Research On Financial Risk Management Of G Group Company

The economic competition in our country is becoming more and more fierce with the development of society and economy.And in the context of the severe competition environment,the risk also comes one after another,as a result,the enterprise must bear the corresponding risk while pursuing the benefit.Thus,how to obtain the maximum benefit in controlling the risk becomes the key point of the financial risk control of each enterprise.The rapid development of economy in our country has created many opportunities for domestic enterprises,however,risks are ubiquitous because of many unstable factors.Financial risk,as one of the most important risks faced by an enterprise,the harm brought by it will be enormous if it is not controlled in time,which can even make an enterprise face a crisis of disintegration.Due to its important position in the national economy,financial risk control has become an important task for the sustainable development of group enterprises.The reasonable prevention and control of financial risk is not only a challenge,but also an important task to the group enterprises.As a state-owned holding group,Group G is a leading state-owned enterprise in J province,which plays an important role in the economic development of J province.The subsidiary holding enterprises of Group G involve a wide range of industries.With the rapid development of Group G,it can not avoid the problems such as the difficult control of risk,weak risk consciousness,unscientific management and so on.Therefore,financial risk control has become a key part of the management of Group G.In this paper,it refers to the study of financial risk control at home and abroad,combines with the relevant theoretical basis of financial risk control,and takes Group G as the object of study.The background and the financial data of Group G in the past three years are fully analyzed.The present financial risk situation of Group G is revealed from three aspects,such as asset structure,profitability and cash flow.And the reasons for the formation of financial risks are found by combining with the actual situation.In addition,the idea of constructing the early warning system of corresponding financial risk for Group G is put forward by drawing lessons from Group X's response to similar risk situations.It fully demonstrates the reasons for Group G to construct the early warning system of financial risk from the the perspective of feasibility and necessity.At the same time,it expounds the construction process and operation mechanism of Group G's warning system of financial risk,so as to fully demonstrate the importance of early warning system of financial risk to the operation and development of Group G.Finally,some countermeasures for its risk control are put forward in this paper.Based on the theory and taking Group G as a case study in this paper,it is a research that combines theory with practice,which is also a meaningful exploration in financial risk control management.