Research On Fund Management Mode Of Diversified Enterprise Groups

With the continuous advancement of the mixed-ownership reform of state-owned enterprises(hereinafter referred to as "mixed-ownership reform"),some large state-owned enterprise groups have begun to centralize and integrate resources around their core industries.On the one hand,the acquisition of business related private listed companies to expand the industrial chain;On the other hand,the establishment of joint ventures with foreign enterprises to improve the level of technology.In this process,more and more state-owned enterprise groups will gradually develop towards the direction of diversification,including subordinate enterprise property rights diversification,business diversification.Due to the large number of subordinate enterprises under the jurisdiction of these enterprise groups,their businesses are different and geographically dispersed,which makes it difficult for enterprise groups to centralize the management of funds and other financial problems.This paper focuses on how state-owned enterprises manage the capital of enterprise groups effectively in the process of diversification.Starting from the present situation of W group fund management,using the method of qualitative research to analysis the questions and reasons.It is found that W group did not combine its own characteristics in the process of diversification to optimize the fund management mode in time,resulting in the extremely difficult development of its fund management.Therefore,this paper adopts the relatively decentralized capital management mode of "account concentration,supervision of revenue and expenditure,classified management and control",and puts forward some safeguard measures to ensure the success of the newly designed capital management mode according to the causes of capital management problems of w group function.Finally,this paper suggests that in the diversified enterprise groups,it is better to adopt a relatively decentralized fund management mode,which can be used for the management and control of subordinate enterprises by classification,and it is expected to provide reference for the fund management of other large state-owned enterprise groups.