Research On Financial Risk Management Of Small And Medium-Sized Foreign Trade Enterprises In The Context Of Sino-US Trade Friction

With the advancement of global economic integration,foreign trade of various countries has developed unprecedentedly.However,due to the downward trend of operation and the escalation of trade frictions,the competition situation among trading countries is severe.At the present stage,trade conflicts between China and the United States are becoming more and more frequent,and the problems existing in trade between the two countries are becoming increasingly prominent.The impact on the economies of the two countries is unpredictable.Although China's total import and export volume did not fluctuate significantly in 2018 and China's economic operation has not been significantly hindered in a short period of time,the impact of Sino-US trade frictions should not be underestimated,especially the frequent fluctuation of RMB exchange rate accompanied by trade frictions,which will certainly bring a more severe test to China's economy.As an important part of China's national economy,small and medium-sized foreign trade enterprises are facing increasingly diversified and complicated long-term financial risks.They should take precautions against risks in advance and effectively manage and control risks in order to reduce the possible losses caused by the escalation of Sino-US trade frictions and the fluctuation of RMB exchange rate.Based on the current situation of Sino-US trade frictions,frequent fluctuations of RMB exchange rate and rapid development of small and medium-sized foreign trade enterprises,this paper studies the financial risk management of small and medium-sized foreign trade enterprises in the context of Sino-US trade frictions from the perspective of comprehensive risk management.Secondly,the paper briefly expounds the recent forms of Sino-US trade friction and the data of its impact on Sino-US trade friction,analyses the impact of Sino-US trade friction on small and medium-sized foreign trade enterprises and makes further analysis of their financial risk characteristics in light of their own operating characteristics,identifies and classifies the financial risks faced by small and medium-sized foreign trade enterprises by using process and hierarchical methods.The financial risk is divided into capital operation risk,asset management risk,financing and liquidity risk,tax management risk and other secondary risks,and further refine the three-level risk.Finally,through the analysis of M company's basic financial data indicators and the risk coordinate chart method,this paper evaluates the major financial risks faced at the present stage,further analyses the causes of such risks,and puts forward corresponding financial risk response measures in view of the relevant major risks,in order to improve the financial risk management ability of small and medium-sized foreign trade enterprises in the stage of Sino-US trade frictions.