我国企业海外并购的政治风险及防范策略研究

Chinese Enterprises' Overseas Mergers and Acquisitions:Political Risk and Protection Strategies

随着我国企业海外并购规模的扩张,政治风险日益呈现。国有企业的政治背景、过度集中于能源资源行业、海外的中国威胁论以及不被认同的市场经济地位,均增大了东道国政治势力对并购的抵制。要化解海外收购政治风险,我国应该加快推进市场经济体制改革、积极构建与东道国政府的磋商机制、细化完善国别投资经营障碍报告制度、完善我国海外投资保险机构运作模式、强化本地化经营、聘请当地专业机构参与公关并尽量低调。

With the expansion of the scale of overseas mergers and acquisi-tions by Chinese enterprises, the issue of political risk is increasingly prominent. The political background of China＇ s state-owned enterprises, their over-concentra-tion on the energy-resource industry, the China Threat viewpoint rampant over-seas, and China＇ s unrecognized market economy status all work to increase the host countries＇ political resistance to mergers and acquisitions by Chinese enter-prises. To ease this resistance, China should speed up its market economic re-form and actively engage itself in consultation with the host government. China should also improve its reporting system on China＇ s foreign investment and for-eign operation obstacles, and better the operations of China＇ s insurance agencies covering China＇ s overseas investment. Preferably acting with a low profile, Chi-nese enterprises engaged in foreign expansions should intensify their localization efforts and involve local professional agencies for public relations.