On Foreign Exchange Risk Management Of Small And Medium Sized Foreign Trade Enterprises In China

About the issue of foreign exchange risk,from the beginning of the 90s outbreak of the Southeast Asian financial crisis in twentieth Century,gradually exposed to a wide range of wide,making the country received a different degree of influence and realize its seriousness.In July 2005,China carried out reforms in the exchange rate system of RMB currency,especially in dollars,the overall appreciation of the situation,the unfavorable influence of many of China's foreign trade enterprise gains damage,troubled.In the future,more and more foreign exchanges and trade exchanges,more and more companies to join the international competition,how to avoid foreign exchange risk is very necessary.In this irresistible trend,foreign trade companies,foreign exchange crisis management increasingly highlights the necessity and urgency.In China,the biggest impact on the export company's exchange rate crisis is basically divided into three types:accounting risk,economic risk and transaction risk.Since the reform and opening up,China's foreign exchange review in different periods in the system,the status quo until the current RMB foreign exchange rate,on the basis of this,discusses the impact of foreign exchange crisis on foreign trade enterprises from various angles,especially the adverse effects,such as the pricing of products in foreign enterprises,export quantity and scale,wage the adjustment,the crisis in the strategic positioning,the introduction of talent,enterprise credit,enterprise management system and cost change and so on various aspects.Although China's export enterprises in the trend of RMB appreciation is optimistic and active,in fact,a long period of time the stability of the RMB is affecting the operation of the.And those foreign trade enterprises compared and financial market participants,many enterprises of our country in this aspect of thinking is relatively old and conservative,now included in the derived exchange rate risk management tool for a large environment is still very limited,select the range of export enterprises is not wide,so the problem is still very complex.Put a comb,which will see the national export enterprises in the exchange rate risk management can be roughly divided into the following several contents:first,the thought is lack of understanding,can be said to be the source of risk prevention is not everything.This is followed by a serious shortage of personnel,there is no plan to avoid a risk averse approach to operate.There is a foreign exchange risk prevention system is not in place,available on the market to avoid the risk of few varieties of products,will make the effect of the operation is not good,there is no way to deal with coming or has occurred in the foreign exchange crisis.Chinese export companies to solve the adverse situation that may occur to a currency crisis in some process,whether it is subjective or objectivity inevitable,first,we must strengthen the construction of a healthy environment,it is of course to build from the aspects of the priority among priorities is to build their own ability to resist risks,for all kinds of risk averse tools to use,to prevent the risk,but also continue to strengthen risk prevention thinking and the introduction of professional talent,including system building of the company,to build the risk supervision and control department,to understand the financial derivatives,and ultimately achieve the purpose of self protection.