Research On Foreign Exchange Risk Management Of Lock International Trading Co.,Ltd

The reform of exchange rate system on August 11,2015 changed the situation of unilateral appreciation and depreciation in the past.The RMB exchange rate realized two-way fluctuation,and the exchange rate formation mechanism became more market-oriented.However,according to the Bank of China's investigation on foreign-related enterprises' exchange rate risk aversion,after the RMB exchange rate reform,enterprises generally use trade financing and financial derivatives for exchange rate risk aversion,and their awareness of exchange rate risk aversion has improved.However,the scale of enterprise risk aversion tools is still small,and their risk aversion ability still needs to be further enhanced.How to form a long-term,effective and feasible exchange rate analysis and management system to identify,assess and deal with foreign exchange risks is of great significance to the long-term development of import and export enterprises.With the rapid changes of the international situation,the foreign exchange risk management of import and export enterprises is more complex.Under the background of increasing uncertainty of exchange rate fluctuations in the foreign exchange market,this article analyzes the operating performance of the import and export business of Lock International Trading Co.,Ltd.during the 13 th Five Year Plan period through the study of foreign exchange risk management theory.Through the analysis of business data and statistical charts,combined with the current means of foreign exchange risk management,this article summarizes the problems existing in the foreign exchange risk management of Lock company,and reveals the reasons for the problems.Applying theoretical knowledge to practice,combining with the business characteristics of enterprises,this article puts forward a new set of enterprise foreign exchange risk management scheme.Establish the overall idea of foreign exchange risk management,enhance the awareness of foreign exchange risk management of enterprises,formulate foreign exchange risk management system,clarify the responsibility division and business process of business personnel,financial personnel and risk control personnel,reasonably select hedging financial instruments,supervise the use of financial tools,report and assess afterwards,and summarize foreign exchange risk management.Follow the closed-loop management process of "establishing risk awareness in the whole process-financial instruments hedging-supervision-report assessment",take the foreign exchange risk management system as the carrier,and serve as the guide for the daily operation and management of enterprises.Finally,the article puts forward the safeguard measures for the implementation of the enterprise foreign exchange risk management scheme to assist the implementation of the scheme in the enterprise.Based on the analysis of the current situation of foreign exchange risk of Lock International Trading Co.,Ltd.,combined with the business characteristics of Lock company,this article designs a set of foreign exchange risk management scheme,which is helpful for enterprises to comprehensively improve the level of risk management,improve their ability to resist risks,and also has certain reference value for other foreign-related enterprises.