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全球并购 中国整合:第六次并购浪潮

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全球并购 中国整合:第六次并购浪潮

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《*球并购 中国整合:第六次并购浪潮》是集作者近40年职业生涯和25年中国与国际资本市场经历的精华之作。
作者通过对第1次、第2次工业革命的进程以及已经发生的世界五次并购浪潮的解读,结合中国近现代文明发展历史和改革开放三十多年经济发展成就与产业、金融发展状况,讲述了大量跨境并购案例和亲身参与这些并购交易的故事。创新性地提出“中国将掀起*球第六次并购浪潮”的趋势,并把这个趋势称为中国崛起与发展的“千年商机”。
《*球并购 中国整合:第六次并购浪潮》详细地阐述了作者于2011年独创性提出的“*球并购、中国整合”这一商业模式的背景、意义、价值、盈利模式、操作模式以及成功与不成功的交易案例,总结出“金融在前、产业在后”“整合在前、并购在后”“并购、整合、退出”三段式交易结构以及“三明治”模式。广泛探讨了中国各种不同并购交易主体在“*球并购、中国整合”中的特点、角色、优势与劣势。
Author Description

王世渝,重庆人,资深投资银行家、并购专家,拥有25年资本市场从业经验,现任富国富民资本集团董事长。他是中国资本市场*一代参与者,曾任万盟投资管理有限公司总经理、德隆集团金融混业平台金融产品总部总经理。他是“*球并购中国整合”的*倡者——参与博盈-斯太尔并购案例和主导完成战略并购北美镁合金压铸企业迈瑞丁等多起“*球并购中国整合”理念及商业模式的成功案例。他是“中国主导*球第六次并购浪潮”的*倡者,中法、中欧跨境平行并购基金的*创者。主持上百家企业的改制、重组、上市、并购业务及大量的投资融资业务,在企业境内外上市、并购重组、投资融资、房地产金融、产业重组、战略管理等领域具有丰富的经验。他是中国提出房地产投资信托基金REITs方案的专家,创新设计的中国农村土地信托流转方案目前在湖南*省及*guo范围内推广。曾出版著作:《中国的纳斯达克》《曾经德隆》《中国重组》。
Catalogue

自序/ 001
第一章文明的轮回:他人的游戏/ 001
第二章千年商机:睡狮醒来/ 029
第三章金融重心东移:中国为圆心、全球为半径/ 057
第四章第二次工业革命与增长的极限/ 093
第五章中国式“走出去”/ 117
第六章全球并购:金融在前产业在后/ 147
第七章如何进行全球并购交易/ 201
……
Book Abstract

《全球并购 中国整合:第六次并购浪潮》:
而后来创造了工业革命的欧洲,这个时间还在中世纪的苦难里水深火热般煎熬着,期待着文艺复兴的曙光给他们带来光明和希望。
蒙元文明对当时中国的统治是科技、经济、文化的一大倒退。史称“崖山之后无中国”。也就意味着,中原文明从夏、商、周开始创造的技术、工艺、文化、思想、生活方式随之开始被蒙元文化颠覆,金戈铁马之后,一片狼藉。文明的中断不仅会失去继续发展的机会,更重要的是,我们本来就已经十分深厚的文明积淀,从此失去了传承。
而与此同时,欧洲开始渐渐走出黑暗的中世纪,进入文艺复兴时期。思想解放和人本主义思潮带来自由与科技的进步以及经济的发展。从此,欧洲开始了一千年的发展征程,也开创了后来的第一次、第二次工业革命并创造了资本主义制度。
一边是衰落的一千年,一边是发展的一千年。
欧洲的发展是一种渐进的发展过程。中世纪结束到文艺复兴是一个阶段,这个阶段奠定了整个欧洲发展的人文基础。这个基础也是人本主义的人文基础,而不是专制主义的人文基础,这也是后来诞生资本主义私有制的人文基础。在这个阶段,有一个重要的历史事件不容忽视,那就是1648年在德国北部签署的《威斯特伐利亚协议》,这个协议使欧洲在中世纪之后不仅结束了政教合一的政治体制,还在人类历史上最早形成国与国之间以国家为单位的地缘政治均势关系。国家无论大小,一律平等,国与国之间相互尊重主权,而不再是按照宗教组织或者派别划分地域关系。国家体制的确立使得国家需要加强经济力量、军事力量来保卫国家的安全。第一次工业革命能够在欧洲诞生,和国家体制在欧洲确立不无关系。同时,一个统一的国家由于政治秩序的稳定,经济也得到了发展。
这个阶段,在经济上主要是出现了意大利的早期资本主义萌芽,并且逐渐从意大利发展到整个西欧;1750年前后,英国人瓦特发明蒸汽机,使西欧经济发展进入一个新的阶段,这个阶段被称为工业革命诞生的里程碑。从文艺复兴的手工业资本主义萌芽到18世纪机器的发明,经历了整整500年的时间。这种渐进的积累在今天很容易被我们忽略,也就是说,用手工作坊生产我们生活中的必需品,包括服装、食品、家居用品、建筑等,手工业时代的城市化整整经历500年的时间,这种工匠时代的精湛技艺精细到了无以复加的程度。创意、设计、工艺、技术、制作,不管从选材、材料加工还是到产成品,这一点一滴的积累、传承一直得以保持。想想为什么直到今天,意大利的工匠还是世界第一,意大利的设计至今无可比拟,甚至连工业革命也没有将其完全颠覆,从历史中就可以找到答案。
……
Introduction

