Multinational M&A in China: Cause, Behaviour and Policy Analysis

Multinational corporations' MA in China has been the main form foreign direct investment form since China joined WTO, and embodies different patterns. The capital-intensive manufacture, financial service and retailing have been the first-line objects in multinational corporations' vision. Multinational MA will surely promote China's industrial structure level and strengthen industrial development competition in the long time, and also will have been the most important drive to reform state-owned enterprise as well. As to the Multinational MA, it is suggested that government should advance the civil treatment according to the rules of WTO and at the same time should check the foreign ventures' industry, operation and goal comprehensively, taking state interest maximization and safeguarding investors' rights as the standard, especially bring the interrelated policies out to regulate Multinational MA step by step.