(A) Small scale and few sources of funds restrict the development and operation of finance companies.
The finance company's funds mainly come from the long-term and short-term deposits and entrusted deposits of various units within the group company. There are relatively few sources of funds and the scale of funds is small. Most financial companies only have a registered capital of several hundred million yuan. Therefore, the financial company's business activities are bound to be subject to administrative intervention by the group company; Due to the relatively small scale of funds, limited financial functions, low operational capacity and small business volume, the income is bound to be less. At the same time, there are financial risks such as interest rate risk, exchange rate risk and liquidity risk. Therefore, the development of finance company's business is limited.
(B) the lack of management model has affected the formulation of financial decisions.
Mainly manifested in the following two aspects: on the one hand, each branch within the group company conceals the stock of monetary funds from its own interests and deposits the cash of the branch company in other financial institutions other than the finance company to obtain high interest. Thus weakening the financial company's management ability and fund supervision and management ability; On the other hand, the central bank has strict control over the areas and projects operated by financial companies. For example, the restrictions on setting up branches in different places are very strict, which makes it impossible for financial companies to operate cross-regional funds. Therefore, the lack of supervision and management of foreign construction project funds has affected the financial strategic decision of financial companies. In this respect, we are not fully in line with international standards, and the management mode is relatively backward.
(C) The homogeneity of products and the shortage of financial products have brought great pressure on the profits of financial companies.
Compared with major financial institutions, the products of financial companies are nothing more than services such as settlement, deposit and loan within group companies. These business scopes are homogeneous with those of major financial institutions, lacking innovation and competitiveness. Major financial institutions have taken preferential policies to the extreme. Therefore, financial companies have almost no advantage in product development, which further limits the business scale of financial companies. If a financial company maintains its business scale by raising the deposit interest rate and lowering the loan interest rate, it will inevitably increase its own costs and reduce the profit margin.
(D) The personnel quality of financial companies is relatively poor, and it is difficult to make outstanding contributions to the capital operation of group companies.
Because the staff of finance companies are mostly transferred from accounting departments, they are unfamiliar with financial planning, and their service awareness and marketing concept are relatively backward. In addition, the educational level of the personnel is not high. According to online data, 6% of all employees have a postgraduate degree, and only 4% have a senior professional title. Therefore, it is difficult for such a business team to make outstanding contributions to the capital operation of the group company. In this regard, commercial banks and international finance companies have done a good job.
Due to the above reasons, financial companies violate the rules from time to time. For example, the first domestic financial company delisted? Huacheng Finance Company is crazy about real estate speculation, high deposits, high loans, blind investment and high interest loans, and has embarked on the road of no return. Its loss has exceeded 30% of the registered capital, exceeding 10% for three consecutive years.
Second, do a good job in the basic countermeasures for the operation of financial companies
(A) China's financial company management system and management model should learn from international experience.
Should we be in line with international standards, give financial companies greater operational autonomy, and allow financial companies to operate in a benign manner in terms of financing and investment? Diversification? . For example, handle the financial, financing consulting and consulting business of member units and other social units; Insurance agency business; Loans and financial leasing; Issuing corporate bonds; Interbank lending, etc. Besides, it should be strengthened? Industry self-discipline awareness? Strengthen the supervision and management of the central bank and nip the signs of illegal activities in the bud.
(B) to coordinate the following two relationships
1. Relationship between group companies and financial companies. Group companies should attach importance to and support the development of financial companies and give them certain independent rights; Financial companies should pay attention to the overall interests of the group companies, rely on the group and serve the group. In order to maximize the interests of the group company as the financial management goal, we must adhere to the principles of liquidity, safety and efficiency of capital operation.
2. The relationship between supervision and service. Financial companies should not only serve the member units, but also supervise the member units to implement the laws and regulations of the group company and the state.
