Research on Financial Risk Management and Innovation

Financial globalization since the 1970s has been characterized by the globalization offinancial institutions, capital and financial markets. Financial globalization is a"double-edged sword". It not only enhances financial efficiency on a global scale, but alsobreeds and diffusers of financial risks, that is, financial globalization increases the risks ofthe financial system and makes the transmission of financial risks more frequent and directinternationally. "Finance has become the core of the national economy and foreigninternational relations, and its risks have a great impact on the country, society andeconomy." Therefore, strengthening financial risk management is of great practicalsignificance in the context of financial globalization.

This book conducts a comprehensive and in-depth exploration of riskmanagement and innovation in the financial field, establishing a systematic andcomplete content framework. It begins with an overview of financial riskmanagement, elaborating on the essence of financial risks and their impact on theeconomy, clarifying the significance, core strategies, and key procedures offinancial risk management, and laying a solid theoretical foundation forsubsequent research.

In terms of the framework of the risk management system, the book delvesinto the three core elements of organizational structure, constraint systems, andinformation systems, revealing their crucial roles in financial risk managementAt the same time, it proposes corresponding control and management methodsand strategies for various specific risks such as market risks and legal risks basedon actual situations, providing practical guidance for financial institutions to dealwith risks.

Furthermore, the book examines the financial economy and financial risksfrom a global perspective, analyzes the international financial system and riskmanagement issues ofmultinational companies, and focuses on the digital erabackground to deeply study the innovation of financial business, thedevelopment of financial economic technology, and the paths and influencingfactors of financial economic innovation. The aim is to provide strong theoreticalsupport and practical references for promoting the stable development of the financial industry, enhancing the risk management capabilities and innovationlevels of financial institutions, and is of great significance for promoting thecontinuous and healthy development of the financial field.This book consists of nine chapters, authored by HUANG Chong fromColumbia University, with a total of 200,000 words.The publication cycle ofthis book is relatively short, with tight deadlinesand heavy tasks. Due to our limited abilities, there are bound to be manyshortcomings. We kindly ask for readers' understanding and corrections.