As China’s economy has experienced rapid growth,the economic landscape for higher education institutions’financial systems has become increasingly intricate.Consequently,there has been a heightened demand for enhanc...As China’s economy has experienced rapid growth,the economic landscape for higher education institutions’financial systems has become increasingly intricate.Consequently,there has been a heightened demand for enhanced financial management in these institutions.Notably,in 2012,the country’s Ministry of Finance and Ministry of Education introduced a new financial system for higher education institutions,and in 2022,the Ministry of Finance publicly revised this system to further standardize financial practices within higher education institutions,align with financial management requirements,and foster the development of these institutions.This paper offers an extensive examination of the updated financial system for higher education institutions compared to the previous version,delving into aspects such as the financial management framework,professionalization criteria for financial directors,enhancements in managing the proceeds from technology and research achievements,and the incorporation of management accounting reports.Additionally,it provides a comprehensive analysis of the challenges faced by financial management in higher education institutions and outlines strategies for addressing these issues.展开更多
After September 11 events, America has launched a worldwide financial war against terrorism with a series of farreaching measures. It is not only confined to combating international terrorist activities, but will also...After September 11 events, America has launched a worldwide financial war against terrorism with a series of farreaching measures. It is not only confined to combating international terrorist activities, but will also exert great展开更多
The implementation of the rural revitalization strategy can provide a better solution for problems such as the“three rural”development limitations and the imbalance of urban and rural economic development as it is t...The implementation of the rural revitalization strategy can provide a better solution for problems such as the“three rural”development limitations and the imbalance of urban and rural economic development as it is the key to comprehensive building of a well-off society.Based on Linhai City’s finance status,this article analyzes the financial needs of the city for a better economic development under the rural revitalization strategy which prioritizes the policy of building a city financial system.The city’s financial system should be organized in a multi-level stucture for better economic development.This will improve the credit system of villages and towns,strengthen agricultural product innovation financially,and improve the finances of rural residents.展开更多
Since 1979 China has adopted a series of measures to reform its financial system. These measures involved establishing the macro control system of the central bank. setting up policy banks, perfecting the financial or...Since 1979 China has adopted a series of measures to reform its financial system. These measures involved establishing the macro control system of the central bank. setting up policy banks, perfecting the financial organization system, developing commercial banks and the monetary market, and reforming the foreign currency management system. The reforms of the past 15 years have brought great changes to China’s financial system. The old unified banking system was broken and diversified financing institutes emerged. Now a financial system comprising the central bank, specialized banks, commercial banks, insurance companics, trust展开更多
Regulation of technology has been a hot issue in the financial field in recent years.Traditional financial regulation is constructed by a centralized account system,which relies on ex-ante regulation.Embedded supervis...Regulation of technology has been a hot issue in the financial field in recent years.Traditional financial regulation is constructed by a centralized account system,which relies on ex-ante regulation.Embedded supervision,which relies on regulation during and after the matter,operates in a decentralized and trusted environment and has the characteristics of high efficiency,transparency,and safety.It provides a breakthrough to solve the lag of traditional financial supervision.This paper clarifies the concepts and theoretical basis of embedded supervision,constructs the embedded supervision model with a lag,and analyzes the feasibility of embedded supervision with a lag.This research can promote scientific exploration and method innovations in the domestic finance field,enrich China’s financial discipline system,and provide decision-making references for practical financial supervision innovation.展开更多
This paper expounds the necessity of constructing China's rural multiplex financial system as follows.First,overcome the bottleneck effect arising from the shortage of capital in the process of development of rura...This paper expounds the necessity of constructing China's rural multiplex financial system as follows.First,overcome the bottleneck effect arising from the shortage of capital in the process of development of rural small and medium-sized enterprise,and increase farmers' income;second,provide capital support for rural modern industrial development,and promote rural economic development;third,rationally allocate capital,master the money flow and coordinate urban-rural development.The paper also profoundly analyzes the difficulties of constructing China's rural multiplex financial system as follows.First,the existing rural financial system structure is irrational and the function is unsound;second,non-governmental financial market is disorderly and the organization is unsound;third,the rural financial system is simple and the overhaul of rural credit cooperatives system has not yet been done;fourth,the construction of rural system of financial laws and regulations is laggard,and the construction of rural multiplex financial system lacks good social environment.The specific thoughts,measures and countermeasures of constructing mechanism innovation of China's rural multiplex financial system are put forward as follows.First,increasingly perfect legal system and provide legal support for constructing China's rural multiplex financial system;second,quicken the overhaul of rural credit cooperatives system and perfect its function in China's rural multiplex financial system;third,strengthen the degree of support and development,and change the situation of simple structure of rural financial system;fourth,reinforce administrative supervision and perfect public services,and standardize the rural financial market order.展开更多
