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
The services and solutions offered by cloud computing continue to grow, just as the number of organizations relying on the service. Cloud computing has become prevalent in the financial services industry, where 83% of...The services and solutions offered by cloud computing continue to grow, just as the number of organizations relying on the service. Cloud computing has become prevalent in the financial services industry, where 83% of financial services institutions identified cloud computing as a primary element of their infrastructure. Although there are specific benefits of cloud computing that organizations rely on such as access to critical services and lower costs, there is the possibility that cloud computing will create costs for organizations. The purpose of the study was to present an intensive review of the benefits and threats by investigating resilience and stability of the organizations in financial services industry that use cloud computing as their primary element of infrastructure. Data collected from the interview was used to answer original research questions, which are: How are organizations in the financial services industry resilient when faced with threats or losses associated with the use of cloud computing in their organization? How do organizations in the financial services industry maintain stability when faced with threats or losses associated with the use of cloud computing in their organization? The study supports the advancement of knowledge by identifying the threats and losses that occur due to the use of cloud computing, and organizations understand common threats and thus implement proper mitigation.展开更多
Participants in the Uruguay Hound have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement&q...Participants in the Uruguay Hound have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement") on the basis of an alternative approach to that covered by the provisions of Part Ⅲ of the Agreement. It was agreed that this approach could be applied subject to the following understanding: (i) it does not conflict with the provisions of the Agreement; (ii) it does not prejudice the right of ...展开更多
Taking Chinese A-share listed corporations as sample,this paper studies whether the implementation of financial shared service center,an IT-based financial management practice,can significantly improve the business pe...Taking Chinese A-share listed corporations as sample,this paper studies whether the implementation of financial shared service center,an IT-based financial management practice,can significantly improve the business performance.We conduct Wilcoxon rank sum test and OLS regression model.The results show that there is a significant difference in business performance between the corporations without financial shared service center and the matching samples which have implemented financial shared service.In addition,the positive effect of financial shared services on business performance has a time-lag.As the corporations become adept on financial shared services,their business performance such as profitability,operating ability and growth could be improved steadily.Our study provides suggestions on whether corporations’might upgrade their financial system and how to evaluate the implementation results.展开更多
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 bee...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.展开更多
The impactof water sales price on the performance of water service providers is typically something of a mystery. High prices mean more revenue and profit;but it may lead to less bills collection and encourage the ill...The impactof water sales price on the performance of water service providers is typically something of a mystery. High prices mean more revenue and profit;but it may lead to less bills collection and encourage the illegal connections. Yet, this argument has not been fully addressed in the Palestinian water sector;this research evaluates the effect of average water prices on the financial sustainability key indicators as collection efficiency, profit or loss percentage, non-revenue water, staff productivity, daily consumption, operating, and maintenance cost. The average price of cubic meter sold is segmented into low, medium, and high categories. Multivariate analysis shows that there are significant differences in profit or working ratio, daily consumption, and operating cost based on the different price categories. Further significant differences have been found in non-revenue water, collection efficiency, and water production based on low and high price categories. On the other hand, no significant difference has been found in staff productivity. The results show high price set by Palestinian water providers, leads to an increase in the bill collection rate and profit margin. However, negative relationship has been found between the price on one hand, and non-revenue water, average daily consumption, and water production on the other hand. The implication of these findings reveal that the Palestinian water providers should increase water prices gradually to cover operating and maintenance cost for better financial performance and sustainability.展开更多
After the breakout of COVID-19,many entity industries have to shut down.The rapid decline of money transaction caused by the shutdown of the entity industries has shocked the financial service industry while the incre...After the breakout of COVID-19,many entity industries have to shut down.The rapid decline of money transaction caused by the shutdown of the entity industries has shocked the financial service industry while the increase in digital transactions also offers them opportunities.Facing both challenges and opportunities,financial services firms should change their target and compensation policy during the pandemic to survive.After analysing three major firms in this industry by using SOAR method,we conclude four keys for financial services firms to survive in COVID-19.展开更多
Financial transformation has become a trend,and under the influence of medical reform policies,such as the zero-price difference in pharmaceutical consumables and medical insurance payment by disease,the cost pressure...Financial transformation has become a trend,and under the influence of medical reform policies,such as the zero-price difference in pharmaceutical consumables and medical insurance payment by disease,the cost pressure on the medical industry is exceptionally high.The primary focus of this paper is on how to integrate resources and obtain cost advantages through financial shared service center,so as to increase the competitiveness of regional medical groups.展开更多
With the objective of building a well-off society in an all-round way reaching the decisive stage,poverty alleviation enters the final stage,and rural financial poverty alleviation is increasingly becoming a hot topic...With the objective of building a well-off society in an all-round way reaching the decisive stage,poverty alleviation enters the final stage,and rural financial poverty alleviation is increasingly becoming a hot topic of various circles of society. In order to accelerate the poverty alleviation and provide references and recommendations for further development of theory and practice of financial poverty alleviation,this paper made an overview of the organization system,operation mechanism and service products of rural financial poverty alleviation,elaborated the development path of financial poverty alleviation,and came up with recommendations for financial poverty alleviation.展开更多
