Foreign Exchange Risk Analysis and Countermeasures of Chinese Multinational Corporations

Based on the Analysis of China National Petroleum Corporation

DOI

10.2991/978-94-6463-224-8_35How to use a DOI?

Keywords

Foreign exchange risk and finance; foreign exchange risk types; foreign exchange risk Management

Abstract

In recent years, Chinese multinational companies are facing increasing exchange rate risks with the deepening degree of internationalization. This paper takes China National Petroleum Corporation as the object, based on the financial data of the company in recent three years, and discusses mainly from three aspects: the relationship between exchange rate fluctuations and finance, the types of foreign exchange risks faced by the company, and foreign exchange risk management countermeasures. Through the above analysis, it can be seen that in the years of intense exchange rate fluctuations, the foreign exchange risk faced by the company has caused a certain impact on profits, and it is urgent to take necessary measures for management.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yunqin Hu
PY  - 2023
DA  - 2023/08/23
TI  - Foreign Exchange Risk Analysis and Countermeasures of Chinese Multinational Corporations
BT  - Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023)
PB  - Atlantis Press
SP  - 280
EP  - 284
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-224-8_35
DO  - 10.2991/978-94-6463-224-8_35
ID  - Hu2023
ER  -