The Chinese government's"dual carbon"commitment to carbon peaking and carbon neutrality in September 2020 indicates that China will promote green economy transition and achieve high-quality growth in lin...The Chinese government's"dual carbon"commitment to carbon peaking and carbon neutrality in September 2020 indicates that China will promote green economy transition and achieve high-quality growth in line with the New Development Concept.Definitely,both China's economic and financial development will undergo a paradigm shift.This paper reviews the evolution of global finance's role in supporting environmental governance,climate change and sustainable development,and proposes that the time has come to develop zero-carbon finance which should be closely aligned with the""netzero emissions"requirement for achieving the global temperature target of the Paris Agreement.While the current policy frameworks for zero-carbon finance in major Western countries are useful references,they also have limitations.In order to build a Chinese-style zero-carbon financial system,China should integrate the experience of other countries and leverage both institutional advantages and green finance practices of own to the fullest extent possible.This paper goes into further detail about the concept of building a zerocarbon financial macro-management framework and a composite ecology of the zerocarbon financial market,and puts forward policy recommendations.The Chinese-style zero-carbon finance solution will also contribute to global carbon neutrality by enabling China to achieve carbon neutrality as soon as possible and providing countries with China's solutionas reference.展开更多
Financial time series prediction,whether for classification or regression,has been a heated research topic over the last decade.While traditional machine learning algorithms have experienced mediocre results,deep lear...Financial time series prediction,whether for classification or regression,has been a heated research topic over the last decade.While traditional machine learning algorithms have experienced mediocre results,deep learning has largely contributed to the elevation of the prediction performance.Currently,the most up-to-date review of advanced machine learning techniques for financial time series prediction is still lacking,making it challenging for finance domain experts and relevant practitioners to determine which model potentially performs better,what techniques and components are involved,and how themodel can be designed and implemented.This review article provides an overview of techniques,components and frameworks for financial time series prediction,with an emphasis on state-of-the-art deep learning models in the literature from2015 to 2023,including standalonemodels like convolutional neural networks(CNN)that are capable of extracting spatial dependencies within data,and long short-term memory(LSTM)that is designed for handling temporal dependencies;and hybrid models integrating CNN,LSTM,attention mechanism(AM)and other techniques.For illustration and comparison purposes,models proposed in recent studies are mapped to relevant elements of a generalized framework comprised of input,output,feature extraction,prediction,and related processes.Among the state-of-the-artmodels,hybrid models like CNNLSTMand CNN-LSTM-AM in general have been reported superior in performance to stand-alone models like the CNN-only model.Some remaining challenges have been discussed,including non-friendliness for finance domain experts,delayed prediction,domain knowledge negligence,lack of standards,and inability of real-time and highfrequency predictions.The principal contributions of this paper are to provide a one-stop guide for both academia and industry to review,compare and summarize technologies and recent advances in this area,to facilitate smooth and informed implementation,and to highlight future research directions.展开更多
New technologies such as big data,artificial intelligence,mobile internet,cloud computing,Internet of Things,and blockchain have brought about significant changes and development in the financial industry.Predicting t...New technologies such as big data,artificial intelligence,mobile internet,cloud computing,Internet of Things,and blockchain have brought about significant changes and development in the financial industry.Predicting the financial situation of enterprises,reducing the probability of uncertainty risks,and reducing the likelihood of financial crises have become important issues in enterprise financial crisis warning.In view of the issues in enterprise financial early warning systems such as lag,low accuracy,and high warning costs in data analysis,a financial early warning system based on big data and deep learning technology has been established,taking into account the different situations of listed and non-listed companies.This carries significance in improving the accuracy of enterprise financial early warning and promoting timely and effective decision-making.展开更多
