Studies On Centralized Financial Management In Chinamobile Group

Along with China's Accession to the WTO, the Chinese corporation groups manages collectivize and the trend of diversification is more clear, mergers, reorganizations and businesses restructurings have been wide application. A system structure of Parent Company and Its Subsidiaries is the most prevalent form of corporation groups'organization, as market economy developed and shareholding system is maturing. But the corporation groups based on this basic structure also faced with a series of syndrome, such as information barrier, decision making not seasonable, etc. Therefore, major Groups began to make practice and exploration in management system, especially in financial management models.Their running ideas, improve their management methods and explore new ways to develop their businesses.According to what have said above, the article, in view of strengthening financial management and control, is presenting a kind of financial management model which is suitable to corporation groups especially to the telecommunication ones. First of all, this article is on the basis of summing up the domestic and foreign enterprises financial control research, Introducing the principal-agent theory,control theory, the client (the investor) financial control theory, building the theory basis of enterprise groups taking a centralized financial management.Secondly, carrying out an analysis of the enterprise groups financial management status , discussing respectively from property rights ,corporate governance structure, financial authority settings, funds utilization , budget controlling and financial information. Raising the need for enterprise groups financial centralized management. Then, analysising the problems of enterprises groups financial management furtherly in two aspects.Third, this paper analysising China Mobile financial management status by field researchs.Discussing the China Mobile setting out a number of useful financial centralized management, arising the centralized accounting thinking on the basis of centralized information management , a comprehensive budget management, capital centralized management, internal control.Finally, design the China's mobile financial management program from the three aspects of financial organization structure, business process design, IT system design.