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论文编号：	11129
作者编号：	2320170356
上传时间：	2019/12/7 11:50:52
中文题目：	H外贸公司汇率风险管理研究
英文题目：	Research on Exchange Rate Risk Management of H Foreign Trade Company
指导老师：	陆宇建
中文关键字：	汇率风险;绩效评价;风险管理架构;多元化;全面风险管理
英文关键字：	exchange rate reform;Performance evaluation;risk management structure;diversification;Comprehensive Risk Management Framework
中文摘要：	随着经济全球化和我国综合国力的不断增强，人民币国际化进程进一步加快。为适应内外部经济形势的变化，央行于2015 年8月11日进行了汇率制度改革，改善中间价报价机制，汇率市场化的步伐进一步加快，打破了人民币单边升值或者贬值的态势，呈现出双向宽幅波动的局面。加之国际环境日益复杂，全球经济发展速度放缓，各外贸企业面临汇率风险加大，经营难度增加。我国企业汇率风险管理制度还不够成熟，汇率避险工具运用较少，风险暴露较高，外贸企业亟需建立一套全面的风险管理体系，把控汇率风险，实现自身利润的增长。 本文将H外贸公司作为案例研究对象，结合2017年COSO 新版全面风险管理框架的思想，尝试将汇率风险管理工作融入到所有业务流程中。通过对企业组织架构、经营情况、汇率风险管理架构、执行风险管理措施等方面进行梳理，分析企业汇率风险的成因以及企业在汇率风险管理方面存在的问题,如公司汇率风险管理治理结构不完善、绩效评价体系不科学、汇率风险管理应对措施落后等。针对公司的问题，结合当前国内国外经济形势及人民币汇率走势，通过不同汇率风险规避方法的比较分析，寻找最适合公司的方法，并就完善H公司汇率风险管理提出建议。即建立专门的汇率风险管理部门，增加风险管理决策支持机构；明确绩效考核权重，实现风险管理绩效考核全覆盖；积极寻找多元化汇率避险产品。通过对H公司的深入研究，以期对类似的进出口型企业应对汇率新形势提供一定借鉴作用。
英文摘要：	With the economic globalization and the continuous enhancement of China's comprehensive strength, the process of RMB internationalization has been further accelerated. In order to adapt to changes in the internal and external economic situation, the Central Bank carried out the reform of the exchange rate system, improved the mid-price quotation mechanism on August 11, 2015, and the pace of exchange rate marketization further accelerated, breaking the unilateral appreciation or depreciation of the RMB, showing a two-way wide fluctuation. Coupled with the increasingly complex international environment and the slowdown in the development of the global economy, foreign trade enterprises face increased exchange rate risks and increased operational difficulties. China's enterprise exchange rate risk management is not mature enough, exchange rate hedging tools are used less, risk exposure is high, and foreign trade enterprises urgently need to establish a comprehensive risk management system to control exchange rate risk, so as to achieve the growth of their own profits. This dissertation introduces H, an import and export enterprise, as the research object, combined with the idea of the new version of COSO comprehensive risk framework in 2017, tries to integrate exchange rate risk management into all business processes. Through the enterprise organization structure, business situation, exchange rate risk management structure, implementation of risk management measures and others, the causes of enterprise exchange rate risk and the problems of exchange rate risk management are analyzed. For example, the management structure of the company's exchange rate risk management is not perfect, the performance evaluation system is not scientific, and the response measures for exchange rate risk management are backward. According to the company's problems, combining the current domestic and foreign economic situation and the RMB exchange rate trend, through the comparative analysis of different exchange rate risk avoidance methods, we find the most suitable method for the company, and put forward suggestions on improving the exchange rate risk management of H company. That is, set up a special exchange rate risk management department to increase the risk management decision-making support institutions; Make clear the weight of performance appraisal and realize the full coverage of risk management performance appraisal; We will actively seek diversified exchange rate hedgin products.Through the in-depth study of H enterprise, it is expected to provide some reference for similar imported enterprises to deal with the new exchange rate situation.
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