• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Financial Crisis, Is China'S Service Industry The Opportunity To Expand Overseas?

    2008/12/10 0:00:00 10265

    Financial Crisis

    The global financial crisis has not only caused a certain impact on the sales of domestic garment enterprises, but also stimulated the enthusiasm of some domestic enterprises to collect overseas documents.

    Theoretically, it is a good time for Chinese enterprises to expand and expand overseas.

    Cheaper asset prices, stronger desire to sell, and undervalued potential values seem to indicate that this is a good time for domestic companies to "control" the world.

    However, in practice, the risks and difficulties of overseas M & A expansion are still not small. Apart from the problems of cultural integration and management synergy faced by traditional overseas M & A, the "bottom up" service companies will have to ask themselves whether they are really at the bottom now.

    Is the crisis going to deteriorate?

    And are they capable of going through the crisis?

    When it is impossible for us to confirm the depth and duration of the crisis, hasty action may drag down a well run enterprise.

    As the SASAC has warned against state-owned enterprises in the past few years, we should be cautious about this crisis that has not happened for decades. "Now state-owned enterprises should not rush to merge, keep cash, and there will be many opportunities in the future."

    Host: what do you think of the overseas mergers and acquisitions of Chinese clothing enterprises under the global financial crisis?

    Xiong Xiong: as a result of the financial crisis, many entities in Europe and the United States are in financial difficulties. In order to alleviate the financial pressure of these enterprises, the European and American countries represented by the United States have to lower their investment threshold for foreign enterprises. Therefore, the current international market provides a rare opportunity for Chinese enterprises to "go out".

    At present, China is more worried about the development of enterprises than its multinational corporations, especially the use of capital markets to make our enterprises stronger and bigger.

    Do not make economic behavior ideologically and nationalized emotionally. M & A itself is the interest game between enterprises and enterprises, and economic behavior should be discussed in accordance with economic laws.

    Chinese enterprises will go through the practice failure and go through the process of practice and failure and gradually succeed, but at the moment, it is a good time to start. Enterprises can not miss the opportunity of being unfamiliar because they are not prepared consciously.

    China's excellent enterprises must take the lead and actively go out.

    The leading enterprises in the European and American industries, technology leading enterprises and resource enterprises should be the main targets for Chinese enterprises to participate in the stock market.

    Ding Baohe: This is an academic question. Whether overseas expansion or domestic expansion, now may be a good time.

    At present, the domestic service enterprises are divided into three hundred and sixty nine, some are very dangerous enterprises, the environment has caused this crisis, some are seemingly no crisis enterprises, but it is not that it really has no crisis, but that there is no crisis in this period, it has other crises.

    Enterprises without crisis may be an opportunity to expand and copy the bottom, but there is no universality. In the whole environment, most enterprises are tight.

    The expansion is now a good time for this part of the business, but very few. Although the cost of expansion is low now, whether it is successful or not depends on whether the enterprise is smart and lucky enough.

    Host: in comparison with the past, what risks do we have to face for overseas mergers and acquisitions?

    Ding Baohe: at this time, we need to copy the bottom, we can not say that it is not an opportunity, but this opportunity is not bad.

    For example, now that this situation is over, you think it's over, so you start expanding at home and abroad, but in fact, things are not what you think, and maybe the situation is even worse.

    You must be smart, smart, and lucky. Maybe you are just the bottom of the crisis right now, and if you don't have luck, you may get deeper and deeper in this crisis.

    Zhao Hongxuan: you can take the historical experience of Japan and the United States to see the risk of overseas mergers and acquisitions of Chinese enterprises.

    In overseas mergers and acquisitions, Japanese companies were not very successful, while the United States was relatively successful.

    Japan's enterprises that went out at that time were large enterprises, and their efficiency should be very high. However, they were still very difficult to succeed in overseas acquisitions, including cultural differences, language differences, and management methods.

    The success rate of overseas mergers and acquisitions of American enterprises is even higher. This may be because many large American enterprises have been working on mergers and acquisitions for a long time, and they already have many experiences. They know where the key lies and where they are difficult.

