| Derivative financial instruments is the high-tech products in the wave of financial innovation, its unique features of avoid dangerous and hedge has attracted businesses'favor. However, the characteristics of "double-edged sword" of the derivative financial instruments, make it risk go hand in hand, and if use improper, the risk will show infinite amplification effect. Derivatives abuse not only caused incalculable damage to the financial companies and real economy, but also will give rise to the country's financial risks, political risks and even the global economic recession. In 2008, China's enterprises and banks suffered huge loss from investing in derivative financial instruments. The series of huge loss events has sounded the risk of the alarm to the enterprise investing in derivative financial instruments again and again. The topics takes the risk control theory as basis, from the perspectives of our business investment in financial derivatives, Through analysis the concept,types and characteristics of the derivative financial instruments in attempt to identify the risks of enterprises invest in derivative financial instruments for corporate assets, cash flow, and other stakeholders. Went on to prevent the risk measurement model of business invest in derivative financial instruments, through analysis the status and reasons of China's enterprises investment, summarized up that enterprises invest in derivative financial instruments should take strong initiatives such as establish risk control segment, establishment investment derivation financial instruments'security value, full disclosure the investment information, train professionals, the CBRC and Securities Regulatory Commission should adopt a comprehensive real-time monitoring, resolutely block and prevent foreign investment banks use derivative financial instruments to transfer investment risk, and so on.In order to enhance the decision and avoid risk ability of businesses by using the derivative financial instruments. |
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