Research On Centralized Capital Management Of HNA Group Co.LTD

Capital is the "blood" of enterprise operation and the root of enterprise survival.A business will be closed for lack of capital,but not bankrupt for temporary losses;Because profits are manageable,high margins do not equal high returns on capital,so nearly 80 per cent of Chinese bankrupt companies are likely to be profitable.With the rapid development of the market economy and the gradual expansion of the scale of some enterprises,the original capital management mode of enterprises has not adapted to the reform and development,the construction of internal financial capital management system gradually lags behind,and financial risks gradually appear.In seeking solutions to the increasingly obvious problems of capital management,the idea of centralized capital management has quietly emerged.At present,many large group companies at home and abroad generally adopt centralized capital management,through centralized capital or asset management,uniformly allocate funds,increase the utilization rate of funds,timely monitor and control the capital flow direction of member units,so as to prevent risks.Therefore,the research on centralized capital management is of great significance to the financial risk management of the group company.HNA group co.ltd is a large airline company.Since its establishment,the group has been constantly annexing and purchasing various domestic and overseas assets,and its scale has grown from a few hundred people to a large multinational enterprise with hundreds of thousands of people.Over the past 25 years,HNA group has experienced various glories and expansions,and has also been saddled with huge bank debts.In 2017,HNA group sold nearly 40 billion assets to resolve its debt problems,showing a strong determination and fortitude.To be sure,it is wise for an enterprise to survive when facing problems.HNA group has been rapidly expanding in recent decades,merger and acquisition,high-speed operation of capital,making it grow rapidly and become a world-class enterprise.However,all kinds of debt problems at the same time also show the difficulties that HNA group is facing.Introduction and analysis of the current situation of HNA group,this paper combined with the actual situation,major airlines at home and abroad for reference,the fund management experience,in view of the HNA group fund management problems of the optimal path and management Suggestions,improve and perfect the through cash flow as the core of budget management system,establishing professional group fund management center,set up the way such as capital resource information sharing platform,improve the methods of funds centralized management of HNA group,put forward feasible Suggestions and solutions for the enterprise future development.