Research On The Content And Effect Of The Centralized Fund Management Of Sinopec Finance Company

In recent years,the speed of economic growth in China has been accelerating,the scale and quantity of enterprise groups are growing,and the demands of each group on the capital management of themselves and their respective member units are higher.At this time,the financial company of the group came into being.It can make use of its own financial advantages,carry out the management of the fund flow of the group and the members of the group,and arrange the idle funds reasonably.Therefore,it is very important and meaningful to study the centralized management of financial companies and put forward suggestions for improving fund management.Based on the transaction cost theory,the internal capital market theory,the principal-agent theory and the theory of integration of production and financial integration,the paper selects the Sinopec financial limited liability company as the case study division by referring to the centralized management of funds at home and abroad and related literature of the financial companies.First of all,it analyzes the current situation of the company's centralized management of funds,including the basic situation,the goal and the general idea,the content and function of the centralized management of funds.Secondly,according to the industry characteristics,the "enterprise performance evaluation method"(2016)and the previous research results,from the financial and management of the two aspects of the financial and management of the centralized management of the financial company,the effect of the evaluation system,including financial indicators including profitability,business growth,property quality and solvency,management indicators include The group contribution,the operation process,the learning and the growth,and the analytic hierarchy process(AHP)to determine the weight of the related indexes.Finally,the comprehensive evaluation and calculation are carried out by the efficiency coefficient method and the expert scoring method,and the overall evaluation score is obtained.According to the results of the evaluation,it finds out the problems of capital collection,budget execution and assessment,risk control,information level and talent team,and further analyzes the causes of the problems.In view of the existing problems,we should actively face the new economic situation and enhance the ability of service management;improve the degree of capital collection and the assessment system;perfect the fund management system and increase the implementation of the budget;improve the risk monitoring system and the awareness of the employees'risk;update the management platform of the funds and improve the information service level;strength the construction of the talent team,and increase the senior professional talents to further improve the centralized management of the capital of Sinopec finance company.