中石油海外项目汇率风险管理研究

发布时间：2018-03-21 06:50

本文选题：中石油　切入点：海外项目　出处：《中国石油大学（华东）》2013年硕士论文　论文类型：学位论文

【摘要】：经济社会的发展对于能源的供应提出了新的要求，造成我国石油的对外依存度不断攀高。为了保卫国家能源安全，参与国际竞争，中石油作为我国国有石油公司之一，早在上个世纪九十年代就开始了“走出去”战略，加入到国际市场与国外大型石油公司进行竞争。海外项目的开展，为中石油的发展提供了一个新的平台，有利于公司业务的发展，促进公司进一步国际化，提高国际竞争力和知名度。但与此同时，也带来了许多风险，汇率风险就是其中一种重要的风险。随着人民币国际化进程的加快和人民币汇率形成机制的改革与完善，汇率风险对于中石油的影响越来越大，造成公司每年面临着巨额的汇兑损失。因此，加强海外项目的汇率风险管理，对于中石油海外经营的顺利发展有着重要意义。本文在分析国内外相关文献和研究成果的基础上，，对中石油海外项目的现状进行了具体介绍，并分析了海外项目的特点以及近年来的汇兑损益情况。结合集团的实际情况，提出了汇率风险的全过程管理，首先确立汇率风险管理的目标，然后通过汇率风险管理的一般流程，即识别-度量-管理，对集团面临的汇率风险实施管理，最后通过汇率风险管理的事后评价来检验汇率风险管理的效果并发现不足，从而优化和完善汇率风险管理体系。本文的最后是中石油海外项目汇率风险管理的保障措施，分别从汇率风险管理体系、人才队伍、汇率风险管理文化、信息化建设、国家政策五个方面为中石油的汇率风险管理提供保障。
[Abstract]:The development of economy and society has put forward new requirements for the supply of energy, resulting in the increasing dependence of China's oil on the outside. In order to safeguard the national energy security and participate in international competition, PetroChina is one of the state-owned oil companies in China. As early as -10s, the "going out" strategy began, joining the international market to compete with large foreign oil companies. The overseas projects provided a new platform for the development of PetroChina. Conducive to the development of the company's business, promote the further internationalization of the company, improve international competitiveness and visibility. But at the same time, there are many risks, Exchange rate risk is one of the important risks. With the acceleration of RMB internationalization process and the reform and improvement of RMB exchange rate formation mechanism, exchange rate risk has more and more influence on PetroChina. Therefore, strengthening the exchange rate risk management of overseas projects is of great significance to the smooth development of PetroChina's overseas operations. Based on the analysis of relevant literature and research results at home and abroad, this paper introduces the current situation of PetroChina overseas projects, and analyzes the characteristics of overseas projects and the foreign exchange gains and losses in recent years. The whole process management of exchange rate risk is put forward. Firstly, the goal of exchange rate risk management is established. Then, through the general process of exchange rate risk management, that is, identifying, measuring and managing, we manage the exchange rate risk that the group faces. Finally, through the post-evaluation of exchange rate risk management to test the effect of exchange rate risk management and find out the insufficiency, so as to optimize and perfect the exchange rate risk management system. Finally, this paper is the guarantee measures of CNPC overseas project exchange rate risk management. It provides guarantee for CNPC exchange rate risk management from five aspects: exchange rate risk management system, talent team, exchange rate risk management culture, information construction and national policy.
【学位授予单位】：中国石油大学（华东）
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.6;F426.22

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