The report from the 20th National Congress of China emphasizes the importance of focusing on the clean,low-carbon,and efficient use of energy,increasing financial support,and promoting green upgrading within the indus...The report from the 20th National Congress of China emphasizes the importance of focusing on the clean,low-carbon,and efficient use of energy,increasing financial support,and promoting green upgrading within the industrial sector.This paper,based on annual data,employs the entropy weight method to construct a comprehensive index reflecting the impact of green upgrading in industrial sectors.To delve deeper,it utilizes the DEA model to measure energy efficiency and its subdivision BCC model to break down energy efficiency into technical and scale efficiency.The financial support landscape is examined from the vantage points of both direct and indirect financing.Using a multivariate time series model,this paper thoroughly investigates the influence of energy efficiency and financial support on the green upgrading of the industrial sector.The findings reveal a significant positive impact of both energy efficiency and financial support on green upgrading in industrial industries.Notably,scale efficiency emerges as the primary driver of energy efficiency.Moreover,indirect financing proves to be more effective in promoting financial support than direct financing.The empirical results retain their robustness even after substituting explanatory variables.The study concludes by contextualizing the research findings within the current real-world scenario,offering practical insights,and proposing specific recommendations.展开更多
Mixed ownership is an important form of realization of China's economic system reform and development, and it is also the main direction of state-owned enterprise reform. In order to further promote the deepening of ...Mixed ownership is an important form of realization of China's economic system reform and development, and it is also the main direction of state-owned enterprise reform. In order to further promote the deepening of the reform of mixed ownership, this paper randomly selects 200 listed state-owned enterprises as research objects, and studies the trends of the financial performance of these enterprises from the mixed state-owned enterprises and non-mixed-modification enterprises in the five years from 2013 to 2017, and compares their various trends. Financial indicators, a comprehensive evaluation of the problems and causes in the reform of the mixed ownership system, and then propose countermeasures to further deepen the reform of mixed ownership based on the research conclusions.展开更多
Financial support to agriculture is the main driving force to increase farmers' income. This paper applied the evaluation DEA (Data-embrasing Analysis) method to evaluate the effectiveness of financial support to a...Financial support to agriculture is the main driving force to increase farmers' income. This paper applied the evaluation DEA (Data-embrasing Analysis) method to evaluate the effectiveness of financial support to agriculture from 1990 to 2005. It is found that the trend of the financial support to agricultural effectiveness in China presented a downward trend in recent years. The results showed that the overall trend of the financial support to agriculture in China wasn't high, and some corresponding proposals were put forward to optimized.展开更多
Firstly,this paper discussed differences between traditional urbanization and new urbanization. Then,from current situations of financial support for new urbanization,it analyzed existing problems in financial support...Firstly,this paper discussed differences between traditional urbanization and new urbanization. Then,from current situations of financial support for new urbanization,it analyzed existing problems in financial support for new urbanization. The problems include difficulty in infrastructure financing,shortage of funds for small and medium sized enterprises,narrow scope of financial services,and uneven industries of financial support. Finally,it came up with pertinent recommendations,including implementing diversified infrastructure financing modes,solving financing difficulty of small and medium sized enterprises through many channels,strengthening service level and expanding service scope of financial institutions,and changing the situation of uneven industry of financial support,in the hope of providing helpful references.展开更多
The agricultural industry development in China has been very successful, but there exist some problems, such as weak financial support strength. With the help of DEA-Malmquist index method, this paper evaluated the ef...The agricultural industry development in China has been very successful, but there exist some problems, such as weak financial support strength. With the help of DEA-Malmquist index method, this paper evaluated the efficiency of the agricultural industrialization's financial supports, made a deep study of its influencing factors, which have an extremely important influence on the perfect agricultural industrialization's development.展开更多
In the paper,the status quo of the development of farmers' cooperative organizations in Yunnan Province is introduced.And then a series of problems exist in the financial support of farmers' cooperatives in Yu...In the paper,the status quo of the development of farmers' cooperative organizations in Yunnan Province is introduced.And then a series of problems exist in the financial support of farmers' cooperatives in Yunnan is analyzed,covering the unitary mainstay of credit and loan supply;inadequate credit and loan supply caused by famers' lack of security and mortgage;farmers' difficulties in loaning from banks or other financial institutions;single financial service,which can not satisfy the demands of farmers;the private loans are active while lacks right direction and guide;the outflow of capital in rural areas has limited the development of rural economy.In view of the above mentioned problems,countermeasures and relevant suggestions are put forward,namely increasing the subjects of the loan and credit supply and expanding the financing channels.Therefore,the spheres of business of the Agricultural Development Bank of China should be expanded.Besides,the support from Agricultural Bank of China for rural construction should be strengthened and the major role played by rural credit cooperatives in rural finance should be enforced.In addition,the innovation of financial products should be highlighted;the appearance of private financing should be allowed;financial support from the government should be increased and the preferential policies for taxes and fees should be implemented.展开更多
