Research Of Three Financial Risks Management In Sinochem Group

Financial risk management is an important part of business administration. As an aggressive global enterprise, it should use effective financial risk management strategy to manage risk exposure actively for hedging risk and reducing cost. This paper focuses on researching to theory, practice and key point of financial risk management, especially using derivatives product to achieve the purpose. It is very helpful when financial risk management will be drawn much concern.In the paper, we introduce the fundamentals of financial risk management and derivatives products, use many cases to explain the key point of operation.In the first part, we introduce the research background, central content, significance and analytical framework. In the second and third part, we introduce basic theory, explain foreign exchange risk and interest rate risk, including related management strategy.In the fourth part, we focus on the operational risk of financial risk management, discussing its risk for enterprise and the related management strategy.In the last part, we reach the conclusion that Chinese enterprises must try to identify and manage the financial risk and operational risk according to the enterprise characteristic.