International Merger and Acquisition Summit to open in Beijing next week

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Last updated at: (Beijing Time) Tuesday, November 11, 2003

International Merger and Acquisition Summit to open in Beijing next week

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The international Merger and Acquisition Summit Beijing 2003 is scheduled for Nov.19 and 20 under the joint sponsorship of the State-owned Assets Supervision and Administration Commission (SASAC) of China's State Council andthe United Nations Industrial Development Organization (UNIDO).

The summit is not only the first large-scaled international conference since the establishment of the SASAC, but also the first international merger and acquisition summit hosted by UNIDO in developing countries, said Li Rongrong, minister in charge of the SASAC at a press conference here Tuesday.

According to Li, the meeting will include one major session, six parallel sessions and one TV forum, with the subject "Merger &Acquisition-the Bridge to the Integration of Global Economy". The topic of the major session is Transnational Merger & Acquisition, Adjustment of the Layout and Structure of the State Economy in China.

The summit will focus on the development, basic rules and future trends of acquisition and regrouping across the world, and attempts to set up an arena for further discussion and informationexchanges on method, supervision, reform and management in this field, said Li.

Participants will include senior officials from UNIDO, chairmenor presidents from famous companies active in Merger & Acquisitionfield, well-known Chinese enterprises, both domestic and foreign stock exchanges, chairmen or presidents from legal, evaluation andmanagement consulting agencies and high-level Chinese officials, as well as domestic experts and scholars.

In recent years, faced with abundant opportunities and challenges upon WTO entry, China has gradually readjusted its foreign investment policies, shifting the emphases from traditional joint and cooperative ventures to the newly emerged Transnational purchases.

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