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Research On The Risk Control Of International Bulk Commodity Trading Enterprises In The Background Of Economic Financialization

Posted on:2017-12-29Degree:MasterType:Thesis
Country:ChinaCandidate:C LvFull Text:PDF
GTID:2349330491461229Subject:MBA
Abstract/Summary:PDF Full Text Request
Economic financialization is usually refers to such an economic phenomenon that the social and economic profit more real estate is born in the supply or transfer of income, such as dividends, interest and capital gains, etc. rather than from the production or trade links. In China today, with the rapid development of economy, fictitious economy showing a faction prosperity, economic and financial trend is obvious, commodity and trade especially.In recent years, due to the domestic real estate prices, high return on capital, Banks tightening of liquidity, and the foreign capital cost is at record lows, coincided with the domestic continuous appreciation of RMB exchange rate of positive factors, resulting in the flow of foreign funds flowing into domestic speculative profit situation. And because of the strict control of capital flow in China, the import trade of commodities has become the best carrier of capital flow. Seek proceeds used commodities import trade became the main profit source of commodities trading.However, always profit and risk coexist. Especially for traditional traders who are lack of experiences of financial risk, commodities financialization feast lurking behind what they don't familiar with the huge risk. In view of the uncertainty of the current economic environment, the risk control of commodity trade finance is extremely urgent.ZP company is a professional engaged in commodity imports of state-run trade company, the author as polyethylene trade department manager, witnessed how nearly 20 years of market-oriented reform of Chinese economic system and financial system influence the commodity import trade, and how the growth of the private economy changes the market competition environment and challenges the enterprise's survival capacity. the author also see that in the tide of each round of changes in the economic environment, a large number of enterprises homeopathic rise and then again in the next time the tide comes down, and a new batch of enterprises grow up..., deep understanding that the adaptation to the market changes and to prevent the enterprise risk are two important capabilitiesy for the survival and development of enterprises.According to risk management theory, this paper analyzes the profit way of the specific trade of polyethylene by the combination of qualitative and quantitative methods, which is based on interest rate, exchange rate, futures, credit, morality, law, world politics, economic framework and so on. Then the application scheme of risk control is given, which is Theoretical, and has practical significance.
Keywords/Search Tags:Financialization, Bulk commodity, Trade, Risk control, Polyethylene Import
PDF Full Text Request
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