Situation In The Financial Crisis, China National Gold Group Corporation's Management Strategy

The U.S. housing bubble and high default rates on"subprime"combined effect of the financial crisis sweeping the globe, as a state-owned large group of gold enterprises should be how to deal with this crisis is the main purpose of this article.This article depth the root causes of the crisis and its specific performance, and cited the financial crisis on China's macro-and-micro economic effects, as well as our government's response strategy and initial results of the strategy.In addition, the"Bretton Woods system"mainly discussed the gold in the economy mainly on gold production.Through access to a large number of secondary data, field observations of the smelting of crisis-affected enterprises, with the China National Gold Group Corporation, responsible for production and operation, and assets of the financial department is responsible for talking to people face-to-face, the investigation of other gold-producing enterprises in the production, operation. In the methods of these studies based on deductive reasoning, the context draws the main conclusions of that problem.As the Gold Group, in the current economic situation , a comprehensive internal and external factors, combined with the trend of world economy and the gold industry of the Gold in the context of the financial crisis should the main should be: to promote mergers and acquisitions reorganization which can enhance industrial concentration; reasonable to concentrate funds for the acquisition of mining production and to provide strong protection; concerned about the changes in face of status policy, in order to help provide a useful business management; strengthen enterprise management, to"Fine management"to be effective; re-examine the business strategy, go out of the country, outward expansion; strengthen risk prevention, to prevent the operation's risk and fraud ; the strengthening of regional companies to establish and nurture.China National Gold Group Corporation's business strategy under the financial crisis also can be used in other gold companies.