毕马威(KPMG)：世界级的梦想——中国企业对外投资现状和反思.docVIP

毕马威(KPMG)：世界级的梦想——中国企业对外投资现状和反思 World class aspirations: The perceptions and the reality of China outbound investment /cn Contents 123 Introduction … 本科毕业论文 题 目 最小多项式的性质及应用 郑重声明 本人的毕业论文（设计）是在指导教师孙秀娟的指导下独立撰写完成的. 如有剽窃、抄袭、造假等违反学术道德、学术规范和侵权的行为，本人愿意承担由此产生的各种后果，直至法律责任，并愿意通过网络接受公众… 【通达信】雨青技巧（雨青抄底、主力建仓、半山水库）-指标公式源码 M5:=MA(CLOSE,5); M4:=MA(CLOSE,4); MA3:=MA(CLOSE,3); VOL5:=MA(VOL,5); 雨青抄底:M5M4 AND SLOPE(M5… World class aspirations: The perceptions and the reality of China outbound investment /cn Contents 123 Introduction Executive summary About the survey The determinants of world class MA/investment 48101214161720 1. Vision and strategy 2. Target identification and capability3. Negotiation and execution4. Use of external support5. Implementation and integration Concluding remarks About KPMG Contact us World class aspirations: The perceptions and the reality of China outbound investment 1 Introduction As Chinese companies make more investments overseas, they are building up a reserve of experience in all areas of deal making. Investment is focused on an increasingly wide range of objectives, including scaling revenues through growth in new markets, diversification, and progressing along the value chain. Edwin Fung Partner in charge, MarketsKPMG China The global downturn did little to halt this trend. Chinese companies completed 60 deals in developed markets alone during 2009, with a further 39 deals in the first half of 2010.1 China now ranks as the fifth largest global outbound investor with a total volume of USD 56.5 billion in 2009, compared to a ranking of twelfth in 2008, according to the Ministry of Commerce.2 In this report, we have set out the common elements of world-class MA or investment (see page 2). We believe there are many common traits exhibited by leading multinationals, international private equity firms and serial deal-makers. This best practice can be defined in terms of overall vision and strategy, target identification and