Research On The Problems And Countermeasures Of Financial Derivatives Trading In Enterprises In The Post-crisis Era

With the reform and open policy and the rapid development of economy, China's enterprises will face up more and more risk in their progress, such as price risk, interest rate and so on. Therefore, it is an irreversible trend to make use of the financial derivatives rationally to avoid risk. However, there are many problems in the trade for financial derivatives at present by reason that the financial derivatives market begins rather late in China. So it is necessary to take the corresponding measures on the basis of these specific issues in order to make efficient use of the financial derivatives to the financial management for these enterprises.The problems and countermeasures for China's financial derivatives business in the post-crisis era are proposed in the paper. First of all, the background, purpose and current situation for the project are presented. In chapter 2, the definition, classification, function and risk of the financial derivatives are introduced briefly for the purpose of understanding the latter well. In chapter 3, the relationship between the financial crises and the financial derivatives is proposed in the financial crisis and it is concluded that the financial derivative is the fuse for the financial crisis. Combined with the typical cases of financial derivatives trading losses in the financial crisis, some problems are raised in the trade of the financial derivatives, for example, the weakness for the risk awareness of the enterprises, the defectiveness of the internal control institution, the cross of the purpose for hedging and speculation in financial derivatives. In chapter 4, the measures are firstly introduced based on the chapter 3, taken for the trade of the financial derivatives after the financial crisis and huge loss of derivatives in many state-owned enterprises in China. Although good results are achieved in some respects, the question still exists that the internal control system is imperfect. The most important part is the chapter 5, where the strategies are presented for the problems in the financial derivatives business in the post-crisis era in China. New measures are proposed in the chapter: to increase the promotion of the financial derivatives promotion, to establish the specialized institutions and to provide services for the derivatives trade. Additionally, it is summarized and prospected in the last chapter.