Research On State-owned Business Groups Finance Governance Of China

Financial government in state-owned business groups is an intersecting field which covers three subjects, corporate government, business organization and government finance. Because SOBGS in China is undergoing an economic system change, opinion has taken on a stronger current meaning. Economic system change in China effects changes to the exterior environment of existing businesses. Because of this, corporate governance is being introduced into China. However, the economic systems of western ountries are more stable; the structural arrangement of corporate government being more mature, they do not devote so much energy to research of finance governance structure. After the corporate governance system has been introduced into Chinese business, it cannot be acclimatized. The governing organ is nominal, and the ability of machinsm is weakened. Therefore, scholars in China are beginning to focus on how to introduce a system which can increase the efficiency of corporate governance, so that financial government becomes more normal and more manageable, eventually becoming the kernel of corporate governance in Chinese business. The gradual rise and fall of theoretical research in financial government is a creative theory with which Chinese scholars inspect business finance in the environment of economic change.Viewedagainst the backdrop of special Chinese national conditions on the scene of economic change, we choose from the angle to build a whole frame. The kernel of financial government is to solve the issue of property rights allocation. It is essential to distribute property resources between each instance. Simultaneous intellectual and market economy deveolopment means that traditional view of accouting cannot explain already the issues of modern business particularly in encouraging owners after the effects of economic change in China. Therefore, such things as property rights, human capital and so forth go into the realm of research. Property rights it self is also a kind of resource; owners invest human capital into businesses, which belongs to business earnings, it is a basis of encouraging owner system.Seen in the light of historical development, the features and present situation of SOBGS, we believe that the rise of SOBGS is an inevitable result of the economic reform in China. Future achievement and development is of important significance. SOBGS depends mainly on the urging of government administration, which is a congenital flaw in the form of organization, industrial structure and management system etc., restricting the development of itself. Its development must depend on grouping management, it is an important means to perfect the structure of finance governance.Theoretical research and practice prove that business groups have synergetic economic effect. The former research paid more attention on scale economic, but intellectual economic development and the special growing process decide that the function of synergy is much outstanding. Synergy economy arise from an reasonable system arrangement. Itself is a creative system that SOBGS perfect finance governance structure, therefore it is possible toraise economic effect and profit. Through the analysis of finance governance and synergy ability, we put forward that finance governance is an important means to make synergetic functions work, the design of finance governance system aims to realize the whole synergy in the business groups.To probe the means of finance governance, the accounting rule, earnings management namely accounting norm is an important part of exterior finance governance but that is an important content to implement in the business groups; from the angle of raising effect and profit of corporate governance, we put forward strategy. In this article the author discus interior earnings management, accounting policy selection, encouragement, achievement check and evaluation in the business member ect., the main purpose is to realize coordination in the interior finance governance. Finally, after analysing an issue how to choose finance governance and accounting organization model, we belive that a scientific and reasonable accounting organization design should be suitable for finance governance requirement, and reflects suitably corresponding relationship with each instance on power and responsibility.