Research On Financing Effect Of Fund Centralized Management On Group Company

With the rapid development of commodity economy and the boom of corporate's merger and restructure in recent years, the Group Company Operation Model has become a senior business development style under modern economy, which often form a multi-level, three-dimensional organization structure with shares or property as a link, to enhance the capacity of the Group's overall operating; but meanwhile, as its size and geographical scope becoming bigger and bigger, the organization structure and business field becoming more complex and diversified, the Group's internal management has also encountered a number of outstanding problems, especially the Group's fund management and financing, so how to solve this realistic dilemma puzzled many business man.From the majority of group companies' actual operating situation in china, which widely exist the following phenomenon:inefficient use of fund, poor internal fund scheduling, unreasonable fund configuration, as well as poor innovation and inadequate management in using internal and external capital market for financing, etc. Therefore, the main purpose of this study is to deeply probe into and analyze the exclusive financing function of group company, and finding the theoretical support. The author will discuss the different operating models and research the intrinsic cash flow characteristics under centralized fund management in group company, and to provide financing solutions for its potential fund risk gap, by this study the article hopes to seek the alternative financing channels and methods for improving the group company's fund management level and financing efficiency, furthermore, to optimize the group's overall fund-chain, strengthen the group's ability to use the internal and external capital market resource, reduce the risk and cost of fund management, and finally to create the group's integrated advantages for financial competition and resource aggregation. Therefore, this article has certain practical significance.The whole paper consists of four parts:the first part, based on analyzing the present situation of domestic and foreign research and practical needs, the author has put forward the exclusive financing effect theory of founding group company, ie group company's financing effect theory, which lays a theoretical foundation for the whole discussion. The second part, combined with the subject matter, this part mainly focuses on financing effect of fund centralized management in group company, which analyzing and discussing the system and characteristics of fund management, the connotation of centralized fund management, and the financing utility under centralized fund management. The third part, which is the main body, it focuses on the group companies' main operating model and key points of centralized fund management, and deeply analyzing the fund-chain's intrinsic nature and potential fund risk gap in moving, also the author will discuss the entire process of bringing group company's financing effect theory into practice. The four part is the last, combined with actual needs, and based on the theory preparation and operating model's analysis, the author concludes and summarizes the obstacles we are facing at current stage on the road of implementing our country's companies' group operating, centralized fund management and using the internal and external capital market for financing, and meanwhile proposing the solutions and countermeasures for killing these troubles.