:Cross-border mergers and acquisitions （CBMA） may not only be affected by the differences between the two countries in the level of economic development，but also may be affected by the characteristics of the board directly.Based on the data of 410 cases of cross-border M&A of Chinese enterprises from 2003 to 2016，this article uses the binomial Logit model to analyze the impact of economic distance and heterogeneity of the board on the MNEs equity entry mode of Chinese enterprises.The results show that the greater the economic distance is，the more likely the enterprises tend to adopt minority-equity mode in the process of cross-border mergers and acquisitions.Meanwhile，the larger scale of the board is，the more possibility for it to choose minority-equity entry mode.However，the relationship between political association and education level have no significant effect on the equity entry mode.