Author(s)

Yujing Zhao, Huazhou Zeng, Yi Man, Jingyi Zhang

Corresponding Author

Huazhou Zeng

ABSTRACT

In recent years, the achievements of China’s economic development cannot be achieved without the promotion of state-owned enterprises (SOE). Corresponding to the rapid economic development, there are problems in the management of state-owned enterprises, the most important of which is the continuous growth of costs within the enterprises. These problems are the major obstacles to the development of state-owned enterprises in China. State-owned enterprises must strengthen their internal cost control and improve the financial management of state-owned enterprises in order to get rid of the shackles and achieve development. This paper analyzes and studies the current situation of state-owned enterprises’ operation, the problems of cost management and solutions.

KEYWORDS

Cost control, state-owned enterprises (SOE), financial management