The Research On Foreign Exchange Risks Management Of Sany Heavy Industry Co. Ltd.

With the further development of world economic integration, China is beingconnected to the world economy closer and closer. The fluctuation and inscrutability offoreign exchange market in the world and the exchange rate risks of every enterpriseshave been deepen．Unfortunately, because of foreign exchange control and fixedexchange rate for a long time in mainland, the foreign trade enterprises lack theintention and capacity to evade the risk of exchange rate, so it’s surely important tostudy the risk management problems of exchange rate and the internal reasons forenterprises. Therefore it is a desperate urge to study the methods used by foreignmultinational companies in controlling its foreign exchange rate risk and to learn how toapply these methods in the domestic environment. At the same time, it is pressing tocreate a favorable financial environment in common by government and enterprises.This article introduces the relevant knowledge on foreign exchange risksmanagement, it provides a theoretical basis for the analysis and study of this article, andthen analyses the impact of current RMB exchange rate fluctuations on the foreignexchange business. The article takes Sany Heavy Industry for example and provides usa comprehensive and systematic introduction and analysis on the relevant informationof sany, including the foreign exchange risks management concept and execution andpolicy adjustment and so on. Then the article concludes Sany Heavy Industry how toavoid foreign exchange risks, the mainly method is to strengthen macroeconomicmanagement, as well as construct a reasonable system of foreign exchange riskmanagement, and the work that enterprises need to do to improve themselves. Althoughthis article only proceeds from China’s actual conditions and the current situation of theexchange management environment, and just analyzes and studies foreign exchange riskmanagement problems of Sany Heavy Industry, their research results are not only highlysignificant for Sany, but also have reference value for other enterprises.