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据数据提供商Dealogic的统计,2006年有关中国境内企业的整体或部分收购交易为2263起,高于2005年的1786起,交易总值达到1038亿美元。中国最高立法机关于2007年8月30日表决通过了《反垄断法》,其中第三十一条规定,“对外资并购国内企业或者以其他方式参与经营者集中,涉及国家安全的,除依照本法规定进行经营者集中审查外,还应当按照国家有关规定进行国家安全审查。”近两年,外资并购一直是中国经济最引人注目的话题之一:凯雷收购徐工一波三折、舍弗勒收购洛阳轴承、克虏伯并购山东天润曲轴、法国SEB集团并购苏泊尔、达能并购后与娃哈哈的商业纠纷、花旗并购广东发展银行(外资持股超过20%)、国际日化巨头强生收购大宝、几年前美国吉列入主中国明星企业南孚电池等一系列案例,引起社会各界广泛关注;又因为中国企业在发达国家的并购屡屡受挫,外资并购在学术界及涉外经济领域的争论愈演愈烈。争论的焦点之一是:外资并购是否危及我国经济安全、如何规范外资并购?为此,本栏目特别策划专题,将争论中最有代表性的观点分类汇集并请有关专家点评,同时提出外资并购中的外汇管理问题,一并供读者阅读参考。
According to statistics from data provider Dealogic, in 2006, the number of acquisitions of enterprises in China as a whole or in part was 2,263, up from 1,786 in 2005 with a total transaction value of 103.8 billion U.S. dollars. China’s top legislature passed the “Anti-Monopoly Law” on August 30, 2007, in which Article 31 stipulates that “in the case of acquisition of domestic enterprises by foreign investors or otherwise involving in the concentration of operators and involving national security, In accordance with the provisions of this Law to carry out centralized examination of managers, it should also carry out national security reviews in accordance with relevant state regulations. ”In the past two years, foreign M & A has been one of the most striking topics in China’s economy: Carlyle acquired Xugong twists and turns, Freudenberg acquisition of Luoyang Bearing, Krupp acquisition of Shandong Tianrun Crankshaft, France SEB Group mergers and acquisitions Supor, Danone mergers and acquisitions and Wahaha commercial disputes, Citigroup acquisition of Guangdong Development Bank (foreign ownership of more than 20%), the acquisition of the international giant Johnson & Johnson Dabao, a few years ago, the United States Guillerm into China Star Enterprise Nanfu battery and a series of cases, causing widespread concern in the community; and because Chinese enterprises in developed countries M & A often frustrated, foreign mergers and acquisitions in academia and foreign economic disputes Intensified. One of the focuses of the debate is whether foreign mergers and acquisitions endanger the economic security of our country and how to regulate foreign mergers and acquisitions? To this end, this section specially planned topics to bring together the most representative views of the debate and invited relevant experts to comment, In the foreign exchange management issues, for readers to read the reference.