(C) adhere to the four basic functions
These basic functions are settlement function, financing function, capital operation function and consulting service function. In this regard, Yi Tuo Forsyte Group Company has done a good job, and in 2006, it raised 600 million yuan for enterprises, with remarkable results. To give full play to this function, enterprises must have a set of scientific and strict rules and regulations to ensure that all member units put the overall interests first. It is convenient for the operation of the overall funds of the enterprise.
(d) Finance companies should develop new products and services within the scope permitted by national laws.
New services and products should have outstanding characteristics and innovation. For example, financial consulting services for other enterprises and individuals in society can be carried out.
(E) With the help of trade associations, vigorously improve the professional quality and professional ethics of employees of financial companies.
The ancients said: whoever has extraordinary merits must have something extraordinary. The financial industry in 2 1 century is a high value-added industry based on knowledge. If financial companies want to occupy the main position in the future competition, they must cultivate a team of high-quality and high-level financial personnel. Talent is the intangible assets of enterprises and the key factor of competitiveness. Therefore, financial companies should:
1. It is necessary to intensify personnel training, select young and promising employees in batches for further study, establish a good incentive and education and training mechanism, and cultivate a group of compound talents who know financial professional knowledge, computer technology, international financial regulations and international practices and can skillfully use foreign languages;
2. We should intensify personnel reform, and promote those comrades who have good political ideas, strong professional ability and know how to operate and manage as soon as possible, so as to truly realize it? Cadres can go up and down, wages can be high and energy can be low, and personnel can enter and leave? Dynamic employment model based on;
3. It is necessary to increase the introduction of talents, provide preferential treatment, attract some urgently needed professionals, and achieve the purpose of constantly replenishing fresh blood and enhancing the vitality of competition;
4. It is necessary to intensify the development of talents, closely focus on the key link of human resources development and effective allocation, and establish and improve the mechanism of talent planning, training, assessment, growth, reward and punishment. Only in this way can financial companies be in an invincible position in the future talent competition.
(6) Improve the infrastructure construction of finance companies.
With the rapid development of modern science and technology, especially computer and information technology, the financial industry is facing a profound change, showing the development trend of electronic service, digital management and paperless business process. In particular, the emergence of online banking has caused a fundamental change in the means and methods of bank operation and has become the key for banks to seize the commanding heights in the future competition. At present, the electronic construction of financial companies is not only obviously different from other domestic financial institutions, not to mention compared with foreign counterparts, but also the financial companies are basically self-contained and very different from each other. In this regard, financial companies should attach great importance to their own electronic construction, which is the only way to be invincible in the future competition. Because it can not only greatly improve the quality and level of service, but also effectively reduce operating costs. According to experts' calculation, the transaction cost of online banking is only one third of the traditional transaction cost, and the transaction speed and accuracy are greatly improved. In addition, with the continuous innovation of financial business, some emerging financial businesses must be supported by modern technology to increase the proportion of high value-added businesses, thus enhancing the profitability of financial companies.
(seven) efforts to improve the comprehensive operating strength of financial companies.
While the iron is hot, it needs to be hard, and the essence of competition is actually a contest of their respective strengths. It is extremely urgent to strengthen the operational strength of financial companies as soon as possible, and its main work has two aspects:
1. Actively promote the reorganization and combination of financial companies, especially the merger and reorganization of some industrial group companies such as electric power, petroleum and petrochemical, aerospace and other internal financial companies, in order to meet the needs of national industrial development and industrial system reform;
2. According to the basic framework of the modern enterprise system, improve and perfect the management system, and adjust the business philosophy and development strategy of financial companies according to the changing trend of the future market and the development direction of the international financial industry, so as to ensure that China's financial companies can maintain long-term and stable development in the future process of world economic and financial integration.
To sum up, accelerating the pace of transnational operation of China's financial companies, expanding their financial functions and liberalizing various restrictions on financial companies will make it possible for financial companies to strengthen foreign cooperation and seek social services, and achieve moderate financing and operation, and its development is expected. In order to promote the rapid and healthy development of the group company.