In the implementation of the rural revitalization strategy,the banking and financial institutions in Jingzhou City,Hubei Province,under the guidance of the Jingzhou Branch of the People's Bank of China,strive to i...In the implementation of the rural revitalization strategy,the banking and financial institutions in Jingzhou City,Hubei Province,under the guidance of the Jingzhou Branch of the People's Bank of China,strive to improve and develop the financial service system adapted to the characteristics of the countryside in the new period.It has innovated financial service products,improved the quality and efficiency of financial services,increased financial support,and achieved remarkable results.On the basis of the investigation,combined with the relevant written materials and statistical data collected,this paper makes an empirical study on the reality of the city's banking and financial institutions serving the revitalization of rural areas.展开更多
Fintech provides alternative solutions and business models that could render traditional banking processes obsolete. This paper assesses the opportunity that could be taken to West Africa by using Fintech’s financial...Fintech provides alternative solutions and business models that could render traditional banking processes obsolete. This paper assesses the opportunity that could be taken to West Africa by using Fintech’s financial system. It describes the current West African financial sector, the way of digitization settlement, and lastly, the financial market segments of Fintech. Financial sector creates a massive amount of data exploiting by Fintech companies that are using to segment customer populations, identify opportunities for new products and services and optimize pricing. In this segment, products may use data and analytics to computerize the decision- making processes. Innovative start-ups, retailers, established banks, card companies and other payment services providers are the Payment systems that underpin the services that enable funds to be transferred between people and institutions. For the financial system (banking), Fintech offers sustainable and realistic opportunities by enhancing the value proposition and driving sales, reducing operating costs, making easy access to loans, and lowering interest rates. After showing the advantages of using Fintech services, the findings are that Fintech could improve both financial services and access to services in the West African economy.展开更多
At the background of structural regulation of agriculture and industrialized development of rural areas,systematic thought and constructive recommendations are put forward on building innovative rural sci-tech service...At the background of structural regulation of agriculture and industrialized development of rural areas,systematic thought and constructive recommendations are put forward on building innovative rural sci-tech service system in China from following 5 aspects. (1) In organizational system,rural sci-tech service associations should become nonprofit organizations that have independent legal entities. (2) In service object,it should take farmers as subject,new rural economic organizations as carrier,agricultural leading enterprises as handle,little village officials as joint,sci-tech special commissioner as link,and agricultural brokers as medium. (3) In information resources,it should enhance practicality construction and sharing. (4) In service methods and reform measures,it should combine information technology,expert technical consulting service,and sci-tech model base. (5) In policy support and input mechanism,it should follow the principle of diversification,set up government special funds,and formulate preferential policies to attract sci-tech talents to join in rural sci-tech services,and protect legal rights and interests of sci-tech personnel in rural sci-tech services.展开更多
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The services and solutions offered by cloud computing continue to grow, just as the number of organizations relying on the service. Cloud computing has become prevalent in the financial services industry, where 83% of financial services institutions identified cloud computing as a primary element of their infrastructure. Although there are specific benefits of cloud computing that organizations rely on such as access to critical services and lower costs, there is the possibility that cloud computing will create costs for organizations. The purpose of the study was to present an intensive review of the benefits and threats by investigating resilience and stability of the organizations in financial services industry that use cloud computing as their primary element of infrastructure. Data collected from the interview was used to answer original research questions, which are: How are organizations in the financial services industry resilient when faced with threats or losses associated with the use of cloud computing in their organization? How do organizations in the financial services industry maintain stability when faced with threats or losses associated with the use of cloud computing in their organization? The study supports the advancement of knowledge by identifying the threats and losses that occur due to the use of cloud computing, and organizations understand common threats and thus implement proper mitigation.
文摘Participants in the Uruguay Hound have been enabled to take on specific commitments with respect to financial services under the General Agreement on Trade in Services (hereinafter referred to as the "Agreement") on the basis of an alternative approach to that covered by the provisions of Part Ⅲ of the Agreement. It was agreed that this approach could be applied subject to the following understanding: (i) it does not conflict with the provisions of the Agreement; (ii) it does not prejudice the right of ...
基金supported by University-Industry Collaborative Education Program by the Ministry of Education of China under Grant No.202002314026.
文摘Taking Chinese A-share listed corporations as sample,this paper studies whether the implementation of financial shared service center,an IT-based financial management practice,can significantly improve the business performance.We conduct Wilcoxon rank sum test and OLS regression model.The results show that there is a significant difference in business performance between the corporations without financial shared service center and the matching samples which have implemented financial shared service.In addition,the positive effect of financial shared services on business performance has a time-lag.As the corporations become adept on financial shared services,their business performance such as profitability,operating ability and growth could be improved steadily.Our study provides suggestions on whether corporations’might upgrade their financial system and how to evaluate the implementation results.
