The integration of international economy dominated wi th the financial market leads to fierce competition. This requires firms impleme nt modern corporate financial mechanism. From the view of the current situation of...The integration of international economy dominated wi th the financial market leads to fierce competition. This requires firms impleme nt modern corporate financial mechanism. From the view of the current situation of financial management in China, we demonstrates the differences in financial m anagement between Chinese enterprises and international companies by describing detailed case studies of typical large enterprises in China. To transform the enterprise management mechanism, the enterprise financial m echanism must be transformed accordingly. The basic ideas for its transformation and establishment include: 1. Changing the managerial ideology, that is, completing the ideological chan ge from the management of goods to the management of capital; 2. Establishing a scientific organizational mechanism for financial managemen t; 3. Establishing a mechanism for scientific management, supervision and assess ment; 4. Training high-level financial management personnel with modern management knowledge; 5. Dividing promotion center, distribution center, cost center and profit cen ter in financial division. In view of the above basic ideas and basic principles for the transformation and establishment of enterprise financial mechanism, we found that: the basic conte nt that needs transformation in the theory of China’s traditional enterprise fin ancial mechanism should include the content of finance main body, the content of financial objectives, the content of financial organizational structure and the content of environment for financial management. At the same time the following theories should be introduced, particularly the theories of capital time value, of risk in finance management and risk management, of the capital cost and capi tal structure, so as to establish a basic theoretical framework for the modern e nterprise financial mechanism. Based on the analyses, this paper discusses the impacts of economic globaliz ation to Chinese large enterprises and their financial management systems. From the current situation of Chinese companies’ financial management, this paper dem onstrates the adaptations to the differences in financial management of Chin ese enterprises with case study.展开更多
'Acompany shall have its commitment to build a century-old business if it hopes to continue operation for a long time.'John Soo is the third generation of Chinese immigrants in Malaysia and CEO of Ally Biz Int...'Acompany shall have its commitment to build a century-old business if it hopes to continue operation for a long time.'John Soo is the third generation of Chinese immigrants in Malaysia and CEO of Ally Biz International Group. His forefathers were engaged in traditional plantation business. As a new-generation Malaysian Chinese who have received higher education and worked in many international companies as accountant or CEO, John Soo found that the business opportunities in traditional plantation industry has becoming slim. The challenge is to seek a better business project for new breakthroughs.展开更多
The Wenzhou Liushi Industrial Zone is a well-known electrical appliances area which borders on Huanghua Harbour. The No.104 national highway cuts through the zone which is 40 kilometres away from Wenzhou Airport. The ...The Wenzhou Liushi Industrial Zone is a well-known electrical appliances area which borders on Huanghua Harbour. The No.104 national highway cuts through the zone which is 40 kilometres away from Wenzhou Airport. The headquarters of Wenzhou Zhengtai Group Co., a unique white and blue building, stands out from many other buildings in the zone and attracts attention.展开更多
The Shandong Jiuyang Enterprise(Group) Corporation is a large nationalenterprise,with a staff of 3,800.It hasabout 100 varieties of products including pigiron,casting piece,bearing,crankshaft,fan,spring starter,brake ...The Shandong Jiuyang Enterprise(Group) Corporation is a large nationalenterprise,with a staff of 3,800.It hasabout 100 varieties of products including pigiron,casting piece,bearing,crankshaft,fan,spring starter,brake plate and hub,andmodified alloys for special steel.Amongthem,the speed transforming bearing seriesmade to the patents of the USA,the UK andFrance,spring starter developed at home,and new-type dispatch winch,obtain展开更多
The China Commercial Group(CCG) isan economic complex,linked by nationalassets,with commerce as its mainbusiness:It is a diversified operation composedof multiple legal persons;and it is a multi-level,multi-functional...The China Commercial Group(CCG) isan economic complex,linked by nationalassets,with commerce as its mainbusiness:It is a diversified operation composedof multiple legal persons;and it is a multi-level,multi-functional,trans-regional,transnational and trans-industrial enterprisegroup.展开更多
In the course of pushing forward the overall growth capacities of the mining industry and getting adapted to the tense competition after China抯 entry into WTO, it is quite necessary to speed up the process of fosteri...In the course of pushing forward the overall growth capacities of the mining industry and getting adapted to the tense competition after China抯 entry into WTO, it is quite necessary to speed up the process of fostering large state-owned coal group enter-prises. This strategical proposal is made on the basis of a comprehensive analysis of the main problems challenges faced by the coal mining industry is made on. The main prob-lems with Chinese coal mining industries discussed include: over-competition with a low convergence, severe waste and loss of mine resources with poor exploitation techniques, disordered operation with few industrial entry barriers, heavy welfare burdens from low socialization. The accession of WTO provide Chinese coal mining industry with chances to push forward the reforms and structural shift in the enterprises, expedite the estab-lishment and perfect of coal mining market mechanism, expand their international market share as well as introduce foreign investment, and with challenges from high technology, knowledge economy, and information revolution. The solutions to the foster of large-scale coal mining group enterprises, as well as the possible points to note and the policy pro-posal are advanced.展开更多
