The Research On The Question Of Centralized Management Of Funds In State Grid Corporation

State Grid Corporation as a typical state-owned central enterprise, has a significant impact on the national economics because of the business operations of its electricity generated. In2009, State Grid Corporation responded positively for advocacy of The State-owned Assets Management Committee, and implemented Financial Intensive Management which including "six unities" and "five centralizations". The "five centralizations" are the centralized accounting, centralized management of funds, the concentration of capital, the operation budget intensive regulation and online risk-monitor. Financial management is an important part of enterprise management, and it can directly impact on the overall corporate efficiency. The fund management is financial management’s top priority, and worth studying. In the financial intensive management mode, the centralized management of funds is one of its five core contents. It is very important to understand and study the implementation of centralized management of funds in State Grid Corporation.This paper is divided into seven chapters, which are as follows:The first chapter is the introduction, which includes the research background, research purpose, research thinking and the research methods;The second chapter is a literature review, which includes four topics about centralized management of funds:the basic theoretical research of centralized management of funds, the implementation of research about centralized management of funds, the study of the pattern of centralized management of funds and funds centralized management model research;The third chapter is the theoretical analysis about centralized management of funds which has three sections. This chapter firstly introduces the basic theory of the centralized management of funds, principal-agent theory, transaction cost theory and the theory of internal capital markets theory included, then analysis the basic questions of centralized management of funds, including four basic questions: connotation, principle, conditions, and stages, finally combs six modes of centralized management of funds;The fourth chapter is analysis of the need for centralized management of funds of the State Grid Corporation, also three sections included. This chapter firstly gives the introduction of the State Grid Corporation, including its organizational structure, and intensive management mode implementation of the State Grid Corporation of financial Overview, outlines the goals of its ideas, the core idea and the main content, then analysis of the State Grid Corporation of the need for centralized management of funds from four aspects;The five chapter is the analysis of the content of centralized management of funds of the State Grid Corporation, which mainly divided into three sections:the main ideas of centralized management of funds’ model of the State Grid Corporation, the focus of centralized management of funds’ model of the State Grid Corporation and the key content and program of centralized management of funds’ model of the State Grid Corporation;The six chapter is the optimization strategy analysis of centralized management of funds of the State Grid Corporation, which firstly briefly describes the current situation of centralized management of funds of the State Grid Corporation, and then analyze the main problems, including imperfect information platform, the lack of budget funds and ineffective control of financial risk, finally, put forward the solving optimization strategies based on the problems.The last chapter is the conclusion is a summary of the core content of the paper.