Wednesday, December 29, 2010
The international financial crisis paint companies how to control the export risks.
<p> enterprise risk the financial crisis to increase exports, develop multi-market adjustment of export structure, collecting customer credit to strengthen loan recovery, reasonable and timely hedging exchange rate forecasts. .</ P> <p> view of the global financial crisis has a profound impact on the real economy, as slowing economic downturn in the macro on the introduction of proactive fiscal policy and increased fiscal spending, large tax cuts, pushing value-added tax as soon as possible, the implementation of consumer .based value-added tax system, expanding the budget deficit and stimulate domestic demand, adjust the intensity of monetary policy, the implementation of appropriate monetary policy, policy orientation is correct. .At the micro level, the paint companies should not be taken lightly, especially in export paint companies, must learn to control the export risks. .</ P> <p align="center"> </ p> <p> export risks mainly in the following areas: </ p> <p> First, the world economic downturn, due to reduced demand for export orders to reduce risk. .It is difficult to make the export business sales, lower profits or even losses, decline in capacity utilization, production or go bankrupt, workers lose their jobs. .</ P> <p> second loan recovery risk. .Importing countries as the economic recession, companies and individuals ability to pay down the credit reduction in payment difficulties, exports can not recover in time after the arrival of payment, or simply can not recover the money. .</ P> <p> Third, exchange rate risk. .In the global financial crisis and world economic recession, the impact on different countries, exchange rate changes are inevitable. .If the yuan appreciation, foreign exchange received export devaluation will result in actual losses for exporters. .</ P> <p> order to guard against the risks of reduced export orders, while China's export enterprises should promptly adjust the export market structure, to seek new export markets and develop diverse market and take the strategy of market diversification; the other hand, .can turn to development of the domestic market. .Although China is also deeply the financial crisis, but compared to major trading partners, the European Union, the United States, Japan, China suffered a relatively small impact, coupled with the central government introduced a series of stimulating domestic demand and ease the downward pressure on economic policy, in particular, .is to implement a proactive fiscal policy and loose monetary policy, domestic market demand is still expected to maintain rapid growth, export sales to domestic enterprises, to some of the market, you can get to breathe, or through economic difficulties. .In fact, many coastal textile and garment, footwear, toy manufacturers and exporters have been seeking to expand the domestic market. .</ P> <p> recovery of export proceeds in order to prevent the risk, companies should start from three aspects: First, emphasis on the collection and assessment of credit importers can not rely solely on historical experience and past business dealings in the establishment of friendship, the international trade environment .determine the variability of changes in customer circumstances, in the past worked with the credit status of customers will change as the environment changes, you must update the customer's credit information, to create dynamic customer credit data. .Some small and medium enterprises can not directly control the export customer credit information, can be entrusted to other companies or organizations for investigation. .Second, the emphasis on export credit insurance. .At present, China's export credit insurance, business insurance is not especially high, export credit insurance coverage is far lower than developed countries, especially SMEs, awareness of the export credit insurance generally weak, unwilling to spend money to buy insurance, once the difficulties encountered in export volume .and loss, then too late. .Financial crisis and economic turmoil in the era of increased investment in export credit insurance is an effective measure to guard against foreign exchange risks. .Third, improve the corporate financial systems and risk control systems. .Reasonable period of export receivables generally 3 to 6 months, once beyond this period should be handled as a bad debt, bad debt reserves, and timely disclosure of relevant information. .Otherwise, easy to affect the normal flow of funds. .</ P> <p> order to guard against exchange rate fluctuations, the first to reasonably predict the long-term trend of exchange rate changes. .In foreign trade, exports from the signing of the contract to receive payment, there is always time to predict movements in the exchange rate, select the appropriate settlement currency, the exchange rate fell for the prevention and improve the effectiveness of exports is essential. .Second, to strive for strong currency transactions to avoid currency devaluation loss. .Again, the implementation of foreign exchange hedging. .RMB against the U.S. dollar, the euro exchange rate greater appreciation of the high probability, according to estimates the contract and has signed contracts to exchange the future will receive the premium in accordance with national regulations for the yuan locked. .Recover the money locked when the exchange rate higher than the exchange rate, you can play the role of foreign exchange hedging. .In addition, the sale of forward foreign exchange. .This is also the international trade payments, the most common method of preservation. .Exchange earnings from export enterprises in order to avoid losses when the exchange rate down, you can sell an early period and the proceeds collected, the amount of forward foreign currency the same. .</ P> <P> <P>.
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