The Researches on Hedging of Small and Medium-sized Enterprises

With the rapid development of world economic integration, then the globalization of capital markets system is gradually formed, China's commodity prices not only by fluctuations in the domestic market, Also by the fluctuations of international market price, Small and Medium-sized Company in order to avoid price negative fluctuations hurting their continuing operations, part of enterprises enter into international or domestic future markets, due to the lack of professional knowledge of hedging and the temptation of speculation, more and more small and medium-sized enterprise's hedging are end in failure, In this paper, first introduce the basic principle of hedging, and then proposed three models of hedging, with hoping to give some advices to enterprise's hedging.