There is a broad connection between finance and human rights,with finance having both positive and negative impacts on human rights.Everyone has a need for access to financial services.Documents in both the internatio...There is a broad connection between finance and human rights,with finance having both positive and negative impacts on human rights.Everyone has a need for access to financial services.Documents in both the international human rights and international finance fields address the relationship between financial services and human rights.Among financial services,microcredit and inclusive finance have the closest connection to human rights and potentially the greatest impact on human rights.Access to financial services promotes economic,social,and cultural rights as well as the rights of specific groups.The conditions for access to financial services to promote human rights require the state to assume obligations to recognize,respect,protect,and fulfill the need for individuals to access financial services,and to ensure the availability,accessibility,acceptability,and adaptability of basic financial services.Access to financial services has played a significant role in China’s comprehensive victory in the battle of poverty alleviation,providing valuable experience for the international community in poverty eradication,achieving sustainable development goals,and protecting and promoting human rights.展开更多
With the advancement of globalization and information technology,the financial sharing mode has gradually emerged as a crucial means for enterprises to optimize their financial management.Particularly within the conte...With the advancement of globalization and information technology,the financial sharing mode has gradually emerged as a crucial means for enterprises to optimize their financial management.Particularly within the context of economic globalization,informatization,and digital transformation,enterprises find themselves navigating a rapidly evolving market environment by intensifying competition.To enhance efficiency and competitiveness,many enterprises have embraced the financial sharing model to streamline financial management processes,curtail costs,and bolster the execution of corporate strategies.This article aims to dissect the definition and essence of the financial sharing model and its significance in the realm of enterprise financial management.Drawing upon this analysis and aligning with the needs of enterprise financial management,the article proposes ideas for optimizing management practices,aspiring to foster reform and innovation in enterprise financial management while enhancing its level of financial management and ability to respond to financial risks.This contribution seeks to provide valuable insights for practitioners in the field.展开更多
As the core course of finance and accounting major,the study of financial management knowledge plays a positive role in promoting students’understanding of the whole financial work and enriching financial knowledge.T...As the core course of finance and accounting major,the study of financial management knowledge plays a positive role in promoting students’understanding of the whole financial work and enriching financial knowledge.This paper analyzes the necessity of financial management curriculum reform,from the design ideas,teaching content,teaching mode,and teaching methods of several aspects of vocational college financial management curriculum reform work carried on the preliminary thinking,hoping to improve the teaching quality of this course will be helpful.展开更多
With the in-depth development of economic globalization and the continuous emergence of new technologies,the importance of enterprise financial investment management strategy is becoming more and more prominent.The tr...With the in-depth development of economic globalization and the continuous emergence of new technologies,the importance of enterprise financial investment management strategy is becoming more and more prominent.The traditional financial investment management strategy can no longer meet the needs of enterprises in the new era and needs to be innovated with the times.For enterprises,the effectiveness and scientificity of financial investment management strategy will directly affect the competitiveness and long-term development of enterprises.Therefore,this study chooses the innovation based on the financial investment management strategy of enterprises in the new era as the research theme,aiming at exploring the innovative strategy to adapt to the needs of enterprises in the new era.展开更多
The financial aspects of large-scale engineering construction projects profoundly influence their success.Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s...The financial aspects of large-scale engineering construction projects profoundly influence their success.Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s economic benefits,minimize unnecessary costs,and provide decision-makers with a robust financial foundation.Additionally,implementing an effective cash flow control mechanism and conducting a comprehensive assessment of potential project risks can ensure financial stability and mitigate the risk of fund shortages.Developing a practical and feasible fundraising plan,along with stringent fund management practices,can prevent fund wastage and optimize fund utilization efficiency.These measures not only facilitate smooth project progression and improve project management efficiency but also enhance the project’s economic and social outcomes.展开更多
