Anta Chairman: Simplifying The Approval Procedures For Overseas Mergers And Acquisitions Of Private Enterprises

< p > March 13th afternoon, although the annual reports released by listed companies just showed that for the first time in five years, net profit fell for the first time and 590 stores closed in one year, the NPC deputy chairman and chief executive officer Ding Shi Zhong, who is in the two sessions, will pay more attention to the overseas mergers and acquisitions of private enterprises. The proposal should simplify the procedures of examination and approval, reduce the cost of enterprises and build up the cost. "In March 13th,

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< p > the current Chinese economy, especially the development of private economy, has encountered a great bottleneck.

In recent years, with the gradual disappearance of demographic dividend, China's labor costs have risen sharply, and a large number of orders have been pferred to Southeast Asian countries collectively, which has become an important gateway for the pformation and upgrading of private enterprises.

Ding Shizhong pointed out that the vast majority of private enterprises must jump out of the pure production and processing links, extend to the high-end links of R & D, retail and other industrial chain, and increase the added value.

Under the background of global economic integration, brand and R & D short board can make full use of international resources and make up through mergers and acquisitions.

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< p > he said: "in 2004, Lenovo has become the world's largest PC manufacturer through the acquisition of IBM.

In 2011, Geely acquired the high-end team of automotive R & D and the world luxury car brand through the acquisition of Volvo.

Let's take ourselves to say that in 2009, Anta acquired a well-known sports brand FILA in Italy, and now it is developing very well.

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< p > Ding Shizhong believes that private enterprises have their own unique advantages in overseas mergers and acquisitions.

First of all, the property rights of private enterprises are generally clearer, so "going out" is easier to be accepted by foreign countries. Unlike state-owned enterprises, they are obstructed because of their identity problems. Secondly, private enterprises make decisions faster and have shorter cycles, which can quickly pfer and process market information, and quickly adjust their business strategies along with the changes in the international market.

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< p > at the same time, private enterprises have difficulties in overseas mergers and acquisitions.

First, there is a lack of experience in overseas mergers and acquisitions of private enterprises, and lack of corresponding strategic guidance and planning.

Second, compared with foreign enterprises or large state-owned enterprises, private enterprises are still small in scale and weak in strength and risk resistance.

Third, it is difficult to use bank loans and lack of financing instruments such as merger and acquisition bonds.

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< p > Ding Shizhong suggested that first, we should simplify the procedures of examination and approval, reduce the cost of mergers and acquisitions, and create a "green channel" for mergers and acquisitions.

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< p > Second, we need to improve the overseas investment insurance system and reduce the risk of overseas mergers and acquisitions.

We should learn from the experience of developed countries, improve overseas investment insurance system, increase insurance varieties, explore the possibility of overseas assets mortgage guarantee, expand the coverage of bilateral investment protection agreement, strengthen the linkage between foreign investment enterprises and Vc firm, insurance companies, establish risk sharing mechanism, and reduce the risk of overseas mergers and acquisitions; < /p >

< p > Third, we should give tax support to private enterprises in overseas mergers and acquisitions in the field of new technology and intellectual property; < /p >

< p > Fourth, giving financial support to overseas mergers and acquisitions of private enterprises, such as setting up a special bank for private enterprises to provide financial support for overseas mergers and acquisitions; giving preferential treatment to private enterprises on M & a lending rates; providing leverage financing for mergers and acquisitions and other financial innovation means.

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< p > but Ding Shizhong did not disclose information about Anta's overseas acquisitions.

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