Study On Exchange Rate Management Strategy Of China's Enterprises

March 2011, our government announced the second Five-Year Plan, outline clearly to "perfect the market-based, managed floating exchange rate system", stalled for two years to restart the reform of RMB exchange rate, exchange rate into a new period of adjustment. Currently, the international financial crisis has continued, the European sovereign debt crisis is still spreading, Japan earthquake and tsunami and the continuing effects of nuclear radiation, this series of complex changes in the international political and economic situation make the yuan against the U.S. dollar, euro, yen, etc. settlement of major international currencies volatility. In 2010, the total amount of China's exports＄1.58 trillion, ranking first in the world, transnational capital operation, corporate mergers occur frequently. With China's degree of economic integration with the world economy continues to improve, our business and the world are increasingly close economic ties, exchange rate risk has become China's enterprises can not be evaded. With the acceleration of the RMB exchange rate reform, RMB is the subject of financial derivatives has become increasingly diverse, cross-border transactions and the RMB has gradually spread across the country in all provinces, outside the store management and a series of Renminbi new regulations gradually introduced, all exchange rate risk management for the enterprise provides the means and tools.Based on the exchange rate market trends and the current exchange rate of China's enterprise risk management analysis of the status of the poor, learned that China's enterprises urgently need a workable and suitable for China's exchange rate risk hedging strategies.In this paper, by applying to the China's exchange rate risk quantitative way to classify the subject to avoid exchange rate risk in the clear characteristics of each type of enterprise and risk, combined with state of the environment for China's financial and hedging instruments and methods of analysis, the writer suggests a systematic theory of hedging strategies for China's foreign exchange risk management company, providing new ideas and theoretical reference.