The Research On The Capital Operation Of LianYunGang Port

Capital operation,also known as Capital management,makes the efficiency of all tangible or intangible assets maximization through a series of operations.The core idea of capital operation emphasizes the movement of capital and value-added, and profit-maximizing.On the basis of effective product operation, enterprises should use all favorable conditions and advantages to explore and study various forms of capital operation actively, carry out capital operation using the reorganization and integration of enterprise resources as the content,using association, merger, acquisition, holding and other means as the tool.With the development of economy globalization and market internationalization, capital operation plays an important role in the development of enterprises.As the carrier of the capital, how to manipulate capital operation, how to optimize the allocation of resources, is having positive effect to enhance the value of the enterprises.The management system reform of the ports which has transfered the management power to enterprises and separated government functions from enterprise management, has raised a new round of competition among the ports.Each major port enterprise is making full use of their financing platform and carrying out a series of capital operation activities at this critical stage.With the development of economy globalization and market internationalization, capital operation plays an important role in the development of enterprises.As the carrier of the capital, how to manipulate capital operation, how to optimize the allocation of resources, is having positive effect to enhance the value of the enterprises.The management system reform of the ports which has transfered the management power to enterprises and separated government functions from enterprise management, has raised a new round of competition among the ports.Each major port enterprise is making full use of their financing platform and carrying out a series of capital operation activities at this critical stage.The Jiangsu coastal areas development planning with the Lianyungang Port as a leader which has been passed by State Council in June 2009 has made Jiangsu coastal development ascend to a national strategy officially. As the main hub harbour and Container artery harbour and the most convenient harbour for the Midwest, in the context of policy support increasing, Lianyungang Port will develop quickly.The listed company of Lianyungang Port as a platform for capital operation has began a series explorations on capital operation.This paper introduces the concept and the basic mode of capital operation firstly, and reviews the developing process as well as the main form of capital operation briefly; This paper lists Lianyungang port as the research object, points out the main form of carrying out capital operation, analyzes its management and capital status systematically, measures the capital operation status from the four angles of the kinds of goods and the cargo throughput, the main business income,assets status and the profit status respectively. This paper summarizes the experience of capital operation from above basis, and presents the shortcoming and the encountered problems in the capital operation. This paper makes some suggestions about the capital operation of Lianyungang port including the choice of the optimum model of capital operation and the usage of optimized tactics in the basis of the grasp of the basic capital operation status of Lianyungang port. This paper also make some suggestions on the optimized capital operation program focused on the objection of a bigger and stronger Lianyungang port.