加强套期保值、防范汇率风险正当其时  

Critical Moment for Strengthening Hedging and Preventing Exchange Rate Risks

作　　者：官佳莹 黄冰洁 张杰[1] 

机构地区：[1]中信银行金融市场部

出　　处：《中国货币市场》2020年第3期43-48,共6页China Money

摘　　要：随着人民币汇率波动加剧,企业汇率套保需求增强,监管者也出台文件,引导市场强化对影响经济金融宏观安全的敞口风险管理。文章分析指出,鉴于银行间外汇市场价格发现功能良好,商业银行汇率风险管理产品体系健全,市场汇率风险认识不断强化,汇率风险管理正当其时。文章以案例进一步介绍了汇率避险的方案选择。As the RMB exchange rate volatility has increased,and exchange rate hedging needs of enterprises have increased,the regulators have issued documents to guide the market to strengthen risk management of exposures that affect the macroeconomic security of the economy and finance.The article analyzes the situation and points out that it is critical time to conduct exchange rate risk management in view of the good price discovery function of the interbank FX market,the soundness of the exchange rate risk management product system of commercial banks,and the constant enhancement of market exchange rate risk identification.The article further introduces with cases the options of exchange rate hedging.

关 键 词：套期保值 汇率风险 价格发现功能 银行间外汇市场 人民币汇率波动 风险管理 汇率避险 监管者 

分 类 号：F832.6[经济管理—金融学] F832.33