In recent years, state-owned enterprises have continuously deepened the centralized management of funds, standardized the operation of funds, optimized the allocation of resources, improved the ability of capital risk management, and the standardization, safety and income robustness of fund management have been continuously improved. This paper is under the background of the electric power system reform of the national energy Group, Taking JS Electric Power Co., LTD. as the research object, analyzing the development of the company's fund management work, and analyzing a series of problems faced by provincial companies in the process of implementing the strategic deployment of high-quality development, Think about how to realize value creation and help the reform of the group's power system by optimizing the provincial company capital management under the new financial management system and mechanism of one body and two wings of the group company.