The Study Of Centralize Treasury Management In Enterprise Group Of ZJ Company Limited

With the rapid development of economy and the increasingly fierce market competition,under the condition of the modern enterprise system reform of parent-subsidiary company system,modern enterprises have sprung up the upsurge of enterprise expansion of assets reorganization,acquisition and merger,and gradually developed towards the direction of market internationalization,diversification of management and organization collectivization.Enterprise groups have come to the historic moment.Life.The organizational structure of enterprise group member units is huge and complex,capital chain is long,capital flow is difficult to control,capital management problems become an important factor restricting the development of the group.Therefore,it is necessary to construct a fund management system which is suitable for the actual situation,and to lead the financial management into value creation.As the benchmark of Chinese enterprises,large state-owned group companies,under the active implementation of the SASAC under the State Council,implement the centralized management of funds,strengthen the control of funds,and improve the efficiency of the use of funds.At present,some enterprises have realized the normalization of centralized management of funds,and the other part is also in the process of vigorous promotion.At the same time,the infrastructure industry is a key industry to develop the national economy and improve the quality of life of the citizens.In recent years,the national capital construction scale investment is increasing,construction enterprises undertake construction tasks gradually expanded,the industry competition is becoming increasingly fierce,construction enterprises are facing enormous risks and challenges while meeting the opportunities: construction enterprises have a long construction cycle,high contract quota characteristics that lead to easy financial gap.Especially with the vigorous promotion of PPP projects in recent years,large-scale construction enterprises need more and more funds,but at the same time,in order to prevent financial risks,the state has become increasingly stringent financial supervision,resulting in the difficulty of financing enterprise groups and financing costs continue to improve.Therefore,large-scale construction enterprises are increasingly shifting the focus of capital management to the group,the implementation of centralized management of funds within the group,to minimize dependence on external financing.Taking ZJ Company,a wholly-owned subsidiary of China Communications Construction Group,as a case study,this paper discusses the actual situation of centralized capital management in enterprises,and summarizes and analyzes the problems in the process of centralized capital management.The research contents of this paper are mainly divided into five parts.This paper first introduces the background and significance of the study,then discusses the relevant domestic and foreign literature,research content and research methods,innovations and shortcomings.Secondly,this paper expounds the concepts of "enterprise group" and "capital management" related to capital concentration,summarizes the related theories of capital centralized management,and introduces five main modes of capital centralized management,and analyzes their advantages and disadvantages in detail.This paper mainly introduces the present situation of centralized fund management in ZJ company,expounds the background,principle,mode and operation status of centralized fund management in ZJ company,expounds the achievements of centralized fund management in ZJ company,and points out the low degree of centralized fund management,backward management mode and budget management system.Problems such as imperfection,lack of risk control ability and so on.Finally,the paper summarizes the full text and puts forward some suggestions to solve the problems in management,such as "grasping the scale of centralization and decentralization,perfecting the functions of the clearing center according to the enterprise strategy,realizing the comprehensive information management,perfecting the operation mechanism and supervision mechanism,and improving the assessment and evaluation system".