迫不及待地写这本书是不希望中国错失良机,同时更不希望因为野蛮而不断犯错误。
2014年开始动笔的时候,是希望在一边完成“全球并购、中国整合”交易案例的情况下,一边从容地记述一个伟大时代的激荡历程。
然而,到2015年下半年,我的这种从容完全消失。我感觉到一种从未有过的强大推动力,让我恨不得每天不吃不睡把这本书尽快地呈现在读者面前。原因是中国经济经历三十多年高速增长之后,突然进入了改革开放三十多年来最严峻的时刻。年初还在大讲新常态,下半年便感觉急转直下,各种恐惧、各种迷茫、各种唱衰扑面而来。GDP“破7”、人民币贬值、外资转移、房地产严重过剩、外储下降、两次股灾叠加、硬着陆等问题接踵而至。同时,习近平总书记作为中国最高领导人打破以往任何一任中国最高领导人的节奏,高频率出访,在大国之间展现领袖风采的同时,还传递出中国要大踏步走向国际、融入全球的强烈信号。海外投资、并购不仅没有因为国内经济下行而减少交易的数量,而且在国企改革大局未定、对外投资和并购处于放缓状态的情况下,民营资本矗立潮头,兴许,中国掀起全球第六次并购浪潮的势头,就在习近平从容自信的身后,滚滚而来!
记得2011年我刚刚提出“全球并购、中国整合”以及“中国将掀起全球第六次并购浪潮”的时候,基本上没有人理解,也很少有人接受。那个时候,整个中国的经济还在城市化的快车道上快速奔跑;房子价格还在拼命地飞涨;各地方政府还在为大规模成立各种开发区、产业园区而大卖土地,到处都在大规模拆迁;汽车销售还在节节攀升,兴奋地庆贺超过美国成为全球最大的汽车市场;中国经济总量超过日本成为全球第二大经济体,全世界都在帮助中国计算GDP超过美国的时间,仿佛赶超美国成为世界第一大经济强国已经指日可待。
我在我的上一本书《中国重组》中就提出,中国应该利用西方世界完成第二次工业革命难以再高速增长的大好时机,以“全球并购、中国整合”为主要方式推动国际化、全球化,调整产业结构,实施产业升级和消费升级,实现中国的工业化,走完第二次工业革命的完整历程。没想到,这个话题还没有得到更多的响应,几年之后,中国经济会这么快进入调整和转型的拐点。房地产卖不出去了,政府面临巨额债务压力的同时,失去了偿还的来源;整个传统产业全面告急,过剩产能的压力扑面而来。美国宣布,历经多年谈判的《跨太平伙伴关系规定》(TPP)基本达成,中国被排斥在外,而许多限制性内容专门针对中国而来,中国自2001年加入WTO所形成的推动中国制造全面升级的有利于中国经济的外部市场环境有可能失去。
有人甚至提出,根本不怕美国“重返亚太、包围中国”的战略,大不了我们关起门来搞独立自主、自力更生。
……

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