2008年,金融海啸引起大宗商品价格的微小变化,却足以使一部分中国企业经历剧烈动荡。投资境外金融衍生品使中信泰富、深南电、东方航空、中国国航、中国远洋、江西铜业等一大批企业遭受巨亏,境外衍生品交易的作用和目的不断受到各方质疑。然而,成熟市场经验表明,金融衍生产品作为避险工具,如果使用恰当只会降低市场风险而不会放大或产生新的风险。我国企业海外金融衍生品巨亏 In 2008, a small change in the prices of commodities caused by the financial tsunami was enough to cause some Chinese enterprises to experience violent turmoil. Investments in offshore financial derivatives caused huge losses to a large number of enterprises such as CITIC Pacific, Shennan Electric, China Eastern Airlines, Air China, COSCO and Jiangxi Copper, and the role and purpose of overseas derivatives transactions were constantly challenged by all parties. However, mature market experience shows that as a hedging instrument, financial derivatives can not magnify or create new risks if they are properly used and only reduce market risks. Chinese enterprises overseas financial derivatives giant loss