Research On Financial Management And Control Of State-owned Capital Investment Companies

As the main part of the socialist market economy in China,the state-owned enterprises(SOE)can be said to be the main force to lead the development of our country's economy in the new era.At present,our country is restructuring and reconstructing state-owned capital investment operation company and is carrying out state-owned enterprise's mixed ownership reform.State owned enterprises are in an important period of economic transformation.As an important pillar of the national economy,state-owned enterprises are undertaking the important historical mission of optimizing the economic structure,accelerating industrial upgrading and participating in international competition.The development of state-owned enterprise groups has become the trend of economic development in the future.However,with the development and growth of state-owned enterprises,there are still many problems.Among them,the lack and deficiency of financial control capabilities become an important factor that restricts the development of state-owned enterprises groups.Therefore,building and improving effective financial control system,and highlighting the core role of financial control is the only way to improve the economic vitality of state-owned enterprises,which has a far-reaching impact on the development of state-owned capital investment and operation companies after rebuilt.In this paper,we used the restructuring and reconstructing of state-owned capital investment operating company alteration and mixed ownership reform in China as the background,introduced common financial management theory,financial control mode and the particularity of state-owned capital investment company and its influence on financial management and control,we also analyzed the control mode of the typical state-owned capital investment company.On the basis of the above analysis and induction,we selected the first batch of rebuilt state-owned capital investment company in S Province-L group as the research object.Considering the development situation of L group and the main financial management problems L groups faced since the conversion into state-owned capital investment company,we put forward the conclusion that L group should improve the group's level of corporate governance structure and operating mechanism,clear the basic principles of financial management control that group company has towards its subsidiaries,and clear the source of power and boundaries,reasonably separate the investor's finance and operator's finance,let financial control no vacancy,no offside,no dislocation,set up the L group's financial management system from several aspects such as the financial control environment,financial risk assessment,financial control,financial supervision and evaluation.The highlight of this paper is the effective combination of financial control and the current reform of state capital supervision.Managing capital is the main difference in financial management and control mode between the state-owned capital investment company and the traditional state-owned enterprise group.With the supervision mode change,state-owned enterprises will gradually bid farewell to the original way of supervision that manage people,manage business affairs and manage assets,the financial control mode that enterprise group headquarters has on its subsidiaries will also change,and the trend of the change will be the gradual adoption of indulging,managing,and obeying to exercise supervision.