Title: Applying Capital Collection and Management Platform of Finance Company to Realize Integrated Management for Sales Income
Abstract: As a capital-intensive super-sized enterprise group,the State Grid Corporation of China(SGCC) controls a number of regional and provincial subsidiaries,whose business service covers most part of China.As its tariff payment collection is rather complicated with too many procedures of drafting and transfer,it normally takes much longer time to recover large amounts of revenues arising from electricity sales,which poses a negative effect on the efficient utilization of the money.To help solve the problem,this study introduces the role of a financing company in capital collection and management with the purpose to make full use of the financing platform within the enterprise group.This all new pattern as proposed is believed to help power grid enterprises centralize utilization of the sales income with high efficiency and more in conformity with the stipulations.
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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