Research On Capital Centralized Management Of TF Group

The deepening of regional economic integration has brought great opportunities for the rapid development of large-scale trans-regional,inter-provincial and even multinational enterprises.At the same time,the risk factors of large group companies have become more and more obvious.A wide range of investment channels,low degree of capital concentration,difficult risk-control,these thorny problems has made the fund focus among people,while it is the blood of a developing company,but also brought the efficiency of fund-use and risk-control issues to the crowd's attention.In recent years,business groups and theorists have turned their attention to how to allocate funds within the Group more effectively and scientifically,and how to achieve effective balance between the internal funds and the external capital market.Practice has proved that a set of scientific and sound capital centralized management model will be the"stepping stone" for numbers of large enterprise groups to solve this problem.It can lead the funds operation of entire group into a virtuous circle.The financial operation mechanism and modern enterprise system will also be on the right track.Based on the basic theory of capital centralized management in academic field,this thesis focuses on the "cash pool" model in which the management efficiency is higher and the allocation of financial resources is more reasonable after the brief introduction of various related management modes.After the relevant introduction of theory and operation,the thesis explains the establishment and implementation of the TF group "cash pool" mode.It further strengthens the importance of "cash pool" model for enterprise group to operate and manage efficiently,but also shows the recommendations and views to TF group about the process of establishment and implementation,in order to enhance the managerial efficiency and effectiveness on "cash pool"model.Through the discussion and analysis,we can see that "cash pool" model is a breakthrough to enhance the efficiency and security of funds.It perfects the enterprise management system and many other aspects compared to the traditional management models.It brings a new force into the enterprise groups for the healthy and sustainable development.