The Study On Financial Risk Management About Foreign Trade Business Of Chinese Enterprises

Since reform and opening, China's foreign trade has developed rapidly. Import and export of Chinese goods in 1978 totaled only 206.4 U.S.dollars, total imports and exports in 2009 rose to 2.20722 trillion U.S.dollars, an increase of 107 times. Foreign Trade on China's economic and social development play a significant role. With the gradually accelerating pace of China's opening up, the financial risk of foreign trade also will increase. Especially in the the financial crisis, China's foreign trade increased significantly in uncertainties.The phenomenon of international market buyers defaulted, non-payment of accounts and bankruptcies increased significantly, with the result that many enterprises, especially SMEs, losses or even bankruptcy. Faced with the grim situation, strengthening the prevention of financial risks about foreign trade and improving the capacity and skills in risk prevention is very important and urgent, which is directly related to the survival of enterprises.In this paper, with the background of the international financial crisis,the content, features and other elements of major financial risk include credit risk, foreign exchange risk, settlement risk, cash flow risk, the risk of anti-dumping are briefly described. the causes of the various risks to in-depth and detailed analysis.The paper presented a variety of risk prevention measures to improve the business's ability to respond to financial risks of foreign trade, and enhance the core competitiveness of business in the international market, safeguard national economic security. For credit risk, focusing on strengthening the whole process of risk management. Against foreign exchange risk, make arrangements for currency valuation, the use of financial instruments and other measures to prevent and reduce foreign exchange risk. For the settlement risk, promote flexibility in choice under the circumstances settlement and comprehensive application of the method of payment which can reduce risk. For cash flow risk, raise income,reduce expenditure and make other measures to improve capital efficiency.The outcome of financial risk is more, but the text book about financial risk of foreign trade is very little. The risk of anti-dumping, the existing research results more from the management, law and other aspects of risk management, and rarely from the perspective of accounting.The face of China's increasingly serious anti-dumping investigation of actual conditions, the paper put forward anti-dumping investigation of countermeasures from an accounting point of view, in particular, emphasized the need for coordination of chinese accounting standards and international accounting standards in different to enhance cost management and protect the legitimate interests of our export enterprises in the international market. This is the paper's features and innovation.