Both the escape from the predicament of traditional financial support in rural areas and the cultivation of new types of agricultural management entities underlie,at a micro level,the improvement of a new-type of agri...Both the escape from the predicament of traditional financial support in rural areas and the cultivation of new types of agricultural management entities underlie,at a micro level,the improvement of a new-type of agricultural management system,and offer an important guarantee for the implementation of a rural revitalization strategy.In reference to the demands of carrying out reform,activating factors,invigorating entities and stimulating markets during the implementation of this rural revitalization strategy,we are applying a financing preference theory that infers and analyzes the excessive preference for new-type agricultural management entities(family farms,specialized farmer cooperatives,specialized large family farms,and modern agricultural enterprises)regarding government subsidies(quasi-equity financing).Our analysis has identified crucial factors in the issue and predicts that government subsidies(quasi-equity financing)will crowd out financial support funding(quasi-debt financing),and we offer empirical proof obtained through statistical modeling.As our results indicate,financing costs,free cash flows,and the perceived income adequacy(PIA)of new-type agricultural management entities all have significant influence upon decision-making for debt financing by such entities.Therefore,with the concrete contents of the formulation of policies concerning the financial support for rural agricultural strategy,one not only needs to consider the further decrease of financing costs,but also should take into account both the designing of cash flow mechanism in the process of paying both principal and interest,and the improvement of bankruptcy rules for agricultural management entities to accelerate the transformation of family farms,specialized farmer cooperatives,and specialized large family farms,towards modern agricultural enterprises.Meanwhile,upgrades to the supply chains of the agriculture industry,improvements to the construction of the rural financial information system,building an accounting system that meets the requirements of the rural revitalization strategy,and giving full play to the policies for financial support,which assume an important role in activating factors and markets during the implementation of the rural revitalization strategy,are also anticipated.展开更多
This study examined the factors associated with financial support in old age from three primary mechanisms-personal savings,family support,and social insurance-to explore the implications for the future development of...This study examined the factors associated with financial support in old age from three primary mechanisms-personal savings,family support,and social insurance-to explore the implications for the future development of China's rural social welfare system.Cross-sectional surveys of 1392 young and middle-aged rural residents were conducted in July and August2012.The results showed that while social insurance was increasingly acceptable,personal savings and family support still had fundamental value.Combining the three mechanisms,the rural old-age welfare system presented nontraditional features.China's new rural endowment insurance is discussed as a means to address the need for financial support among the rural aging population.展开更多
We use the secondary relative benefit model based on DEA to evaluate the performance of agricultural financial expenditure in Guizhou Province, which can give due consideration to the production effectiveness determin...We use the secondary relative benefit model based on DEA to evaluate the performance of agricultural financial expenditure in Guizhou Province, which can give due consideration to the production effectiveness determined by objective natural conditions, and management effectiveness of all regions (as decision-making body) in the use of financial fund for supporting agriculture. In general, there is north-south gradient difference in the performance of financial support for agriculture between regions in Guizhou Province. The drought in 2010 has significant impact on the technical efficiency in the whole province; the performance score of each item in Liupanshui City and Southwest Guizhou is very low; the technical efficiency and management efficiency in most regions need to be improved. In order to improve the performance of financial support for agriculture, we need to ensure the scale of input; at the same time, provide appropriate preferential financial policies for agricultural infrastructure, especially the construction of rural water conservancy, development and promotion of agricultural science and technology, and other fields; adopt the way of special check and acceptance of supporting projects to strengthen the use management of the fund for agriculture.展开更多
Financial time series forecasting could be beneficial for individual as well as institutional investors. But, the high noise and complexity residing in the financial data make this job extremely challenging. Over the ...Financial time series forecasting could be beneficial for individual as well as institutional investors. But, the high noise and complexity residing in the financial data make this job extremely challenging. Over the years, many researchers have used support vector regression (SVR) quite successfully to conquer this challenge. In this paper, an SVR based forecasting model is proposed which first uses the principal component analysis (PCA) to extract the low-dimensional and efficient feature information, and then uses the independent component analysis (ICA) to preprocess the extracted features to nullify the influence of noise in the features. Experiments were carried out based on 16 years’ historical data of three prominent stocks from three different sectors listed in Dhaka Stock Exchange (DSE), Bangladesh. The predictions were made for 1 to 4 days in advance targeting the short term prediction. For comparison, the integration of PCA with SVR (PCA-SVR), ICA with SVR (ICA-SVR) and single SVR approaches were applied to evaluate the prediction accuracy of the proposed approach. Experimental results show that the proposed model (PCA-ICA-SVR) outperforms the PCA-SVR, ICA-SVR and single SVR methods.展开更多
