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| Author: | Meng, Changkang |
| Title: | The phenomena of foreign enterprises merging China's state enterprises and the countermeasures (original in Chinese) |
| Journal: | China Reform (c)
1996 : 2, p.23-24 |
| Index terms: | MERGERS CORPORATE PURCHASING FOREIGN INVESTMENT CHINA |
| Language: | chi |
| Abstract: | The main modes of foreign enterprises merging China's state enterprises are as follows: 1. purchasing the whole property rights of state enterprises to make them solely foreign- funded ones, 2. purchasing over 50% of enterprises' shares to make them holding enterprises, 3. foreign businessmen hold over 50% of shares in joint ventures, 4. foreign businessmen decrease gradually Chinese side's shares by increasing capital and shares in an effort to make them holding enterprises. The countermeasures are as follows: 1. establishing China's system for competition, 2. giving "national treatment" to foreign-invested enterprises according to international practice, 3. strengthening policy guidance to industries and formulating "Catalogue Guiding Foreign Investment by the State", "Industrial Policy Law" and "Law on Foreign Enterprises Investment". |
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