Abstract: Short of resources are the main barrier of China economic development, also barrier of resource-based enterprises. For these reasons, resource-based enterprises must actively "go out" integrate overseas resources. Currently, our resource-based enterprises involved in overseas resources by M&A, and M & A target area are concentrated essentially on resources as the basis, besides survey the target country political, economic, legal and cultural and other environment to decide whether carry out M&A. In this paper, on the theoretical basis of comparative advantage theory and resource-based enterprises in China M & A cases abroad in recent two years, using factor analysis methods to summarize, analyze and research the M&A targets, and on this basis, propose the appropriate M&A strate.