| Content: From the nineties of 20th century,the wave of Chinese enterprise capital management is urging.A11 kinds of types are appearing one after another. The spread of capital management,as an important method of development and reform,also as an innovation of system,will contribute to the adjustment of economic structure,the best installation of resource.It is of great significance to enhance the competing power and to realize the converge of superiority.In recent years, the theoretical and practical class has unprecedingly focused on the research of capital management. The works are abundant, but most of them are just from macro angle to demonstrate. While works from micro angle are too rare. The objective of capital management is to realize the maximum of capital through the melting and split of productive gradient, the floating and best manipulation. That is the same to the objective of financial management.Financial management, in fact, is the management of capital. Most of the problems of capital management belong to financial problems. So, on the base of kinds of works and pieces, I finish this paper from the angle of financial management. I try to make rules for the financial working of Chinese enterprise.Now many managers are quite familiar with the production,while they are strange to the capital management.They are not good at deciding on the productive strategy and capital inflow according to the long trend of market.So many resources are laid out and wasted.The notion of capital management emphasizes on installing all kinds of productive gradients ,such as capitaU land^ technology through market machanism.This notion will help the managers change their thoughts and methods to market economics.It will also influence the development of enterprises very deeply.So,in my paper make a research from several aspects below:The definition of capital.The argument about capital focuses on the problem that, it is the capital of productive gradient,or the capital of social relation.In the eyes of entrepreneurs,capital is used to produce fortune,make profit,prosper the economics,and push the social development. Make sure of the definition of capital will better the understanding of capital management notion.The orientation of the financial objective of capital management. The maximization of the enterprise's value and the share-holders' wealth are the common accepted goals. The difference between the financial objective in America and in Japan is established. American enterprises often make financial decisions according to the price of the stock, while Japanese enterprises choose the maximization of the enterprise's value as a reasonable objective. These two countries have found ways to decide their financial objectives, which are suitable for their national situation. Now in China, the enterprise'sfinancial objective should be the maximization of the profit for the concerned.The financial host and target of capital management. The course of capital management is to obtain and give up the power of control continuously. During the course, the enterprise realizes the maximization of capital profit, the best installation of resource. So,how to make clear of the relation between assets and rights? The very important point is to ensure the right of assets of legal human. This problem is hard to solve in practices.Types of capital management.The types include capital expand > capital contract and the change of owning right.There are various types of capital flow you can choose .Whichever you choose you must get along with the system of market mechanism.And the biggest objective is capital efficiency.The cake of capital management must be make not only big,but also vivid and nutritious.Financing of capital management. Capital management is a transaction of assets power. The transaction involves in the paying and financing methods. Corporate financial theory indicates that the paying and financing methods will not only influence the capital profit, but also declare important information abou...
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