Exchange Losses Can Crush The Profits Of The State-Owned Enterprises, And The Achilles' Heels Can Not Sit Idly By.

This year, the reason for the huge loss of foreign exchange in energy and aviation enterprises is the continued depreciation of the yuan at the beginning of this year.

Since the beginning of the year, the cumulative depreciation of the RMB against the US dollar has reached 1.5%. In April 30th, the RMB exchange rate against the US dollar reached its lowest level in 6.2676 years.

RMB continued in the first half of this year

Like a sharp arrow, sharp and swift piercing the Achilles heel of these industry giants is the exchange rate control department.

This arrow has directly injected many enterprises from the situation that should have been profitable to a huge loss.

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Risk will force enterprises into such a desperate situation. It can be said that the road of Chinese enterprises to integrate with the international community is a long way to go.

As a huge amount of US dollar debt, facing the huge exchange rate risk, the first thing we should do is to set up a sound exchange rate risk control system.

First,

We should attach importance to the construction of this sector, introduce or train relevant talents, and try our best to improve our internal wind control system. Beauty Company is an example worth learning from.

Since 2011, the United States has begun to build its own exchange rate wind control department, which has achieved great success this year.

When most other companies experienced exchange losses, the us realized 223 million yuan exchange rate gains in the first half of this year.

At the same time, many enterprises can consider diversifying their own foreign currency, especially those countries that can directly exchange with the renminbi.

Since 2008, the central bank has signed a total of 2 trillion and 500 billion RMB swap agreements with 23 central banks.

With the continuous development of RMB internationalization, the scale of currency swap agreements will become larger and larger.

This exchange between different currency debts can reduce the cost of financing and prevent losses caused by exchange rate changes.

However, since China Aviation Oil participated in hedging in 2009 and caused huge losses, regulators began to strictly control airlines' participation in similar pactions.

China, the world's largest trading entity and the world's second largest economy, should be in line with the world's largest daily trading market and financial derivatives market.

Every day, we worry that we will face enormous risks when we open up the foreign exchange market, so that we can strictly control the market. We can not effectively solve the fundamental ills, because the market will eventually be connected, and it is already the general trend.

Now that the central bank and the safe should be gradually opening up in the market, we should vigorously strengthen the education of foreign exchange related knowledge in enterprises, banks, brokerages and even universities, and introduce advanced concepts and relevant technical talents from abroad, so as to perfect our foreign exchange market before the internationalization of RMB fully and enhance the exchange rate risk control ability of various industries.

This is the perfect solution to the Achilles heel.