S Group Fund Centralized Management Optimization Research

S Group is a large petroleum and petrochemical enterprise group, which was established in 1998. As a large state-owned group, the S Group has been focused on the management of funds management. In 2009. S Group Treasury Central Management System was online. On the basis of the overall system, the group achieved the coordination of the internal funds. Although the treasury central management had achieved some results, but it was undeniable that the system had many deficiencies, which needed for further improvement. These problems reduced the effect of treasury central management. In addition, there was some theoretical and practical significance for the research on the optimization of the large group of treasury central management projects.Based on the S Group treasury central management as the research object, using the theory of transaction cost and extension of the theory in the centralized fund internal capital market theory as the research method, through the capital management evaluation system, analyses its risk control, the cost of raising funds, liquidity and profitability, as well as existing problems and causes in the construction of information system, and puts forward the corresponding countermeasures and Suggestions. This paper argues that. S Group treasury central management problems are mainly concentrated in risk management, capital cost, capital from some aspects, such as the profitability and liquidity embodied in has not established a security risk prevention system of funds, financing costs are still falling space, still need to strengthen the liquidity and profitability, supporting information system still has room for improvement.In view of the above analysis, this paper puts forward the group capital centralized management optimization measures are strengthening risk management, reducing capital using cost, further increasing importance finance companies of the group, strengthening the theory and practice of the backup talent cultivation, strengthening the information construction in five aspects. Believe that S Group through optimize the above five aspects, will make the treasury central management system more efficient. At the same time, the treasury central management practice for other large state-owned capital management also has the reference value to the group.