The smooth operation of the financial system can promote economic growth by absorbing risks,while the risks breaking out in the financial system will drag down economic development through risk spillovers and amplific...The smooth operation of the financial system can promote economic growth by absorbing risks,while the risks breaking out in the financial system will drag down economic development through risk spillovers and amplification.On this basis,this paper uses secondary industry indices to build a risk spillover network between the real economy and the financial system,and discusses the risk absorption and amplification role of the financial system in China’s economy and finance from the perspective of industry.First,on the whole,the source of risks in China’s economic and financial system lies in the real economy.The financial system plays a role of risk absorption in China’s economic and financial system,demonstrating the professional risk management functions of the financial system.The risk absorption of the financial system is positively correlated with the risks in the real economy,and negatively correlated with the risks in the financial system.Second,from the perspective of the correlation between the financial sub-industry and the real economy,the banking sector has the closest relationship with the real economy and the lowest risk absorption capacity.Third,from the perspective of the internal correlation of the financial system,the internal network correlation of the financial system is asymmetric.Diversifi ed financial industry has stronger risk spillover effect on the banking industry and the insurance industry,while the insurance industry has stronger risk spillover effect on the banking industry.These results are essentially related to the functioning of the financial system,the internal relationship of the financial system and the relationship between the financial system and the real economy.展开更多
Cryptocurrency,which is a type of digital currency that uses cryptography for security and anti-counterfeiting measures,has become a hot topic in the financial market.Since cryptocurrency is new,and in the financial s...Cryptocurrency,which is a type of digital currency that uses cryptography for security and anti-counterfeiting measures,has become a hot topic in the financial market.Since cryptocurrency is new,and in the financial sector,new is stimulating.The features of cryptocurrency such as high process speed,strictly digital nature and low transaction costs that are not present in traditional financial systems.Considerably,cryptocurrency will inevitably lead to exciting new business models,financial opportunities,and online business strategies.In this paper we will analysis the characteristics of Libra,and put forward corresponding Libra’s impact on sovereign currency,financial regulation and commercial banks.展开更多
Financial technology(fintech)and digital currency are irreversibly reshaping the global financial system.Through the analysis of the development of fintech and digital currency,and the resulting major influences on th...Financial technology(fintech)and digital currency are irreversibly reshaping the global financial system.Through the analysis of the development of fintech and digital currency,and the resulting major influences on the global financial system,this paper discusses the impact of issuing legal digital currency on a monetary base and money multiplier,and the possible influences on central banks’monetary policies.It shows that the integration of artificial intelligence,big data,cloud computing,the Internet of Things and other information technologies with traditional finance will greatly enhance the efficiency of financial service,and help to identify,quantify and minimize financial risks,and reinforce the financial agglomeration effect of traditional financial centers.At the same time,the development of digital currency entirely based on blockchain technology may weaken the financial agglomeration functions of traditional financial centers.The development of private digital currency based on blockchain is unstoppable,thus the legal digital currency of the People’s Bank of China will play an important role in restructuring the global currency framework.Taking advantage of the internet financial market,China should strengthen its infrastructure in fintech,promote integrated innovation,increase research spending on core technology,and tighten top-level design and regulation,so as to advance a faster development of fintech and digital currency.展开更多
Because its data structure creates a digital transaction ledger,block-chain will build a more transparent and publicly verifiable system that will fundamentally change the way of our transaction activities,asset value...Because its data structure creates a digital transaction ledger,block-chain will build a more transparent and publicly verifiable system that will fundamentally change the way of our transaction activities,asset value,contract performance,and sharing data across industries.Since 2015,"blockchain"has become the hottest topic to the world’s major financial giants.This paper first introduces the principle and characteristics of block-chain technology.The block-chain technology based on encryption algorithms builds a global distributed secure network database that records and updates transaction information through decentralized chain connections and block chronological arrangement.Secondly,it focuses on the technological innovation of block-chain in financial systems.Block-chain technology solves the problems of decentralization,information security,and information disclosure in financial transactions.Thirdly,we put the emphasis on the block-chain technology application prospect in the field of finance.The block-chain technology will be used in digital currency,payment and clearing,smart contracts,as well as financial transactions.At last,we lead a warning that the application of blockchain technology could bring financial risks,which includes a technical problem,resource problem,and competition problem.Our conclusion is that block-chain will change the credit management mode of the traditional financial system.But due to the shortcomings of technical maturity,resources reserve,and the regulation of competition,the application value of block-chain in financial field will face risk.Therefore,monetary authorities should reserve talents and technologies of block-chain,and strengthen the basic research,practical application and standardization research of block-chain.According to the domestic and international situation,the authorities should issue legal digital currency,build internationally competitive Chinese block-chain products,and continuously explore effective regulatory model blockchain to secure a healthy and sustainable development of the chain block industry.展开更多
