The Group Held 2011 Financing Meeting in Beijing
The Group’s Financing Meeting is held in Beijing Yinianshan Hotel on Dec. 14th and 15th.
The Group’s chief accountant Xu Zhen made a review of the achievements of the financing work in 2011 and spoke highly of the effects of the work in centering the Group’s developing strategy, improving financing structure, reacting to markets, avoiding risks as well as providing financial guarantees. Taking the target defined by the State-owned Assets Supervision and Administration Commission in the financing meeting of central enterprises, the group realized the overall upgrading of financing management through the financing reforming and financial management reinforcing. Xu also raised the following working requirements: 1) to sturdily push forward the financing informatization and raise the efficiency of reporting, examining and approving procedures of the statistics of budget and final account; 2) to strengthen the control over risks and standard examinations, especially that of fundamental documents and contracts; 3) to establish financing companies and form centralized financing management; 4) to reinforce the examination of budget and final account of projects; 5) to go deep in the study of the tendency of the next year’s financing situation and play a coordinating role.
The supervisor of the State-owned Assets Supervision and Administration Commission Wang Xiangxin was invited to give a speech during the meeting. He reviewed the development of China Chengtong over the past three years and approved the Group’s development. He also analyzed the problems for the present period and gave his suggestions to the work.
The Group’s financial management center made clear of the work of editing and reporting final accounts and the work of the board of supervisors. The operating management center arranged the work of the budget for businesses.
Persons in charge in the financing department of the Group headquarter and the secondary companies, financing staff taking charge of reporting budget and final account, as well as labor and capital management amounting to 50 attended the meeting.