Research On Optimizing The Comprehensive Risk Management Of East China Shipbuilding Industry Co.,Ltd.

The shipmaking industry has been in a state of collapse since the global financial crisis triggered by the subprime debt crisis of the United States in 2008.In 2018,the United States took the lead in launching a large trade war around the world against China to impose tariffs.After entering 2019,there was no final result in the 11 rounds of trade negotiations between China and the United States.The global free trading system has been subjected to unprecedented impact,and the international long-distance shipping business has been directly affected by the trade war.Furthermore,it affects the development of the shipyard industry and increases the uncertainty of the marine manufacturing industry.The traditional comprehensive risk management is difficult to adapt to the new operating environment changes.East China Shipping Company,as a leading enterprise in the field of shipping manufacturing in China,in 2016 / 2017,due to the impact of the international and domestic economic environment,the company’s order delivery cycle is extended,the risk of inventory depreciation is increased,the company has lost a lot of money because of the sharp loss of inventory price for two years in a row,after the start of the Sino-US trade war in 2018,it can be described as even worse for East China Shipping Company.This paper finds that although East China Shipping Company carried out the internal control system as early as the beginning of the century and established a comprehensive risk management system according to the requirements of the Ministry of Finance,the problems have become more prominent in the past ten years,there are two main problems.Aspect: first,the internal control system of East China Shipping Company is too focused on the financial control plate,which is dominated by no financial risk,and obviously can not be applied to the increasingly complex domestic and international economic environment.At the same time,in risk identification and assessment,there should be a reality that the equivalent link should not keep up with the current situation.The second is that the implementation of the internal control system of East China Shipping Company does not match the perfect guarantee environment,the mode of administrative management is more prominent,and the lack of supervision and restraint of senior managers leads to corruption.This paper refers to the comprehensive risk management framework of COSO,the comprehensive risk management framework of central enterprises,and the whole of East China Shipping Company.Face risk management carries on the optimization research,mainly puts forward the risk identification,the appraisal,the response strategy aspect optimization suggestion,and from the company culture,the talented person reserve,the company governance,the informationization construction and so on has proposed the optimization strategy implementation safeguard measure.The research in this paper is helpful to improve the overall risk management ability of East China Shipping Company,and it is of great significance to improve the management stability of the company and stimulate the development potential of the company.