The Role Of Financial Holding Business In The Allocation Of Core Assets Of Enterprise Group

In recent years,many central enterprises have started to develop financial holding business outside the core business.Of the 101 central companies in China,81 have conducted financial services to varying degrees,accounting for 80.20 per cent of the total.In 2016,minmetals capital stock co.,ltd.was successfully listed as a listed financial holding platform after China aviation capital.In addition,petrochina group,the financial holding platform of China petroleum group,has been listed on the whole,and three gold control platforms have been listed on the curve.However,in 2015,the us general electric group,which was seen as a model of production and integration,announced it would divest financial assets and return to industry.The huge contrast caused us to think deeply about the road of developing financial holding business:financial natural with systemic and infectious risk characteristics,determines how it will be an undercurrent of the ocean.Is the central government vigorously developing its financial holding business,and is it thriving as it is in industry?The core research question of this paper is:what is the role of financial holding business in the asset allocation of central enterprises?Focusing on the core issue,the following three specific questions are studied:(1)what is the impact of financial holding business on the main structure?(2)how does the financial holding business affect the asset allocation of the central enterprise group?(3)what is the impact of the financial holding business on the value of the central enterprise group?The existing research does not clarify the specific impact of financial holding business on asset allocation,and most views are positive for the development of financial holding business.At present,many central enterprises are developing financial holding business.What is the impact of the development of the financial control business on the company's value?There is no clear answer to these questions.Therefore,the innovation points of this article is:from the perspective of financial holding business may not suitable for all state,state of our country financial holding business to study the role of asset allocation,to explore the support effect of the control of the business in the main gold,reveal financial holding business impact on the value of the company.There has never been a good case study targeting a certain listed company before,what's more,reseaches studying the efficiency of allocating resources are not yet.sufficient enoughThe following ideas are discovered through studying the case.minmetals development financial holding business,in terms of business structure,fubon financial business to provide financial services to core business,achieved with melt,forming a complete industry chain;In terms of capital allocation,the financial control business reduces the financing costs of the main companies and provides financial support to the main companies.In terms of company value,the gold control business has improved the asset securitization rate of minmetals group and promoted the company's value.Innovation points and application significance of this article lies in the fact that the development of financial holding business as a hot issue for the reform of state-owned enterprise,has a significant influence on asset allocation state group,through this case study will reveal that state's business group's core business of concrete action,to state financial holding group development business has a certain reference significance.