"The exchange rate risk management of Chinese enterprises is constantly improving. The hedging ratio of foreign exchange derivatives of Chinese enterprises has reached more than 20 percent this year, up 5 percentage points from last year, but there is still much room for improvement."Zhong Sheng said.
Investigate its reason, Zhong Sheng believes that some enterprises are passive rather than active exchange rate risk management, risk factors in the exchange rate volatility attaches great importance to the prevention, and some enterprises will derivatives as a means of making money, rather than locking risk tool, currency hedging benefit, make money is to hedge, do not make money will cancel the hedge.
He suggested that enterprises should establish a sense of risk neutrality, adapt to exchange rate fluctuations, focus on the development of their main business, do not spend too much energy on judging or speculating on exchange rate trends, try to control currency mismatch, reasonably arrange the currency structure of assets and liabilities, and maintain the stability and sustainability of their financial situation.
In the seminar, the CIO and Chief Analyst Liu Junxian, CTO and quantitative expert Zhan Yi also brought the latest methods and approaches of hedging exchange rate, which helped the development of foreign trade enterprises in Chongqing.
As the first domestic assets of foreign exchange risk control service, a one-stop financial technology, lang HSBC CIO, chief analyst alex lau said in a statement, at present, the normalized two-way fluctuation of RMB exchange rate, increase the exchange rate risk to foreign trade and economic cooperation, rational view of exchange rate fluctuations, completes the exchange rate risk management, the enterprise stable operation of foreign trade and economic cooperation has become a required course.Under such a realistic background, Senlang has developed a set of foreign exchange risk control system, which enables foreign economic and trade enterprises to intuitively understand the current risk control exposure of each order, and immediately evaluate the change trend of near, medium and forward exchange rates matching the order, so as to help enterprises choose the appropriate time and exchange rate control risks.