Centralized Management Of China Mobile Communications Group Finance Company Funding Optimization

The finance company of enterprise group is a kind of non-bank financial institutions,which supply all kinds of financial services of financial management for the purpose of increasing management concentration ability on capital and capital application benefit of enterprise group.The establishment of finance company can reduce effectively financial cost,form scale economic advantages of capital,realize capital rational allocation within enterprise group,promote capital centralized management competence,ultimately achieve resource optimal configuration of enterprise group,reduce corporate financing cost further,improve cash flow status.Shanghai Electric Group and China Power and other large enterprise groups establish their own finance company one after another,and choose capital centralized control model of finance company to strengthen their own funds central management.As the best of the best of domestic telecom operators,China Mobile Communications itself possess abundant capital and many years experience of capital management,and first to establish own finance company in the communication service industry in 2012.This fills the gaps of the old pattern,and will start the new era for capital centralized management of China Mobile Communications.The researches on funds central management at home and abroad focus differently.The relevant researches at home focus on discussing relevant patterns theoretically,and analyze relevant patterns by means of theoretical innovation.Moreover,analyzing funds central management pattern by specific example can know the running condition of finance company models more clearly.For example of finance company of China Mobile Communications,this article chooses the financial data and other relative information in 2012-2014 of finance company and carries on research.The main contents are as follows:Firstly,confirm the significance and main functions of finance company funds central management pattern in the development of enterprise group by its document researches.Secondly,on the basis of document researches,analyze development condition of finance company industry and its effects on funds central management.Thirdly,China Mobile Communications was taken as an example to analyze the cause and achievement on funds central management since its establishment,and mainly discuss its shortages such as the low degree of funds centralization and other problems.Finally,aiming at the exist problems,give the advice to improve follow the relative principle of optimality,enhance the overall strength of finance company,and then develop the capability of funds central management.Furthermore,we hope that the improvement of funds central management pattern of finance company in China Mobile Communications can give helps to funds central management in the communication services industry in the future.