控制权标准与外资并购上市公司性质及待遇的认定

Control Rights Standard and Nature,Treatment of Foreign Capital M&A With Listed Companies

外资并购上市公司后,公司的定性是中国资本市场的重要问题,直接涉及中国资本市场的良性发展和产业保护,也涉及外商投资制度的规范和完整性,目前还没有较好的处理这一法律问题的可操作方案。通过对外资并购上市公司性质、待遇的法律规定的分析,认为以外资介入上市公司的控制权作为标准,是解决股权高度流动背景下界定外资并购上市公司的性质和待遇的较好方案。

The nature of company after foreign capital M＆A is a major issue in capital market in China, which is directly related to the healthy development and industry protection, as well as regulation of foreign investment institution. The issue still remain being solved. Based on deep analysis on legal regulation on such issue, the paper concluded that control fights in listed companies with foreign capital could be good choice for the definition of its nature and treatment under the circumstance of high circulation.