Treasury Cash Management Problems And Countermeasures In China

Since 2006, our treasury cash management has made some progress and effectiveness. But there are also many problems, including laws and regulations, budget management system, financial markets and the management responsibility of the main building and many other issues, which is China’s treasury cash management policies, systems, ways to develop and improve the composition of different degrees influence, and thus directly reduces the efficiency of treasury cash management.Treasury cash management experience from the international point of view, a sophisticated management system, to reduce the cost of the treasury, treasury improve operational efficiency will play an important role, the role of which the single treasury account treasury collection and payment system to improve cash management system construction can not be ignored. Through a single account system, treasury cash management body or in a timely manner can grasp every government cash balances, to achieve a more accurate cash flow forecasting, cash flow forecasting mechanism in order to establish a reasonable guide the operation of the library end funds.Maturity treasury cash management needs a good operating environment, which requires the financial sector in close collaboration with the central bank, and then the full realization of treasury cash management objectives. Ensure that the treasury to pay, while achieving treasury minimize idle cash balances and to fill the funding gap, the maximum possible use of treasury cash increase efficiency, maximize the benefits of public funds under the premise of protecting security. In the cash flow projections, the majority of countries have set up between the financial sector and the central bank a close cooperation mechanism, with the close collaboration of both parties, to provide a good environment for the treasury cash management operations. From the mode of operation, the world treasury cash management cash management based on cash flow forecasts, is gradually adopt a positive, diverse mode of operation, such as short-term debt, repurchase or reverse repurchase treasury, central bank deposits, actively operating stronger, easier to achieve management objectives.Based on the research status of treasury cash management development, the analysis pointed out that the country treasury cash management in construction, operation and management efficiency problems in the protection mechanism. And learn from the experience of developed countries, from construction to improve treasury cash management system and mechanism, rich treasury cash management tools to enhance the coordination of fiscal and central bank, and steadily push forward the local treasury cash management, etc., put forward relevant proposals.Due to different national political, economic system, our treasury cash management operating in other countries learn from the experience, should be fully integrated with our country, from the design of the system, the level of management concepts, targeted selection and absorption. First, we must define the treasury cash management position, determine the responsible management of the main focus is to establish a set of operational procedures and regulations. At the same time, should further promote the reform of the financial collection and payment system, and gradually establish a treasury single account, to ensure timely and accurate treasury cash flow forecast. Secondly, in order to guarantee efficient conduct treasury cash management, treasury cash should actively expand investment channels, based on the strengthening of the financial markets, and continuously enrich the treasury cash balance of investment and financing tools, while ensuring security for an increase in treasury funds to provide adequate means of income. Third, we should further strengthen coordination mechanisms for the financial sector and the construction of the Central Bank, in decision-making mechanisms and working mechanisms to fully cooperate with each other treasury cash management and monetary policy to ensure the healthy development of job security. Finally, we should explore the scope of treasury cash management, and steadily promote the local treasury cash management.