Moderate Focus On State - Owned Investment Holding Group Financial Management

As China's international exchanges and cooperation with the increasingly is closing, competition among enterprises become more intense, "diversification" and "globalization" has become the only way for enterprises to grow. Because of lacking sufficient understanding for the different industries and different geographical members of the business activities ,group in order to intervene in the management of member enterprises are unrealistic. At present, as the main line of next-generation enterprise management idea ,centralized management of funds is quietly rising. Centralized management of funds to the achievement of the overall group profit maximization and cost minimization objectives, and strengthen corporate headquarters funds scheduling efforts. A short time, the enterprise groups in a number of conditions were not ripe, the blind pursuit of a highly centralized management of funds, after the discovery was not always possible to achieve the Group's management's expectations. To assist the Group of funds for business-to-effective centralized management, running really achieve capital efficiency, improve its efficiency in the use of funds must deal with better control of the degree of centralization and decentralization.At predecessors on basic theoretical research, drawing on existing practice and experience, this article attempts to present the state-owned investment holding group for the study to find suitable at this stage of its fund management model.This article is divided into five parts:PartⅠ: state-owned investment holding group related to introduction and theoryIntroduction of state-owned investment holding group characterized by the formation of the background and meaning, and then from the principal-agent theory, financial control system for three-dimensional structure of systems theory, equilibrium theory of financial control three aspects of fund management to focus appropriately on the basis of the theory, which leads to the reasons for and methods of analysis.PartⅡ: state-owned investment holding an appropriate focus on the reasons for the Group.Contains a moderate concentration of both the meaning must be determined on the one hand, concentrated funds, on the other hand, concentrated to reasonably conduct. This section is separated from both the focus and appropriate reasons. At the same time in the current financial crisis and national macro-control efforts to form a larger, moderately centralized management of funds of state-owned investment holding group it becomes all the more necessary.PartⅢ: State-owned investment holding group moderately concentrated Ways.Funds available through the introduction of management methods to compare various types of existing funds management differences, leads to capital settlement center management. Finally on the way how to improve the clearing house in order to achieve an appropriate focus.PartⅣ: K Steel Group and the A group of funds managed by a moderate concentration of casesK Steel Group in the formation of the process of clearing house-oriented, "2-8 Law", reflecting its focus on the management of moderate thought; A group drawn up three options: clearing house, the cash pool and finance companies, combined with their own analysis, finally consider Settlement Center model more conducive to centralized management of moderate groups. Both state-owned investment holding group moderately centralized management of funds from the role play.PartⅤ: Conclusion and outlookFor state-owned investment holding fund management groups to achieve an appropriate concentration, can rely on centralization of capital settlement and the reunification of the characteristics of the separation of powers, through the scope and progress of the grasp, centralized management of funds appropriately.Finally, funds settlement center for strengthening the effectiveness of methods outlook, the Group must be through the strengthening of budget management, the establishment of a risk adjustment mechanism and the degree of concentration of a timely manner, and promote Group management system integration and financial management.