ChemChina held its first vice-CFO training and reporting conference, on Aug 5, at the Central University of Finance and Economics, in the city of Beijing. Taking part were Liao Jiasheng, the vice-director of SASAC’s financial supervision and exam evaluation bureau; Yang Xingqiang, vice-general manager of ChemChina; Sun Hang, general accountant of ChemChina; Liu Junyong, vice-dean of CUFE’s School of Accounting, and various teachers and school personnel.
Liao and the other participants discussed the problems and countermeasures in budget management, the development of an enterprise control system, and judging financial organization reforms, and building a service-sharing center.
Liao described three areas that SASAC says must be followed closely, in finance development, and which are important for employee development. He added that the changes in finance management and integration with business reforms has had some good results since 2006. ChemChina has brought in global practices and professional managers to find a new way to cultivate talented people for its enterprises.
Liao also explained the need for finance changes and said that related departments need to shift from providing external information to internal decision making and support; from traditional finance and accountant to managing accounting; and from a single financial system to capital chains and the integration of finance and business to create greater value and support. Central enterprises need to increase their ability at value creation, he added, and decision-making, risk-prevention, group control, and international operations to develop first-class enterprises.
He went on to say that the trainees need to take advantage of the chance to express their values and help improve management and the finance system of central enterprises.
Liu gave a summary of the goals, the management, and the effect of the training process and added some words of encouragement for the trainees.
In thanking Liao and CUFE, Yang said that the reports represent a spirit of teamwork and new research methods and he asked the trainees to use what they have learned to help the company cut costs, increase efficiency, and create greater value.