Research On The Capital Management Of Chinese Enterprise Group Finance Companies

Since 1987,finance companies have experienced thirty years of development in China,in this process,the world economy has changed,the developed countries are undergoing structural adjustment.Through a long-term of stability and high speed development,China's economy has entered into the "new normal" economy.With the rapid development of the industry,the influence of the finance company is increasing.Under the new situation of the supply-side structural reform,the finance company as a financial institution rooted in business entities,is the most direct platform for financial supply-side structural reform,plays a more and more important responsibility in the implementation of the national financial regulatory policy,the service of economic development,the promotion of value of the enterprise group,and the service of the real estate development.Therefore,it is of great significance to find out the deficiencies in the capital management of enterprise finance companies and provide optimal management plan and policy recommendations through the study of the way and effect of capital management.In the second chapter,starting from the theoretical basis of the development of finance companies,I study its own attributes,and put forward four management mechanisms that need to be followed.They are industrial constraint mechanism,product innovation mechanism,compound pricing mechanism and strategic investment cooperation mechanism.In the third chapter,I analyze the development process of financial company of enterprise group,under this background,summed up the three modes of China's finance capital management company,respectively,the centralized capital management,investment and financing mode,supply chain management mode.The excellent application examples in the three types of management models are analyzed by examples.Then,I found the characteristics of the present status of capital management from the industry and regional distribution,ownership of the assets and liabilities scale,business performance,capital concentration and risk index.In the fourth chapter,the financial management status of the finance companies in the developed countries and regions of the United States,Britain,Germany and Japan is listed and analyzed.Compared with the differences in China,it is found that there are obvious differences in the purpose,the source of funds,the scope of business and the environment of supervision.Through the third and the fourth chapter's research,in the fifth chapter,we put forward that our financial company's fund management is faced with many problems such as single source of funds,low concentration,unreasonable asset liability structure,and product homogeneity.Combined with these problems,suggestions for improvement are put forward.With regard to the establishment and strategic positioning of the financial company's fund management system,One is building a system to strengthen the centralized management and integrated management,integrating global resources effectively.Second,follow the market orientation,combine the dual demand of business demand and market demand.Third,impose the differential development strategy.At the operation level of fund management,we should broaden the sources of funds,expand the scope of business,raise the level of fund collection,and build a powerful information management system as an important support.Then,I put forward suggestions on regulatory policy and release the vitality of finance companies by increasing the flexibility of supervision.The sixth chapter puts forward the conclusion of this study,and makes a prospect for future research improvement.