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Research Of The Binhai New Area’s Shipping Enterprises’ Financial Risk Prevention System Construction

Posted on:2013-10-26Degree:MasterType:Thesis
Country:ChinaCandidate:W WeiFull Text:PDF
GTID:2249330371995589Subject:Business Administration
Abstract/Summary:PDF Full Text Request
The shipping industry is a capital intensive industry, has a huge amount of investment, investment recovery period is long, high risk industry characteristics. These characteristics decided harbor ship and other enterprises, operating in a lot of financing, risk transfer, as well as loss compensation, price discovery and hedge demand. And the development of financial industry can not only solve the harbor boat and so on company capital is insufficient, loss compensation and hedging problem, give full play to the role of Finance in shipping financing, insurance and price discovery and other aspects of the role, but also for the development of the shipping industry to provide all kinds of deposits, loans, settlement, trust, investment, lease, mortgage, insurance, discount, guarantee, securities issuance and trading, shipping price derivatives and other financial services. Illustrated history of shipping industry and finance industry, permeate each other between fusion relations, and promote mutually, common development. The shipping industry in the financial service has become part of the financial system, and has followed the financial market operation rule. The shipping industry and the financial sector practitioners and researchers to provide a new perspective, put forward new requirements.Because the European debt crisis continues to spread, the economy in USA and EU sharply decreases and market transportation falls, the demand for international shipping reduces, which, in recent years, results in many problems such as excess capacity, slow development of China’s shipping companies. In2006, with Binhai New Area being adopted into the national "Eleventh Five-Year Plan", facing a superior geographical environment and supporting policy, shipping companies of the Binhai New Area promoting the development of China’s shipping industry is a top priority. Facing the establishment of the ship low-carbon trends, shipping companies must accelerate economic restructuring and changing patterns of development, intensify energy saving technology, speed up the adjustment of fleet structure to reduce the capital and advance the enterprises.The paper, from the background of the development of shipping finance, mainly analyzes comprehensively the characteristics of the shipping enterprises in Binhai New Area and China’s financial system. Especially under the financial risk, the risk of shipping companies in Binhai New Area, appropriate policies should be made according to different situations to protect the normal development space of the shipping companies and to encourage shipping companies to constantly improve their risk prevention system, so that the shipping industry of Binhai New Area develop more healthily, more stably.The paper cites the examples to put the financial risk prevention theory into practice of the development of shipping company and puts forward the financial risk prevention system which adapts to its own characteristics and development of shipping companies in Binhai New Area, thus providing a reference to the regional shipping and financial risk prevention management and also provide some suggestions for the improvement and perfection of China’s shipping and financial risk methodology.
Keywords/Search Tags:Shipping, Finance, Coastal Area, Risk Prevention
PDF Full Text Request
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