【正文】 n necessarily rigid, a subsidiary of a lack of operating initiatives。 financial control of the fragmentation will inevitably lead to a subsidiary and its operations in the out of control and excessive pursuit of Economic interests, thus eroding the Group as a whole. The right bination of both centralization and decentralization of financial control functions to play parent panies, subsidiaries, to stimulate enthusiasm and creativity, but also effectively control the risk of the operators and subsidiaries. The appropriate centralization or decentralization that bination of 18centralization and decentralization is conducive to overe the shortings of excessive decentralization or centralization of power is conducive to integrated the advantages of centralization and decentralization. Hybrid model of the financial management of the Group parent pany and subsidiaries are not simply divided equally between the Group39。s financial control. The financial management model, the Group39。s parent pany should implement a uniform system, the identification of financial authority and ine distribution, grouped under two accounting bodies to manage. Enterprise groups should be based on the Group39。s own characteristics, with the articles of incorporation in the form of reasonably determine the Group39。s financial management between the parent and subsidiary rights of distribution。 in delineating the scope of the financial decisionmaking power, the importance of the principles to be followed to determine whether the the parent pany to make the decision. In this mode, fund management, financial management as an important group, that is cash flow as a link. Group39。s parent pany is primarily to enhance the mobilization of funds, delivery and coordination aspects of management. The new financial management model, to overe the extreme authoritarian and extremely decentralized deficiencies. Second, present, China39。s enterprise financial management problems in At present the financial management enterprise groups in China, there are many disadvantages and does not meet the requirements of the healthy Development of enterprise groups. Specifically reflected in the anization unreasonable, unsound financial management aspects: 1. Finance anization unified. At present, China Enterprise Group for financial management and accounting a high degree of unity between the two decisionmaking body overlap, no two grouped according to the financial and accounting institutions, making the functioning of institutions with the inefficiency and high risk. This financial management and accounting, regardless of the tradition, failed to attach great importance to financial management, financial management can not effectively play the healthy Development of enterprise groups to promote and guide. The implementation of financial and accounting anizations grouped, is conducive to strengthening financial management, especially financial management. 192. Enterprise Group financial model not suited to the Group39。s own Development needs. Mainly reflected in: (a) the financial functions of a single, innovative mechanism has not been established. Many of the Group39。s finance department is still based accounting and financial management functions have not been very good play. (2) the distribution of benefits unclear. Since China is not yet sound the distribution of benefits on the enterprise groups, laws and regulations, institutions, in the formation of enterprise groups have different ways and have different binding mode of capital ties and circumstances, the distribution of benefits is the current group of financial management a major challenge. (3), fund management, sprawl, budget management difficulties. Enterprise groups, the lack of a unified financial operations planning and control, arbitrary large, the use of chaos, corporate budget management system difficult to implement. 3. Transposition problem management objectives. Objectives of management transposition phenomenon refers to the member enterprises in the financial management process by inducing, When this tendency is not to regulate, this partial and local interests goals and objectives of the overall interests of the members of the nonplete consistency caused by excessive investment activities of business independence and the lack of team spirit. Many of the current members of the group39。s panies and enterprises in each target group the issue of inconsistency, making it difficult integration of resources, the emergence of the phenomenon of management objectives transposition. Third, how to set up a scientific model of financial management A good grasp of the intensity of centralization and decentralization is the parent pany39。s management activities, face a major problem. Financial management as a plete system, the parent pany should be the budget, investment, funds, assets, accounting policy and financial personnel to control several aspects of the subsidiary and permeate all aspects of business activity, all aspects to achieve the following four a right balance: First, the balance of domestic and foreign investment decisionmaking power. Centralized investment decisionmaking can be used on the basis of an appropriate separation of powers. Secondly, a balanced financial budget management. The budget is a subsidiary of the parent 20pany of the implementation of effective financial management control of an important means, the parent pany should be based on the Group39。s development plans, formulating the overall goal, according to the preparation of the Group39。s longterm planning and annual plans, and the targets assigned to each deposition of subsidiaries。 subsidiary under the parent pany of the indicators and units issued by the specific circumstances of the preparation of annual budget. The parent pany set up a special budget man