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Research On Business Process Optimization Of Equity Investment Of XingTai CAPITAL CO.,LTD

Posted on:2020-11-06Degree:MasterType:Thesis
Country:ChinaCandidate:Y F LiuFull Text:PDF
GTID:2439330575971183Subject:Finance
Abstract/Summary:PDF Full Text Request
In recent years,with the diversification of China's capital market,the number of private equity institutions has also increased rapidly.At the same time,with the further improvement of the regulatory policies of equity institutions,the normative nature of the business of equity institutions has been further strengthened.The intensification and external regulatory upgrades,the equity investment industry faces enormous opportunities and challenges.In this context,after years of rapid development,Xingtai Capital,a well-known equity investment institution in Anhui Province,has been struggling with traditional business methods and business processes,and there are insufficient business process settings,and the links between the links are not smooth enough.Problems such as inadequate mechanisms have weakened the company's investment income and reduced the company's ability to resist risks.Therefore,this paper is particularly necessary and realistic to optimize the company's investment income and anti-risk ability by optimizing the Xingtai Capital Equity Investment business process and solving the problems in the process.At present,Xingtai Capital's equity investment business process is divided into four stages:"raising,investing,managing,and retreating".In the fundraising process,the way of raising special funds and then looking for projects has led to the development of high-tech industries in Anhui Province,but at the same time,the"first-time re-investment" approach has not only affected the diversified development of Xingtai's equity investment business,but also Concentrated special investment funds increase the company's investment risk.In the investment work,the departments under Xingtai Capital cooperated to complete the equity investment business,including project establishment,due diligence,internal review and investment decision,etc.,but due to poor communication between departments,the division of employee responsibilities and system Problems such as insufficient standards have led to slow investment and investment,which has affected the company's investment efficiency and reduced the company's investment income.In the post-investment management,Xingtai Capital adopts the post-investment management model of "who invests and who is responsible".This method simplifies the process and improves the company's investment in the case of small scale and small number of project management in the early stage of the company.Efficiency,but with the development of the company and the increase in the number of investment projects,the drawbacks brought by this method are gradually emerging,mainly reflected in the investment manager's responsibility for investment and post-investment work,which not only affects the efficiency of investment work but also weakens the vote.The management of the company has slowed down the efficiency of investment and increased the risk of the projects being invested.In the investment exit link,Xingtai Capital reduced the efficiency of investment exit and the return of investment exit due to the imperfection of the exit system.In contrast,other domestic equity investment institutions have accumulated rich and successful experience in the exploration and practice of equity investment business processes due to their early establishment,large business scale and standardized investment process.Fangyuan Assets'bottom-up fundraising process has expanded the channels for equity investment business development,and the finer pre-investment work maximizes the efficiency of investment work.The project manager+ project post-investment management team The management model is to provide the investment company with a wealth of post-investment services,which has improved the company's investment exit income;Jiuding Investment Company has extended the company's investment field to many industries with market-based fundraising,and specialization,The standardized pre-investment work link has also accelerated the company's investment efficiency.The post-investment management team of the full-time post has given every invested company a meticulous service,and combined with the standardized investment exit system to achieve the goal of maximizing investment income.These successful business process features are undoubtedly worthy of learning and learning from Xingtai Capital in the optimization of equity investment business processes.Based on the above,under the principle of customer-centered,process-oriented and information resources as the carrier,the ESIA and ECRS analysis methods are comprehensively selected to optimize the Xingtai Capital Equity Investment business process from the following four aspects to achieve higher investment income.And the goal of reducing investment risk.First,build a market-based fundraising process,focus on establishing an investor-centered fundraising system,and improve the communication mechanism between the investment department and the fund department.Second,set up refined investment standards and improve pre-project work.The project looks for standards,establishes scientific valuation standards and auditing standards,and further clarifies the distribution of employees' rights and responsibilities.Third,improve the professional post-investment management mechanism and establish a full-time management team of“investment team +post-investment team".Unblock the communication channels between the investment team and the post-investment team,and establish a post-investment performance evaluation system.Fourth,improve the standardized investment exit system,and follow the steps of setting clear exit time,clear exit method,detailed exit plan,and guarantee exit implementation.Ensure that investment exits maximize revenue.
Keywords/Search Tags:Equity investment, Business process, Process optimization
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