Foreign exchange business operations and risk management

Author: Wu Lihua
Publisher:
Publish Date: 2003-04-01
Features: With China's entry into the WTO, foreign enterprises have been entering China in large numbers, and Chinese enterprises are also moving towards the global market, aligning with international standards. Chinese individuals are gradually using foreign exchange as a tool for investment and wealth management. For this reason, banks, enterprises, governments, universities and colleges, as well as people from all walks of life, urgently want to understand the rules of the international foreign exchange market, the methods and techniques of foreign exchange operations, and knowledge of foreign exchange risk management. Based on international practices and combining years of teaching and research in the courses of "International Finance" and "Foreign Exchange Operations and Foreign Exchange Risk Management," the author systematically introduces and thoroughly explores the latest foreign exchange operation methods and foreign exchange risk management in the current international market.
Overall, the book can be summarized by three major features: , strong practicality, making it an excellent textbook for learning foreign exchange market operations. From a micro perspective, the author first introduces the latest foreign exchange operation methods internationally, supplemented by numerous examples. To help readers better understand and master foreign exchange operation methods, various techniques are summarized into many charts. Secondly, it also details the methods of predicting exchange rate trends and various foreign exchange risk management techniques. Through extensive case studies, readers can quickly and flexibly grasp foreign exchange operation skills and conduct risk management.
Second, the content is novel, closely integrating practical and theoretical discussions, and. The book incorporates the latest research findings from both domestic and international sources, and the foreign exchange operation methods presented are prevalent in the international foreign exchange market. Currently, only a few banks in China engage in forward foreign exchange transactions and swap foreign exchange transactions. Personal foreign exchange trading has just begun in China and is gradually becoming a new investment hotspot. Foreign exchange futures and options transactions have not yet been launched in China. From the perspective of foreign exchange investment, the author designs various different foreign exchange portfolio investment strategies, accompanied by graphics, and calculates the break-even point, which is a major innovation of the book. The author also conducts an in-depth theoretical discussion on how to use innovative financial instruments such as foreign exchange futures and options to mitigate foreign exchange risk.
Third, the book is comprehensive and systematic, easy to understand yet profound, and widely applicable. Starting from the basic theories of foreign exchange, it introduces the operating system of foreign exchange operations, the methods and techniques of major foreign exchange operations in the international market, the fundamental and technical analysis of factors predicting exchange rate trends, and knowledge of foreign exchange risk management, with rich text and graphics, aiming to help readers quickly understand, master, and apply the content. This book can serve as a textbook for finance and economics majors in universities and colleges, and can also be used as a reference book for people from all walks of life to learn about foreign exchange operations and foreign exchange risk management, with significant social value. The publication of this book meets the requirements of China's economic development in the 21st century, and it is believed that the book will play an important role in cultivating international finance professionals in China.
With China's entry into the WTO, foreign enterprises have been entering China in large numbers, and Chinese enterprises are also moving towards the global market, aligning with international standards. Chinese individuals are gradually using foreign exchange as a tool for investment and wealth management. For this reason, banks, enterprises, governments, universities and colleges, as well as people from all walks of life, urgently want to understand the rules of the international foreign exchange market, the methods and techniques of foreign exchange operations, and knowledge of foreign exchange risk management. Based on international practices and combining years of teaching and research in the courses of "International Finance" and "Foreign Exchange Operations and Foreign Exchange Risk Management," the author systematically introduces and thoroughly explores the latest foreign exchange operation methods and foreign exchange risk management in the current international market.
This textbook consists of twelve chapters. Chapters 1 and 2 introduce the basic knowledge of foreign exchange and the operating system of foreign exchange operations; Chapters 3 to 9 mainly introduce the foreign exchange operation methods internationally and China's personal foreign exchange trading; Chapters 10 to 11 introduce the fundamental and technical analysis of factors predicting exchange rate trends; and Chapter 12 discusses specific measures for foreign exchange risk management.