UTILIZING FUTURES MARKET TO EVADE THE RISK OF WATER PRICE FLUTUATION IN THE PROJECT OF WATER DEVERSION FROM THE SOUTH TO THE NORTH
针对南水北调工程采用市场机制导致水价波动风险，提出利用期货市场的风险转移功能，帮助工业企业规避水价上涨带来的成本增加和利润下降，提升国际竞争力。
Water diversion from the South to the North is a large scale project in order to relax water crisis in the North. For suiting the needs of socialist market economy, the project will adopt market mechanism, that is, water price will be determined by the relationship of water supply and demand. In the meantime, the price fluctuation determines the existing of the price risk, if water price is too high, it will bring about production cost increasing and profit decreasing. As a result, in the light of the urban water using for industry, the paper puts forward that utilizing the function of risk shifting of the futures market to evade the risk caused by water price fluctuation for enterprises, and it is benefit for enterprises to increase their international competition.