A Study On The Industrial And Financial Capital Combination Of Large State-owned Enterprises

From the development process of developed countries and the successful experience of large foreign enterprises,the combination is a kind of enterprise can effectively improve the utilization of funds and boost enterprises grow rapidly,and thus promote the beneficial attempt for the development of economy,so the combination has been highly concerned by the academic circles abroad.As China's economy has entered a new norm,economic development from inputs to innovation driven,and China is in a crucial stage of deepening the reform of state-owned enterprises,state-owned enterprises can succeed in the reform under the new economic norm,related to the economic system reform of our country and the final success.Further deepen the reform of state-owned enterprises is not only the center of China's economic reform,it is an important move to explore the driving force of economic development driven by innovation.Based on this background,to explore the combination can effectively promote China's large state-owned enterprises to take the initiative to adapt to the new normal economic development in order to achieve the further reform and innovation of industry and finance,has important significance to promote the sustainable development of our state-owned economy etc.Based on the review of domestic and foreign literature,this paper first selects A company as an example,introduces the A company's operating situation,the motivation and significance of the combination of production and finance.Secondly,summed up the three major effects of the combination of production-scale economies,economies of scale and synergies,combing the impact mechanism of the combination of production and financial integration on the development of enterprises.Again,according to the practical situation of A company,analyzes the A's combination of development predicament and its causes,results show that: there is the industrial and financial integration degree is not high,there is some blindness in the development of production and financial services,the development of financial service industry and easy to cause the financial risk conduction,two-way rigid employment system and risk supervision system has not been established in the five a problem of A company.Finally,this paper from the risk control,improve efficiency,steady progress,talent cultivation and innovation in the development of these five aspects should follow the A companies in the implementation of the combination strategy principle,and how to speed up the A company's production of financial integration process so as to realize the proposed five suggestions to leapfrog development the service industry as the center of gravity keep producing the coordinated development of harmony and reasonable long-term development planning,financial enterprises unique advantages of the combination of the specific design scheme,and constantly improve the combination of risk prevention mechanism,the introduction of market to promote the construction of professional personnel employing mechanism based on.