Financial Risks And Control Measures Of Public Universities In China

Since1999, the Ministry of Education proposed a "21st Century EducationRevitalization Action Plan", college started enrollment, to achieve a popularization ofhigher education, to meet the demand for higher education of the masses of the people,adapt to the situation of the economic and social development."Higher Education Lawof the People’s Republic of China under the legal personality of public institutions ofhigher learning in China, finds its school autonomy, the same time, China’s publiccolleges and universities also bear corresponding civil liability to by risk managementinto risk management. Diversified funding, public colleges and universities in Chinathe proportion of self-financing share of funding for the school growing, but becauseof public colleges and universities school funding has always been mainly to financialallocations, Revenues and reduce expenditure of funds lack of attention, awareness ofprevention of financial risks is weak, if there are problems in the operation of thefunds, public colleges and universities are in financial danger. Therefore, colleges anduniversities in order to adapt to this new financial management environment, tocontrol financial risks, should reform the structure of financial governance, improveinternal control system, improve risk awareness, and ultimately to achieve thesustainable development of colleges and universities.The paper is divided into six part, chapters4and5are core chapters. Chapter Iintroduction. First, we introduce the background and significance of the PublicInstitutions of Higher financial risk and control countermeasures research, elaboratedChina’s public colleges and universities in the economic environment and policyenvironment, and pointed out the significance of this study; second, introduced themain contents of this paper, research methods and research ideas; third, elaboratedinnovation of this paper. Chapter II, research status and theoretical basis at home andabroad. Discusses the college financial risk in the research status, introduce the basicconcepts and theories related to college financial risk, to lay the theoretical foundation for the below-depth study. Chapter III, financial Management status quo ofUniversity in China.and describes the status quo of China’s college financial riskmanagement. Analyzed university financial management model, financialmanagement structure, the economic responsibility system and financial leadershipsystem and etc. Chapter IV, the origin and type of college financial risk. First,introduce the college financial risk classification, then describe the reasons for theformation of the college financial risk from both internal and external. Chapter V,college financial risk control measures. Against the causes of the university financialrisk of above,this chapter proposed countermeasures to control college financial risk,mainly focuses on three aspects of government, banks and universities. Chapter VI,the full text of the summary, and pointed out the inadequacies of this article.