Research On Internal Control Optimization Of Industrial Investment Fund Business Of K City Investment Company

In recent years,a lot of industrial investment funds have been set up by local governments and state-owned enterprises in order to improve the efficiency and profit of state-owned capital investment and further play the positive role of state-owned capital in promoting local economic development,promoting local industrial structure agglomeration and transformation and upgrading,and promoting innovation and entrepreneurship to enhance core competitiveness.As a special state-owned enterprise,City Investment Company shoulders the important task of local infrastructure construction and industrial guidance,and needs market-oriented transformation after being cut by the government credit endorsement,and the establishment of industrial investment fund is an important measure for City Investment Company to carry out market-oriented investment.It is under this background that K City Investment Company set up a wholly-owned subsidiary,X Fund Management Company,which applied for a fund manager license,established a corresponding management team,set up a parent fund under the independent management mode,and participated in the establishment of various sub-funds by adopting the entrusted management mode.Firstly,this paper summarizes the concept,characteristics and main operation process of industrial investment fund.By referring to the internal control management experience of other similar enterprises in the same industry,and mainly based on COSO internal control framework theory and principal-agent theory,it comprehensively reviews the current situation and problems of the internal control system of industrial investment fund business of K City Investment Company.And the causes of various internal control problems are summarized and analyzed as the lack of market-oriented operation concept,lack of external supervision,senior leaders do not pay attention to the construction of internal control,system construction is not sound,personnel structure is not reasonable,policy guidance leads to control activities difficult to fully implement,centralized management mode and business characteristics and development goals do not match.In view of the causes of the above problems,this paper draws on the relevant theoretical research and the advanced practical experience in the industry,and put forward the corresponding optimization strategy within the company one by one..The internal control environment optimization strategy is mainly to clarify the market-oriented operation concept,accelerate market-oriented transformation,improve the governance structure by introducing external directors and external supervisors,improve the internal personnel allocation by market-based recruitment of fund business managers and business personnel,enhance the work enthusiasm of employees through performance mechanism reform,and establish a follow-up investment mechanism to prevent principal-agent risks.The risk assessment optimization strategy is mainly to strengthen the risk control awareness,adjust the structure of risk control personnel,and clarify the responsibility of risk assessment.The risk audit control committee of the Group is directly responsible for the overall planning of related risk assessment and risk response work,and specifies the standards and circumstances of commissioning a third party to do due work to provide further work guidance for the risk assessment work.The optimization strategy of control activities is mainly to improve the related system construction of fund projects,strengthen the advance planning of business,at the same time,it is proposed to increase market-oriented operation projects,and establish a hierarchical decision-making mechanism according to the characteristics of the business,so as to improve the investment efficiency and the degree of market-oriented operation.In terms of information and communication,audit and supervision,it mainly puts forward some optimization strategies,such as introducing investment management system,establishing regular communication mechanism,strengthening supervision function of Party committee and improving accountability mechanism.In order to ensure the smooth implementation of the aforementioned optimization strategies,this paper provides personnel,system and policy safeguards from the external environment of the company.It is hoped that the research of this paper can Provide a comprehensive improvement path for K City Investment Company to improve the internal control management level of industrial investment fund business.,and provide certain reference for other city investment companies to carry out industrial investment fund business.