Research On Centralized Financial Management Of D Securities Company

Since the implementation of the reform and opening-up policy,China's securities industry has achieved rapid development.However,China's securities industry has been developing with the strict supervision.The regulatory authority has been continuously made remedial policies since 2016,and the relevant policies such as comprehensive risk management,merger and reorganization,classified supervision,IPO,refinancing,stock pledge and repurchase have been issued.At the same time,the influx of international securities companies has made the competition in China's securities market more and more fierce.In this situation,the securities company should not only further diversify on income structure,but also need strengthen the control and management of funds,reduce operating costs,enhance the risk resistance ability of the enterprise,maximize overall value through financial centralized management.This paper takes D securities company as the research object,but it is not limited to perfecting the financial management system of D company.We try to discuss the necessity of implementing financial centralized management system in securities companies according to the actual situation of D company.In addition,the future application effect and limitation of this management method are estimated.The full text will be studied from six aspects.The first part is the introduction.This part mainly expounds the research development degree of the current financial centralized management system from the aspects of research background,research methods,research status and so on.The second part is the theoretical basis.It mainly adopts the normative research method to briefly summarize the theories of management effectiveness,centralized management,organization flattening,shared services and so on.The third part studies the development status of D securities company and the current financial management system.Then the necessity of financial centralization of D securities company is obtained.We also made a comparative analysis of the effects of centralized management before and after implementation.The fourth part is the improvement of the disadvantages of the current system.Then,the financial centralized management system of D securities company is constructed by means of personnel concentration,accounting concentration,concentration of funds,centralized budget management and centralized cost management.The fifth part studies how to guarantee the financial centralization of D securities company.We try to use financial support for branch offices,internal audit control,financial information system,the construction of financial personnel team and other measures to ensure the effective implementation of financial centralized.In the sixth part,we summarized the general and referable conclusions of the securities industry according to the research results of D securities company.It also points out the limitation of research and provides reference for the financial management of other securities firms.