Iran’s removing subsidy from energy carrier in four years ago leads to spike electricity price dramatically. This abrupt change increases the interest on distributed generation (DG) because of its several benefits su...Iran’s removing subsidy from energy carrier in four years ago leads to spike electricity price dramatically. This abrupt change increases the interest on distributed generation (DG) because of its several benefits such as lower electricity generation price. In Iran among all type of DGs, because of wide natural gas network infrastructure and several incentives that government legislated to support combined cooling, heat and power (CCHP) investors, this type of technology is more prevalent in comparison with other technologies. Between existing CCHP technologies, certain economic choices are to be taken into account. For different buildings with different load curves, suitable size and operation of CCHP should be calculated to make the project more feasible. If CCHP does not well suited for a position, then the whole energy efficiency would be plunged significantly. In this paper, a model to find the optimal size and operation of CCHP and auxiliary boiler for any users is proposed by considering an integrated view of electricity and natural gas network using GAMS software. Then this method is applying for a hospital in Tehran as a real case study. Finally, by applying COMFAR III software, useful financial parameters and sensitivity analysis are calculated.展开更多
文摘As China’s economy has experienced rapid growth,the economic landscape for higher education institutions’financial systems has become increasingly intricate.Consequently,there has been a heightened demand for enhanced financial management in these institutions.Notably,in 2012,the country’s Ministry of Finance and Ministry of Education introduced a new financial system for higher education institutions,and in 2022,the Ministry of Finance publicly revised this system to further standardize financial practices within higher education institutions,align with financial management requirements,and foster the development of these institutions.This paper offers an extensive examination of the updated financial system for higher education institutions compared to the previous version,delving into aspects such as the financial management framework,professionalization criteria for financial directors,enhancements in managing the proceeds from technology and research achievements,and the incorporation of management accounting reports.Additionally,it provides a comprehensive analysis of the challenges faced by financial management in higher education institutions and outlines strategies for addressing these issues.
文摘After September 11 events, America has launched a worldwide financial war against terrorism with a series of farreaching measures. It is not only confined to combating international terrorist activities, but will also exert great
基金This paper is funded by the 2018 Taizhou philosophy and social science planning project“Research on city financial system construction under the background of Rural Revitalization Strategy”(fund code:18GHD09).
文摘The implementation of the rural revitalization strategy can provide a better solution for problems such as the“three rural”development limitations and the imbalance of urban and rural economic development as it is the key to comprehensive building of a well-off society.Based on Linhai City’s finance status,this article analyzes the financial needs of the city for a better economic development under the rural revitalization strategy which prioritizes the policy of building a city financial system.The city’s financial system should be organized in a multi-level stucture for better economic development.This will improve the credit system of villages and towns,strengthen agricultural product innovation financially,and improve the finances of rural residents.
文摘Since 1979 China has adopted a series of measures to reform its financial system. These measures involved establishing the macro control system of the central bank. setting up policy banks, perfecting the financial organization system, developing commercial banks and the monetary market, and reforming the foreign currency management system. The reforms of the past 15 years have brought great changes to China’s financial system. The old unified banking system was broken and diversified financing institutes emerged. Now a financial system comprising the central bank, specialized banks, commercial banks, insurance companics, trust
文摘Regulation of technology has been a hot issue in the financial field in recent years.Traditional financial regulation is constructed by a centralized account system,which relies on ex-ante regulation.Embedded supervision,which relies on regulation during and after the matter,operates in a decentralized and trusted environment and has the characteristics of high efficiency,transparency,and safety.It provides a breakthrough to solve the lag of traditional financial supervision.This paper clarifies the concepts and theoretical basis of embedded supervision,constructs the embedded supervision model with a lag,and analyzes the feasibility of embedded supervision with a lag.This research can promote scientific exploration and method innovations in the domestic finance field,enrich China’s financial discipline system,and provide decision-making references for practical financial supervision innovation.
