Research On The Path Choice And Economic Consequences Of The Combination Of Industry And Finance In Huaxi Shares

In 2008,the global economic crisis broke out.At the same time,China’s domestic integration has also ushered in new development opportunities.In the following years,the combination of industry and finance has continued to heat up in China.At the end of 2010,the State-owned Assets Supervision and Administration Commission of the State Council and other relevant departments clearly supported the central enterprises with certain conditions for the first time to explore the implementation of the combination of industry and finance.This shows that my country has certain conditions to promote "the combination of industry and finance".In 2011,the combination of industry and finance became a hot topic during the two sessions.In 2016,the combination of industry and finance was released by the relevant state departments and organized to declare.Since the 19 th National Congress,China has continuously promoted the development of the real economy,gradually promoted the transformation and upgrading of traditional industries,and raised it to the national strategic level.Its purpose is to solve the financial problems faced by economic transformation,and the combination of industry and finance has gradually become a new development trend and new driving force.At the same time,in the context of the sharing era,many companies have built a financial service platform by means of integrated financial services,and have chosen to take the road of combining industry and finance.Therefore,it is of some practical significance to analyze the motivation,path selection and economic consequences of the combination of industry and finance in China’s enterprises,so as to provide some lessons for enterprises in China to follow the path of industry and finance integration.The past theoretical research has focused on the field of finance and industrial economics,and the existing research is also based on the field of finance and strategic management.This thesis takes the perspective of financial management as a starting point,based on the micro level,taking the Huaxi shares that have begun to take the path of combining industry and finance in private enterprises in recent years as an example,analyzes the development process of the combination of industry and finance,and focuses on Huaxi shares Study the motivation,path selection,economic consequences and existing problems of the combination of industry and finance.This thesis found that the motivations for the combination of industry and finance in Huaxi shares include diversification and more profits;the use of talent and mechanism advantages to achieve financial coordination and strategic coordination;reducing information asymmetry and easing financing constraints;The efficiency of fund use;industrial transformation is in line with financial transformation,and promotes the enhancement of brand value.The path selection of the combination of industry and finance in Huaxi shares includes five aspects: merger and acquisition business,asset management,venture capital business,innovation investment and strategic investment.At the same time,on the basis of selecting the financial statement data from 2011 to 2018,this thesis analyzes the economic consequences of the combination of industry and finance in Huaxi shares from the four aspects of profitability,solvency,operating ability and growth ability.The results show that by taking the road of combining industry and finance,profitability and growth capacity of Huaxi shares have improved significantly,but its operating capacity and debt-servicing capacity still need to be improved,and its synergy effect is remarkable.It is not difficult to see from this that the effect of the combination of industry and finance on Huaxi shares is in line with its original motivation to take the road of industry and finance integration.Finally,through the analysis of the case of the combination of industry and finance in West China’s shares,we have obtained some enlightenment: first,the enterprise must improve the risk control system;secondly,the enterprise must also clarify the purpose of its own combination of industry and finance;finally,the enterprise should also choose the appropriate product Integration model.