Research On Finance Company Operating Model Of Jiliang Group

The modern enterprise group financial control essence realizes the group value maximization, the concrete manifestation is three aspects: One, the weight and the determination enterprise group's fund required quantity, two collects the fund which the enterprise group needs, three is effectively uses enterprise group the fund. The fund just like the blood infiltrometer enterprise group each organization stratification plane, constituted the criss-crossed network movement network. Facing the multi- levels benefit main body, the complex financial control object and the fast changing power and responsibility advantage relations, maximum limit stimulates the enthusiasm, the creativity and the sense of responsibility which the group member enterprise manages manages finances, and in this foundation through the integrated financial strategy and the financial resources conformity reorganization, the realization and unceasingly strengthens the market the competitive advantage, impels the fund to continue the high efficiency movement, becomes the group financial control work the core. According to the modern enterprise group service multiplication,the management complication characteristic,has the reality to the group company and its the member unit finance implementation centralized management the necessity.The financial company took the enterprise group the financial window and the financial prop, are the enterprise group interior financial capital and the industrial capital fusion breach and the main growing point. Therefore, strengthens to the financial company's research,summarizes the multinational corporation to grow the financial company to operate the role which the rule and plays, will be helpful to our country major industry group's development.In world scope "financial company" the concept has generalized and division of the narrow sense. The generalized financial company is refers to outside the bank the specialized financing organization. Including China's various countries' finance company is outside a bank, can make to order the loan, and can provide the similar bank and other financial organs each kind of financial organ each kind of financial service specialty fast-acting organizations, therefore also is called "the non- bank bank" or "the accurate bank". The generalized on financial company has two big types: Enterprise attached finance company and non- enterprise attached finance company. In the narrow sense financial company specially refers to the enterprise attached finance company. Our country financial company is refers to the narrow sense the financial company, mainly follows the major industry group's development to produce and to grow strong. Our country "Enterprise group Finance Corporate management Means" to the financial company's definition are: The financial company is take strengthens the enterprise group fund centralized management and enhances the enterprise group fund use efficiency as the goal,provides the financial control service for the enterprise group member unit the non- bank financial organ.The financial company has the tertiary attribute, namely industry,finance and enterprise. The financial company melts the industry, the finance and the enterprise is a body, this tertiary attribute not only is the unification, but respectively has the different request, only has deals with this tertiary reciprocity, the financial company can the health development. The financial company's function performance serves, the resources disposition for the finance and the capital control. These functions manifest in the service function are theinternal settlement function, finance the financing function, finance the financing function, intermediary consultant the function.With financial organ and so on commercial bank compares, the financial. company's comparison superiority lies in its specialization, the flexibility, the innovation as well as the risk is smaller. In the practice, the financial company has at least played the role in five aspects which is very important, does not have may substitute, was they has decided the financial company together in the enterprise group and the financial service do main status. These five aspects one are add the formidable enterprise fund management and the control,saves the transaction cost and the expense, forms the economies of scale. Two is and the big enterprise interaction development, not only proposes the big enterprise market competition ability, moreover promoted the industrial development. Three is the effective disposition resources, makes up the bank and so on other financial organ services the insufficiency, the perfect financial system, four is enhances the financial service the efficiency, the promotion money market innovation and the development. Five is the financial company's specialized service, dispersed the risk, promoted the credit economy development.The financial company's production has the certain formation logic and the rationale. These theories including the transaction cost theory, the enterprise finance innovation discuss, the information not assymetrical theory, the capital formation and the financing waytheory, produce melt the union theory.The finance company earliest embryonic form obviously the general bank which France establishes in 1716. In US, in the first true significance the non-bank financial company appeared in 1878, the financial company started from at the beginning of 20 th century gradually to develop afterwards into meets the consumer credit need one kind of new non- bank financial organ, always occupied the important status in the American finance system.The American finance company's primary mission is provides the short-term loan for the consumer and the enterprise. The financial company's fund originates mainly for distributes and sells the stock,the bond and the commercial bill. Their loan similar commercial bank,but some loans belong to the high risk, the high income class.Overall, speaking of the property debt, each financial company raises funds from the bank loan or the release bond, generally by short-termprimarily, but the recent years also distributed the long-term bond and carries on the long term loan and rents.Our country enterprise group finance company follows a kind of non-bank financial organ which our country major industry group andenterprise group's development produces. In the 1980s the later period, passes through the new Chinese nearly 40 years development and the construct with proper priority, our country has completed one batch to have the pivotal status in the national economy the bigenterprise, some already gradually developed the group form, has created the intrinsic condition for the financial company's production. In 1986, the State Council applied by the coal generation of oilspecial-purpose fund office to the State Council in China to be able the group interior to set up a bank, nearly at the same time, the second automobile group and the heavy automobile group also successively handed in the establishment financial organ application. 1986 year's end, convened the partial monetary system in Wuhan toreform the experiment site city symposium, officially proposed financial company this concept, and proposed the tentative plan on its establishment pattern and the business scope. In this foundation, the People's Bank of China in, 1987 the official authorization has May set up our country first enterprise group interior financial company,namely east wind automobile industry finance company. Our country finance company's development has experienced the initial period development, the fast development, the standard and develops threestages with steady steps.The Jilin grain group is the large-scale enterprise group company, hasl 1 households entire capitals subsidiary companies, 10 households subsidiary company (holding company 1 household, company 9 households). Because the financial control quite weakand is dispersible, manages the work for the enterprise to bring the extremely disadvantageous influence. Among them the establishment finance company has in necessity and possibility.The Jilin grain group finance company's overall localization is"four centers", namely the accounts settlement center, the calculationcenter, the financing center, capital transport business plan the center, causes the financial company to become the entire group thefinancial window and the prop, produces as the main corporation trendmelts the union the financial platform. And according to the above thehypothesis finance company's service, the organization, the personneland carry on the risk control.The accounts settlement center is through introduces the bank the settlement, the credit, the regulative function, to group interiorvarious members unit's cash/fund implementation intermediary service,operation monitoring, effect inspection and information feed back. Theaccounts settlement center system objective bases on the enterprise group to the fund centralized management, emphasizes "a funnel" the turn over.The financing center is the financial company utilizes the colleague industry to borrow, method and so on release bond, opens the wide spread financing channel for the group; Through accepts the groupto entrust, provides to the subsidiary company entrusts the loan;Through the credit management, fills a prescription in the group various members unit's fund -odd to lack.Through unifies accountant, the calculation system, comes the standard various members enterprise accounting and the financial control; Uses the data bank technology each accountant the main body transactiondata merge is an account set of under accounting information.The capital operation plans the center is refers to the financial company to have to rely on own information superiority, to managefinances the superiority, helps the group to plan the capitaloperation, guarantees the value increment for the group property toprovide manages finances the service, and according to the group headquarters unified decision-making and the investment policy, causes the entire fund the operation to form a in a coordinated and orderlyway management system management system.