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The fund management system is a collective name for a series of systems designed to raise funds and use funds by enterprises. Because the object of corporate financial management is funds, the fund management system is the core content of the internal financial system of the enterprise. The purpose is to ensure that the funds are safe and complete, and can not only meet the needs for capital in the production and operation of the enterprise, but also Maximize the effectiveness of the use of funds.

Fund management system

The fund management system is a collective name for a series of systems designed to raise funds and use funds by enterprises. Because the object of corporate financial management is funds, the fund management system is the core content of the internal financial system of the enterprise. The purpose is to ensure that the funds are safe and complete, and can not only meet the needs for capital in the production and operation of the enterprise, but also Maximize the effectiveness of the use of funds.

Chinese name

Fund management system

Used for

Manage funds

Nature

system

Object

funds

I. Funding management system ^[1]

Fund management is a professional management work that involves a wide range and a high degree of comprehensiveness. It organizes and monitors and adjusts the financial activities of enterprises and the financial relationships they form, and promotes the overall improvement of production and operations of enterprises. In order to ensure the sustainable, stable and coordinated development of the enterprise, the fund management department must study a reasonable fundraising portfolio and the best capital structure, improve capital efficiency, and optimize resource allocation. Organize enterprise funds to be put in and used reasonably effectively. ^[2]

The group's fund management system is the guarantee of the group's fund management system and the embodiment of the group's fund management will and strategy. In order for the group to implement unified and centralized management of funds, the system must take precedence. ^[2]

Purpose ^[3]

Article 1 These regulations are specifically formulated to strengthen the supervision and management of the use of funds in the company's system, accelerate capital turnover, increase capital utilization, and ensure capital security.

Management agency

Article 2 Fund management is managed by the Ministry of Finance. Under the leadership of the chief financial officer, it handles the settlement, loans, foreign exchange adjustments and fund management of various secondary companies and independent units within the company.

Article 3 The settlement center has dual functions of management and service. In the fund management work, it is the relationship between supervision and being supervised, management and being managed, and in the settlement business, it is the service and serviced customer relationship.

Deposit management

Article 4 In addition to maintaining a deposit account at a nearby bank and handling small amounts of scattered settlement, each secondary company in the company must open a deposit account in the Ministry of Finance to handle various settlement operations. The proportion of the balance must not be less than 80%, and large payments of more than 100,000 yuan must be handled in the Finance Department. Special reports are required under special circumstances, and other bank settlement services can only be retained after approval.

Management of loans and guarantees

Article 5 Limits on loans and guarantees. Each second-tier company in the group should prepare a capital plan according to the profit task issued by the board of directors at the beginning of each year and report it to the finance department. After the financial department comprehensively balances the company's annual task, business development plan, source of funds, and the financial efficiency of each level , Compile fixed amount loans of the head office and the second-tier company, the maximum limit of all loans and the maximum limit of credit guarantee for the second-tier company, and submit them to the board for approval after approval. During the year, the Ministry of Finance will strictly control the scale of borrowings of all secondary companies in accordance with the limit plan. If the business development, loans or guarantees exceed the limit, the special report shall explain the reasons for the funds exceeding the limit, as well as the investment direction, amount and use of new funds. Benefits, after review and verification by the Ministry of Finance, put forward opinions, report to the Ministry of Finance, and add to the Board after approval.

Article 6 Examination and approval of intra-group loans

(1) Where the amount of borrowings within the group is less than 10,000 yuan, the financial department shall review and agree to the financial director for approval.

(2) If the loan amount is more than 10,000 yuan, it shall be reviewed by the Ministry of Finance, and the Financial Controller shall sign the agreement and submit it to the Chairman for approval.

Article 7 Examination and approval of guarantees

(1) When the second-tier company borrows from the bank and requires the head office guarantee, if the amount of guarantee is less than 10,000 yuan, it shall be examined and approved by the chief financial officer.

(2) If the amount of guarantee is 10,000 yuan, it shall be approved by the chief financial officer and approved by the chairman.

(3) If the amount of guarantee is more than 10,000 yuan, it shall be examined and approved by the chairman and approved by the chairman's office meeting. After approval of the loan guarantee, the finance department will go through the specific procedures.

(4) External guarantees are reviewed by the Finance Department, and the financial controller and president report to the chairman for approval after signing.

Approval of other businesses

Article 8 Receipt of a blank check

(1) When handling the settlement business at the Ministry of Finance, blank cheques can be obtained from the Ministry of Finance. The number of each check cannot exceed 5 and the limit of each blank cheque cannot exceed 10,000 yuan.

(2) When receiving a blank check, you must have sufficient deposits in the Finance Department.

Article 9 The foreign exchange adjustment of each second-tier company in the foreign exchange adjustment group shall be handled by the Ministry of Finance in a unified manner. If special circumstances require self-adjustment, it shall be reported to the Finance Ministry for approval.

Article 10 Reduction of interest

(1) Where it is necessary to reduce or exempt the interest on borrowings within the group, the amount of which is within the yuan, shall be reviewed and approved by the Ministry of Finance and reported to the Chief Financial Officer for approval.

(2) If the amount exceeds RMB, the compensation channels must be implemented and submitted to the chairman for approval after being signed by the deputy general manager in charge.

Fund management and inspection

Article 11 The financial department focuses on the safety, efficiency and liquidity of funds, and regularly conducts the following fund inspections and management, and regularly reports to the general manager and chairman on a regular basis according to the inspection.

(1) Regularly check the cash inventories of each secondary company.

(2) Regularly check the settlement of funds of each second-tier company.

(3) Regularly check the reconciliation work of all second-tier companies in bank deposits and in the Ministry of Finance.

(4) Follow-up inspection or random inspection of large amounts of more than 10,000 yuan remitted by the second-tier company in the Ministry of Finance

Statistical report

Article 12 Each second-tier company must submit to the Ministry of Finance the statistics of bank deposits, loans, and settlement business at the end of the month on the 1st of each month. After the Finance Ministry summarizes it, it shall report to the general manager and the chairman on the 2nd of each month. The Finance Department should keep abreast of bank deposit balances in a timely manner and report the balance of deposits to the Chief Financial Officer every two days.