文摘This paper expounds the necessity of constructing China's rural multiplex financial system as follows.First,overcome the bottleneck effect arising from the shortage of capital in the process of development of rural small and medium-sized enterprise,and increase farmers' income;second,provide capital support for rural modern industrial development,and promote rural economic development;third,rationally allocate capital,master the money flow and coordinate urban-rural development.The paper also profoundly analyzes the difficulties of constructing China's rural multiplex financial system as follows.First,the existing rural financial system structure is irrational and the function is unsound;second,non-governmental financial market is disorderly and the organization is unsound;third,the rural financial system is simple and the overhaul of rural credit cooperatives system has not yet been done;fourth,the construction of rural system of financial laws and regulations is laggard,and the construction of rural multiplex financial system lacks good social environment.The specific thoughts,measures and countermeasures of constructing mechanism innovation of China's rural multiplex financial system are put forward as follows.First,increasingly perfect legal system and provide legal support for constructing China's rural multiplex financial system;second,quicken the overhaul of rural credit cooperatives system and perfect its function in China's rural multiplex financial system;third,strengthen the degree of support and development,and change the situation of simple structure of rural financial system;fourth,reinforce administrative supervision and perfect public services,and standardize the rural financial market order.
基金This study was sponsored by a project of the National Natural Science Foundation of China(NNSFC),"The General Conception of Building China's Zero-Carbon Financial Macro-management Framework with the Double-Carbon Goal"(Grant No.72241403)the project of the National Social Science Fund of China(NSSFC)"The Relationship between Fiscal and Monetary Policies of China in the Situation of the Financial Cycle and Resource Misallocation"(Grant No.19CJL012).
文摘The Chinese government's"dual carbon"commitment to carbon peaking and carbon neutrality in September 2020 indicates that China will promote green economy transition and achieve high-quality growth in line with the New Development Concept.Definitely,both China's economic and financial development will undergo a paradigm shift.This paper reviews the evolution of global finance's role in supporting environmental governance,climate change and sustainable development,and proposes that the time has come to develop zero-carbon finance which should be closely aligned with the""netzero emissions"requirement for achieving the global temperature target of the Paris Agreement.While the current policy frameworks for zero-carbon finance in major Western countries are useful references,they also have limitations.In order to build a Chinese-style zero-carbon financial system,China should integrate the experience of other countries and leverage both institutional advantages and green finance practices of own to the fullest extent possible.This paper goes into further detail about the concept of building a zerocarbon financial macro-management framework and a composite ecology of the zerocarbon financial market,and puts forward policy recommendations.The Chinese-style zero-carbon finance solution will also contribute to global carbon neutrality by enabling China to achieve carbon neutrality as soon as possible and providing countries with China's solutionas reference.
基金funded by the Natural Science Foundation of Fujian Province,China (Grant No.2022J05291)Xiamen Scientific Research Funding for Overseas Chinese Scholars.
文摘Financial time series prediction,whether for classification or regression,has been a heated research topic over the last decade.While traditional machine learning algorithms have experienced mediocre results,deep learning has largely contributed to the elevation of the prediction performance.Currently,the most up-to-date review of advanced machine learning techniques for financial time series prediction is still lacking,making it challenging for finance domain experts and relevant practitioners to determine which model potentially performs better,what techniques and components are involved,and how themodel can be designed and implemented.This review article provides an overview of techniques,components and frameworks for financial time series prediction,with an emphasis on state-of-the-art deep learning models in the literature from2015 to 2023,including standalonemodels like convolutional neural networks(CNN)that are capable of extracting spatial dependencies within data,and long short-term memory(LSTM)that is designed for handling temporal dependencies;and hybrid models integrating CNN,LSTM,attention mechanism(AM)and other techniques.For illustration and comparison purposes,models proposed in recent studies are mapped to relevant elements of a generalized framework comprised of input,output,feature extraction,prediction,and related processes.Among the state-of-the-artmodels,hybrid models like CNNLSTMand CNN-LSTM-AM in general have been reported superior in performance to stand-alone models like the CNN-only model.Some remaining challenges have been discussed,including non-friendliness for finance domain experts,delayed prediction,domain knowledge negligence,lack of standards,and inability of real-time and highfrequency predictions.The principal contributions of this paper are to provide a one-stop guide for both academia and industry to review,compare and summarize technologies and recent advances in this area,to facilitate smooth and informed implementation,and to highlight future research directions.
文摘New technologies such as big data,artificial intelligence,mobile internet,cloud computing,Internet of Things,and blockchain have brought about significant changes and development in the financial industry.Predicting the financial situation of enterprises,reducing the probability of uncertainty risks,and reducing the likelihood of financial crises have become important issues in enterprise financial crisis warning.In view of the issues in enterprise financial early warning systems such as lag,low accuracy,and high warning costs in data analysis,a financial early warning system based on big data and deep learning technology has been established,taking into account the different situations of listed and non-listed companies.This carries significance in improving the accuracy of enterprise financial early warning and promoting timely and effective decision-making.
