1, there should be a perfect asset management system;
2. A sound corporate governance structure;
3. A high-level asset management talent team.
Combined with the above points, the operation and management mode of asset management companies has the following points:
1. Grasp the key points and strengthen senior management.
In accordance with the legal procedures of corporate governance, in order to realize the management and supervision of equity, asset management companies send directors and supervisors to subsidiaries, recommend general managers and financial officers, and accept the inspection and supervision of asset management companies. In order to strengthen the management of the company's senior management personnel, the asset management company has formulated relevant work systems or work guidelines, including post conditions, pre-appointment inspection, appointment and removal procedures, performance procedures, clean practice, regular debriefing, performance appraisal, reward and punishment systems, etc. So that they can effectively perform their duties in the management of the companies they invest in.
2. Strengthen system construction and standardize governance structure.
The development of enterprises depends on the system. To implement standardized management of subordinate enterprises, asset management companies must establish and improve a set of basic rules and regulations that adapt to the operating laws of the market economy, and use the system to guide and supervise the business behavior of the invested companies. In view of the phenomenon that there are rules to follow, no rules to follow and violations to be prosecuted in the past, asset management companies must gradually establish and improve rules and regulations involving all aspects of the invested enterprises, and introduce a series of systems involving investment decision management, asset management, financial management and human resource management. At the same time, according to the requirements of the above-mentioned system, the affiliated subsidiaries and shareholding holding enterprises have established their own procedures and business operation procedures in combination with their own industry characteristics, requirements and operating conditions, forming a two-tier system network to ensure the standardized operation of the company.
3. Implement a comprehensive budget management system and strengthen supervision over enterprises.
Subordinate enterprises are standardized and restructured into modern companies, which belong to asset management companies. At present, the implementation of budget management is a powerful means for asset management companies as parent companies to improve corporate governance structure and management level. The content of comprehensive budget management includes business budget, capital budget and financial budget. Management mode is a set of operation management control system consisting of budget preparation, implementation, internal audit, evaluation and incentive. Comprehensive budget can be used as the benchmark of company performance evaluation, an important basis for enterprise resource allocation, and the main means to control risks, increase income and save costs. In the process of budgeting, a combination of upper and lower levels should be adopted.
4. Strengthen financial management and improve the supervision system.
The financial management and audit supervision of an asset management company to its subsidiaries can be carried out from four aspects: financial budget control, control of major funds and financial matters, appointment of financial supervisor, financial report and audit supervision. Asset management companies manage the financial budgets of their subsidiaries in the form of comprehensive business plans every year. All major capital and financial matters must be approved by the board of directors of the company before they can be handled and reported to the asset management company for the record. Major financial matters of subsidiaries include major investment and financing, external guarantee, merger, division, transfer, Sino-foreign joint venture cooperation, company reorganization, registered capital change, wage system formulation, financial budget, asset loss treatment, etc.
5. Formulate business performance indicators and conduct performance management.
An asset management company shall formulate a business objective system and management measures, assess the operating performance of its subsidiaries, safeguard the rights and interests of investors, and establish an effective incentive and restraint mechanism. The enterprise performance evaluation index will be composed of an index system that reflects the financial benefit, asset operation, solvency and development ability of the enterprise, and can comprehensively and accurately reflect the basic evaluation results of enterprise performance. Each asset management company has formulated its own operating performance appraisal system according to the Measures for Evaluating the Operating Performance of State-owned Capital and the Operating Rules for Evaluating the Operating Performance of Enterprises promulgated by the Ministry of Finance, combined with the characteristics of the industry. In practice, asset management companies can evaluate the operating performance of their subsidiaries through several relatively simple operating indicators, such as return on net assets, net profit, paid-in funds, and payment rate of accounts receivable. They can put forward corresponding opinions and suggestions on rewards and punishments according to the assessment results, and combine the result management with the incentive mechanism to realize the preservation and appreciation of state-owned assets.