We compare the capital management with property regroup and produce management from the behavior , operate purpose , range etc . , and use the swot at the same time to analyse the present condition of the china telecom for further discussing the impetus and the effect of the capital management in china telecom 并将资本运营和资产重组、生产经营从行为主体、经营目的、范围等方面进行了全面比较，同时用swot法对我国电信企业的现状进行了分析，进一步探讨了我国电信企业资本运营的动因及效用。
This paper uses the relevant knowledge of economics and management synthetically , adopting the method that quantitative analysis combines with qualitative analysis , combining the concrete conditions of the capital operation of forest industry in the heilongjiang province have done concrete and deepen research on the question of capital operation of forest industry 本文综合运用经济学和管理学的相关知识，采用定量与定性分析相结合的方法，结合黑龙江省森工企业资本运营的具体情况就森工企业资本运营问题作了具体深入的研究。
The fourth chapter discusses the mode of the current state - owned capital management . it points out that , as a subsidiary company of the china telecom , chengdu telecom should start with the inside capital management to make sure the whole china telecom grow steadily and fleetly 第四章分析了现有国有企业资本运营的方式，指出成都电信作为中国电信下属的一个电信运营企业，其资本运作在中国电信整体资本运作中应采取的方式是夯实基础，从内部资本运营入手，以促使中国电信整体资本运营的高效开展。
Content : from the nineties of 20th century , the wave of chinese enterprise capital management is urging . a11 kinds of types are appearing one after another . the spread of capital management , as an important method of development and reform , also as an innovation of system , will contribute to the adjustment of economic structure , the best installation of resource . it is of great significance to enhance the competing power and to realize the converge of superiority . in recent years , the theoretical and practical class has unprecedingly focused on the research of capital management 正文：二十世纪九十年代以来，我国企业资本运营方兴未艾，兼并、收购、股份制改造、分立、剥离、公司控制等各种资本运营方式层出不穷，资本运营作为企业发展和改革的重要途径以及一种制度创新，在我国的大力开展，将有利于调整经济结构，促进资源优化配置，对增强企业市场竞争力和实现企业优势集中等都具有十分重要的意义。
This dissertation clears out the definition of capital and capital operating , focuses in the basic theory and analyzes the application of the theory in shipping enterprises according to the actual capital operating in our shipping enterprises . it summarizes the achievements and problems and forwards some strategy based on a case of capital operating 本文首先明确了资本及资本运营的基本概念，着重研究了资本运营的基本理论，并结合我国航运企业资本运营情况的实际，分析了基本理论在航运企业的具体应用，总结我国航运企业在这方面取得的成绩，分析存在的问题。
