Research On Financial Risk Management And Control Of Central Construction Enterprises Under The Background Of PPP Project

The construction industry is one of the pillar industries in China’s national economy.With the rapid development of the real estate industry,it develops vigorously.The industrial scale and output value are rising year by year.With the continuous change of domestic investment and financing system,more and more infrastructure and public services projects have been transformed into PPP mode.Central enterprises actively adapt to the reform requirements and actively participate in PPP projects,from the original construction to participate in investment,financing,construction and operation.Therefore,the shortcomings of the construction central enterprises are gradually emerging.Due to the large amount of investment,long return cycle,new policy documents and other factors,the risk of the central enterprises participating in the PPP project has been increased.In addition,the imperfect laws and regulations,weak management foundation of the construction central enterprises,excessive competition among other construction enterprises,high financing costs.Enterprises and other factors have led to a series of drawbacks such as slow development of central enterprises.Under this background,the financial management strategy of central enterprises of construction is particularly important.According to the development concept,characteristics and actual situation of the enterprise,the financial management strategy coordinated with the enterprise development strategy is formulated.This paper takes BJ Company,a typical representative of large-scale central construction enterprises,as the research model.On the basis of establishing the enterprise objectives and the overall development direction of the enterprises involved in PPP business,the financial objectives of BJ Company are studied.The external environment of the enterprises is analyzed from macroscopic and microscopic aspects.The external environment and internal environment of the enterprises are taken into account.Based on the environmental analysis,this paper makes a comprehensive analysis of the advantages,weaknesses,opportunities and threats faced by enterprises,and provides specific codes of conduct for financial strategy.It is divided into the following six parts: The first part mainly introduces the research background,purpose and significance of this paper.At present,finance is studied at home and abroad.Strategies,and China’s financial strategy of central enterprises,research content,research framework and research methods.The second part mainly introduces the theoretical basis of BJ company’s financial strategy.This paper introduces the basic contents of financial strategy theory,enterprise core competence theory and enterprise life cycle theory,and analyzes respectively the relationship between enterprise strategy and financial strategy,the relationship between core competence theory and life cycle theory and financial strategy.The third part mainly analyzes the internal and external environment of BJ company.Including macro environmental analysis,industry analysis,internal analysis,SWOT analysis of BJ company.The fourth part mainly introduces the choice and formulation of BJ company’s financial strategy.Firstly,it determines the enterprise’s strategic objectives and financial strategy positioning.Then it formulates financing strategy,investment strategy and asset management strategy according to the specific situation of BJ company.The fifth part is BJ company financial strategy implementation control and effect expectation...