Annual Report 2020

FOR THE YEAR ENDED 31 DECEMBER 2020 截至二零二零年十二月三十一日止年度 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報告附註 170 SHOUGANG CONCORD CENTURY HOLDINGS LIMITED 首長寶佳集團有限公司 3 財務風險管理 （續） 3.1 財務風險因素 （續） (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、美元 （「 美 元 」）及 歐 元（「 歐 元」）計值。本集團的大部 分資產和負債主要以人 民幣、港元、美元及歐元 計值，並無重大資產及負 債以其他貨幣計值。本集 團面對並非以人民幣及 港元（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。 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。 根 據 香 港 聯 繫 匯 率 體 制，因港元與美元掛鈎， 所以管理層認為與美元 有關的外匯風險並不重 大（二零一九年：相同）。 3 FINANCIAL RISK MANAGEMENT (continued) 3.1 Financial risk factors (continued) (a) Market risk (i) Foreign exchange risk The Group ’s f ore i gn cu r rency transactions are mainly denominated in RMB, HK$, United States dollar (“US$”) and Euro (“EUR”). The majority of assets and liabilities are denominated in RMB, HK$, US$ and EUR, 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 and HK$ which are the functional currencies of the major operating companies within the Group. 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. Under the Linked Exchange Rate System in Hong Kong, HK$ is pegged to US$, management therefore considers that there is no significant foreign exchange risk with respect to US$ (2019: same).