    American enterprises have specialized departments and teams in mergers and acquisitions. Their labor cost in mergers and acquisitions is very high, and many American enterprises' growth strategy is M & A.

    Compared with the current situation in China, only a few large companies have teams specializing in M & A pactions.

    Zheng Jingping: there is greater difficulty and risk in valuing the financial assets and liabilities of the acquired enterprises under the financial crisis.

    The complexity of financial derivatives makes the operation and debt status of enterprises related to financial assets investment difficult to see clearly. How to evaluate the value of financial liabilities of the acquired enterprises is a difficult problem.

    Host: what are we lacking for the overseas mergers and acquisitions of domestic garment companies?

    Xiong Xiong: the Chinese government should encourage more domestic enterprises to actively participate in European and American entities. The government's supporting policies are also the key to the success of Chinese enterprises' overseas stock purchase in the financial crisis.

    At present, the relevant approval procedures for overseas mergers and acquisitions of Chinese enterprises are very complicated, and the state should relax the examination and approval of cross-border mergers and acquisitions.

    At the same time, a professional "overseas acquisition fund" can be set up by the private equity investment fund with mature overseas experience, PE, and the state-owned capital encouraged by social security funds, insurance funds and other policies. The NDRC is responsible for specific coordination.

    Zheng Jingping: when it comes to mergers and acquisitions, it is best to choose a company with a clear entity economy and debt. In addition, we should consider using auditing and research institutions to assist mergers and acquisitions.

    Yang Jing: editor in charge

    • Related reading

    Under The Crisis, The Textile Industry Takes Self Rescue To Get Rid Of Difficulties.

    Industry Overview
    |
    2008/12/10 0:00:00
    10237

    Ten Reasons For The Rise Of China'S Clothing Brand

    Industry Overview
    |
    2008/12/10 0:00:00
    10237

    Industrial Upgrading Of Textile Industry Coincides With Warm Winter And Early Winter Training.

    Industry Overview
    |
    2008/12/10 0:00:00
    10251

    Uncertainties In The World Economy Are Also Increasing.

    Industry Overview
    |
    2008/12/9 0:00:00
    10230

    Deep Thinking On Clothing Product Network Marketing

    Industry Overview
    |
    2008/12/9 0:00:00
    10234
    Read the next article

    Central Provinces, Textiles And Clothing Looking For Opportunities For Pformation

    主站蜘蛛池模板: 理论亚洲区美一区二区三区| 亚洲欧美国产精品专区久久| 亚洲人成免费网站| 一本大道久久a久久综合| 激情欧美人xxxxx| 欧美牲交a欧美牲交aⅴ免费下载 | 深夜放纵内射少妇| 成人精品一区二区三区校园激情| 国产一级做a爰片久久毛片| 亚洲av午夜成人片| 国产精品亚洲四区在线观看| 日韩精品无码成人专区| 国产女同在线观看| 亚洲国产欧美国产第一区二区三区 | 一级毛片一级毛片一级毛片| 黑人巨大精品欧美一区二区免费| 波多野结衣先锋影音| 国内精品九九久久久精品 | 无码av专区丝袜专区| 国产成年无码v片在线| 亚洲最大成人网色| 99国产精品视频免费观看| 美女尿口免费影视app| 日本无遮挡漫画| 国产成人精品午夜二三区波多野| 久久高清一区二区三区| 菠萝蜜亏亏带痛声的视频| 欧美黑人粗大xxxxbbbb| 天天摸天天做天天爽水多| 嘟嘟嘟www免费高清在线中文 | 国产成人精品三级在线| 久久久无码精品午夜| 黑人巨茎大战欧美白妇| 无遮挡很爽很污很黄在线网站| 国产在线一区二区杨幂| 五月婷婷俺也去开心| 视频在线观看一区二区三区| 日韩在线不卡免费视频一区| 国产无遮挡又黄又爽在线视频| 亚洲午夜电影在线观看| 香蕉伊思人在线精品|