跨境换股很可能成为未来境内企业“走出去”的有效途经《上市公司收购管理办法》承认了换股并购,《关于外国投资者并购境内企业的规定》第四章也专门对跨境换股做了规定。这就将换股并购这个在国外广为应用的并购方式推向前台。笔者就并购新规中关于换股并购的相关规定以及一些注意事项进行简要评析,以期给境内企业的并购战略提供些许参考。 Cross-border conversion is likely to be an effective way for domestic enterprises to “go global” in the future. The “Measures for the Administration of the Acquisition of Listed Corporations” recognize exchange-traded mergers and acquisitions. Chapter IV of “Provisions Concerning the Merger and Acquisition of Domestic Enterprises by Foreign Investors” Unit made the provisions. This will convert the merger and acquisition of the M & A method widely used abroad to the front. The author on the merger of the new regulations on the relevant provisions of the conversion and mergers and acquisitions and some notes for a brief review, with a view to domestic enterprises M & A strategy to provide some reference.