Financial crisis paint companies avoid export risks need three note

Financial crisis to increase export enterprise risk, adjust the export structure to develop diversified market, the acquisition price paid for the client credit enhancement, reasonable forecast recovery of exchange rate hedging in a timely manner.

In view of the global financial crisis has profoundly affected the real economy, in order to slow the economic downturn, proactive on the macro-fiscal policy, a significant increase in financial charges, tax, sales tax transition as soon as possible once, the implementation of consumer-based VAT system, and expand the deficit of the budget to stimulate domestic demand and adjust the intensity of monetary policy, the implementation of the moderate liberal policy orientation of monetary policy, is correct. At the micro level, paint companies will not be taken lightly, especially export paint companies, must learn to control the export venture.

Export risks mainly has following several aspects:

First, the world economic downturn, causing a drop in demand to reduce the risk of export orders. It enables export enterprise sales, profitability, reduce, or even loss starts decline, discontinued or closed down, unemployment.

Second, the purchase price recovery risks. Because of the economic recession in importing countries, enterprises and individuals to pay down credit reduced payment difficulties occurred, after the arrival of exports cannot recover the loan in a timely manner, or will not be able to recover the purchase price.

Third, the exchange rate risk. In the global financial crisis and economic recession in the world, countries are affected, exchange rate fluctuations are inevitable. If the appreciation of the Renminbi, the foreign exchange devaluation of export, will lead to the actual loss to the exporter.

In order to prevent export orders to reduce the risks, on the one hand, our export enterprises should promptly adjust export market structure, efforts to find new export markets, the development of diversified market, market diversification strategy; on the other hand, to develop the domestic market. Although China has also suffered from this financial crisis, but compared to major trade partners of the European Union, the United States, Japan, the impact is relatively small, coupled with the Central Government has introduced a series of stimulating domestic demand and alleviate the downward pressure on economic policy, in particular to implement an active fiscal policy and moderate loose monetary policy, it is expected that the domestic market demand continues to maintain a relatively rapid growth in export enterprises put part of the sales to the domestic market, you can get relief machine, or to overcome economic difficulties. In fact, coastal many textile and garment, shoe, toy manufacturers and exporters have sought to expand the domestic market.

In order to prevent the risk of export loan recovery, enterprises should have a three-pronged approach: first, the emphasis on importers of acquisition and assessment of the credit, do not rely solely on historical experience and past business, establishing friendships, international trade and environmental variability determines the client changes, in the past, cooperation of the customer's credit situation will change as the environment changes, you must promptly update the customer's credit information, build dynamic data of the customer credit. Some small and medium-sized exporters cannot directly to master customer credit information, you can delegate other enterprises or institutions assist in the investigation. The second is to export credit insurance. At present, China's insured export credit insurance companies rate is not high, export credit insurance coverage is far lower than developed countries, especially small and medium-sized enterprises for export credit insurance awareness generally weak, not willing to spend money to buy insurance, in the event of difficulties and loss of export proceeds, huizhiwanyi. The financial crisis and economic turbulence, improve export credit insurance, is preventing the risk of Exchange collection. The third is the perfect enterprise financial systems and risk control system. Export receivables of the reasonable period of time is usually 3 to 6 months, once over this period should be pocketing, uncollectible account, and timely disclosure of relevant information. Otherwise, the effect of enterprise funds normally easily working capital.

In order to prevent the risk of exchange rate fluctuations, first reasonable forecast exchange rate trends over time. In foreign trade, from signing the contract to recover the purchase price for export, there is always a period of time, the forecast exchange rate trends, select the appropriate currency exchange rate for the prevention, to improve the effectiveness of the export decline is essential. Secondly, seeking to strong monetary transactions, to circumvent the loss of foreign exchange devaluation. Once again, foreign exchange hedging. RMB against the dollar, the euro exchange rate, the larger the probability is high, the dollar may be based on the estimated contract and the contract has been signed, the future will receive foreign currency in accordance with the provisions of the price of the lock state is RMB. Locking of exchange rates higher than the price paid for the exchange rate at the time of recovery, you can play the role of foreign currency hedging. In addition, the sale of forward foreign exchange. This is the international trade payment most common hedging methods. Export enterprises in order to avoid foreign-exchange rate fell when the loss, you can sell an amount in advance and the collection period, the same amount, currency forward exchange.