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Enterprise asset restructuring is both an economic phenomenon , but also has certain legal characteristics , so the modern sense of the corporate reorganization of assets is a natural economic laws together with the result of social rationality .

企业资产重组是社会经济发展整体趋势面的微观反映。在由资本主义经济自由竞争阶段向垄断资本主义阶段的发展过程中，资本的积聚和集中发挥了重要作用，表现在微观形态上就是企业之间的并购，其一是大资本依靠着自身的势力收购合并中小资本，形成更大的资本，其二则是分散的中小资本合并为较大的资本。

① enterprise asset reorganization is the socio-economic development of microscopic surface reflects the overall trend . In the capitalist economy, free competition phase to the stage of monopoly capitalism in the development process of capital accumulation and concentration play an important role , and in the microscopic morphology is mergers and acquisitions between companies , one is relying on its own large forces of capital small capital acquisitions and mergers to form larger capital , and the other is dispersed into the larger small capital capital . Between enterprises, mergers and acquisitions, capital concentration, accelerated the expansion process of social capital , making the continuing socio-economic development in accordance with their own path acceleration .

企业资产重组是社会资源优化配置的微观基础。企业在社会内纵横上下全方位的重组活动，引起了资源在社会范围内的全方位的流动和重组，这就是社会资源优化配置的具体形式，是社会资源优化配置的基础。

② corporate asset restructuring is a social micro-foundation for optimal allocation of resources . Enterprise within the community aspect of a full range of restructuring activities up and down , causing the resources within the community a full range of movement and restructuring , which is the optimal allocation of social resources specific form , is the basis for optimal allocation of social resources .

③ economies of scale corporate restructuring is an important mechanism for the formation of alternation . Development of social production there are economies of scale issues , ie the best production scale problems , to achieve this optimal scale of production is the most important means of corporate mergers and acquisitions among enterprises . From the West happened five M & A wave can be seen in the capital have unlimited expansion of the impulse , and mergers and acquisitions among enterprises turn this objective possibility of unlimited expansion of capital into a social reality , becoming continuously enhance economies of scale implementation mechanism and important means .

Corporate reorganization of assets is the economic rights and obligations of both parties to change or reset the economic behavior , which involves a series of economic and legal relations , with obvious legal characteristics :

① corporate mergers and acquisitions is a legal transfer of property rights . Corporate mergers and acquisitions is a transfer of property rights as a whole , the surviving companies in the enjoyment of property rights and the creditor must also assume all liabilities existing enterprises , in order to protect other creditors ( third party ) interests.

② corporate reorganization act as an economic law , regulation by national laws and protection of corporate restructuring as a legal entity the parties shall be entitled to independently deal with the matter , subject to any other unlawful interference.

③ behavior of corporate restructuring legality of the content