Based On Value Creation Acetate Group Financial Integration

As China being a member of WTO, with the rapid development of information and technology and the economic globalization, China market and share capital economies are quickly developed and increasingly matured, modern enterprises are no longer operated under a unitary economic structure, instead, are moving towards the integrated complex with multiple economic units. Large sums of these modern business groups represented by Hai Er, Lian Xiang, China Marine Petrol have walked out of China and operated overseas. To implement group development strategy, nowadays characterized by being big in capacity and strong in ability, by setting up trans-regional and trans-national corporations in applying group operation strategies, turns to be main methods for global competition and development trend. With the publication of the State Council Document No. 57 of 2005, China tobacco operation system is shifting from market administration function to assets operation function. To form trans-regional groups becomes an essential issue for China tobacco so to be better positioned for global competition and self development. The industry of Cellulose tow, as an important filter material attached to the cigarette industry, will proceed in line with the development trend of China tobacco globalization.Applying the theories of group development strategy and modern finance management, and by firstly analyzing the cellulose tow industry, the author of the thesis elaborates that implementing group strategy with combined product, technology, service and market will surely improve the enterprise's overall competition ability, utilizing group resources, technology and coordinated management effects will improve the industry's core competition ability, be helpful for the enterprise to participate in global competition and to raise up the enterprise's development levels. Then the author has systematically researched the theory of group 's financial controls, concluded with a financial integration proposal for China cellulose tow industry. The thesis has systematically researched the financial integration proposal for the cellulose enterprises on the basis of value creations and thus has fairly strong theoretical and practical meanings to the upcoming China cellulose tow group on its way for establishing its financial control systems.