我国的资本市场还不够健全,多数企业是通过银行信用和商业信用等方式筹集资金,即采取了负债经营的模式,并且负债比例较高。自2008年爆发金融危机后,世界经济发展进入低迷时期,人民币持续升值,我国的出口主导型企业受到重创,且国内也出现了较高的通货膨胀率,为稳定物价,国家多次上调存款准备金率和利率以收紧信贷,这使得国内的企业不得不面临着汇率风险增大、利率风险增大的双重困境。在新形势下,企业认清外界市场环境的变化及影响,对自身举借的债务进行成本控制和风险防范,并将其作为日常财务管理工作的重要组成部分,意义十分重大。 China’s capital market is still not sound enough. Most enterprises raise funds through bank credit and commercial credit, that is, they adopt the mode of debt management and have a high debt ratio. Since the outbreak of the financial crisis in 2008, the world economy has been in a downturn and the renminbi has continued to appreciate. China’s export-led enterprises have been hit hard and the country has experienced a high rate of inflation. To stabilize prices, the state raised the deposit reserve on many occasions The gold rate and interest rate to tighten credit, which makes domestic enterprises have to face the double jackpot exchange rate risk increases, interest rate risk increases. Under the new situation, it is of great significance for the enterprises to recognize the changes and influences of the external market environment, to control the cost of borrowing their debts and to prevent risks, and to make them an important component of their daily financial management.