| With the rapid development of the process of economic globalization,the economic ties between countries around the world are increasingly closely connected,and the industrial transfer and division of labor cooperation are continuously strengthened.China’s “Going Global” and “Belt and Road” policies provide policy support for Chinese enterprises to make overseas investment.Many project contracting enterprises have begun to change the management concepts,adjust the development strategies,explore the international markets,which has promoted the rapid development of China’s international engineering market.Compared with domestic engineering projects,international engineering projects generally have a long construction cycle,large contract amount,more complex environment and more uncertain factors.Although the profits are relatively high,the risks are greater.In addition to the overcapacity in the domestic market in recent years,the competition in the engineering market has become fierce,more and more companies are turning to the international engineering market,leading to the international engineering market presents some new characteristics,such as the increasingly fierce competition,the low price bidding,a decline in margins,mat endowment construction etc.,the financial risk of the international engineering projects are increasing.Therefore,it is urgent to study the financial risk of international engineering projects.On the premise of consulting relevant literature and materials,this paper combs the relevant theories of international engineering projects and financial risks,selects C company’s international projects in Zambia,Africa as the research object,and introduces the basic situation and business condition of the C company and Zambia projects,using statistical analysis and other methods to initially identify the main financial risks faced by the Zambian projects are exchange rate risk,bad debt risk,cost risk and tax risk,and combined with relevant financial data for in-depth analysis.Then it analyzes the external causes of financial risks from four aspects: political and legal environment,economic environment,social environment and industry environment,and analyzes the internal causes of financial risks from the aspects of risk management and personnel management.On the basis of the above,specificmeasures to deal with financial risks are put forward.This paper has a reference significance for C company’s Zambia project to deal with financial risks,which is helpful for the Zambia project to strengthen the understanding and management of financial risks,and to adopt appropriate risk response strategies according to its own specific situations,so as to reduce the losses caused by financial risks to the enterprise,improve market competitiveness and achieve sustainable development.At the same time,it provides certain reference value for other international engineering projects to deal with financial risks. |