The"three rural"issues have always been an important and prominent issue in China's economy and society.The"No.1 Document"of the central government of China over the years has all stressed this...The"three rural"issues have always been an important and prominent issue in China's economy and society.The"No.1 Document"of the central government of China over the years has all stressed this field.The state has also undertaken various economic policies to increase the income of rural residents,support agricultural development,and improve rural infrastructure construction.Among the various policies,financial support for agriculture is a frequently used macroeconomic policy.Based on the IS-LM model,this paper analyzed the effects of financial policy for supporting agriculture on the IS-LM model,discussed the specific role of the financial policy,in order to provide a certain reference for the government to better use financial policy to support the agriculture.展开更多
The new rural reconstruction in China cannot develop without financial support. At present, the limitations on rural finance supply constitute one of the bottlenecks in the "Three Nongs" (agriculture, countryside a...The new rural reconstruction in China cannot develop without financial support. At present, the limitations on rural finance supply constitute one of the bottlenecks in the "Three Nongs" (agriculture, countryside and farmers) problems. The paper starts from the present situation, analyses the reasons why rural finance has current difficulties and puts forward proposals for policy reform.展开更多
The cpc's 13th Five-Year comprehensive plan put forward a major historic task of building a new socialist countryside. This is the comprehensive implementation of urban and rural development to increase industrial ag...The cpc's 13th Five-Year comprehensive plan put forward a major historic task of building a new socialist countryside. This is the comprehensive implementation of urban and rural development to increase industrial agriculture, move the city to support the countryside, accelerate urbanization and narrow the gap between urban and rural areas. To solve the "three rural issues", the comprehensive construction ofa well-offsociety, has a very important strategic role to ease the contradiction of China's rural and urban ecnomic structure. In the process of building a new socialist countryside, the financial policy, as an important means ofmacroeconomic regulation and control, should play a leading role in solving the effective allocation &funds. Due to various factors affected by the current supply of rural financial market constraints, system defects and environmental constraints, there is a large gap between the level of the existing rural financial services and the requirements of the new rural construction which is to be improved urgently.展开更多
As it is known to all, the new energy industry plays an important in the economic transformation and structure adjustment of our country. The government attaches great importance to the development of the new energy i...As it is known to all, the new energy industry plays an important in the economic transformation and structure adjustment of our country. The government attaches great importance to the development of the new energy industry. Particularly for the developing countries, to achieve rapid development require a lot of capital. However, there are some problems with finance in the development of the new energy industry. Based on the analysis, this paper puts forward some countermeasures.展开更多
The potential demand on financial risk management has being increased considerably by the reason of Basel 11 regulations and instabilities in economy. In recent years, financial institutions and companies have been st...The potential demand on financial risk management has being increased considerably by the reason of Basel 11 regulations and instabilities in economy. In recent years, financial institutions and companies have been struggled for building up intensive financial risk management tools due to Basel II guidance on establishing financial self-assessment systems. In this respect, decision support system has a significant role on effectuating intensive financial risk management roadmap. In this study, a reformative financial risk management system is presented with the combination of determining financial risks with their importance, calculating risk scores and making suggestions based on detected risk scores by applying corrective actions. First, financial risk factors and indicators of these risk variables are selected and weights of these variables are specified by using fuzzy goal programming. After that, total risk scores are calculated and amendatory financial activities are appeared by means of expertons method which also provides possibilities of the alternative decisions. To illustrate the performance of integrated and multistage decision support system, a survey is applied on the end users.展开更多
In recent years, in order to solve the problem of high cost and heavy burden of bridge financing for small and micro enterprises, the regulatory authorities have adopted a series of policies precisely. However, the ou...In recent years, in order to solve the problem of high cost and heavy burden of bridge financing for small and micro enterprises, the regulatory authorities have adopted a series of policies precisely. However, the outstanding problems such as the pressure of re-payment caused by “repayment before loan” still exist.展开更多
