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20世纪90年代以来,世界范围内企业并购潮风起云涌、规模空前,企业并购的总规模更是惊人地增长,我国企业间的并购也正成为中国经济中一个越来越突出的亮点。但由于种种原因,我国企业并购发展过程中还存在一些问题,主要是:上市公司股权结构不合理;政府行政干预较大;企业并购动机还停留在行政和经济思维上;非上市公司收购上市公司主要是购买上市公司的壳资源等。我国企业要直接参与国际跨国公司的竞争,必须解决好并购过程中存在的问题,才能进行强有力的并购,实现企业间的强强联合,使资本经营与实业经营两个轮子共同发展。为此,必须有积极的应对思路,如:国有股流通;鼓励强制性收购;鼓励战略性收购;完善收购方式;加强法制建设;鼓励国际并购等。
Since the 1990s, the worldwide mergers and acquisitions have surged and the scale of mergers and acquisitions has been unprecedented. The total scale of mergers and acquisitions is even more dramatic. The merger and acquisition among Chinese enterprises is becoming an increasingly prominent highlight in China's economy. However, due to various reasons, there are still some problems in the process of mergers and acquisitions in China. The main problems are as follows: the ownership structure of listed companies is irrational; the government intervenes a lot; the motivation of M & A still stays in administrative and economic thinking; Mainly the purchase of shell resources and other listed companies. Chinese enterprises should directly participate in the competition of international multinational corporations, and the problems in the process of mergers and acquisitions must be solved before strong mergers and acquisitions can be made and the powerful alliances between enterprises can be consolidated so that the two operations of capital management and industrial management can develop together. To this end, we must have a positive response, such as circulation of state-owned shares, encouragement of compulsory acquisitions, encouragement of strategic acquisitions, improvement of acquisition methods, strengthening of the legal system and encouraging international mergers and acquisitions.