QR公司外汇风险管理研究

发布时间：2018-03-04 15:04

本文选题：外汇风险　切入点：风险管理　出处：《安徽大学》2017年硕士论文　论文类型：学位论文

【摘要】：2015年8月11日,我国央行宣布完善人民币对美元汇率中间价报价机制,使得人民币兑美元汇率中间价更加真实地反映了当期外汇市场的供求关系,人民币汇率进一步实现市场化,人民币汇率从持续近十年的单一对美元升值转为短期内对美元较大幅度贬值,突然的汇率波动,使我国部分涉外企业承受较大的汇兑损失,企业的外汇风险管理亟待加强。而大部分涉外企业都将外汇风险管理重点集中在较为常见的外汇风险策略使用上,如利用贸易融资加速回款、使用外汇衍生产品、以跨境人民币方式结算、匹配外币资产负债敞口等,虽然上述方法使企业的外汇风险有所降低,但仍缺少一套完整的外汇风险管理系统,从风险的识别评估到风险的化解,从组织的架构搭建到外汇管理人才的培养,建立完善的外汇风险管理体系对企业涉外业务健康发展至关重要。本文以QR公司为例,用理论和案例相结合的方法探索归纳出一套适合QR公司的外汇风险管理体系,有助于企业规避和降低外汇风险,提高管理效率,同时也丰富了外汇风险管理的理论,对其他涉外企业也具有一定的参考价值。本文结构安排为:先是对外汇风险管理的理论和研究现状进行阐述,为全文提供理论基础,然后对QR公司面临的外汇风险进行识别和评估,分析其外汇风险管理现状,找出管理中存在的问题,最后通过借鉴国内大型跨国公司在外汇风险管理上的先进经验,结合QR公司实际情况,对QR公司外汇风险管理方法提出改进建议,构建一个适合QR公司的外汇风险管理框架体系,并进行结论总结与展望。
[Abstract]:In August 11th 2015, the people's Bank of China announced the improvement of the pricing mechanism of RMB / US dollar exchange rate, which made the central price of RMB / US dollar reflect more truthfully the relationship between supply and demand in the current foreign exchange market. The RMB exchange rate has been further marketized. The RMB exchange rate has changed from a single appreciation against the US dollar for nearly a decade to a large depreciation against the US dollar in the short term. The sudden exchange rate fluctuations have caused some foreign enterprises in our country to bear greater foreign exchange losses. The foreign exchange risk management of enterprises needs to be strengthened urgently. However, most foreign companies focus on the use of more common foreign exchange risk strategies, such as the use of trade financing to accelerate the return of funds and the use of foreign exchange derivatives. Settlement by cross-border RMB, matching exposure to foreign currency assets and liabilities, etc., although the above-mentioned methods have reduced the foreign exchange risk of the enterprise, there is still a lack of a complete foreign exchange risk management system, from risk identification and assessment to risk resolution. From the structure of the organization to the training of foreign exchange management personnel, it is very important to establish a perfect foreign exchange risk management system for the healthy development of foreign business. This paper takes QR Company as an example. A set of foreign exchange risk management system suitable for QR company is explored by combining theory and case, which is helpful for enterprises to avoid and reduce foreign exchange risk, improve management efficiency, and enrich the theory of foreign exchange risk management. The structure of this paper is as follows: firstly, the theory and research status of foreign exchange risk management are expounded, which provides the theoretical basis for the full text. Then identify and evaluate the foreign exchange risk faced by QR Company, analyze the current situation of foreign exchange risk management, find out the existing problems in the management, and finally learn from the advanced experience of foreign exchange risk management of large multinational companies in China. Combined with the actual situation of QR Company, the paper puts forward some suggestions on how to improve the foreign exchange risk management method of QR Company, constructs a framework system of foreign exchange risk management suitable for QR Company, and makes a conclusion summary and prospect.
【学位授予单位】：安徽大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F832.6

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