Research On Financial Risk Management Of BG Company

As one of the pillar industries in China's economic development,iron and steel enterprises play an important role in the rapid economic growth of our country.However,with the development of China's market economy in recent years and the requirements of national policies for industrial transformation and upgrading,financial risk has become an urgent problem for the steel industry to pay close attention to.The recovery of iron and steel enterprises in our country is not optimistic,the situation of overcapacity is still severe,and the operating condition of enterprises is low.According to the actual situation of the iron and steel enterprises,the government puts forward the policy of "deproducing capacity and adjusting the structure" to try to warm up the present situation of China's iron and steel enterprises.New macro politics The strategy and the new market environment are both opportunities and challenges.Iron and steel enterprises are also facing more and more risks,among which financial risk is the key to the survival of enterprises.Financial risk management is closely related to the economic activities of enterprises.Enterprises need to strengthen their own financial risk management level in order to maintain the sustainability of their own management under the situation of economic situation turbulence.The weak awareness of financial risk and the adherence of financial risk management to the process all lead to the failure of financial risk management and the loss to the enterprise.As an important iron and steel enterprise in China,BG company has made frequent losses in recent years,especially in 2015.The company is faced with enormous financial risk,which is representative of research.According to the classification of BG company's economic activities,starting with financing activities,investment activities and management activities,according to the present situation of BG company's financial risk management,this paper analyzes the situation of BG company's financial risk,and finds out the shortcomings.Using the advanced bionics principle,this paper optimizes the financial risk management process of BG Company.In the aspect of risk identification and measurement,combining with the actual situation of BG Company,the related financial style is analyzed through questionnaire survey.The classification of risk grade is improved and the financial risk reflected by different economic activities is considered synthetically to improve the prudence of financial risk management of BG company and the corresponding safeguard measures are put forward for the practical implementation of optimized financial risk management.