JC公司外汇风险管理案例分析

发布时间：2018-05-28 04:01

本文选题：外汇风险 + 风险管理　；参考：《财政部财政科学研究所》2014年硕士论文

【摘要】：随着中国经济的不断强大,人民币在世界经济的舞台上起着举足轻重的作用。自2005年7月起,人民币汇率参考一篮子货币进行调节的浮动汇率制度,实行有管理的浮动汇率制度,政府不再完全承担汇率变动带来的风险,迫使中国的进出口企业开始慢慢关注汇率变动所带来的风险。目前极少数进出口企业仍未完全转变经营理念,汇率风险规避意识仍比较淡薄,往往将汇率风险归咎于政策性因素,缺乏主动避险意识。大部分进出口企业都将关注点放在较为普遍的汇率避险方式的运用上,如贸易融资、运用金融衍生产品、改变贸易结算方式、提高出口产品价格、跨境人民币结算、平衡进出口比重和使用外汇理财产品等,这在一定程度上虽然减轻了公司的汇率风险,但并未形成长期有效可行的汇率风险管理体系,如何识别风险、评估风险、构建汇率风险管理体系对进出口企业长远发展具有重大意义。本文通过全面阐述外汇风险管理的相关理论,为全文的分析与阐述提供理论基础。以JC公司为例,首先分析JC公司所面临的外汇风险现状及特征,结合外贸风险基础理论选择适合的方法对JC公司的外汇风险进行识别评估,量化外汇风险影响程度；其次针对JC公司具体的经营模式和特点,对JC公司外汇风险管理办法及主要采取的外汇风险管理策略进行介绍与分析,提出公司外汇风险管理中存在的问题,并找到解决问题的办法；最终形成长期有效可行的外汇风险管理办法,促进公司健康发展。论文通过对JC公司外汇风险现状的分析,结合JC公司风险管理的特征,建立了一个适合JC公司的外汇风险管理框架,有助于企业全面风险管理体系的完善,同时也丰富了风险管理的理论。JC公司外汇风险管理的经验对其他的外贸公司也具有一定的参考价值。
[Abstract]:With the development of Chinese economy, RMB plays an important role in the world economy. Since July 2005, the RMB exchange rate has been regulated by a floating exchange rate system based on a basket of currencies, and a managed floating exchange rate system has been implemented. The government is no longer fully responsible for the risks caused by the exchange rate changes. Forcing Chinese imports and exports to slowly focus on the risks posed by exchange rate movements. At present, very few import and export enterprises have not completely changed their business concepts, and the awareness of exchange rate risk aversion is still relatively weak, which often ascribes exchange rate risk to policy factors and lacks active risk aversion. Most import and export enterprises have focused on the use of more common ways of avoiding risks in exchange rates, such as trade financing, using financial derivatives, changing trade settlement methods, raising the prices of export products, and settling cross-border RMB transactions. Balancing the proportion of imports and exports and the use of foreign exchange management products has to a certain extent alleviated the exchange rate risk of the company, but it has not formed a long-term effective and feasible exchange rate risk management system. How to identify risks and assess risks, The establishment of exchange rate risk management system is of great significance to the long-term development of import and export enterprises. This paper provides a theoretical basis for the analysis and elaboration of the full text by comprehensively expounding the relevant theories of foreign exchange risk management. Taking JC Company as an example, this paper firstly analyzes the current situation and characteristics of foreign exchange risk faced by JC Company, selects suitable methods to identify and evaluate the foreign exchange risk of JC Company in combination with the basic theory of foreign trade risk, and quantifies the influence degree of foreign exchange risk. Secondly, according to the specific management mode and characteristics of JC Company, this paper introduces and analyzes the foreign exchange risk management methods and the main foreign exchange risk management strategies adopted by JC Company, and puts forward the problems existing in the foreign exchange risk management of JC Company. Finally, a long-term effective and feasible foreign exchange risk management method is formed to promote the healthy development of the company. By analyzing the current situation of foreign exchange risk in JC Company and combining the characteristics of risk management in JC Company, this paper establishes a suitable foreign exchange risk management framework for JC Company, which is helpful to improve the overall risk management system of the enterprise. At the same time, it also enriches the theory of risk management. The experience of foreign exchange risk management of JC company has certain reference value to other foreign trade companies.
【学位授予单位】：财政部财政科学研究所
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.6

【共引文献】