文摘There is a broad connection between finance and human rights,with finance having both positive and negative impacts on human rights.Everyone has a need for access to financial services.Documents in both the international human rights and international finance fields address the relationship between financial services and human rights.Among financial services,microcredit and inclusive finance have the closest connection to human rights and potentially the greatest impact on human rights.Access to financial services promotes economic,social,and cultural rights as well as the rights of specific groups.The conditions for access to financial services to promote human rights require the state to assume obligations to recognize,respect,protect,and fulfill the need for individuals to access financial services,and to ensure the availability,accessibility,acceptability,and adaptability of basic financial services.Access to financial services has played a significant role in China’s comprehensive victory in the battle of poverty alleviation,providing valuable experience for the international community in poverty eradication,achieving sustainable development goals,and protecting and promoting human rights.
文摘With the advancement of globalization and information technology,the financial sharing mode has gradually emerged as a crucial means for enterprises to optimize their financial management.Particularly within the context of economic globalization,informatization,and digital transformation,enterprises find themselves navigating a rapidly evolving market environment by intensifying competition.To enhance efficiency and competitiveness,many enterprises have embraced the financial sharing model to streamline financial management processes,curtail costs,and bolster the execution of corporate strategies.This article aims to dissect the definition and essence of the financial sharing model and its significance in the realm of enterprise financial management.Drawing upon this analysis and aligning with the needs of enterprise financial management,the article proposes ideas for optimizing management practices,aspiring to foster reform and innovation in enterprise financial management while enhancing its level of financial management and ability to respond to financial risks.This contribution seeks to provide valuable insights for practitioners in the field.
文摘As the core course of finance and accounting major,the study of financial management knowledge plays a positive role in promoting students’understanding of the whole financial work and enriching financial knowledge.This paper analyzes the necessity of financial management curriculum reform,from the design ideas,teaching content,teaching mode,and teaching methods of several aspects of vocational college financial management curriculum reform work carried on the preliminary thinking,hoping to improve the teaching quality of this course will be helpful.
文摘With the in-depth development of economic globalization and the continuous emergence of new technologies,the importance of enterprise financial investment management strategy is becoming more and more prominent.The traditional financial investment management strategy can no longer meet the needs of enterprises in the new era and needs to be innovated with the times.For enterprises,the effectiveness and scientificity of financial investment management strategy will directly affect the competitiveness and long-term development of enterprises.Therefore,this study chooses the innovation based on the financial investment management strategy of enterprises in the new era as the research theme,aiming at exploring the innovative strategy to adapt to the needs of enterprises in the new era.
文摘The financial aspects of large-scale engineering construction projects profoundly influence their success.Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s economic benefits,minimize unnecessary costs,and provide decision-makers with a robust financial foundation.Additionally,implementing an effective cash flow control mechanism and conducting a comprehensive assessment of potential project risks can ensure financial stability and mitigate the risk of fund shortages.Developing a practical and feasible fundraising plan,along with stringent fund management practices,can prevent fund wastage and optimize fund utilization efficiency.These measures not only facilitate smooth project progression and improve project management efficiency but also enhance the project’s economic and social outcomes.
文摘The smooth operation of the financial system can promote economic growth by absorbing risks,while the risks breaking out in the financial system will drag down economic development through risk spillovers and amplification.On this basis,this paper uses secondary industry indices to build a risk spillover network between the real economy and the financial system,and discusses the risk absorption and amplification role of the financial system in China’s economy and finance from the perspective of industry.First,on the whole,the source of risks in China’s economic and financial system lies in the real economy.The financial system plays a role of risk absorption in China’s economic and financial system,demonstrating the professional risk management functions of the financial system.The risk absorption of the financial system is positively correlated with the risks in the real economy,and negatively correlated with the risks in the financial system.Second,from the perspective of the correlation between the financial sub-industry and the real economy,the banking sector has the closest relationship with the real economy and the lowest risk absorption capacity.Third,from the perspective of the internal correlation of the financial system,the internal network correlation of the financial system is asymmetric.Diversifi ed financial industry has stronger risk spillover effect on the banking industry and the insurance industry,while the insurance industry has stronger risk spillover effect on the banking industry.These results are essentially related to the functioning of the financial system,the internal relationship of the financial system and the relationship between the financial system and the real economy.
