| With the rapid development of World Economic and the coming of Information Economic Epoch, M & As (Merger and Acquisition) become more marketable, systematical and international with the development of ownership exchange market and stock market. The modes of enterprise capital management are versatile, including not only M & As between public listed enterprises, M & As between foreign enterprises and M & As between Chinese enterprises and foreign enterprises but also holding stock certificates each other, being main stockholders and recapitalizations. All these are effective. Now as China becomes a member of WTO and M & As' waves appear, our industry integration starts and develops rapidly. Chinese entrepreneurs must face how to manage capitals well to deal with the total overproduction, the lower level reconstruction and not-well recycling competition in many industries.A company will be the top one step by step. Its capitals must be well re-recycled and expanded by the "financing - investment - refinancing - reinvestment" mode. It will also adopt many capital management methods such as mergers, acquisitions, recapitalizations, jointed managements and strategic alliments. Capital management is a current management with the aim of more capital value added in modern enterprise system. Capital strategy becomes the core and the best choice of assets value added and being big Groups. Therefore, Hubei Chutian Expressway Co.Ltd ought to do more research on market, change conventional management ideas, establish modem enterprise management modes (capital management and production management are two sides of a coin), reintegrate corporate resources by "capital" efficiently, function the controlling interest effectively, create more profits, cultivate core competence, expand the scales of capitals amazingly and realize sustainable development.On the basis of above thoughts, the paper first analyses corporate management environments in detail through combined utilization of Economics, Management Science, Sociology, System Theory, Information Science and Mathematics. Then, It creates corporate capital management mode by Capital Theory. At last, according to deducible analysis and quantitative analysis, the paper manages to establish Hubei Chutian Expressway Co.Ltd Capital Management Performance System with the use of Balance Scores (BS) System (Robert. S. Kaplan and David. P. Norton). The paper also provides strategic methods on capital management. |
