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随着国内利率市场化改革、汇率机制的逐步推进以及对外开放范围的扩大,国内金融市场对于金融创新的需求越来越强烈,主要包括几个方面:一个是应对汇率波动、利率风险变化的交易制度与交易工具的创新。2005年汇率改革后,人民币汇率升值给许多企业带来不小的损失。以工商银行的汇兑风险为例,IPO后将有大量外资货币资金进来,如何利用货币调息、远期交易等工具进行风
With the market-based interest rate reform in China, the gradual promotion of the exchange rate mechanism and the expansion of the scope of opening up to the outside world, the demand for financial innovation in the domestic financial markets has become increasingly strong. There are several aspects to the financial market reform. One is dealing with exchange rate fluctuations and interest rate risk changes Institutional and Transactional Tool Innovation. After the exchange rate reform in 2005, the appreciation of the renminbi has brought a lot of losses to many enterprises. Take the exchange rate risk of ICBC as an example. After IPO, there will be a large amount of foreign currency funds come in. How to make use of tools such as currency rate adjustment and forward trading