Article 4, Circular 114, 22
Article 6, Circular 114, 21
Article 8, Rule 26, 21
Article 8, Rule 27, 22
Article 9, Rule 27, 21
Article 10, Rule 27, 21
Article 22, Rule 26, 21
Asian Crisis of 1997 to 1999, 13
Australia, Chinese experiences of direct investment in, 34–37
Big Four, 31
Bloomberg Technology, 58
Business combinations, 24
Butter Creek Projects, 41
Canyon Bridge Capital Partners, Inc. to acquire Lattice Semiconductor, 47–48
China Banking Regulatory Commission, 16
China cross-border mergers and acquisitions, major issues in
accounting method for business combinations, 23–24
European Union policy toward foreign acquisitions in Europe, 38–39
overview of, 15
policies of governments of host countries, 25–37
postmerger integration experiences of, 24–25
regulation of outbound investment of China’s enterprises, 22–23
state-owned enterprises
outbound investment policy regarding, 19–22
overseas investment performances of, 25
China Insurance Regulatory Commission, 16
China–Australia Free Trade Agreement, 39
China mergers and acquisitions abroad, case studies of
Canyon Bridge Capital Partners, Inc. to acquire Lattice Semiconductor, 47–48
CITIC Group and investment in Australian mines, 48–50
Fujian Grand Chip Investment Fund attempted acquisition of AIXTRON SE, 46–47
labor conflict in postmerger integration, 52–53
Lenovo acquires IBM’s PC Division, 55–59
Qianjiang Motors acquires Benelli Motorcycles, 53–55
Ralls Corporation and acquisition of Terna Corporation, 41–46
Shuanghui International Holding buys Smithfield Foods, 50–52
CITIC Group and investment in Australian mines, 48–50
Clayton Act of 1914 and mergers, 32
Colmer, Patrick, 36
Committee on Foreign Investment in the United States (CFIUS), 27–28, 42–43
Chinese acquisitions under special scrutiny, 28–31
Country-level factors, 10
Defense Production Act of 1950 (DPA), 41–42
Deloitte, 31
Ernst & Young, 31
European Union policy toward foreign acquisitions in Europe, 38–39
External constraints for Chinese M&As, 13
Federal Trade Commission (FTC), 32
Firm level factors, 10
Foreign Investment Review Board (FIRB), 34–35
Fujian Grand Chip Investment Fund attempted acquisition of AIXTRON SE, 46–47
Grand Chip Investment GmbH (GCI), 46
Herfindahl–Hirschman Index (HHI), 32
Hong Kong Stock Exchange, 5
Industry-level variables, 10
Internationalization, gradual, 13
KPMG, 31
Labor conflict, in postmerger integration, 52–53
Lattice Semiconductor Corporation, 47–48
acquires IBM’s PC Division, 55–59
Looney, Thomas F., 58
McKinsey & Company, 56
Measures for the Administration of Outbound Investments, 16
Mergers and acquisitions (M&As)
case studies of, China’s, 41–59
external constraints for Chinese, 14
major issues in Chinese cross-border, 15–39
outbound foreign direct investment. See Outbound foreign direct investment (OFDI)
Ministry of Commerce (MOFCOM), 15, 18
China’s enterprises for outbound acquisitions, 22–23
Ministry of Foreign Trade and Economic Cooperation, 13
National Development and Reform Commission (NDRC), 15, 16–18
Obama, Barack, 41
Offshore financial centers (OFCs), 5
Outbound direct investment (ODI), 11
Outbound foreign direct investment (OFDI)
geographic distribution of, 7–8
role of government
and information in growth of, 11–12
of government of China in, 12–14
Overseas acquisitions, by Chinese enterprises, 15–19
Overseas state-owned assets, registration and monitoring of, 22
People’s Republic of China’s (PRC) antitrust regulators, 16
Postmerger integration experiences, of Chinese enterprises, 24–25
PricewaterhouseCoopers, 31
Privately owned enterprises (POEs), 6
Public Company Accounting Oversight Board (PCAOB), 31
Qianjiang Motors acquires Benelli Motorcycles, 53–55
Ralls Corporation and acquisition of Terna Corporation, 41–46
Roundabout method of investment, 5
Sarbanes–Oxley Act, 32
Securities and Exchange Commission (SEC) Act of 1934, 31
Shuanghui International Holding buys Smithfield Foods, 50–52
Smithfield Foods, acquisition of, 50–51
Song, Qiao, 55
Special purpose vehicles (SPVs), 22
State Administration of Foreign Exchange Control (SAFE), 15, 18–19
State-owned Assets Supervision and Administration Commission of the State Council (SASAC), 16
State-owned enterprises (SOEs), 6, 12
outbound investment policy regarding, 19–22
overseas investment performances of, 25
Third International Bicycle and Motorcycle Exhibition, 53
Two-tier financing arrangement, 51
United States
policy toward foreign acquisitions, 26–27
postmerger class action lawsuits by shareholders in, 32–34
securities laws and acquisition of U.S. public companies, 31–32
U.S. Intelligence Community (USIC), 28
U.S. Naval Air Station Whidbey Island, 41