| In the context of economic globalization,China’s economic construction has gradually accelerated the pace of development,and the development of state-owned enterprises has also ushered in new opportunities.With the continuous expansion of the business scale of enterprise groups,the financial relationships between the group and its subsidiaries are becoming increasingly complex.In order to achieve high-quality and sustainable development,deepen the reform of state-owned enterprises,and optimize the group’s capital structure,it is necessary for state-owned enterprise groups to implement centralized control of funds.In recent years,the fund pool management model,as a new type of centralized fund management model introduced from abroad,has attracted the attention of major state-owned enterprise groups and gradually become a widely used fund centralized management model.This article introduces relevant concepts such as the fund pool model and the theoretical foundation of the integration of industry and finance.By studying relevant literature on the application and exploration of the fund pool management model at home and abroad,it summarizes the application advantages of the fund pool model in the centralized management of large enterprise groups.By combining theoretical research,case study,and comparative analysis methods,the relevant experience of ZSH Group’s fund pool management was further elaborated,and the management system and operation mode of ZSH Group’s fund pool were introduced in detail;Through a combination of horizontal and vertical comparisons,relevant financial indicators are analyzed,and ZSH Group,as a representative of a large state-owned enterprise group in China,is proposed to improve the liquidity management of funds,strengthen the concentration of funds,improve the level of information construction of the group,and improve the risk prevention system in response to the basic situation of its numerous subsidiaries,large amount of funds,and complex financial relationships,Further optimization is needed in various aspects such as strengthening the cultivation and recruitment of versatile talents.The group should continuously improve the efficiency of fund utilization,supervise the flow of funds,reduce the cost of fund utilization,and strengthen the efficiency of centralized fund management.This article uses the financial annual report data of ZSH Group as the research basis,conducts extensive literature research,and adopts various analytical methods to find and solve specific problems;Through case studies,problems were identified in the fund pool management process of ZSH Group,and targeted solutions were proposed.Based on this,a new model for optimizing fund management by utilizing the fund pool management model in large state-owned enterprises has been proposed. |
