Annual Report 2019
172 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報告附註 FOR THE YEAR ENDED 31 DECEMBER 2019 截至二零一九年十二月三十一日止年度 3 財務風險管理 3.1 財務風險因素 本集團的活動使本集團承受多種 財務風險:市場風險(包括貨幣風 險、公平值利率風險、現金流利率 風險及價格風險)、信貸風險及流 動資金風險。本集團的整體風險管 理計劃針對金融市場的不可預測 性,力求將對本集團財務表現所造 成的潛在不利影響降至最低。 (a) 市場風險 (i) 外匯風險 本集團的外幣交易主要 以人民幣、港元及美元 (「美元」)計值。本集團 的大部分資產和負債主 要以人民幣、港元及美元 計值,並無重大資產及負 債以其他貨幣計值。本集 團面對並非以港元、人民 幣或美元(本集團旗下 主要營運公司的功能貨 幣)計值的未來商業交易 及已確認資產及負債所 產生的外匯風險。 管理層認為,與美元有關 的外匯風險並不重大,乃 因港元與美元掛鈎。人民 幣兌港元的匯率須遵守 中國政府頒佈的外匯管 制規則及規例。本集團透 過密切監控外幣匯率的 變動來管控其外幣風險 3 FINANCIAL RISK MANAGEMENT 3.1 Financial risk factors The Group’s activities expose it to a variety of financial risks: market risk (including currency risk, fair value interest rate risk, cash flow interest rate risk and price risk), credit risk and liquidity risk. The Group’s overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group’s financial performance. (a) Market risk (i) Foreign exchange risk T h e G r o u p ’ s f o r e i g n c u r r e n c y transactions are mainly denominated in RMB, HK$ and United States dollar (“US$”). The majority of assets and liabilities are denominated in RMB, HK$ and US$, and there are no significant assets and liabilities denominated in other currencies. The Group is subject to foreign exchange rate risk arising from commercial transactions and recognised assets and liabilities denominating in a currency other than RMB, HK$ and US$ which are the functional currencies of the major operating companies within the Group. The management considers the foreign exchange risk with respect to US$ is not significant as HK$ is pegged to US$. The exchange rate of RMB to HK$ is subject to the rules and regulations of foreign exchange control promulgated by the PRC government. The Group manages its foreign currency risk by closely monitoring the movement of the foreign currency rates.
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