| The reform and opening up has contributed to the rapid rise of China insurance market,making it one of the fastest growing sectors among the whole national economy.After decades of rapid development,insurance industry market system is increasingly mature with positive changes in business structure,diversified application of insurance capital and increasing efficiency of capital operation.However,foul play such as illegal operation and financial funds appropriation emerges within insurance system due to limited internal management level and intensifying market competition.In order to reinforce internal control and prevent fund risks,insurance companies are in the process of business and financial transformation.Specifically,reinforcing funds management is the integral part of financial transformation and the basis for corporate sustainable and sound operation.Company A has proactively implemented financial transformation along the path of its steady and fast-growing business scale,which is demonstrated by its entrance into overseas capital market and the rank of Fortune Global 500.It has set up a financial shared service center for provincial-level centralization of accounting and funds payment to provide favorable channels for reinforced funds management.The core requirements of funds management consist of risk control,operating efficiency optimization and financial value creation.Based on the relevant theories and literature review regarding domestic and foreign funds management,the paper takes company A as main subject and has made summary and qualitative and quantitative analysis of the data by reference to key funds management parameters and by means of case study.The author hereby puts forward some recommendations to further optimize funds management after systematic review and collation of the causes,process and effects of the funds management model transformation in respect of company A and corresponding analysis of the relevant parameters with related theories.Finally,the paper draws a conclusion that the financial shared service center established by company A to realize funds centralized management lays solid foundation for its rapid development and strict compliance with the bottom line of relevant laws and regulations after its listing.On this basis,company A can further improve internal control of funds,establish a scientific risk measurement and monitoring system,improve the vertical management of financial personnel,enhance the ability to accurately predict cash flow and design global and mobile interconnection financial pattern to better match up its future development strategy. |
