China has become one of the world's leading destinations for foreign direct investment (FDI). However, while cross-border mergers and acquisitions (M&A) have become the dominant form of global FDI flows, they remain a relatively small part of FDI flows into China. In reviewing developments since 2003, this review evaluates the progress made in developing an effective institutional framework for cross-border M&A in China, takes stock of remaining obstacles, and offers policy options to address them.
Tables des matières:
Executive Summary Chapter 1. Background to the Review Chapter 2. The Case for Open Cross-border M&A Policy in China Chapter 3. China's Regulatory Framework for Cross-Border M&A Chapter 4. Lessons form North-East China Experience Chapter 5. Problems Faced by Investors in Pursuing Mergers and Acquisitions in China Chapter 6. Recommended Policy Responses Abbreviations Annex A. Informal External Advisory Group on OECD Investment Committee-China Investment Policy Co-operation Annex B. Survey of Company Experiences Regarding Cross-Border M&A Transactions in China Annex C. Statistical Tables References