Effect Evaluation And Optimization Strategy Of Integration Of Industry And Finance In China Railway Construction

The combination of industry and finance is the combination of the non-financial industry and the financial industry,which naturally arises in the process of economic development.Since 1987,the state-owned enterprises have begun to integrate production and finance.At present,the integration of industry and finance of state-owned enterprises such as State Grid,Petro China,and Minmetals has matured,but many state-owned enterprises in China are still in the exploration stage of industry-finance integration.Based on this,taking China Railway Construction at the exploratory stage as an example,by analyzing the effects of the combination of industry and finance,it finds its constraints and risks in the process of industry and finance integration,and proposes optimization strategies that can provide other central enterprises suggestions.This article first sorts out the domestic and foreign research status of the combination of industry and finance,and then outlines the theoretical basis and model of the combination of industry and finance.Next,the development process and implementation effect of the integration of industry and finance in central enterprises are described.Further focusing on the case China Railway Construction Corporation,explained the current status motivation and model of the combination of industry and finance,and established an evaluation index system for the effect of industry and finance integration,from the four aspects of industry and finance integration,synergy,operating performance and financing ability did an evaluation.The analysis shows that China Railway Construction currently has a low degree of industry-finance integration,synergies need to be improved,operating performance needs to be improved,and financing capabilities need to be strengthened.This analyzes the constraints of China Railway Construction’s industry-finance integration and the risks it generates when it combines industry-finance.Finally,through the above case analysis,strategies for improving the combination of China Railway Construction,Industry and Finance are put forward.The innovative point of this article is that the selected cases are no longer limited to companies that have matured the integration of industry and finance,but have conducted research on companies that are in the exploration stage of industry and finance integration.Secondly,this article creatively combines qualitative and quantitative indicators to create The evaluation system of the combination effect of industry and finance has evaluated the effect from multiple angles.