Building a financial capital operation platform for enterprise groups

Building a financial capital operation platform for enterprise groups

Accelerating the creation of a financial capital operation platform for enterprise groups is of great significance to enterprise groups at this stage. Below I have compiled for you some information about enterprise group finance. Let’s take a look at the articles on capital operation:

1. The significance of building a financial capital operation platform for enterprise groups

As we all know, when the development of an enterprise group reaches a certain stage, it will inevitably face The transformation of the financial system caused by factors such as volume increase. As the decision-making center, enterprise groups must accelerate the creation of financial capital operation platforms in the face of this change. This is extremely important for any large enterprise that wants to remain invincible in the current market environment.

As for the financial capital operation platform, it roughly includes three different forms of operation: the first refers to the indirect financing of enterprises through banks through more traditional means. However, the financial development of an enterprise group does not just require simple financing, but requires the ability to seize the development of good investment projects and scarce resources under the premise of safety and efficiency, so as to lay a good foundation for the subsequent development of the enterprise. . The second type refers to the use of information technology by enterprises in their operations to accelerate the construction of enterprise information systems by improving information services and creating a platform that can centrally manage the funds of enterprise groups. At present, there are still few domestic enterprises that realize financial capital operation through this method. A few enterprise groups such as PetroChina, Shanghai Automobile, and Shanghai Electric are relatively outstanding in this aspect. The third model is to break through the traditional model of indirect cooperation between enterprises and banks based on the first model. It is not simply indirect financing, but to integrate the financial capital of the enterprise group with its financial capital and make full use of the financial company. Financial platforms such as financial institutions and securities institutions maximize the role of various financial instruments and provide stronger support for the transformation and development of enterprises.

2. The impact of the current social environment on enterprise groups to build financial capital operation platforms

In the current environment, the development speed of enterprise groups themselves is gradually accelerating, which requires us to speed up the development of financial capital operation platforms. The speed of building this special business platform, the financial capital operation platform. The reason why enterprise groups are transforming in the direction of financial capital is because the operation of this platform itself has many inherent advantages and is accompanied by good opportunities.

First of all, the enterprise group has very obvious industrial advantages, good development prospects, and strong strength and reputation, which undoubtedly provides excellent prerequisites for building a financial capital operation platform.

Secondly, with the development and growth of enterprise groups, new financial instruments and financial products are constantly used to serve enterprises in capital operations, and the role of maintaining and appreciating the value of capital is achieved through capital investment and flow. , these are all strategic events in the development of enterprise groups.

Thirdly, at present, the development of enterprise groups is advancing in the direction of integration, groupization, and marketization. This development direction is extremely beneficial to the construction of financial capital operation platform.

Finally, during the 12th Five-Year Plan period, the State-owned Assets Supervision and Administration Commission required an increase in the securitization rate of state-owned enterprises, and the construction of Shanghai International Financial Center and other measures have made the political, economic and other external environments more conducive to the operation of financial capital of enterprise groups. Platform construction. At this point, government policies have played a role in promoting and accelerating to a certain extent.

3. How to give full play to the advantages of enterprise groups in the process of building a financial capital operation platform for enterprise groups

In the process of building a financial capital operation platform, enterprise groups can benefit from many aspects Play to your strengths. The following is an example of a foreign-funded joint venture to briefly explain from four aspects.

The first is to establish industrial funds and use external funds to develop enterprises. Shanghai Huayi Group’s exploration in this area is a very typical case.

The second is to cooperate with banks through financial companies to build the internal banking and capital operation platform of the enterprise group. In this way, enterprises can achieve efficient internal circulation and management of funds by establishing foreign exchange pools, capital pools, bill pools, etc., and play the role of "cutting peaks and filling valleys" while expanding investment channels.

The third is to speed up the securitization process of capital and achieve the listing of the entire enterprise group as soon as possible. At the same time, through the issuance of exchangeable bonds and other means, the liquidity of the shares held by the group will be strengthened, so as to optimize the company's capital structure and support the company's rapid development.

In addition, during the actual development process, enterprise groups can also establish overseas branches and take advantage of the advantages of low overseas capital costs and low tax burdens to give full play to the multiple functions of the group's capital operation and accelerate Group development. With the changes in the market economy, we should timely adjust the corporate structure and response strategies, flexibly use the financial functions of the enterprise group, and give full play to our own advantages.

4. Rapidly establish a corresponding team of financial talents

The competition between countries is actually a competition for talents. ?Similarly, it can be said that the competition between enterprises is more of a competition for talents. In the current environment, the most critical point in accelerating the creation of a financial capital operation platform for enterprise groups is whether it can recruit a matching talent team. Then this article will make the following suggestions here:

First, recruit high-end financial talents through headhunting companies, publishing recruitment information and other channels. The most basic and primitive method. Although this method has many disadvantages, it is also the most direct and effective way.

The second is to cooperate with major financial schools and financial institutions at home and abroad to cultivate senior management personnel within the group in a planned manner and form a high-end talent group centered on management.

The third is to provide reference for the development of enterprises in this area by inviting senior executives from the banking and financial industries to provide information and make specific suggestions on the operation of market financial capital. Use external forces to relieve the pressure of insufficient internal talents.

Through the above three points, we can recruit financial talents faster and better, develop the talent team within the enterprise, and provide support for accelerating the creation of a financial capital operation platform for enterprise groups. Only by mastering enough talents can we truly build an efficient, fast and safe financial capital operation platform for enterprise groups.

5. Avoid risks and reduce losses

In the face of the increasingly mature capital market environment, how to ensure that the risks faced by enterprises are reduced to the lowest level while exploring the field of financial capital. The minimum is undoubtedly something every company must consider. While accelerating the creation of a financial capital operation platform, enterprise groups must not only seize opportunities and use their own advantages to develop rapidly, but also be cautious, always guard against the arrival of risks, and make psychological preparations and business countermeasures for the risks and challenges they are about to face. . In the process of building a financial capital operation platform, enterprise groups may encounter the following challenges:

First, due to the impact of excessive industry competition and market cyclicality, group operations usually produce certain regular problems. There are cyclical fluctuations, and some groups' earnings are sometimes volatile. Due to the uncertainty of valuation during this period, it is likely that the capital premium will not be high, preventing the cost of capital from falling.

Secondly, the lack of clarity about future development projects has caused corporate groups to face difficulties when financing. The investment direction has no bright spots and the subject matter is ordinary, which will directly affect the final decision of investors. Affected by this, in actual operation, the decision-making on investment direction within the enterprise group becomes particularly critical.

Thirdly, a large number of enterprise groups have improperly handled existing stock issues. From the perspective of overall listing, the difficulty is much greater than that of ordinary groups.

Finally, since most of my country’s enterprise groups are still in their infancy with their understanding of the financial capital market, there are still great challenges in the process of expanding and accelerating the exploration of the depth and breadth of the operation of the financial capital market. Risks, and the imperfections in its talent system and risk control mechanism, as well as the inability to match them in a timely manner, also need to be resolved urgently. It should be noted that behind the crisis there are bound to be greater interests. As long as you seize the opportunities in investment, make prompt decisions, and respond well when facing risks, you will be able to turn risks into opportunities and create a lot of wealth for the enterprise group. ;