| With the opening up of China's financial market two-way breadth and depth of growing,we will further improve the financial infrastructure,outside the main body involved in the financial market in China will be more convenient,the cross-border financial transactions continue to grow.RMB payment function is continuously strengthened,and the function of investment money is continuously deepening.Positive in China's economic stability,improve the RMB exchange rate formation mechanism,cross-border RMB business policy framework constantly optimized,there will be more and more of the market economy main body to accept RMB as the invoicing and settlement currency.In November 1978,the third plenary session of the meeting to make our country's economic system reform enters a period of transformation,then extend in the direction of marketization of foreign trade development in our country,the reform of RMB exchange rate.In October 2017,general secretary Xi Jinping mentioned in the party's nineteenth report that "the closed door will not be closed and the door will not be closed.All the way 'to' area construction as the focus,insist on the introduction of come and go,and follow the principle of discuss sharing,open cooperation to strengthen innovation capabilities,create a two-way each other aid between home on land or sea,something the outside world.China's foreign trade market has been rising rapidly in recent decades,and the new system of open economy has gradually improved,and foreign trade,foreign investment and foreign exchange reserves are among the top of the world.With the One Belt And One Road initiative,the use of RMB in One Belt And One Road countries will also be steadily expanded.In the RMB to further advance at the same time,especially as a reserve currency has been recognized by many countries,the RMB in the international community in many areas,especially in Asia south-east Asia will become more convenient payment.The current international economic environment increasingly complex,even if China's economic indicators in a stable state at present,but if not tighten management of foreign exchange risks,enterprises of China's auto industry will face unpredictable foreign exchange risk,a large amount of foreign exchange risk gathered will shift toward foreign exchange crisis.As China's comprehensive national strength has increased in recent years,the Chinese people's life demand,led to the rapid rise of auto industry,thus promoting imports of raw materials,the introduction of technology and equipment of rising foreign exchange expenditure.Under the current fluctuation of RMB exchange rate,foreign exchange risk becomes an important part of foreign exchange risk management in China's auto industry,and auto enterprises should strengthen the degree of foreign exchange risk management.However,due to the late start of development in all aspects of our country,the automobile enterprises have been lacking in the experience and ability of foreign exchange risk management,so it is necessary to strengthen the study on foreign exchange risk management.In this paper,draw lessons from the past the people from all walks of life,on the basis of research results,adopts the method of the combination of qualitative and quantitative analysis,clarified first foreign exchange risk and foreign exchange risk management related theory,then analyzes the management status of the current foreign exchange market,and apply the VaR method and Adler-Dumas model for the automobile industry as a whole the combination of foreign exchange risk and JiLin province automobile group company's specific business trading risk is analyzed.Finally,on the basis of the previous research results,this paper puts forward the strategic choice and countermeasures of improving the foreign exchange risk management in China. |
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