How Chinese Financial Centers Integrate into Global Financial Center Networks:An Empirical Study Based on Overseas Expansion of Chinese Financial Service Firms

The increasing globalization of the Chinese economy has been enabled by both Chinese financial institutions operating globally as well as international firms operating within China. In geographical terms, this has been organized through a number of strategic cities serving as gateways for the exchange of financial functions, products and practices between China and the global economy. Drawing on location data of financial service firms in China listed on stock exchanges in Shenzhen, Shanghai and Hong Kong, this paper shows that Chinese financial firms are expanding globally and how Chinese financial centers are positioned and connected in the urban networks shaped by these financial service firms. It is found that Hong Kong, China, holds strategic positions in the integration of Chinese cities into global financial center networks, and that establishing a foothold in global financial centers such as New York and London has been a priority for Chinese financial institutions. The increasing capital flows directed by Chinese financial institutionssuggests a shifting global financial geography, with numerous Chinese cities playing increasingly important roles within global financial center networks.

Research on vertical deformation during construction of Shanghai World Financial Center

Shanghai World Financial Center is one of the highest buildings in the world, of which cumulation of vertical deformation during construction is significant and worth investigating. A refined finite element model was developed to conduct full-process analysis of construction of super-high rise buildings like Shanghai World Financial Center, in which the discrete analysis method of time-varying structures and age-adjusted effective modulus method were both used. In the finite element analysis, the whole construction process was divided into a series of stages, each with a structural system that is a part of the whole structure and with different material parameters, geometrical parameters, loading and boundary conditions. The whole construction process of Shanghai World Financial Center in consideration of creep of concrete was simulated successfully by using the finite element model and the analytical method developed. With respect to different construction stage, the total vertical deformation, inter-floor compression deformation and the relative deformation between the outer frame and the core-wall were obtained through the analysis. The comparison between the results from the stage-wise full-process analysis of construction with and without considering the creep and the results from the conventional analysis of the whole building under the total load from all self-weight and construction applied to the structure "in one go" shows that the cumulative effect on the deformation from the construction process and the creep effect need to be considered in analyzing the deformation of Shanghai World Financial Center, and the super-high rise buildings suchlike. Finally, the simulation results correlate well with the monitoring results-a proof of the feasibility and the validity of this paper.

Financial Street—Landmark of the Beijing Financial Center

Redefining Beijing For a long time Beijing has served as the political and cultural center for the country.While Shanghai and Shenzhen were encouraged to grow and reach their financial goals,Beijing cautiously dodged the label of a'financial center',in order to avoid the criticism of'redundant construc- tion'.However,Beijing is the birthplace of China's financial policies.Due to its special geographic position and drive

Empirical Research on the City Financial Service Satisfaction in Emerging Economies Financial Centers

A secondary indexes system is constructed by using the SERVQUAL model of the service satisfaction measurement and combining the basic principles of financial service as well as its ＂tolerance zones＂ . All kinds of financial service satisfaction indexes are analyzed and tested empirically in Shanghai and other major emerging financial centers, and it is concluded that emerging financial centers are in a disadvantage position of the financial service level as a whole in comparison with the mature international financial centers, while Shanghai is demanded to make an improvement in the credibility of financial services and the professional knowledge reserve of service personnel in comparison with other emerging financial centers.

Space Law Center of China National Space Administration Established

On December 23,2017,the Space Law Center of the China National Space Administration(hereafter SLC)was established in Beijing Institute of Technology during the 2017Space Law Seminar.Over 100 leaders and experts from the Ministry of Foreign Affairs,Chinese Academy of Sciences,State Meteorological Administration,State Oceanic Administration,

Business Process Analysis and Simulation: The Contact Center of a Public Health and Social Information Office

This article proposes a framework, called BP-M* which includes: 1) a methodology to analyze, engineer, restructure and implement business processes, and 2) a process model that extends the process diagram with the specification of resources that execute the process activities, allocation policies, schedules, times of activities, management of queues in input to the activities and workloads so that the same model can be simulated by a discrete event simulator. The BP-M* framework has been applied to a real case study, a public Contact Center which provides different typologies of answers to users’ requests. The simulation allows to study different system operating scenarios (“What-If” analysis) providing useful information for analysts to evaluate restructuring actions.

