The Research Of The Central Enterprises Financial Industry Development Based On The Combination Of Industrial Capital And Financial Capital

The central enterprises supervised by the SASAC are the leading enterprises in each industry, which strongly represent the true situation of each industry. This theory used industry economics and management science, statistics technologies, with the theory and practice of the central enterprises on the combination of industrial capital and financial capital, to find the theoretical support and explore the development of different financial industry based on the cominati`on of industrial capital and financial capital in the central enterprises system.The contents of this paper mainly include the following aspects.Firstly,this paper review the existing researches on the combination of industrial capital and financial capital,analysis the idea, the effectiveness and the financial holding company, point out the limitation of existing research and the innovation of this paper. Secondly,under the frame of theory basis theory, this paper systematically state the motivation,the effect, path, risk and preventive measures,establish the base of research. Thirdly, on the base of statistics of non-financial listing corporation, using correlation and regression analysis, to have enterprise performance evaluation and quantitative analysis on validity and fit. On the analysis of " from finance to industry", choose the connectation with combination and listing company operating performance to evaluate the validity.On the analysis of " from industry to finance ", choose financial company,secruity company and bank as the target of the combination of industrial and financial capitial to evaluate the fit. Fourthly,this paper illustrate the development of China Power Investment Corporation financial industry as an example,furtherly emphasize the effectiveness of the combination. The financial industry of China Power Investment Corporation inlude financial company,trust company, the futures company, leasing company and bank. With combination, behavior occurs after a period of time,CPI group has adjusted the development strategy of the financial industry. Fifthly, starting with serveal key points of function mode and regulatory policy and the effectiveness of the combination,detailed analysis the development of financial company and other financial industry. Because the financial company is the optimal choice objects of thecombination, so not only analyze the functional model, the regulatory environment,policy constraints and the meaning of the combination, but also analyze the current situation,problems and development trend of financial companies. Around the combination,the tendency of the financial company is Treasure management financial company, Financial diversified company, and Industrial financial company. The fit of industrial capital and serveral kinds of financial capital which are trust companies,leasing companies, futures companies, securities companies and banks vary widely.This paper analysis and make conclusion on the functional model,regulatory environment,policy restriction,the significance and suggestion of combination. The conclusion is that the central enterprise shouldactively develop the industry of financial company and the leasing,moderately develop the industry of trust and futures,cautiously develop the industry of securities and bank. Finally, on the basis of above analysis, in order to ensure the implementation of the centeral enterprise financial industrial strategy, make suggestion and measures on control mode and safeguard measures.This article mainly adopt the combination of normative analysis and empirical analysis and case study research method. The object of study covers the main financial forms. This paper has high application significance on the research of fittness with combination between the industrial capital and financial capital on central enterprise.