Coal enterprises; Development; study
A prominent feature of modern enterprises is the separation of ownership and management rights, which means more specialized division of labor and decentralized management system. Under the trend of decentralized operation, centralized financial management is also an international practice, and the financial companies of enterprise groups are often the core platform for centralized financial management. With the deepening of the reform of state-owned enterprises in China and the continuous improvement of the relevant management systems of the regulatory authorities, the financial companies of enterprise groups have developed rapidly. China/KLOC-More than 0/00 large enterprises have their own enterprise group finance companies. However, due to policy restrictions, different understandings of enterprise groups and the current unstable economic and financial environment, the whole industry of enterprise group finance companies is in a critical period of development.
I. Development trend
Shanxi Coking Coal Group Corporation (hereinafter referred to as "Shanxi Coking Coal Group") is a state-owned enterprise in Shanxi Province. According to the basic orientation of the board of directors of Shanxi Coking Coal Finance Company at the beginning of its establishment, Shanxi Coking Coal Finance Company, as a professional financial platform of the group, should also undertake the responsibilities of fund supervision such as account management, fund settlement, bill management, financing management and fund monitoring of the enterprise group to a certain extent. According to the growth requirements of "laying a solid foundation, consolidating and improving, and innovating and developing" in the previous three years, Shanxi Coking Coal Finance Company quickly entered the track, standardized its operation, improved its internal management mechanism, accelerated the construction of financial platform, promoted the innovation of financial products, and strengthened centralized supervision of funds, which played its due role in improving the financial and capital management of Shanxi Coking Coal Group, improving the quality of economic operation and promoting the optimization of economic structure.
Since its establishment, Shanxi Coking Coal Finance Company has continuously strengthened risk management and control, put capital safety in the first place, adhered to the principle of prudent operation and standardized management, and initially established a safety management system based on the safety management system of Shanxi Coking Coal Group and combined with the industry characteristics of financial institutions, effectively eliminating and preventing all kinds of capital safety accidents; Continue to strengthen basic management, and have successively formulated systems and processes such as safety management, internal control, information management, financial management and human resource management, with 92 items of 402,000 words, and the management system is basically mature and stable; We will steadily promote the collection of funds, organize and train more than 500 professional operators, and complete preparations such as computer equipment configuration and safety certificate issuance. After comprehensive comparison, China Industrial and Commercial Bank and other 10 banking institutions were selected to sign direct connection agreements, striving to provide high-quality financial services, gaining the understanding and support of member units, creating a good fund collection environment and achieving good fund collection results. Gradually optimize financial services, further optimize the original fund transfer procedure into a new method combining "zero balance" and "fund limit management" to maximize the "essential security" of settlement methods; Develop electronic receipt and electronic reconciliation system to solve the problems of wide geographical distribution of member units and slow collection of bills and statements, with high service satisfaction and wide praise from member units; Develop internal credit in an orderly manner, revitalize existing funds, reduce external financing needs and costs, and alleviate the "high deposit and loan" situation of Shanxi Coking Coal Group. 20 10 Shanxi Coking Coal Finance Company, as a new member of the industry, participated in the "Three New Cups" Shanxi Banking Loan New Rules Knowledge Competition, and finally reached the finals among 38 financial institutions in Shanxi Province, winning the fifth place.
Shanxi Coking Coal Finance Company has carried out business, mainly including: providing financial financing services, credit checking and related consulting for member units; Assist member companies to realize the receipt and payment of transaction funds; Handling the approved insurance agency business; Handling entrusted loans between member units; Handle bill discount; Handle internal transfer settlement and corresponding settlement, designed by liquidation plan; Absorb deposits from member units; Handle loans from member units, etc. At present, Shanxi Coking Coal Finance Company, on the basis of further promoting its existing business, is applying to the regulatory authorities for securities investment, approving the issuance of financial corporate bonds, underwriting corporate bonds of member units and interbank lending qualifications, and preparing to join the PBOC electronic commercial paper system.
20 1 1 By the end of the year, Shanxi Coking Coal Finance Company had initiated more than 200 member companies with assets of1200 million yuan, up 48% year-on-year, ranking 39th among peers, with a loan balance of 3.8 billion yuan and assets accounting for 32%. Due to limited investment qualifications, there is no foreign investment for the time being. Realized income of 300 million yuan, ranking 43rd among peers. From the perspective of income structure, the growth of interest income is the most important factor to promote income growth, accounting for 98%.
Analyzing the growth process and development status of Shanxi Coking Coal Finance Company, there are still some gaps, mainly due to the fact that employees' awareness of prudence, service and innovation still needs to be continuously enhanced, and the change from stock fund management to liquidity fund management has not been realized, and the change from cash management to realizable fund management has not been realized. The process management such as capital budget control and supervision over the use of large amounts of funds still needs to be improved, and the humanistic care of information systems is not enough, and the customer experience is not high.
Second, environmental analysis
From the inside of the enterprise group, due to the short opening and operation time, incomplete functions, insufficient publicity and communication and other reasons, Shanxi Coking Coal Finance Company's influence in the group is still relatively insufficient, and its functional orientation is vague. Strictly speaking, more work needs to be done in the centralized control of funds. Individual member units do not fully understand the business processes, products, services and preferential policies of financial companies, and there is still some resistance to the centralized service and management intervention of financial companies, which requires more extensive understanding and support.
From the outside of the enterprise group, the regulatory policy has great restrictions on the role of Shanxi Coking Coal Finance Company, and it is difficult to effectively break through. Shanxi Coking Coal Finance Co., Ltd. has not obtained the qualification of active debt and investment business, and the channels for capital entry are narrow. From the practical point of view, other channels are more difficult than short-term integration into interbank lending; There are many policy obstacles in the collection of circulating funds of listed companies in Shanxi Coking Coal Finance Company. The Regulations on the Management of Raised Funds of Listed Companies requires that the raised funds should not be deposited in the financial companies of enterprise groups, which to some extent causes the funds to be idle and cannot be used for the capital turnover of financial companies. Due to the regulation of deposit reserve and credit scale, Shanxi Coking Coal Finance Company's capital utilization is restricted and its capital management ability is reduced. As the most important financial platform of the Group, Shanxi Coking Coal Finance Company has been endowed with high financial expectations, hoping to give full play to its financial functions. However, the objective positioning and policy constraints of the regulatory authorities on the financial companies of enterprise groups have not changed much in recent years, and the development speed of more innovative businesses has been controlled. Due to the restriction of regulatory policies and business varieties, it is difficult for Shanxi Coking Coal Finance Company to provide financial services for the upstream and downstream enterprises in the industrial chain of the group, but only for property-related enterprises, which is difficult to meet the industrial penetration and extension of Shanxi Coking Coal Group. According to the overall strategy of Shanxi Coking Coal Group, during the Twelfth Five-Year Plan period, we will achieve the grand goal of transformation and leap-forward development, and double coal production, income, profits and taxes. While promoting endogenous growth, enterprise groups will take extensive expansion measures such as mergers and acquisitions, and the demand for funds is very strong. Although Shanxi Coking Coal Finance Co., Ltd. strives to make it play the role of supporting group financing, it is difficult for Shanxi Coking Coal Finance Co., Ltd. to solve the contradiction between capital supply and demand only by adopting endogenous financing methods.