Research On Centralized Capital Management Of Changhong Group

In recent years,with the development of China's economy and the impact of economic restructuring,the enterprise groups continue expanding.A large number of members with complex structure and the extension of the management chain lead to the difficulties of capital management,which is becoming increasingly serious.As the "blood" of enterprise,capital has become the core focus of financial management of enterprise groups.How to strengthen the management of funds has become a problem that Chinese enterprise groups need to ponder.In the environment of the increasingly visible global integration,a large number of conglomerates and transnational companies have grown rapidly.The business range of group enterprises has been not subject to geographical restrictions,the emergence of a large number of branches and the continuous expansion of business scale.Enterprise groups in the management have to face more challenges.Most enterprise groups in China still have problems of backward funds management methods and multiple accounts.The problem of poor capital turnover and lack of strict supervision of capital control also exist.Most enterprises have not established a unified fund management system,so that funds information cannot be delivered in a timely manner within the group.It is difficult to grasp the financial information of group's business accurately and timely,and it also reduced efficiency of financial control and supervision.Under the background of globalization,the continuous evolution of information technology and management concepts have put forward higher requirements for the strength of enterprise groups.To maintain a competitive advantage in the market,conglomerates must consider strengthening the management of funds,improving the efficiency of the use of internal funds,and effectively balancing the surplus of funds.The larger the scale of funds,the more a unified and high standard of funds management system should be established.At the same time,considering the role of technology information to collect and plan funds,it is important to ensure the security of funds information to reduce the cost of funds and improve the liquidity of funds.Therefore,it is an important practical significance that we explore and analyze the centralized management of financial funds on the long-term development of group enterprises under the current background.Based on the related contents of centralized capital management of enterprise groups,this paper studies the relevant theoretical research and practical experience of centralized capital management domestically and abroad.Then the paper analyzes the problems and reasons of centralized capital management which embodied in the construction and performing of enterprise groups through the form of cases,and finally gives some countermeasures and suggestions.