Recently,the Department of Industry and Information Technology of Inner Mongolia Autonomous Region issued the Announcement on Publicity of Special Funds for the Development of Key Industries in 2023(the third batch),a...Recently,the Department of Industry and Information Technology of Inner Mongolia Autonomous Region issued the Announcement on Publicity of Special Funds for the Development of Key Industries in 2023(the third batch),and six enterprises,including China Northern Rare Earth(Group),were awarded as demonstration benchmark enterprises for industrial digital transformation in Inner Mongolia Autonomous Region.展开更多
文摘The integration of international economy dominated wi th the financial market leads to fierce competition. This requires firms impleme nt modern corporate financial mechanism. From the view of the current situation of financial management in China, we demonstrates the differences in financial m anagement between Chinese enterprises and international companies by describing detailed case studies of typical large enterprises in China. To transform the enterprise management mechanism, the enterprise financial m echanism must be transformed accordingly. The basic ideas for its transformation and establishment include: 1. Changing the managerial ideology, that is, completing the ideological chan ge from the management of goods to the management of capital; 2. Establishing a scientific organizational mechanism for financial managemen t; 3. Establishing a mechanism for scientific management, supervision and assess ment; 4. Training high-level financial management personnel with modern management knowledge; 5. Dividing promotion center, distribution center, cost center and profit cen ter in financial division. In view of the above basic ideas and basic principles for the transformation and establishment of enterprise financial mechanism, we found that: the basic conte nt that needs transformation in the theory of China’s traditional enterprise fin ancial mechanism should include the content of finance main body, the content of financial objectives, the content of financial organizational structure and the content of environment for financial management. At the same time the following theories should be introduced, particularly the theories of capital time value, of risk in finance management and risk management, of the capital cost and capi tal structure, so as to establish a basic theoretical framework for the modern e nterprise financial mechanism. Based on the analyses, this paper discusses the impacts of economic globaliz ation to Chinese large enterprises and their financial management systems. From the current situation of Chinese companies’ financial management, this paper dem onstrates the adaptations to the differences in financial management of Chin ese enterprises with case study.
文摘'Acompany shall have its commitment to build a century-old business if it hopes to continue operation for a long time.'John Soo is the third generation of Chinese immigrants in Malaysia and CEO of Ally Biz International Group. His forefathers were engaged in traditional plantation business. As a new-generation Malaysian Chinese who have received higher education and worked in many international companies as accountant or CEO, John Soo found that the business opportunities in traditional plantation industry has becoming slim. The challenge is to seek a better business project for new breakthroughs.
文摘The Wenzhou Liushi Industrial Zone is a well-known electrical appliances area which borders on Huanghua Harbour. The No.104 national highway cuts through the zone which is 40 kilometres away from Wenzhou Airport. The headquarters of Wenzhou Zhengtai Group Co., a unique white and blue building, stands out from many other buildings in the zone and attracts attention.
文摘The Shandong Jiuyang Enterprise(Group) Corporation is a large nationalenterprise,with a staff of 3,800.It hasabout 100 varieties of products including pigiron,casting piece,bearing,crankshaft,fan,spring starter,brake plate and hub,andmodified alloys for special steel.Amongthem,the speed transforming bearing seriesmade to the patents of the USA,the UK andFrance,spring starter developed at home,and new-type dispatch winch,obtain
文摘The China Commercial Group(CCG) isan economic complex,linked by nationalassets,with commerce as its mainbusiness:It is a diversified operation composedof multiple legal persons;and it is a multi-level,multi-functional,trans-regional,transnational and trans-industrial enterprisegroup.
文摘In the course of pushing forward the overall growth capacities of the mining industry and getting adapted to the tense competition after China抯 entry into WTO, it is quite necessary to speed up the process of fostering large state-owned coal group enter-prises. This strategical proposal is made on the basis of a comprehensive analysis of the main problems challenges faced by the coal mining industry is made on. The main prob-lems with Chinese coal mining industries discussed include: over-competition with a low convergence, severe waste and loss of mine resources with poor exploitation techniques, disordered operation with few industrial entry barriers, heavy welfare burdens from low socialization. The accession of WTO provide Chinese coal mining industry with chances to push forward the reforms and structural shift in the enterprises, expedite the estab-lishment and perfect of coal mining market mechanism, expand their international market share as well as introduce foreign investment, and with challenges from high technology, knowledge economy, and information revolution. The solutions to the foster of large-scale coal mining group enterprises, as well as the possible points to note and the policy pro-posal are advanced.
文摘Recently,the Department of Industry and Information Technology of Inner Mongolia Autonomous Region issued the Announcement on Publicity of Special Funds for the Development of Key Industries in 2023(the third batch),and six enterprises,including China Northern Rare Earth(Group),were awarded as demonstration benchmark enterprises for industrial digital transformation in Inner Mongolia Autonomous Region.
