Analyse On Risk Decision Imbalance Of CNAF(Singapore) Big Loosing

With the development of economics, reform and opening up and transformations of joint-stock enterprises, the old administration patterns of State-owned business are no longer fit for the new era. What's more , the managers' traditional thoughts have not catch up with the steps of market economy. All these bring high risks to the State-owned enterprises .On November 30, 2004, China Aviation Oil (Singapore) Corporation Ltd was engaged in the congenial behavior to create the large amount loss of 554,000,000 US dollars and applied for the bankruptcy protection to the Singapore Supreme court.Through the theory and the actual analysis of China Aviation Oil (Singapore) Corporation Ltd in the financial situation, risk management, internal control and the exterior supervision, author attempted to find the reason of its bankrupt. Besides, this article also is hoped to provide some beneficial models for the state-owned enterprises' risk management and to avoid these mistakes in the same time.