Overseas Funds Central Management Improvement Program Of ACC Company

China's rapid economic growth over the past 30 years,under the trend of economic globalization in the twenty years after stepping into twentieth Century,has been witnessed by the whole world.Amid such environment,more and more Chinese enterprises go abroad to seek for overseas acquisition of high-quality projects,set up R&D institutions or factories,to achieve the purpose of maximum profits and economic benefits.Through the division of trade and investment,they can realize the cooperation amongst different markets,being multinational companies.More and more multinational corporations arise,which makes them have to face different culture,politics and economy,so the business environment is become more complicated.First,their market risks are bigger than domestic companies.The raw materials supply,production and sales activities were in different markets,any change of market interest rate and price will affect their profit.Moreover,multinational company's book currency of income,expenditure and cost is not the same,exchange rate risks will be caused in a conversion of different currencies.Besides,multinational companies have to face the political risk caused by the political changes of the host country's government which forces them to make strategic guidelines with macro vision for company's development direction.Because of the perplexing multinational business environment,multinational financial management is particularly important,centralized financial management has become a trend.But how to focus on effective management of offshore funds,not every company can do very well.In this paper,we take the fund management of AAC as a case with relevant theories by using comparison analysis method and enumeration method.Through introducing AAC company's funds management background,and analyzing the management methods and model,we come to assess AAC's current situation and existing problems.This paper mainly focus on the company's funds management problems,for example,random fund transfers were arranged in the non foreign exchange control countries,unreasonable company structure cause unnormal cash flow in single subsidiary,and even though foreign currency payments increased,no specific personnel was designated to control the foreign exchange risk.Furthermore,this company didn't establish a complete system of foreign capital budget,which make the money didn't form gathered strength,and cause low efficiency and other questions.Then,this paper provide some solutions for the above problems,design targets and principles for the group fund management,optimize fund management process and fund transfer program and set up the group fund budget system,cash pooling and advice on how to control the risk of foreign exchange and exchange gains and losses.At the end of the paper,we advise that,for company's sustainable development,AAC should be serious to the management,establish an improved system to withstand risks,in this way,to safeguard funds security,reduce cost of fund and achieve capital income.