Study On The Strategy Of Improving The Centralized Fund Management Of Lushang Group

Enterprise management includes purchase,sales,production and operation,financing,investment,financial management and many other links.Among them,financial management runs through the whole enterprise operation.Enterprise management cannot do without financial management,and the core of financial management is fund management.There is consistency between the capital management and the whole production and operation management process of an enterprise.Therefore,the capital management level affects the development level of an enterprise to great extent,so the capital management plays an important role in the operation of an enterprise.After China's accession to WTO in the new century,the number of enterprises in China has increased rapidly,especially for large groups and large enterprises,which have wide distribution of unit members,so there are problems such as long capital chain,loose management structure,which has become an adverse factor in the process of enterprise development.Profit is the purpose of enterprise survival,while capital is the foundation of enterprise survival and development.Abundant capital power provides financial support for enterprise development and growth.Therefore,if an enterprise wants to gain market advantage in strategic competition,it must give full play to its capital management ability,so that the whole enterprise group can be effectively connected to produce close linkage effect.By integrating the internal resources of the enterprise group to obtain the scale advantage and reducing the financing cost,the overall safety of the group is guaranteed and the funds can fully utilized.Taking Lushang group an example,based on literature review,comparative analysis and case analysis,this paper expounds the concept,basic principles and main implementation modes of centralized fund management summarizing and analyzing the relevant research literature of centralized fund management.With the help of transaction cost theory,property right theory and principal-agent theory,it can play the role of internal capital market and diversify investment style This paper sums up the necessity of the implementation of the centralized fund management of Lushang group.Based on transaction cost theory,property right theory and principal-agent theory,from the two lines of revenue and expenditure and the implementation of centralized collection and payment,the implementation of the fund plan monitoring mechanism,the construction of closed fund settlement management system,the implementation of fund position balance management and the group's unified financing and loan repayment business,summed up the current situation of the development of centralized fund management in Lushang group.Through analysis,the main problems existing in the centralized fund management of Lushang group at present are:low fund concentration and utilization ratio,insufficient supervision of the centralized fund management,lack of prominent management functions of financial companies,lack of characteristic services and perfect risk management system,etc;through summary,the main reasons for the above problems are imperfect budget management system and lack of perfect risk management system Effective supervision and restraint mechanism,the duplication of functions between financial companies and commercial banks,and the lack of awareness of risk prevention.Finally,by clarifying the objectives and principles of centralized fund management,we should reevaluate the rights of various stakeholders,improve the mechanism of capital budgeting,enhance the accuracy of the group's capital position prediction,set up the group's capital supervision committee,build the group's financial supervision committee mechanism,establish an independent internal audit Department,actively expand the financial services business of the industrial chain,and increase In order to strengthen the intermediate business ability of group finance company,optimize and perfect the risk identification and early warning mechanism of group capital centralized management,build a perfect internal control and credit risk control mechanism,and attach importance to the construction of risk management culture,the paper puts forward countermeasures and suggestions to improve the capital centralized management of Lushang group.And from the organization,system,personnel,technology,capital and other five aspects,this paper puts forward the guarantee measures for the implementation of the fund centralized management improvement strategy of Lushang group.This paper studies the strategy of capital centralized management of Lushang group,in order to improve the efficiency of capital use and prevent risks of Lushang group.At the same time,it hopes to provide useful reference for other conglomerates in the same industry.