Author(s)

Yurui Huang ¹

Affiliation(s)

¹ Sendelta International Academy Shenzhen, Shenzhen, Guangdong, 518000, China

Corresponding Author

Yurui Huang

ABSTRACT

With China's financial system further opening up to the outside world, the changes of RMB exchange rate are full of uncertainties, which have multifaceted and multi-level impacts on the national economy, especially for the import and export enterprises with more foreign trade transactions. All those pose great challenges to export-oriented enterprises. That is why there is also a growing demand for export-oriented enterprises to hedge exchange rate risks.

KEYWORDS

RMB devaluation, Financial management, Causes, Strategies

CITE THIS PAPER

Yurui Huang, How RMB Devaluation Impact on Enterprises Financial and Its Coping Strategies. Accounting and Corporate Management (2022) Vol. 4: 81-84. DOI: http://dx.doi.org/10.23977/acccm.2022.040510.

REFERENCES

[1] Sun Yiyuan. The impact of central bank exchange rate communication on the RMB exchange rate-based on the predictive value test method [J]. Hainan Finance, 2021(11):26-36.
[2] Yang Zihan, Sun Jiuwen. The impact of RMB exchange rate changes on the structure of the three major industries: an empirical analysis based on the vector error correction model [J]. Financial Theory Exploration, 2021(05):26-35.

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