证券市场导报
證券市場導報
증권시장도보
Securities Market Herald
2012年
11期
49~54
,共null页
并购业务 产业集中度 私募股权投资基金
併購業務 產業集中度 私募股權投資基金
병구업무 산업집중도 사모고권투자기금
mergers and acquisitions, industrial concentration, private equity investment fund
2011年中国成为亚洲最活跃的并购新兴市场，并购市场有望成为未来投资银行争夺的新蓝海。国际市场并购业务的发展经验表明，并购活跃度与经济的发展阶段密切相关。文章以经济转型期中的并购交易占GDP比重以及产业集中度为测算准则，对未来中国并购业务的市场空间和发展潜力进行预测。预测结果均表明，我国并购市场在未来存在很大的提升空间，市场规模将以万亿计。
2011年中國成為亞洲最活躍的併購新興市場，併購市場有望成為未來投資銀行爭奪的新藍海。國際市場併購業務的髮展經驗錶明，併購活躍度與經濟的髮展階段密切相關。文章以經濟轉型期中的併購交易佔GDP比重以及產業集中度為測算準則，對未來中國併購業務的市場空間和髮展潛力進行預測。預測結果均錶明，我國併購市場在未來存在很大的提升空間，市場規模將以萬億計。
2011년중국성위아주최활약적병구신흥시장，병구시장유망성위미래투자은행쟁탈적신람해。국제시장병구업무적발전경험표명，병구활약도여경제적발전계단밀절상관。문장이경제전형기중적병구교역점GDP비중이급산업집중도위측산준칙，대미래중국병구업무적시장공간화발전잠력진행예측。예측결과균표명，아국병구시장재미래존재흔대적제승공간，시장규모장이만억계。
In 2011, China became the most active mergers and acquisitions （M＆A） emerging market in Asia, and M＆A market could be attracting attentions from all investment banks. From the development experiences of M＆A from international developed markets, the activity of M＆A is closely linked with the economical development. Using M＆A transactions over GDP ratio and industrial concentration as estimate standard, we forecast the future market space and development potential of China＇s M＆A business. The forecasting results show that there is a huge improvement space for future China＇s M＆A market, and the market scale could be in trillion RMB level.
