Interest Rate Risk Management In Chinese Enterprises In The International Financing Research

With the development of financial globalization and economical integration, enterprises of our country are gradually financed from foreign countries in many means. Since Bretton Woods Agreement was broken up, the transition from fixed interest rate to floating interest rate leads to interest rate risk because interest rate frequently fluctuates. So enterprises of our country must seriously deal with and manage interest rate risk. The thesis, whose objective is to address the issue of exchange rate risk management, first systematically introduces the necessary and main ways of enterprise's international financing and analyses the cause of interest rate. Secondly, it measures the interest rate risk in duration and convexivity. Then through calculating and analysing the relation between the six decisive factors of interest rate and interest rate, it finds out the inner link among then and forecasts the interest rate to manage its risk. Finally, it discusses the right choice among the many financial engineering instruments and wholly points out the suggestions on interest rate risk management in our enterprises?international financing.