文摘Cryptocurrency,which is a type of digital currency that uses cryptography for security and anti-counterfeiting measures,has become a hot topic in the financial market.Since cryptocurrency is new,and in the financial sector,new is stimulating.The features of cryptocurrency such as high process speed,strictly digital nature and low transaction costs that are not present in traditional financial systems.Considerably,cryptocurrency will inevitably lead to exciting new business models,financial opportunities,and online business strategies.In this paper we will analysis the characteristics of Libra,and put forward corresponding Libra’s impact on sovereign currency,financial regulation and commercial banks.
基金This paper is funded by the National Social Science Foundation of China“Research on China’s Financial Opening Strategy in the New Era:The Goal and Path of Forming a New Pattern of Comprehensive Opening Up”(No.18ZDA090).
文摘Financial technology(fintech)and digital currency are irreversibly reshaping the global financial system.Through the analysis of the development of fintech and digital currency,and the resulting major influences on the global financial system,this paper discusses the impact of issuing legal digital currency on a monetary base and money multiplier,and the possible influences on central banks’monetary policies.It shows that the integration of artificial intelligence,big data,cloud computing,the Internet of Things and other information technologies with traditional finance will greatly enhance the efficiency of financial service,and help to identify,quantify and minimize financial risks,and reinforce the financial agglomeration effect of traditional financial centers.At the same time,the development of digital currency entirely based on blockchain technology may weaken the financial agglomeration functions of traditional financial centers.The development of private digital currency based on blockchain is unstoppable,thus the legal digital currency of the People’s Bank of China will play an important role in restructuring the global currency framework.Taking advantage of the internet financial market,China should strengthen its infrastructure in fintech,promote integrated innovation,increase research spending on core technology,and tighten top-level design and regulation,so as to advance a faster development of fintech and digital currency.
文摘Because its data structure creates a digital transaction ledger,block-chain will build a more transparent and publicly verifiable system that will fundamentally change the way of our transaction activities,asset value,contract performance,and sharing data across industries.Since 2015,"blockchain"has become the hottest topic to the world’s major financial giants.This paper first introduces the principle and characteristics of block-chain technology.The block-chain technology based on encryption algorithms builds a global distributed secure network database that records and updates transaction information through decentralized chain connections and block chronological arrangement.Secondly,it focuses on the technological innovation of block-chain in financial systems.Block-chain technology solves the problems of decentralization,information security,and information disclosure in financial transactions.Thirdly,we put the emphasis on the block-chain technology application prospect in the field of finance.The block-chain technology will be used in digital currency,payment and clearing,smart contracts,as well as financial transactions.At last,we lead a warning that the application of blockchain technology could bring financial risks,which includes a technical problem,resource problem,and competition problem.Our conclusion is that block-chain will change the credit management mode of the traditional financial system.But due to the shortcomings of technical maturity,resources reserve,and the regulation of competition,the application value of block-chain in financial field will face risk.Therefore,monetary authorities should reserve talents and technologies of block-chain,and strengthen the basic research,practical application and standardization research of block-chain.According to the domestic and international situation,the authorities should issue legal digital currency,build internationally competitive Chinese block-chain products,and continuously explore effective regulatory model blockchain to secure a healthy and sustainable development of the chain block industry.
文摘Iran’s removing subsidy from energy carrier in four years ago leads to spike electricity price dramatically. This abrupt change increases the interest on distributed generation (DG) because of its several benefits such as lower electricity generation price. In Iran among all type of DGs, because of wide natural gas network infrastructure and several incentives that government legislated to support combined cooling, heat and power (CCHP) investors, this type of technology is more prevalent in comparison with other technologies. Between existing CCHP technologies, certain economic choices are to be taken into account. For different buildings with different load curves, suitable size and operation of CCHP should be calculated to make the project more feasible. If CCHP does not well suited for a position, then the whole energy efficiency would be plunged significantly. In this paper, a model to find the optimal size and operation of CCHP and auxiliary boiler for any users is proposed by considering an integrated view of electricity and natural gas network using GAMS software. Then this method is applying for a hospital in Tehran as a real case study. Finally, by applying COMFAR III software, useful financial parameters and sensitivity analysis are calculated.