Based on the background of the second rural land reform in China Taiwan, we analyzed financial support measures and their effects. It comes to the insight into financial support for rural land circulation in China Tai...Based on the background of the second rural land reform in China Taiwan, we analyzed financial support measures and their effects. It comes to the insight into financial support for rural land circulation in China Taiwan for the new round of rural land reform in China mainland. It is proposed to: (i) put forth effort on rural infrastructure construction with financial special fund as major support and credit fund from policy bank as supplementary support; (ii) improve rural land evaluation, registration and guarantee systems and set up special loan for land circulation, to solve the problem of shortage of fund for farmers purchasing land; (iii) grant operating loans for rural large planting and breeding farmer households, to accelerate land circulation becoming effective; (iv) establish development fund for agriculture, farmers and rural areas, to ensure sustainable input into rural areas.展开更多
The incompatibility of China's economy and finance has to some extent inhibited the development of rural economy. Taking Hubei Province for example,we measure the allocation efficiency of rural financial resources...The incompatibility of China's economy and finance has to some extent inhibited the development of rural economy. Taking Hubei Province for example,we measure the allocation efficiency of rural financial resources from the perspective of agricultural input and output,and use the modern rural financial development theory to set forth some policy recommendations on how to build a new rural financial resource allocation system. Studies have shown that the allocation efficiency of rural financial resources is low in China,and improving the allocation efficiency of rural financial resources is the key to perfecting rural financial environment while increasing financial support for agriculture.展开更多
Currently,there are many problems requiring to be solved urgently in the rural economic development in China,including farmers' difficulties in getting loans,difficulties in agricultural financing of small and med...Currently,there are many problems requiring to be solved urgently in the rural economic development in China,including farmers' difficulties in getting loans,difficulties in agricultural financing of small and medium-sized enterprises,disconnection of funds chain and serious information asymmetry.The roots of these problems are inadequate financial support and single as well as backward service pattern.The development of rural economy and improvement of farmers' life depend in large measure upon rural financial service system.Rural financial business system in western developed countries mainly consists of policy finance,cooperative finance and commercial finance[1].Development of land finance provides powerful fund circulation for rural finance.Western countries have relatively advanced legal systems and policies for rural financial support with land mortgage and land guarantee as the main methods,which can be used as reference,such as construction of rural financial system,innovation of rural financial service as well as supervision and control of rural financial risks.Through introducing relevant features of foreign farmland finance,this article discusses service innovation in the reform of China's rural financial system.展开更多
To financially evaluate an IT projects is to assess its financial feasibility, while the financial benefits are the core parameters of financial evaluation of IT projects. Therefore, correctly identifying the financia...To financially evaluate an IT projects is to assess its financial feasibility, while the financial benefits are the core parameters of financial evaluation of IT projects. Therefore, correctly identifying the financial benefits of IT projects is the precondition to ensure the validity of the financial evaluation. Essentially, IT projects can be divided into productive IT projects and supportive IT projects. The paper analyzes the importance of identifying the financial benefits and introduces the meaning, characteristics and classification of financial benefits of IT projects. On this basis, the paper identifies the financial benefits of both productive IT projects and supportive IT projects and emphasizes the formation and specific calculation method of the two types of IT projects. For productive IT projects and supportive IT projects, the calculation of financial benefits should employ different methods.展开更多
基金General Research Fund of Philosophy and Social Sciences in Colleges and Universities of Jiangsu Province in 2020(Grant No.2020SJA1008)Fundamental Research Funds for the Central Universities(Grant No.2023SK04)。
文摘The report from the 20th National Congress of China emphasizes the importance of focusing on the clean,low-carbon,and efficient use of energy,increasing financial support,and promoting green upgrading within the industrial sector.This paper,based on annual data,employs the entropy weight method to construct a comprehensive index reflecting the impact of green upgrading in industrial sectors.To delve deeper,it utilizes the DEA model to measure energy efficiency and its subdivision BCC model to break down energy efficiency into technical and scale efficiency.The financial support landscape is examined from the vantage points of both direct and indirect financing.Using a multivariate time series model,this paper thoroughly investigates the influence of energy efficiency and financial support on the green upgrading of the industrial sector.The findings reveal a significant positive impact of both energy efficiency and financial support on green upgrading in industrial industries.Notably,scale efficiency emerges as the primary driver of energy efficiency.Moreover,indirect financing proves to be more effective in promoting financial support than direct financing.The empirical results retain their robustness even after substituting explanatory variables.The study concludes by contextualizing the research findings within the current real-world scenario,offering practical insights,and proposing specific recommendations.
