The urgent need for Chinese enterprises to extend their industrial chain upstream and downstream is beneficial for them to acquire overseas resources, expand overseas markets, and obtain advanced technology, especially in light of the current frequent trade frictions. If overseas mergers and acquisitions are conducted properly, they can effectively bypass trade protection barriers and change the passive situation in international trade relations. The continuous appreciation of the Renminbi against the US dollar has strengthened relative purchasing power. The financial crises in Europe and the United States have made the prices for acquisitions reasonable. China's excessive US dollar foreign exchange reserves have made the demand for US dollar asset swaps even more urgent. The significant development of China's stock and capital markets has greatly strengthened China's merger and acquisition capital and means.