The recent increase in volatility in the foreign exchange market has affected the stability of foreign trade business. For cross-border sellers, avoiding the risks brought by exchange rate fluctuations is crucial.
On December 15th, Anke Innovation released a notice on continuing to carry out foreign exchange hedging business. The announcement shows that the volatility of the foreign exchange market has increased. In order to effectively prevent the uncertain impact of exchange rate fluctuations on its company's operating performance and improve the efficiency of foreign exchange fund utilization, Anke Innovation and its subsidiaries plan to engage in foreign exchange hedging business with financial institutions such as banks approved by relevant government departments and qualified for relevant business operations.
The announcement shows that Anke has launched foreign exchange hedging business this timeThe total amount does not exceed RMB4 billion yuan(or equivalent foreign currency), including but not limited to forward settlement and sales of foreign exchange business, foreign exchange swap business, foreign exchange option business, and other foreign exchange derivative products business. According to the data, the funding source of Anke this time is its own funds and does not involve fundraising.
For this foreign exchange hedging business, Anke mainlyfromImprove relevant internal control systems, equip professional personnel,Real time adjustment of business strategy, regular inspection and review of related businessesStarting from various aspects.
Anke stated in the announcement that its foreign exchange hedging business is closely related to production and operation, and this measure can further enhance its company's ability to cope with foreign exchange fluctuation risks, better avoid and prevent foreign exchange rate fluctuation risks, and enhance financial stability.
The increasing instability of exchange rates has also raised concerns among foreign traders. According to the latest data,As of today09:36:01The onshore RMB exchange rate is 6.3702. Today's median price is 6.3651, an increase of 52 points. The exchange rate of the euro is 7.2219, and the pound is 8.5038.
In the European and American regions, inflation in the United States is still ongoing. In European foreign exchange, the recent fluctuations in the lira are even more worrying, sometimes plummeting and sometimes rising, further exacerbating foreign exchange risks. In addition, the emergence of the Omicron virus has increased the operational risk coefficient of cross-border enterprises, and enterprises and sellers need to take corresponding measures.