Discussion On The Fund Management Issue Of China National Petroleum Corporation Finance Company

With the rapid development of global economy,the adjustment of the economic industrial structure put forward higher request to the financial management system of enterprise group.The fierce competition in the market impels groups continue to exploit the growth potential from the internal.Fund management is one of the part very important.For any enterprise,fund is the basic condition of its subsistence.How to raise funds,how to effectively make good use of funds,how to well manage money,these problems are deserved to be concerned in all enterprises.For the large state-owned enterprise groups,financial management has varieties of methods.The fund management in the financial companies of different industries in different development stages are diverse.More and more large enterprises groups take the method that establish financial company as a fund management platform for large enterprises.The establishment of a financial company has gradually become the mainstream of fund management.China National Petroleum Corporation(CNPC)is one of the large state-owned enterprises in our country,it is also an important oil refining enterprises of production,its members units throughout the country,the scope of business all over the world,it promotes the economic development in our country,of the people's livelihood guarantee plays a vital role.Along with our country economy high speed development,the CNPC group,through its development strategy,an expansion of the scale,how to strengthen the financial management and financial risk control has become the enterprise must attach importance to the problem.Since the CNPC financial,since its establishment,with the rapid development of centralized fund management business,however,compared with other experienced group finance companies,CNPC financial company,there are still have many deficiencies in the centralized fund management.In domestic large state-owned enterprises,there are mainly two kinds of fund management model.The first is a group set up internal settlement center,the second is to set up financial companies.Due to the development of the CNPC group scale is more and more giant,the establishment of a finance company is a better choice to unified management of group of domestic or foreign capital,.This paper is divided into six parts.The first part introduces the significance of the topic and its background,then makes a review of domestic and foreign financial companies centralized fund management literature,research ideas and methods in order to construct a framework for paper.The second part is an overview of the financial company's funds management theory.Firstly,we introduce the meaning of finance companies and fund management,and then introduce the main contents of the financial fund management,analysis the characteristics of the financial company,and finally describe the basic theory of fund management of the finance company.The third part briefly describes current status of CNPC finance companies,mainly from the perspective of positioning of fund management in CNPC,the main business and risk control analysis.The fourth part analyzes the problem of CNPC finance company and its causes.It can be analyzed from five perspectives.First is due to the unreasonable financial company positioning,a narrow range of financing channel,the financial business innovation ability lags behind,the issue of risk management and internal control.Finally,overseas business not fully operated.The fifth part summarizes the advanced experience of J finance company.First introduced the J financial company's funds management situation,and then summarizes the J specific measures of financial companies.As you can see a run and reasonable financial companies must be strictly company account management,diversified financing,establish perfect risk management departments,low risk investment,as well as an efficient online internal settlement system.The sixth part contains recommends for CNPC financial company.First,there must be very clear and precise strategic positioning;we must rely on the Group Company and service for the Group Company,be financial management center for the group company.Second,we must find ways to broaden the sources of funding through a variety of ways.CNPC finance company must strengthen business innovation management,to increase the variety of financial innovation,to develop intermediary business.Risk management is the core capabilities of modern financial institutions.At the same time the company must pay attention to strengthen risk management and control ability.Finally,the company must build the information integrated management platform and talent training as soon as possible.