Study On Capital Management And Control System Of China Grain Reserve Group

In the past 40 years of China’s reform and opening up,the economy has developed rapidly,and some large state-owned enterprises have gradually developed into group enterprises after reform.Most of the existing group companies adopt multi-level legal person management,which has a wide distribution of branches and subsidiaries,a complex level of group headquarters and branches,and subsidiaries,large amount of funds,and complex and diverse business.Due to various reasons such as geographical location,regional distribution,and management system,it is difficult for the head office to effectively manage it centrally.The internal resources of the group cannot be fully shared,which often leads to an increase in the overall cost of the group companies.Capital is the "lifeline" for enterprises to survive and develop.The operation of various departments,branches and subsidiaries of a group enterprise requires the participation of funds.In the new environment,based on China’s special national conditions and the actual situation of enterprise groups,how to build an effective fund management and control system?How to use the existing fund management and control system to make it play its due role,etc.,it is necessary to explore in theory and practice.Based on the review of relevant literatures at home and abroad,this paper,based on the theory of information asymmetry,principal-agent theory,market internalization theory and other related theories,combined with specific cases,conducted research on the fund management and control system of China Grain Reserve Group and found out The existing problems analyze the causes of the existing problems,and put forward ideas for further improvement and improvement.This paper believes that the fund management and control system of China Grain Reserve Group currently has problems such as incomplete information on the centralized management and control system,incomplete fund concentration,lack of investment financing planning,the Group’s inability to fully mobilize the enthusiasm of its members,and the excessive workload of the financial department of the Group Headquarters.The main reason for this is that the internal audit mechanism of the group is imperfect,the functions of the financial department of the group are too broad,the lack of detailed division of labor,the lack of corresponding performance appraisal and reward and punishment mechanisms,and the lack of management influence of the group on the grassroots managers of member units.In view of the above problems,based on the existing research,combined with the special industry and group background of China Grain Storage Group,this paper puts forward some ideas for further improvement and improvement,including establishing two sets of fund management and control ideas for branch companies and direct warehouses,and implementing the financial staff appointment system.Establish a financial company,improve the internal audit and performance appraisal mechanism of the group,further improve the existing organizational structure in light of the actual situation of the group,further strengthen the concentration of funds of the group and improve the direct connection system of the bank and enterprise with the group finance department as the core,with a view to further improve the enterprise.The theory and method of group fund management and control provide a certain reference for the management decision of the enterprise group.