| With the establishment of China's market economy system and the continuous deepening of economic system reform,many large-scale enterprise groups have emerged and become increasingly important subjects of social and economic activities.The rational use of funds in this development process has gradually become the direction of corporate research.Funds are crucial to a company,like the blood of a company,and it surrounds the production,management,and management of a company at all times.At present,the economic development at home and abroad is gradually improving,but external financing is subject to great conditions.For companies,how effective the management of internal funds is related to the future of the company.However,the real economy,especially the nature of large-scale group companies,can effectively use existing funds to cope with risks and centralize the management of funds.This is a test of the ability of companies to cope with risks.After long-term practice and application,the company has found that the “cash pool” model is one of the most effective methods for corporate fund concentration after a comparative analysis with the traditional centralized fund management model.It can timely grasp and effectively monitor the use of internal funds and balances.In the case of the company's strategic plan,it concentrates the remaining funds of the member units,which can effectively mobilize the remaining funds and realize the redistribution of funds.This can change part of the external financing into internal financing and accumulate funds among the member units.Reducing the reliance on banks can effectively increase the efficiency of the use of funds and reduce the company's financial expenses,thereby giving play to the overall scale advantages of the enterprise groups.The establishment of China's enterprise groups was relatively late,and the subordinate enterprises of the Group implemented more independent management and decentralized management of funds.At present,China's experts in the study of the “cash pool” model for centralized fund management mainly rely on the absorption of foreign research results to conduct theoretical studies in their own countries.Due to the limitations of some objective factors,the actual case studies of Chinese enterprises are currently relatively inadequate,and the summarization of his experience and the study of problems in the implementation process are also rare,which has brought the focus to the future research direction.CNPC was one of theearly adopters of the “Cash Pool” model.It relied on the Group's resources and a wide range of businesses to take the lead in adopting the “Cash Pool” model for centralized management of funds,and the efficiency of the use of funds was achieved.Promote.However,during the application of the "Cash Pool" model,there are still some problems that need to be solved and improved.The purpose of this paper is to analyze in detail the factors in which CNPC uses the "cash pool" model for centralized fund management,and by introducing the background of adopting this model,to fully understand its current situation and evaluate the effectiveness of its implementation.A series of indicators find problems and finally improve them.So that more companies in their own management can effectively learn from and learn,thereby improving the company's capital use efficiency,saving financial costs,improve the company's competitiveness in the market.This article mainly adopts document data method,comparative analysis method and case study method.Through research and drawing on domestic and foreign theoretical and practical cases,the current problems in the practical application of CNPC are studied,and targeted recommendations are made.Out of the conclusions of this article.The centralized management of funds in the “Cash Pool” model is fundamentally aimed at strengthening the overall management of funds by enterprise groups,changing external financing into internal financing,reducing the company's financial operating costs,and monitoring the cash flow through the bank's information network system.Use to meet the manager's financial control objectives.However,due to the actual situation of each company is not the same,in the actual application,but also need to combine their own industry,according to the company's main business,the daily flow of funds to targeted applications,in order to achieve the desired results.This article describes in detail the practical application of PetroChina's "Cash Pool" model,understands all aspects of company management,and provides certain suggestions for optimizing the company's fund management. |
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