Cosco Group Capital Centralized Management Problem Discussed In This Paper

With the development and expansion of enterprise groups,financial transactions accounting business has become more and more frequent,in order to meet the needs of large enterprise group management,centralized fund management concept emerged,first appeared in large enterprises in Western countries.The financial department is a very important sector of an enterprise.The idea of centralized management of funds has gradually matured through practical application.Although our country started relatively late in the aspect of fund management.However,with the rapid development of China's economy,the theory and practice of centralized management of funds have developed rapidly in our country.At present,centralized management of funds has been used efficiently in large enterprise groups in China.China's large enterprise groups are gradually changing to transnational group,which has many subordinate units and frequent business contacts,and its business type and scope of business are all over the world.For large enterprise groups,especially transnational corporations,it is a challenge to manage the relative centralization of the funds of the group.Centralized management of funds meets the management needs of large groups,and brings many advantages for the development of enterprise groups.Capital centralized management can make the enterprise funds scattered in various subordinate units,according to the needs of the group headquarters,reasonably collection,according to the strategic direction of the group,will collect funds for a reasonable use of enterprise groups through these measures can reduce the financing cost and improve efficiency in the use of funds.so you can play the scale of the group,to enhance the overall advantage of enterprise group.Compared with other enterprises,shipping companies have belong to the characteristics of the industry,such as shipping company's business scope is very broad,organizational structure more,some multinational groups and even in many countries in the world have their own business.In this paper,to create a model and method of fund management that belongs to each different group and has its own characteristics.On the one hand,although this case is mainly based on the case analysis,we hope that through in-depth analysis of COSCO Group,this paper studies the process of centralized funds management of COSCO Group,and combined with the present situation of COSCO for the centralized management of funds,problems and reasons,hope that through this analysis to COSCO fund centralized management to put forward the feasible suggestion.The main research methods used in this paper are literature research,case optimization,normative theory,research methods and so on.First of all,the centralized management of COSCO Group funds to conduct in-depth understanding,including the development process,COSCO's existing scale,the nature of the enterprise,organization structure,centralized fund management and so on,on this basis,combined with COSCO's strategic development goals and hindering the development of the internal and external factors,and analyzes the reasons,problems of COSCO Group in the centralized management of funds,from the practice of COSCO Group,puts forward feasible suggestions.This article is divided into six parts: the first part,introduction.Mainly for domestic and foreign scholars related theory research process and results,summarized and analyzed,combined with COSCO Group's development history and present situation,introduced the purpose and function of academic research.The second part is the overview of enterprise group funds centralized management theory.The concept,characteristics,principles,objectives,contents,models and theoretical foundations of centralized management of funds in enterprise groups are described in detail.The third part is the introduction of the fund centralized management case of COSCO group.On the one hand,describes the basic situation of COSCO Group and COSCO Group,the generation process,centralized fund management system of Xian Youping rig is built and the concrete operation process.The fourth part is about the problems and reasons of the centralized management of funds in COSCO group.First of all,it discusses and summarizes the problems existing in the centralized management of funds in COSCO Group,and then analyzes the causes of these problems.The fifth part is the measures to improve the centralized management of funds in COSCO group.This paper has put forward the optimization strategy in five aspects:clear the group and the subordinate unit management authority;the establishment of a comprehensive budget control mechanism;to enhance the ability of financial services;optimize capital management information system;perfecting risk management system.