Currently , lots of enterprises initial their finance business , and hold the shares of financial compa-nies, thus the industry -finance holding companies are established.Under the background that the foreign ex-change rate fluctuates more frequently , this paper uses the Granger test and foreign exchange sensitive assets and debts models to evaluate the foreign exchange rate risk of industry -finance holding companies.The empirical re-sults show that the foreign exchange rate risk of industry -finance holding companies is not significant , these results is probably linked with the facts that ...