Comparison Research On Asset Management Capabilities Of ADM、Bunge And COFCO

Modern enterprise management is no longer a traditional small familybusiness, but social multi-agent joint operation. In the process ofmanagement, the operation process is multi-parties capital competes inbusiness, and ultimately all participates share the benefits. Theproduction and operation of enterprises can be seemed as a whole portfolio.The returns of the portfolio are the operational effects of the enterprise.The economic value of the operation can be represented as a profit, andthe business management ability is the ability of asset investment andmanagement. As beneficial to the people’s livelihood, grain enterprisesasset management capabilities are different to other industries. Studyon the asset management of grain enterprises can contribute to theprotection of grain safety of China.This paper systematically analyzes the international grain dealersand COFCO group status, focuses on the analysis of the international graindealers and COFCO asset allocation. Study on the dealers according to theactual situation and put forward the reaction measures. Study summarizesthe development of modern hedging theory. Through research on the assetinvestment situation of international grain dealers and COFCO group,summarize the international grain dealers and COFCO group’s assetmanagement results. And analyze international grain dealers COFCO groupand asset management capabilities by panel data model with interactiveeffects. Find out the influence factors which affect the asset managementthe abilities of grain enterprises. Through the comparison and analysisof influencing factors of Chinese and foreign grain dealers development,not only make suggestions for Chinese grain enterprises to enhance their value, but also provide policy advice for the government to support grainenterprises.Through the comparison analysis of the international grain dealers,Chinese grain enterprises should strengthen the construction of logisticssystem, improve the ability of integration of industrial chain, andincrease the financial assets investment to hedge the risks of stocksindustries. And the government also needs to provide policies to supportthe development of grain enterprises. Strengthen the construction ofcommercial credit system to reduce the enterprise credit risk. Guide thenon-state-owned enterprises to participate in the field of graincirculation to enhance the competitiveness of China grain market, toimprove their own strength to deal with the international grain dealers.Make good use of China’s dollar foreign exchange assets, provide financialsupport for China’s grain enterprises’ overseas business, to promote theinternationalization of grain dealing.