On the morning of May 28th at 9:30 am, the Human Resources Department organized a training session on the flexible use of financial instruments and risk avoidance to address the financial operational issues encountered in business transactions between departments. This training invited the product manager Shen Ruirui and customer manager Lu Yuyu from China Merchants Bank, a long-term partner of the company, to come and explain.

Firstly, Manager Shen put forward suggestions on how enterprises can avoid risks in response to the exchange rate issue. He pointed out that the company should strengthen its risk awareness, try not to bet on unilateral depreciation or appreciation of the exchange rate, pay attention to the balance point of the bank and foreign exchange, and choose hedging tools in a timely manner, such as handling foreign exchange lock up business.

After gaining a certain understanding of risk avoidance, Manager Shen provided a detailed introduction to some commonly used and applicable financial instruments for the company's current situation. He proposed that bank guarantees, current loans, domestic/international letters of credit, domestic factoring, and other commonly used financial instruments, but based on the current international situation and enterprise status, domestic letters of credit have significant advantages. Domestic letters of credit, as a financing tool, have now opened online services and can be directly processed through online banking on the online platform. Subsequently, Manager Shen explained in detail the process and precautions for handling domestic letters of credit.

Manager Shen has finished his explanation, and Manager Lu has provided a detailed answer to the list of practical questions regarding bank acceptance bills provided by the previous business department. Although the business scope of each department is different, bank acceptance bills are still the most commonly used financial instruments in business transactions. The main focus is on issues such as bill pools, endorsement transfers, and the large-scale and small-scale dismantling of bank accepted bills. Manager Lu answered the list of questions one by one and actively interacted with the employees, patiently answering the questions raised by everyone.

Finally, regarding the practical situation of business transactions, everyone asked serious questions and discussed with the two managers to find ways to optimize business processes. In the lively discussion among everyone, the theme training was successfully concluded.