The Growth Path and Future of London International Financial Center

London has grown up quickly to be a global financial center as a Phoenix in the past 100years,recorded history dating back to over 500 years ago.Though the financial services in London were berated to be "greedy"and as part of a giant casino led to the recession,this view was not accurate.London international financial center has become the core of the global financial industry,and played a crucial role in the development of the global economy.This article mainly discusses:the influence of London financial center on the world economy,the support to real economic development,the status of historical stages,and the development trend of the City.

Using Grey Relational Analysis with Entropy to Predict the International Financial Center of China

The establishment of the China Pilot Free Trade Zone(FTZ) has significantly promoted international trade, financial development, and economic growth. Building international financial centers(IFCs) satisfies the demand for FTZs to facilitate financial development, as well as promoting economic growth. Thus, successfully predicting the next IFC in China under the FTZ framework is an important issue. In this study, we applied grey relational analysis combined with entropy method to predict potential IFCs among seven FTZ cities. According to the results, our interesting findings include: 1) the "total stock turnover", "total value of imports and exports", and "Foreign Direct Investment(FDI)" are key indicators for determining future IFCs; 2) among seven cities, Shenzhen and Tianjin are highly likely to become the next IFCs, while Shanghai is already an IFC.

Identities Found in Uniqueness: Two Financial Centers in China

Hong Kong and Shanghai have long been known as two financial centers in China.Both are themain channels of capital flows between China and theworld.Both are situated in the delta regions of China:one being in the vicinity of the Pearl River and the otherin the Yangtse River.Are they twins?Will a replace-

Quality Management of Financial Shared Service Center in the Digitalization Context:A Case Study of HX Financial Shared Services Center

In the digitalization context,a financial shared services center(FSSC)is designed to engage quality management in providing standardized financial shared services and risk control,completing the fundamental financial work,and offering value-added financial services to customers.The means that all these services are delivered has drawn attention from both theoretical and practical communities.Yet few researches has been conducted so far in this regard.Based on the Grounded Theory research method,this paper looks at the related quality management methods and summarizes findings in financial shared services centers,based on the case study of HX Financial Shared Services Center.This paper also analyzes FSSC definition,FSSC quality management,digitalization applied in FSSC quality management,and FSSC e-quality management development in this digitalization context.This paper can serve as references to counterparts engaging in FSSC quality management and to supplement the prevailing theories on FSSC quality management application.

China’s Financial Centers

Chinese mainland currently has two stock exchanges, as well as several com-modity futures exchanges. As investor interest increases, these bourses will contin-

Shanghai, World Financial and Trade Center

With its ideal location and history of international finance and trade, the bustling port of Shanghai continues to offer a good climate for investors from around the world.

上海提升国际金融中心国际化水平的思路和突破口

上海国际金融中心拥有“金融+科创产业”的双重优势特征,金融全要素集聚能力不断增强,具备建设高水平国际金融中心的基础。在新发展格局下,上海加快提升国际金融中心国际化水平的突破口,应以中国式现代化发展理念为指引,推动国际金融中心建设与人民币国际化战略协同发展,充分发挥浦东和临港新片区改革试验田的创新突破作用,强化在沪跨国金融机构总部的金融集聚作用,提高上海与全球其他金融中心的网络连通性。

2021—2023年乡镇卫生院药品行政处罚案件分析与启示

目的:分析2021—2023年以乡镇卫生院为当事人的药品行政处罚案例,并归纳规律和特点,为提高乡镇卫生院药品管理水平提供参考依据。方法:采用回顾性统计分析法对以乡镇卫生院为当事人的药品行政处罚决定书进行汇总,并将其与2019年新修订的《中华人民共和国药品管理法》中的条款进行匹配分析。结果:共筛选出以乡镇卫生院为当事人的完整行政处罚决定书59份,其中劣药案件行政处罚50起(86.74%)。劣药案件中,超过有效期药品的案件为23起(46.00%);其他不符合药品标准的案件为15起(30.00%);从无药品经营资格的企业或个人购进药品案件为6起(12.00%);以非药品冒充药品或者以他种药品冒充此种药品的案件为4起(8.00%)。案件处罚金额幅度中,从轻处罚案件18起(30.51%)、减轻处罚31起(52.53%)、不予处罚7起(11.86%)、一般处罚3起(5.08%)。结论:乡镇卫生院应加强自身法律和管理的“红线”意识,严格遵纪守法,完善药品储存条件,加强药学人员管理,提高药学人员业务水平,做好自身药品管理工作,从而保证药品在使用环节的质量及安全。

