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套期保值是指把期货市场当作转移价格风险的场所,利用期货合约作为将来在现货市场上买卖商品的临时替代物,对其现在买进商品的价格进行保险的交易活动。在当前信息高速膨胀时代,货币市场的建立,不仅使企业能通过期货市场获取未来市场的供求信息,提高企业生产经营性决策的科学合理性,而且为企业通过套期保值来规避市场价格风险提供了场所。但是,套期保值同时也存在高风险,需要合理规避其风险,使套期保值的作用得以充分发挥,本文以中国航空公司为例,分析其燃油套期保值的现状及原因,进而提出解决问题的对策及建议。
Hedging refers to taking the futures market as a place for transferring price risk. Futures contracts are used as temporary substitutes for buying and selling commodities in the spot market in the future, and insurance transactions are conducted on the prices of the commodities they buy now. In the current era of rapid information expansion, the establishment of a money market not only enables enterprises to obtain future market supply and demand information through the futures market, but also increases the scientific rationality of enterprises’ production and operation decisions. It also provides enterprises with hedging to avoid market price risk The place. However, hedging also has high risk, so it needs to avoid its risk reasonably, so that the role of hedging can be brought into full play. In this paper, taking China Airlines as an example, this paper analyzes the current situation and reasons of hedging and then proposes to solve the problem Countermeasures and suggestions.