The Research Of Combination Between Industry And Finance In Tangshan Ceramics Group

The world economy today has entered an era of big groups and companies.Rivals in competitions is changing from nations to enterprises. Statistics shows thatnearly 80% among the top 500 enterprises have, to some extent, accomplished thecombination of industrial and financial capital. When carrying out the strategy ofdiversified economy, big enterprise groups develop and grow successfully and rapidlyin the mode of combining the industrial and financial capital, which is also theinexorable trend in the global economy. With the gradual open-up in financial area,Chinese enterprises are all facing a new problem, that is how to enhance the force ofcompetition through the combination of industrial and financial capital, thus creatingmore surplus profit for their enterprises. Through studying Tangshan CeramicsGroup's application of combining industrial and financial capital under the strategy ofdiversified economy, the author proves the necessity of such application and thenecessity of establishing the finance company of the whole group to support theapplication. The author also suggests that enterprises should make use of their presentconditions to set up financial strategy, make assets floating smoothly and broadenchannels of financing by using appropriate financial tools. The article begins withTangshan Ceramics Group's strategy of seeking development in financial industry,studies the Group's combination of industrial and financial capital on a microcosmiclevel and also suggests the available financial tools in realizing the combination. Itoffers the reference materials for the Group's future development in industrial area aswell as financial area.