【作者】 林峰；

【导师】 胡海鸥；

【作者基本信息】 上海交通大学 ， 工商管理， 2011， 硕士

【摘要】 在人民币汇率波动日趋频繁和剧烈的大背景下,进出口企业如何对外汇风险进行识别和防范成为了一个十分现实和重要的课题。当前中国企业外汇风险管理方面的理论和实务尚未成熟,随着人民币汇率市场化进程的不断推进,寻求稳健经营的中国企业对如何正确管理外汇风险存在极大的需求。本文通过对华纺国际贸易有限公司进出口业务中面对的外汇风险,参考国际、国内优秀企业外汇风险管理的良好经验和先进方法,分析该企业目前外汇风险管理中的优点和不足,提出了在公司内部运用套期保值工具锁定未来现金流、有效发挥现有体系的控制作用、细化现有体系的操作流程、制定详细的外汇风险管理制度等四个方面的措施;加强与公司外部的沟通协作能使华纺国贸的外汇风险管理事半功倍,主要可以与行业上下游协商、与相关合作银行配合、与政府部门沟通等。改进华纺国贸在外汇风险管理工作上的思考和建议可供众多中小进出口企业借鉴。更多还原

【Abstract】 In the background of more frequently and intensively fluctuation of RMB exchange rate, how to recognize and prevent the exchange risk becomes a very important and realistic issue for import and export enterprises. Chinese enterprises’ current exchange risk management theory and practice is not yet mature. With the on-going marketing progress of RMB exchange rate, there are great demands for Chinese enterprises who seek stable operation to manage the exchange risk. Through summarizing the exchange risk in the import and export business of China Textile International Trading Co. and referencing the advanced theory and good experience in the exchange risk management for the international and domestic corporations, this paper analyzes the advantages and disadvantages in the exchange risk management of CTITC. There are four suitable ways to improve the internal exchange risk management: using hedging tools to lock up the future cash flows, making the controllability of the existing management system more effective, detailing the working processes of the system, and formulating the exchange risk management system in detail. The effectiveness of CTITC’s exchange risk management can be doubled by strengthening the connections with external parties like suppliers, customers, related banks and government departments. Many SMEs shall take examples from the thoughts and advice in improving the exchange risk management of CTITC.更多还原