Research On Deepen Combination Between Industry And Finance Of SPG Company Limited

This paper focuses on the study of the deepening path of the combination of industry and finance in SPG power grid company.The theory of the combination of industry and finance,which refers to a company operative mode that industry and commerce try to penetrate,cooperate and integrate with financial industry through capital,equity and personnel,has a long history in the world.The combination of industry and finance has become an important direction of business strategy and operation development for enterprise groups nowadays.In recent years,under the background of deepening and promoting the reform of electric power system,SPG power grid company is confronting severe operating pressure and is in urgent need of seeking transformation and upgrading of business model in order to achieve new profit growth points.At present,some bench-marking enterprises in energy industry has explored relatively successful mode of the combination of industry and finance.Power grid companies can learn from the successful experience of these bench-marking companies by combing their core position and advantages in the electric power industry chain,so as to deeply intervene in the financial industry,vigorously develop the financial industry,explore the integrated development of industry and capital operation in line with their own realities.From this idea,this paper,on the basis of related theories of the combination of industry and finance,makes a preliminary discussion and analysis of the combination of industry and finance of SPG power grid company.At first,the paper gets to the topic by clarifying muti-dimensional influencing factors such as the macro environment,economic policy,industry change and enterprise resource endowment,in order to explain the significance of deepening the integration of industry and finance in SPG power grid company,as well as clarifying the concept,model and effects of the combination of industry and finance by sorting academic research literature;secondly,try to understand the internal mechanism of the combination of industry and finance through summarizing the theory of enterprise value,the theory of enterprise resource,the theory of synergistic effect and theory of enterprise internalization,so as to provide a scientific direction and guidance for the analysis and solution of the problems of the combination of industry and finance;thirdly,this paper clarifies the current situation of the combination of industry and finance of SPG power grid company and analyzes the main problems existing at present;then through analyzing the successful experience of domestic and foreign bench-marking companies,such as GE,China Resources,Shenhua and State Grid,summarizing their advantages and highlights,sort out the reference and inspiration for SPG power grid company ’ s future improvement of industry-finance integration;at last,combining with theoretical research and bench-marking practice experience,the paper puts forward solutions to improve the combination of industry and finance,such as improving the layout of financial sector,promoting asset security,financial leasing,industrial fund business,vigorously developing supply chain finance and establishing a dual talent training system.This paper tries to explore the deepening path of industry and finance which is in line with its own characteristics by analyzing current situation and problems of the combination of industry and finance of SPG power grid company,and combining with theoretical research and bench-marking experience,to strive to clear the shackles in the way of transformation and development.While the reform of State-owned companies in special period,this paper can be used as a reference for central enterprise groups which are in the early stage of the combination of industry and finance and are facing the transformation problem.