中文摘要：

随着“21世纪海上丝绸之路”建设的推进和发展，中国与东盟将继续深化战略合作伙伴关系，打造共同繁荣的未来“钻石十年”。在东盟投资的中国企业也肩负着建立健全中国一东盟地区供应链、产业链和价值链，形成国际生产网络，增强企业国际竞争力的重要目标。本文创新性地以价值链环节的构成作为视角，将产业链和价值链进行分解，分析中国企业在不同环节对东盟直接投资的静态分布状况，并总结出中国在这些年对于东盟国家从价值链视角进行投资的发展变化情况，对价值链投资的分布特征进行剖析，据此提出中国企业未来对东盟投资的建议。本文的数据基础是根据中国商务部发布的《境外投资企业（机构）名录》，统计出投资东盟的中国境外企业价值链数据和信息，分别以发展历程、价值链环节和国别分布为角度，对东盟投资的价值链分布的特征和问题展开分析。

英文摘要：

With the advancement and development of ＂21st Century Maritime Silk Road＂ construction,China and ASEAN will continue to deepen the strategic partnership,to build common prosperity ＂diamond decade＂ in the future. Chinese enterprises to invest in ASEAN should establish and improve China - ASEAN regional supply chain ,industrial chain and value chain,the formation of international production networks ,and enhance the international competitiveness of the important goals. In this paper,an innovative way is used take value chain as a perspective,decomposed the distribution of Chinese companies in different sectors of the ASEAN direct investment, and concluded the features changes of the investmentin ASEAN countries from value chain viewpoint,finally gave the recommendations on the future investment of Chinese enterprises in ASEAN. Thedata is based on ＂foreign-invested enterprises （institutions） List＂,the article provided a comprehensive analysis on the features of value chain investment in ASEAN by this database and lay a foundation for future analysis.