外资并购:国际直接投资的双刃剑

Foreign M&A:The Double-Edged Sword for International Direct Investment

本文认为,外资并购已经成为国际直接投资的一种主要方式。近年来我国外资并购呈逐年上升态势,在给我国带来先进管理经验和技术的同时,也出现了很多问题,对我国经济产生了负面影响。如外资并购容易形成垄断和控制,大幅度裁员影响社会稳定,相关法规建设严重滞后且缺乏可操作性,国有资产流失严重,对外资进入具体行业的程度规定还不够明确,在反垄断审查中缺乏权威的数据支持等。文章提出,我国政府应重新架构相关的法律法规体系,明确外资并购可以进入行业或领域的具体程度,完善资本市场和产权交易市场,建立并购经济信息网络、分析体系及外资并购国有企业的监管协调机制,注意运用我国市场潜在的优势,尽量在并购中获得较高比例的控股权,进一步明确政策导向,吸引外资并购西部国有企业,同时,鼓励我国企业"走出去",到国外进行投资和并购。

In recent years, foreign M＆A in China is growing rapidly. Thought it brought us with advanced technology and experiences of management, it also has some negative impact on China＇s economy. So, our government should adopt such countermeasures as reconstructing related law and regulation system, clarifying industries and field that foreign M＆A can be allowed, improving the capital market and property fight market, building an economic information net and a system for analysis, encouraging more Chinese enterprises to go abroad to invest and carry out M＆A, and so on.