Research On Centralized Management Of Funds In Petroleum Finance Company

Funds are the blood of the enterprise, centralized management of funds is an important means of the Group companies to strengthen financial management. At present, the finance company is a main mode of the enterprise groups to carry out centralized management of funds, and centralized management of funds has become the finance company's core business to exist and develop. With China's accession to WTO, foreign advanced management concept and management experience in finance with the international banks enter China, the finance company business'centralized management of funds is facing new opportunities and challenges. How to overcome the deficiencies of the finance company caused by our financial policy and financial system, to seek development in the competition, becomes the real problem faced by financial companies. Since the inception of Petroleum Finance Company, the centralized management of funds business focused on the rapid development, However, compared with international advanced companies, there are still many deficiencies in the centralized management of funds in Petroleum Finance Company.Firstly, this paper introduces the two essay writing basic theories, financial management theory and centralized management of funds theory, to pave the way for the in-depth study of the following centralized management of funds in Petroleum Finance Company. Secondly, it takes Petroleum Finance Company as a typical case to study it's situation and existing problems of centralized management of funds in position, business innovation and risk management. Meanwhile, it analyzes the reasons that cause the issues of Centralized Management of Funds in Petroleum Finance Company from the macro and micro perspective, as well as the development of CNPC and its own adverse effects; Thirdly, the International Finance Corporation's development trends and characteristics are introduced, analyzes the advantages of financial companies Siemens and Volvo Financial Services in position, business development and risk management, sums up the centralized management of funds of foreign financial companies advanced experience; Finally, for the actual situation of Petroleum Finance Company ,combined with the advanced experience of the international financial companies, proposes to solve the problem of centralized management of funds and appropriate measures in position, business innovation and risk management. Research on centralized management of funds in Petroleum Finance Company is a useful attempt to the management business model and development strategy for the future, with the double meaning of theory and practice.