Research on the United Venture Capital Investment in Prevention of Foreign Exchange Risk

The main factors constricted the enterprise´s using derivatives exchange hedging are: enterprise hedge consciousness and ability is not strong, commercial Banks exchange hedging financial services in negative, existing financial products are not suitable for necessity of small and medium-sized enterprises most needed.These three factors is essentially due to the risk of exchange rate uncertainty and enterprise´s capital and small scale of business.Foreign joint venture investment enterprises avoid financial theory based on the fund value function, based on the theory of resources to reduce transaction costs and expansion projects, to solve the flow of the small and medium-sized enterprises of foreign exchange hedging export business provides a new idea.