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Although China from a planned economy to a market economy has been more than twenty years , but the witch hunt of state-owned enterprises , powers and responsibilities regardless of fuzzy property rights , mismanagement , outdated equipment , lack of technological innovation , low investment returns , market risk the phenomenon is still quite serious , many companies are insolvent , has the verge of bankruptcy . The reform of state-owned enterprises , not only to face our problems , but also the problems faced by the world . Looking at the world, countries in the reform of SOEs due to different national conditions , business conditions there , its transformation and reform mode are not the same, but largely through acquisitions and other means to achieve the privatization of state enterprises , joint-stock reform of state-owned enterprises . Thus , from the successful experience of foreign countries can be seen : in M \u0026 A in the reform of state-owned enterprises play a very important role . In recent years , China has also started to try to use this means to transform the state-owned economy . However , due to various reasons , the state-owned enterprises in China 's M \u0026 A activity , often accompanied by many problems. These problems not only affect the effect of mergers and acquisitions , but also impede progress in the reform of state-owned economy to the national economy , the more serious is the risk of turbulent . This paper reviews the three M \u0026 A wave in China , combined with China's state-owned enterprises on the status quo of China 's M \u0026 A analysis and summarize abroad based on some financial problems in the mergers and acquisitions : mergers and acquisitions of state-owned enterprises financial motivation problem ; state-owned mergers and acquisitions , financial analysis and evaluation ; problems of the use of leveraged buyouts in the mergers and acquisitions of state-owned enterprises ; after the merger and acquisition of state-owned enterprises , financial integration problem . Subsequently seize these problems , analyze their causes , and the use of related financial theory , put forward suggestions to solve these financial problems .
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