Countermeasures For Strengthening Financial Risk Management Of Private Listed Companies In China

< p > China's private listed companies are affected by the control and influence of their parent companies. The lack of scientific decision-making mechanism and reasonable restraint mechanism in investment activities lead to mistakes in investment decisions, out of control of investment activities, < a href= "//www.sjfzxm.com/news/index_c.asp" > investment risk < /a > expansion, and loss of financial resources. < /p >
< p > < strong > (1) improve the structure of < a href= > //www.sjfzxm.com/news/index_c.asp > internal governance < /a > structure and improve the internal environment of financial risk management < /strong > /p >
< p > first, we should optimize the ownership structure and diversify and diversify the ownership structure, so as to form an effective financial balance and financial decision-making mechanism. Secondly, we should further improve the independent director system, get rid of the bondage of large shareholders of private listed companies to independent directors, enhance the independence of independent directors, give full play to the role of independent directors in monitoring and evaluating the financial activities of enterprises, and create a good financial risk control environment. < /p >
< p > < strong > (two) build < a href= "//www.sjfzxm.com/news/index_c.asp > > financial risk < /a > management organization system < /strong > /p >
< p > China's private listed companies should set up specialized financial risk management departments. Financial risk management departments can be divided into three levels: the highest management level, the middle management level and the concrete operation level. The highest level of financial risk management department under the board of Directors consists of three aspects: first, responsible for collecting, collating, analyzing, transmitting, reporting and feedback of financial risk management information; two, responsible for catching and monitoring all kinds of risk signs, identifying and discovering various risks, conducting risk early warning, performing financial risk management early warning duties, and three, monitoring and controlling risk dynamics, and putting forward financial risk countermeasures to the board of directors. Each business department of an enterprise is the middle management level and concrete operation level of financial risk. It can establish financial risk management group according to the business characteristics and needs of various departments, identify and supervise the financial risks involved in the Department, and report to the highest level risk management department of enterprises (Xu Xu, Zeng Yuchun, 2006), so as to concretely target and function of risk management, and realize the purpose of financial risk management in business activities and financial activities. < /p >
< p > < strong > (three) strengthen the sense of financial risk and establish the core position of financial risk management < /strong > < /p >
< p > China's private listed companies have vague strategic objectives and blindly diversify investment. In view of this phenomenon, the management of private listed companies should set up risk awareness, analyze the investment environment and evaluate the feasibility of investment projects, and invest funds in the core industries and fist products of enterprises, so as to increase the rate of return on investment, avoid the risks and losses caused by blind investment, and improve the liquidity and profitability of assets. In addition, the financial risks caused by illegal guarantee in China's private listed companies are more serious. Therefore, we should strictly control the debt risk generated by external guarantee and avoid the black holes due to contingent liabilities as far as possible. (four) establish a financial risk early warning system < /p >
< p > China's private listed companies have imperfect governance structure, imperfect financial control mechanism and potential financial risks. Therefore, risk identification, prediction and monitoring should be strengthened, and an effective early warning system for financial risks should be established to prevent and defuse financial crisis and ensure the safety of the company. < /p >