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The Application Of Futures In Physical Enterprises From Relian Zhongbang Enterprise

Posted on:2019-07-27Degree:MasterType:Thesis
Country:ChinaCandidate:Y GaoFull Text:PDF
GTID:2429330542496114Subject:Financial
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In recent years,affected by the economic crisis,the global macro economy has been declining.The unstable factors in the world's economic environment have increased,and the volatility in the bulk market represented by iron and steel has increased.This has caused trouble for companies in various countries.As China becomes the second largest economy in the world,China's economic development is more closely linked to the world,and the subtle fluctuations in the macroeconomic environment may all have a major impact on China's economic development.Behind the increase in total economic output,low production efficiency,unbalanced use of energy and resources,and unreasonable increase in production costs have become an important factor hindering the healthy and healthy growth of the economy.Against this background,the company's operating risks are constantly increasing,raw material costs fluctuate,and product prices have skyrocketed and plunge.As a result,many companies have closed down.China's various sectors,including agriculture and manufacturing,are facing the test brought by price fluctuations.The black bulk commodity industry chain is longer and is affected by more and more unstable factors.How to use the futures market to avoid risks and obtain profits is the key to getting out of the predicament.At the same time,the futures market also actively seeks cooperation with enterprises,and the ability of the futures market to serve the real economy is also increasing.The macro writing background of this article is for the country to vigorously implement the supply-side reform.The object of the study is the hot united states,the main business scope is the black bulk commodities,and the example of how the futures companies will serve the real economy and how they achieve results.To the problems and risks,solutions,etc.Exploring in detail how the Heatlink China State applies futures hedging services to entity companies.The Heat Alliance China is developing a basis for the development of the industry chain based on base trade,and compares the entity companies before and after using futures tools.Analysis at a glance.Through the use of futures tools,Heatlink China has applied risk management to the daily production and management of enterprises,optimized the modern enterprise inventory management model,improved the flexibility of the company's production and operation,effectively reduced the cost of raw materials,improved the utilization rate of funds,and enhanced Market discourse rights.Looking at the entire domestic black commodity market,combined with the fact that China's futures market started late and the system is not yet perfect,many companies failed to make full use of futures tools,especially SMEs,resulting in a low overall commodity market level.Causes and countermeasures of this situation,this article tries to explore.This article uses the relatively mature heat-linking state as an example to point out aspects and try to put forward corresponding suggestions from different angles: From the perspective of the government,on the one hand,increase support,advocate and support the combination of the futures market and the real economy,and on the other hand strengthen market supervision.Both sides create a good environment.From the point of view of an entity,the entity should define the market position,measure its own risk appetite,and standardize the enterprise system.The futures market should innovate products,improve the futures trading system,and actively seek cooperation with the real economy.
Keywords/Search Tags:Futures market, Real economy, Hedging
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