Foreign trade enterprises need to pay attention to the expectation of RMB appreciation
Ding Zhijie, Dean of the School of Finance of the University of International Business and Economics, said at a seminar co-hosted by Tsinghua University and Tongshanghui, on the impact of exchange rate appreciation on the foreign trade industry and its countermeasures, said that the appreciation of the RMB exchange rate will accelerate this year, and may become a 2005 exchange rate appreciation. Since 2008, the appreciation of the RMB has been relatively large, and the appreciation of the RMB will bring a series of structural impacts. China's foreign trade import and export enterprises should strengthen exchange rate management, adopt corresponding business methods to deal with the appreciation, and reduce the time and scale of foreign currency assets.
The central bank's rate hike on April 6 increased expectations for the appreciation of the renminbi. On the China Foreign Exchange Trading Center, the renminbi inquiry closed at 6.5440 per dollar on April 6, and the exchange rate rose again from the closing price of 6.5479 on Friday. 39 pips. The intraday high had hit 6.5438 to the dollar, the highest intraday level of the yuan against the dollar since it began trading in 1994.
Exchange rate risk is ubiquitous and in various forms; at the same time, Chinese enterprise risk management capabilities are still weak. In this regard, Ding Zhijie believes that Chinese foreign trade enterprises should strengthen the awareness of exchange rate risk management, enhance exchange rate risk management skills, minimize the size and holding time of assets denominated in local currency, reduce currency mismatch, increase foreign currency liabilities, and reduce RMB liabilities. , select a reasonable asset and liability currency structure.
Recommended news
苏公网安备32111102000509