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Description |
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With China’s rapidly becoming an important player in global trade and international investment, Chinese companies are increasingly connected to the international market and international capital, but this also exposes them to increased risks. In addition, international pressure for further appreciation of RMB is rising, and the reform of domestic financial market is accelerating…all implying that it’s important and urgent for Chinese enterprises to more effectively evaluate and manage the foreign exchange risks in international business. |
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Objective |
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This course is designed to give the participants an overview of the theory and practice of international finance. The participants will learn the basic concepts of foreign exchange risk and hedging in the setting of international trade and finance, the institution and instruments in international financial markets, and the application of risk management techniques in international business. |
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Participants |
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The programme is designed for senior managers or executives in finance, marketing, strategic planning, or general management who are either directly involved or are impacted by foreign exchange risk management policies. Other senior managers or executives may also benefit from the programme by gaining a deeper understanding of foreign exchange and its impact on their operations. |
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Benefits |
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Participants in the programme will:
- Gain more in-depth understanding on the fast-changing foreign exchange market
- Understand and interpret various indicators in the foreign exchange market to better recognise market trends
- Master a set of tools to manage a company’s foreign exchange risk to avoid potential risk in P&L
- Enhance company’s profitability and competitiveness through proactive foreign exchange management
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Coverage |
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- Basic concepts of the foreign exchange market
- RMB exchange rate
- Basic concepts of foreign exchange exposure
- International financing and overseas investment
- Overview of the China’s macro-economic policy
- Currency crisis models - lessons learned
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Schedule |
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Day 1
- morning Basic Concepts of Foreign Exchange Market
- Spot foreign exchange and foreign exchange quotation
- The most basic foreign exchange derivative: forward foreign exchange
- Other foreign exchange derivatives: foreign exchange futures and foreign exchange options
- afternoon RMB Exchange Rate
- Evolution of RMB exchange rate system
- China’s balance of payments
Day 2
- morning Basic Concepts of Foreign Exchange Exposure
- Types of foreign exchange exposure and risk evaluation
- Transaction exposure analysis and risk management
- Operation exposure analysis and risk management
- afternoon International Financing and Overseas Investment
- International financing cost
- Eurobonds
- Overseas investment project evaluation
Day 3
- morning Overview of the China’s Macro-Economic Policy
- China’s macro-economic environment
- China’s banking reforms and the opening of the foreign exchange control
- Forecast of future trends: opportunities and challenges
- Survey of the international foreign exchange market
- afternoon Currency Crisis Models: Lessons Learned
- Examination of the types of currency crisis
- Case study
- Key lessons from the crisis
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Faculty |
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Professor Zhang Yimin, Programme Director
Guest Speakers:
- Stephen Green, Senior Economist, Standard Chartered Bank Shanghai
- Roberto Dumas Damas, Chief Representative, Banco Itau Shanghai Representative Office
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Venue |
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- Shanghai (CEIBS Shanghai campus, 699 Hongfeng Road, Pudong, Shanghai)
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Admissions |
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Applications are reviewed as they arrive. Completed applications must be received 20 working days before the start of the programme. Any applications received after that date will be considered on a space-available basis. Please address all applications and enquiries to our customer service team in Shanghai, Beijing or Shenzhen.
If a confirmed booking is cancelled within 15 working days of the start of the programme, or if the applicant fails to attend the programme, a cancellation fee equaling to 20 percent of the total programme fee will be charged. If an applicant is unable to attend the programme, the applicant may transfer to another CEIBS Executive Education Programme within the same calendar year. When a request to substitute participant(s) for the same programme is made less than 15 working days prior to the start of the programme, the seat(s) will not be guaranteed. |
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* CEIBS reserves the right to amend information on this programme including price, date, location, faculty, daily schedule and other details. |
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