1.引言 公司集团化是企业改革的一种趋势。所谓集团化,就是企业间以资本为纽带,通过全资、控股、参股等形式组成企业集团。其中,集团公司是企业集团的核心,这就决定了集团公司的资本经营必须成为整个企业集团管理的重点和导向。进行资本经营,是深化国有经济,对国有经济进行战略性重组的必然要求,又是现代企业发展的必由之路。纵观世界前100家大型跨国公司的发展史,无一不是通过资本经营成长的。集团公司要不断 1. Introduction Corporate collectivization is a trend of enterprise reform. The so-called group, that is, capital between enterprises as a link, through wholly-owned, holding, shares and other forms of enterprise groups. Among them, the group company is the core of enterprise group, which determines that the group company’s capital management must become the focus and direction of the management of the entire enterprise group. Carrying out capital management is an inevitable requirement for deepening state-owned economy and strategic restructuring of the state-owned economy and the only way for the development of modern enterprises. Looking at the history of the world’s top 100 multinational corporations, they both grew through capital management. Group companies to keep