Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023)

Foreign Exchange Risk Analysis and Countermeasures of Chinese Multinational Corporations

Based on the Analysis of China National Petroleum Corporation

Authors
Yunqin Hu1, *
1Hangzhou Dianzi University, Hangzhou, 310018, Zhejiang, China
*Corresponding author. Email: 15968906511@163.com
Corresponding Author
Yunqin Hu
Available Online 23 August 2023.
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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Volume Title
Proceedings of the 2023 3rd International Conference on Enterprise Management and Economic Development (ICEMED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
23 August 2023
ISBN
978-94-6463-224-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-224-8_35How to use a DOI?
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.

Cite this article

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  -