| In China, the State-owned Holding Companies, which are on the absolute predominance in key industries and field, have gradually become the main force of State-owned Property Management, economical growth,as well as international competition. Though financial governance is the core of the governance of State-owned Holding Companies, there are still some issues in the practical course, which are over-concentrated financial configuration, lack of financial motivation and constraint mechanism, and the vacancy of personification ownership.Thus it is very significant to analyze finance problems of State-owned Holding Companies by using finance governance theory.In this paper, It was specifically pointed out that finance governance has established the base for analysis. And the differences between corporate governance and finance management were introduced in this paper.The frame of finance governance was built by theory financial governance system. And the system included two components:finance governance structure, and finance governance mechanism, both of which influenced, promoted and limited each other. the problems existing in state-owned companies were ananlysed based on the finance governance frame, such as unscientific property rights of state-owned firms, imperfection of market system and legal system, as well as the financial governance structure, imperfect financial incentive, and restrictive mechanism, all of them had limited the efficiency of financial governance system.Some measures were proposed to perfect the finance governance system of China state-owned firms. Firstly, property rights in state-owned firms should be promoted, and the market system, as well as the legal system, should be perfected. Secondly, the shareholder meetings director board should be ensured. It was quite significant to build incentive and restrictive mechanism, as well as scientific financial layered decision mechanism, to guarantee the function of finance governance. |
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