基金Under the auspices of the National Natural Science Foundation of China(No.41201107)the Fundamental Research Funds for the Central Universities(No.2015KJJCB30)
文摘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.
文摘The impactof water sales price on the performance of water service providers is typically something of a mystery. High prices mean more revenue and profit;but it may lead to less bills collection and encourage the illegal connections. Yet, this argument has not been fully addressed in the Palestinian water sector;this research evaluates the effect of average water prices on the financial sustainability key indicators as collection efficiency, profit or loss percentage, non-revenue water, staff productivity, daily consumption, operating, and maintenance cost. The average price of cubic meter sold is segmented into low, medium, and high categories. Multivariate analysis shows that there are significant differences in profit or working ratio, daily consumption, and operating cost based on the different price categories. Further significant differences have been found in non-revenue water, collection efficiency, and water production based on low and high price categories. On the other hand, no significant difference has been found in staff productivity. The results show high price set by Palestinian water providers, leads to an increase in the bill collection rate and profit margin. However, negative relationship has been found between the price on one hand, and non-revenue water, average daily consumption, and water production on the other hand. The implication of these findings reveal that the Palestinian water providers should increase water prices gradually to cover operating and maintenance cost for better financial performance and sustainability.
文摘After the breakout of COVID-19,many entity industries have to shut down.The rapid decline of money transaction caused by the shutdown of the entity industries has shocked the financial service industry while the increase in digital transactions also offers them opportunities.Facing both challenges and opportunities,financial services firms should change their target and compensation policy during the pandemic to survive.After analysing three major firms in this industry by using SOAR method,we conclude four keys for financial services firms to survive in COVID-19.
文摘Financial transformation has become a trend,and under the influence of medical reform policies,such as the zero-price difference in pharmaceutical consumables and medical insurance payment by disease,the cost pressure on the medical industry is exceptionally high.The primary focus of this paper is on how to integrate resources and obtain cost advantages through financial shared service center,so as to increase the competitiveness of regional medical groups.
基金Supported by Bidding Project for Social Science Foundation of Hebei Agricultural University in 2017(ZB201702)Key Project of Humanities and Social Science Foundation of Hebei Provincial Department of Education(ZD201713)Social Science Foundation Project of Hebei Agricultural University(SK201604)
文摘With the objective of building a well-off society in an all-round way reaching the decisive stage,poverty alleviation enters the final stage,and rural financial poverty alleviation is increasingly becoming a hot topic of various circles of society. In order to accelerate the poverty alleviation and provide references and recommendations for further development of theory and practice of financial poverty alleviation,this paper made an overview of the organization system,operation mechanism and service products of rural financial poverty alleviation,elaborated the development path of financial poverty alleviation,and came up with recommendations for financial poverty alleviation.
文摘In the implementation of the rural revitalization strategy,the banking and financial institutions in Jingzhou City,Hubei Province,under the guidance of the Jingzhou Branch of the People's Bank of China,strive to improve and develop the financial service system adapted to the characteristics of the countryside in the new period.It has innovated financial service products,improved the quality and efficiency of financial services,increased financial support,and achieved remarkable results.On the basis of the investigation,combined with the relevant written materials and statistical data collected,this paper makes an empirical study on the reality of the city's banking and financial institutions serving the revitalization of rural areas.
文摘Fintech provides alternative solutions and business models that could render traditional banking processes obsolete. This paper assesses the opportunity that could be taken to West Africa by using Fintech’s financial system. It describes the current West African financial sector, the way of digitization settlement, and lastly, the financial market segments of Fintech. Financial sector creates a massive amount of data exploiting by Fintech companies that are using to segment customer populations, identify opportunities for new products and services and optimize pricing. In this segment, products may use data and analytics to computerize the decision- making processes. Innovative start-ups, retailers, established banks, card companies and other payment services providers are the Payment systems that underpin the services that enable funds to be transferred between people and institutions. For the financial system (banking), Fintech offers sustainable and realistic opportunities by enhancing the value proposition and driving sales, reducing operating costs, making easy access to loans, and lowering interest rates. After showing the advantages of using Fintech services, the findings are that Fintech could improve both financial services and access to services in the West African economy.
文摘At the background of structural regulation of agriculture and industrialized development of rural areas,systematic thought and constructive recommendations are put forward on building innovative rural sci-tech service system in China from following 5 aspects. (1) In organizational system,rural sci-tech service associations should become nonprofit organizations that have independent legal entities. (2) In service object,it should take farmers as subject,new rural economic organizations as carrier,agricultural leading enterprises as handle,little village officials as joint,sci-tech special commissioner as link,and agricultural brokers as medium. (3) In information resources,it should enhance practicality construction and sharing. (4) In service methods and reform measures,it should combine information technology,expert technical consulting service,and sci-tech model base. (5) In policy support and input mechanism,it should follow the principle of diversification,set up government special funds,and formulate preferential policies to attract sci-tech talents to join in rural sci-tech services,and protect legal rights and interests of sci-tech personnel in rural sci-tech services.
