套期保值是期货市场产生和发展的原动力,是生产经营企业进行价格风险规避的手段,然而,套期保值的最终结果并未必将风险全部转移出去。近年来,我国期货市场上套期保值风险事件屡屡发生,例如,近几年的“中航油”和“国储铜”事件,都给套保企业带来了巨大的损失。另外,中盛粮油利用CBOT大豆和豆油的期货和期权合约从事套保交易,价格背离走势使该企业遭受双重亏损。因此,套期保值交易中存在的风险值得警惕。 Hedging is the driving force behind the emergence and development of the futures market. It is a means for the production and operation of enterprises to avoid price risks. However, the final result of hedging does not necessarily transfer all the risks out. In recent years, the risk events of hedging frequently occur in the futures market of our country. For example, in recent years, the “CAO” and “State Reserve Copper” incidents have all caused huge losses to the hedging enterprises. In addition, Zhongsheng Oil uses CBOT soybeans and soybean oil futures and options contracts engaged in hedging transactions, the deviation of the price of the business suffered double losses. Therefore, the risks that exist in hedging transactions warrant vigilance.