Research On Fund Management Of State-owned Construction Enterprises Based On Financial Sharing Center ——Taking X Company As An Example

With the gradual acceleration of engineering construction in China,the competition in the construction market is becoming increasingly fierce.At the same time,the country continues to maintain a prudent monetary policy,and the financing environment of enterprises is becoming tighter.However,the current construction industry generally has the characteristics of high percentage of quality assurance money withheld by owners and long construction period,which leads to the increasing difficulty of fund regulation and control.In this case,enhancing the ability of capital management has been a must for companies to survive in the fierce industry competition.In addition,most businesses have been gradually established their financial services by establishing financial sharing centers and embedding fund management in them.However,since China’s financial sharing center construction is still in the development stage,how to combine the financial sharing center and fund management,so that it can play its due function still needs to be studied,this article will be based on Company X as the object,its financial sharing center-based fund management to study.As a wholly-owned transportation financing holding subsidiary of H Provincial Government,X Company is mainly engaged in the construction of highways,tunnels and other infrastructure.In 2018,it began to become the first financial sharing center unit of the group to pilot the establishment,which is mainly engaged in the construction and development of infrastructure such as roads and bridges,the sharing center was put into operation in 2019 and the first phase of construction was completed by the end of 2021.As a large state-owned construction enterprise,X Company adopts the traditional fund management mode of fund settlement center to centrally manage funds.However,due to many subordinate units,scattered construction projects,extensive cost control,imperfect enterprise fund management mechanism and other factors,it objectively challenges centralized fund management.According to the current situation of the construction of the first phase of the financial sharing center,this paper provides the optimal design scheme of fund management based on the construction of the second phase of the financial sharing center for Company X.Firstly,this paper analyzes the common problems of state-owned construction enterprises fund management,and finds that there are some problems in the management process and financing channels.Then,it puts forward the fund management framework of state-owned construction enterprises based on financial sharing center from four aspects:fund management content,management mode,efficiency improvement path and effectiveness evaluation.Next,it analyzes the traditional fund management mode of X Company and its problems and summarize the status quo of the first phase of the construction of the financial sharing center,through quantitative indicators such as expense ratio,capital-liability ratio and qualitative indicators such as information integration,to study the role of the financial sharing center in the capital management of Company X.It can be found that the fund settlement center management mode based on the financial sharing center can establish a professional fund management system for the company,and provide efficient and high-quality fund services for the company through scientific budget,real-time supervision,unified control and strict examination of the company’s internal funds,optimize the company’s internal control and improve the company’s operational efficiency.Finally,in order to further improve the efficiency of capital management of Company X,the paper puts forward a fund management plan based on the second phase construction of the financial sharing center,and designs and optimizes the process from four aspects:fund budget management,fund control management,fund supervision management and fund assessment management.And the corresponding safeguard measures are designed to ensure the effective implementation of the whole process.