Elementary Discussion About National Capital Investor's Financial Management

The loss of national capital has been a negative example of our economical reform and macro-management. This dissertation, using the theory of agency by agreement to analyze the reasons for national capital losses, points out that the primary reasons for the loss of national capital are the problems caused by diversified proxy, which exists in our national capital trust-proxy. These problems, such as target deviation, absence of supervision of the proxy's behavior and irrational salary regulations, prove that the strengthening of the national capital investor's financial management can effectively prevent the loss of national capital and, furthermore, give advice on how to strengthen the financial management of the national capital investor.Firstly, concerning the conservation and appreciation of national capital, this dissertation states that the conservation of capital refers not only the conservation of the initial capital itself, but also to the basic appreciation of the initial capital. This means the risk-free profit counted in the rate of the state treasury bond, and that the appreciation of the capital includes both tangible appreciation and intangible appreciation and designs a check quota system combining financial evaluation quota and non-financial evaluation quota, quantity and quality on this basis to bind the manger, and works out an annual salary system and a system of stock options and managers holding stock to encourage the manager and lead the manager and the investor to a common target.Secondly, inner control systems and the budget management bonding system should be improved and the cost and expense management should be strengthened. This dissertation points out that the most important task of internal audit is aimed at the drawback of management and control, and producing constructive advice and improvement measures to reduce the risks caused by invalid inner controls.Finally, the business financial supervision system of national capital investor should be improved. New ways to strengthen the state auditing system of national capital in market economic system should be explored and the chief financial inspector designation system should be improved. At the same time, in order to improve the market supervision system, this dissertation suggests establishing real trustees of audit contracts, fulfilling the trade principle of "who to trust, who to charge", improving the medium agents of the CPA, pushing the reform of the system in accounting offices and fastening the popularity of partnership in accounting offices in order to increase risks and improve the auditing quality.