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The Study on Financial Risk Management about Foreign Trade Business of Chinese Enterprises

Author: WuXiaoQing
Tutor: WuShangZong
School: Zhengzhou University
Course: Business Administration
Keywords: The financial risks of the foreign trade business Countermeasures Anti-dumping
CLC: F740.45
Type: Master's thesis
Year: 2010
Downloads: 353
Quote: 0
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Abstract


Since the reform and opening up, the rapid development of China's foreign trade. In 1978, China's import and export of goods totaled only $ 206.4, the total import and export volume in 2009 rose to 2.20722 trillion U.S. dollars, an increase of 107 times. Foreign Trade has played a significant role in China's economic and social development. Gradually accelerate the pace of China's opening to the outside world, the financial risks of foreign trade business grows. Especially since the outbreak of the financial crisis, the uncertainties in China's import and export trade increased significantly, international market buyers defaulted, refuse to pay debtors and bankruptcy phenomenon increased significantly, resulting in many enterprises, especially SMEs losses, even bankruptcy. Faced with the grim situation, to strengthen foreign trade business, financial risk prevention research, improve risk prevention capabilities and skills is very important and urgent, directly related to the survival of the enterprise. This paper the background of the international financial crisis, the basic content of the connotation of the financial risk of credit risk, foreign exchange risk, settlement risk, cash flow risk, the risk of anti-dumping and other major foreign trade business, features a brief description of the various risks depth and detailed analysis of a variety of risk prevention measures to improve the financial risks of foreign trade enterprises to cope with the capacity and skills to enhance the core competitiveness of enterprises in the international market, safeguard national economic security. Before, during, and after the whole process of risk management for credit risk, which is focused to strengthen. Foreign exchange risk, the proposed arrangements denominated in the currency, and the use of financial instruments such as a number of measures to prevent and resolve the three types of risk in the foreign exchange management. Promote according to the specific circumstances of the settlement risk, the flexibility to select the method of payment, and comprehensive use of the method of payment to reduce the risk. Proposed a number of measures such as income and reduce expenditure, cash flow risk and improve capital efficiency. The results of the research enterprise financial risk is a lot of text book, study the financial risks of foreign trade. The risk of anti-dumping of existing research to explore from management, law and other aspects of risk management, and rarely analyzed from the point of view of Accountancy. The face of increasingly serious to encounter the actual situation of anti-dumping investigations, this article from an accounting point of view corporate response to anti-dumping investigations of countermeasures, particularly stressed that pointed out the need to coordinate our accounting standards with the International Accounting Standards difference, to improve cost accounting, strengthen cost management, protection of the legitimate interests of China's export enterprises in the international market. This is the Features and innovation.

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CLC: > Economic > Trade and Economic > International trade > International Trade Theory and methods > International Trade Practice > International trade in financial management
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