HongDa Group's Fund Management Research

Along with the rapid development of science and technology and the economy,business groups continue to expand the scale of development,it has become the world's economic activity than Ping important form of organization.This diversified economy,is conducive to the development of professional and social production cooperation,to promote the optimal combination into the rational allocation of resources and factors of production,so as to form an effective economies of scale.This form of more favorable internal deepen reform,promote complete change management mechanism,which will help enterprises play Group's overall superiority,promote enterprises to further explore the international market and participate in the world economic cycle,to promote enterprise development to the international direction.At the same time,its organizational structure with the increasingly complex management chain gradually stretched,drawbacks of a variety of management has become increasingly prominent.Financial management is the management of a very important work,money management is the focus of financial management,with the expansion of business scale of the Group,the management of its funds are also facing multiple difficulties,which restricts the development of enterprise groups,therefore,does not small business groups to go public.Now,with the continuous development of China's securities market growth,the listed company has become China's market economic activity the most active force,and because many of the funds of listed companies have problems,so how to manage the funds of listed companies is increasingly becoming Theory industry hot topic.Funds in all aspects of business through procurement,production,sales,how to establish and improve financial management of listed companies,how high efficiency,low cost collection and use of funds,is the key to improve the economic efficiency of listed companies.Many stars closure of enterprises,such as Delong Group,March 9 Group,because of funding strand breaks;changed hands a number of prestigious companies,such as Sunco China,Yongle Home Appliances etc.,is said to be derived from a shortage of funds;as for growing business,capital is nothing more than survival and development a top issue to be resolved.This paper is now common management model enterprise groups were compared,namely reimbursement center mode,internal bank mode,the mode of settlement center and financial center model,several management models have different characteristics,are suitable for different scale enterprises and development stage.After the grand capital management as a case to analyze the problem in the current financial management problems,and to analyze the causes.Ambitious and binding are actively promoting the work of fund management center set up to analyze the necessity and feasibility of the establishment,on this basis should be established to propose ambitious fund management center as the carrier of centralized fund management and fund management center was established recommendations to establish a "cash pool" mode and the centralized management of funds "bill pool" bills centralized management.unified management and to raise financing to fund the use of information systems platform management center,promoting the establishment of capital budget system.At the same time through the grand sound organizational structure,improve the information system to improve risk awareness,the introduction of high-end talent,strengthen the assessment constraints and other measures to ensure advance fund management new model.This mode is great hope by improving the overall level of fund management,to meet the needs huge funds management,and enhance financial risk prevention capacity,enhance the Group's overall strength.In this paper,the theory and practice,on a grand fund management model is analyzed as a case study,hoping to provide some great recommendations in the management of funds through this article.Hongda Group in recent years,with the continued expansion of business scope,operators have been expanding,foreign investment increased significantly,demand for funds increases,due to the funds raised from the stock market in recent years is mainly used for the expansion of the company's mergers and acquisitions,therefore,traditional business funding requirements mainly dependent on bank loans."Shift" period taking into account China's economy has entered a new normal,by the rapid growth of economic development into the fast growth period,the euro area and the Southeast Asian economies are also facing the risk of instability.These adverse factors led directly to the continuing global economic sectors go cold.The company is based on this background,the ambitious work to strengthen the current management of funds is particularly important.How to improve the financial management system,specifically suited to their own funds management,improve the company's capital budget management,strengthen financial management information system,to optimize the company's overall financial management,to maximize the overall value of the company,the company has become urgent a top priority,but also an important issue that we need to study.Its company management innovation,promote the development of the company,increasing the company's core competitiveness,has important practical significance at this stage.