金融法视阈下的行政执法和解制度探析

《中华人民共和国金融稳定法(草案)》规定了行政执法当事人承诺制度,正在为金融领域行政执法和解制度的构建提供法律依据。与此同时,虽然行政和解暂未形成理论共识,但金融法视阈下行政执法和解的实践已然先行于理论。针对金融风险处置和证券期货领域中的金融纠纷,行政机关在符合依法行政的要求下通过行使自由裁量权,借助协商民主、公众参与等私法化手段采取的行政执法和解措施,可有效化解纠纷且实现各方获益的经济及社会效果。通过对金融领域行政执法和解措施的实践检视,提出以各方均可获益作为启动行政执法和解制度的前提,通过举证责任的倾斜、“自认”的可适用性与行刑衔接的合规机制相结合,将有助于构建更加符合实践理性的行政执法和解制度。

企业财务共享服务中心运行效率研究

大数据、云计算、人工智能、互联网等多种新技术的迅速发展,使得财务共享服务中心成为越来越多大型企业的选择。企业在投入大量资源,完成财务共享服务中心的建设后,其实施的效率便成为了企业下阶段应当关注的重点。基于此利用DEA-BCC模型,静态分析财务共享服务中心的运行效率,以发现财务共享服务中心运行过程中存在的问题,并依此提出相应的改进建议。

金融生态、经济发展与西部金融中心构建路径

推进西部金融中心建设是成渝地区双城经济圈建设的重要内容。那么,成渝地区金融发展的“家底”如何?与国家战略目标的差距有多大?运用AHP方法构建区域金融生态指标体系,对重庆和成都的金融生态进行评价;并以上海金融生态为标的,分析重庆和成都共建西部金融中心与上海金融中心的差距;运用PVAR模型实证检验金融生态与经济发展的关系。研究发现:重庆、成都和成渝的金融生态主体发展水平远落后于上海,部分金融生态环境均值指标也相对落后;金融中心能够增强金融要素资源集聚功能,优化资本配置,促进金融生态良性循环;良好的金融生态有利于经济发展,经济发展又可以促进金融生态主体发展和金融生态环境改善;构建西部金融中心有助于促进成渝地区金融生态良性循环,打造西部经济高质量发展重要增长极和新的动力源。基于此,从金融生态视角提出重庆和成都共同打造内陆国际金融中心的路径。

中美博弈下的中国香港双重转型

中国香港经历了从西方世界与内地物资交流主要通道向内外资交流合作枢纽的转型,背靠祖国是中国香港成为国际金融中心的最重要因素。美对港政策与其在港利益并不总是一致的,更多服从与服务于其对华战略。美国对华政策从“遏制+接触”战略已经转向“遏制+竞争”战略,对中国香港曾经的“西式民主橱窗”和“经济金融桥梁”的定位也随之转向“遏制中国前线”定位。这种定位转型,意味着中国香港历史的特殊性红利基础动摇,利益固化藩篱所导致的各种结构性社会撕裂将进一步凸显。拥有全球最大实体经济的中国将以更大开放应对美国的选择性对华“脱钩”,这就要求中国香港在全球化秩序的重新洗牌和重构进程中,尽快找准自己的新定位,将联通世界和融入祖国有机结合,积极有效地推动自我转型。

离岸金融中心的系统性金融风险与离岸证券投资——兼论金融监管的作用

离岸金融中心(OFCs)囤积着巨额离岸证券投资但也隐藏着系统性金融风险。文章采用36个OFCs的2006-2020年面板数据,合成并测度了全球OFCs的系统性金融风险,并以此检验了其与OPI的关系和金融监管在其间发挥的作用。研究发现,全球离岸金融系统性风险呈现下降趋势,其中银行市场、货币市场和外汇市场贡献度较高,并且系统性风险抑制了离岸投资者持有OPI。国际社会重压下的离岸金融监管并非力有不逮,而是通过降低金融市场和政府部门风险两条路径降低系统性金融风险,进而吸引了OPI。异质性研究表明,金融监管抑制股权类OPI风险的效果比债务类OPI更为显著,对OPI风险的遏制作用则在金融危机后比危机前更加突出。