.jpg)
On 17 and 18 March 2016, Shenzhen Stock Exchange held a seminar on the special topic of overseas mergers and acquisitions (Europeans Session), where over 120 trainees from more than 90 listed companies and companies applying for listing communicated and discussed in depth with relevant intermediaries about various aspects of the topic.
In recent years, Chinese enterprises have quickened the pace in overseas mergers and acquisitions, resulting in a dramatic rise in the number and the amount of mergers and acquisition overseas. Statistics shows that, in 2015 overseas mergers and acquisitions by Chinese enterprises amounted to USD162,000 million, a huge increase compared to the USD56,900 million in 2014. Listed companies are the major participants in such mergers and acquisitions, while SMEs, technological and private companies are also actively involved, marking the overseas mergers and acquisitions in recent years. However, most of the listed companies, especially the developing ones, are lacking in experiences in overseas mergers and acquisitions, and are facing problems in strategic planning, trading structure designing, financing arranging, payment tools, integration and etc. Their skills in relevant aspects are in urgent need to be upgraded; meanwhile most of the quality overseas resources for mergers and acquisition are to be discovered.
The seminars on overseas mergers and acquisitions are the Exchange’s attempt and exploration with joint forces to meet the need of the real economy, said a responsible person from the Exchange. The first seminar on this topic was held in Oct. 2015, and was welcomed and highly regarded by the market. To further focus on and cater to the need, the Exchange hosted the European session this time, with the help of embassies and consulates in China and overseas intermediaries, opening a window to mergers and acquisitions in Europe for the attendants by introducing in detail the relevant potential resources, legal environment, financial requirements, taxation system and etc. It is worth mention that representatives from companies who have participated in overseas mergers and acquisitions were invited to share their practical experience and communicate knowledge and skills in this regard. Concerning that mergers and acquisitions are also a key proint in market regulation, the Exchange also created a platform for communication between regulators and listed companies in order to regulate operation in mergers and acquisitions and to better protect the rights and interests of medium and small investors.
The seminars on mergers and acquisitions are not merely for the purpose of training, expressed the responsible person from the Exchange, they are also a platform for communication and support between and among companies listed in the Shenzhen Stock market and the intermediaries. Shenzhen Stock Exchange shall continue to work with the intermediaries and provide better services and assistance to listed companies going international.