文摘Mixed ownership is an important form of realization of China's economic system reform and development, and it is also the main direction of state-owned enterprise reform. In order to further promote the deepening of the reform of mixed ownership, this paper randomly selects 200 listed state-owned enterprises as research objects, and studies the trends of the financial performance of these enterprises from the mixed state-owned enterprises and non-mixed-modification enterprises in the five years from 2013 to 2017, and compares their various trends. Financial indicators, a comprehensive evaluation of the problems and causes in the reform of the mixed ownership system, and then propose countermeasures to further deepen the reform of mixed ownership based on the research conclusions.
文摘Financial support to agriculture is the main driving force to increase farmers' income. This paper applied the evaluation DEA (Data-embrasing Analysis) method to evaluate the effectiveness of financial support to agriculture from 1990 to 2005. It is found that the trend of the financial support to agricultural effectiveness in China presented a downward trend in recent years. The results showed that the overall trend of the financial support to agriculture in China wasn't high, and some corresponding proposals were put forward to optimized.
基金Supported by Special Project of Fujian Provincial Department of Financ(K81MLV05A)
文摘Firstly,this paper discussed differences between traditional urbanization and new urbanization. Then,from current situations of financial support for new urbanization,it analyzed existing problems in financial support for new urbanization. The problems include difficulty in infrastructure financing,shortage of funds for small and medium sized enterprises,narrow scope of financial services,and uneven industries of financial support. Finally,it came up with pertinent recommendations,including implementing diversified infrastructure financing modes,solving financing difficulty of small and medium sized enterprises through many channels,strengthening service level and expanding service scope of financial institutions,and changing the situation of uneven industry of financial support,in the hope of providing helpful references.
基金Supported by the Sociology Scientific Fund of Heilongjiang Province(12C033)
文摘The agricultural industry development in China has been very successful, but there exist some problems, such as weak financial support strength. With the help of DEA-Malmquist index method, this paper evaluated the efficiency of the agricultural industrialization's financial supports, made a deep study of its influencing factors, which have an extremely important influence on the perfect agricultural industrialization's development.
文摘In the paper,the status quo of the development of farmers' cooperative organizations in Yunnan Province is introduced.And then a series of problems exist in the financial support of farmers' cooperatives in Yunnan is analyzed,covering the unitary mainstay of credit and loan supply;inadequate credit and loan supply caused by famers' lack of security and mortgage;farmers' difficulties in loaning from banks or other financial institutions;single financial service,which can not satisfy the demands of farmers;the private loans are active while lacks right direction and guide;the outflow of capital in rural areas has limited the development of rural economy.In view of the above mentioned problems,countermeasures and relevant suggestions are put forward,namely increasing the subjects of the loan and credit supply and expanding the financing channels.Therefore,the spheres of business of the Agricultural Development Bank of China should be expanded.Besides,the support from Agricultural Bank of China for rural construction should be strengthened and the major role played by rural credit cooperatives in rural finance should be enforced.In addition,the innovation of financial products should be highlighted;the appearance of private financing should be allowed;financial support from the government should be increased and the preferential policies for taxes and fees should be implemented.
基金This research is supported by Youth Project of Jiangsu Social Science Fund“Research on the System of Financial Support for the New Types of Agricultural Management Entities in Jiangsu”(16EYC007)Jiangsu province Independent Innovation Project“Comprehensive Solution for Cultivated Land Conservation and Quality Improvements in Major Grain Producing Areas”(CX[17]1001).
文摘Both the escape from the predicament of traditional financial support in rural areas and the cultivation of new types of agricultural management entities underlie,at a micro level,the improvement of a new-type of agricultural management system,and offer an important guarantee for the implementation of a rural revitalization strategy.In reference to the demands of carrying out reform,activating factors,invigorating entities and stimulating markets during the implementation of this rural revitalization strategy,we are applying a financing preference theory that infers and analyzes the excessive preference for new-type agricultural management entities(family farms,specialized farmer cooperatives,specialized large family farms,and modern agricultural enterprises)regarding government subsidies(quasi-equity financing).Our analysis has identified crucial factors in the issue and predicts that government subsidies(quasi-equity financing)will crowd out financial support funding(quasi-debt financing),and we offer empirical proof obtained through statistical modeling.As our results indicate,financing costs,free cash flows,and the perceived income adequacy(PIA)of new-type agricultural management entities all have significant influence upon decision-making for debt financing by such entities.Therefore,with the concrete contents of the formulation of policies concerning the financial support for rural agricultural strategy,one not only needs to consider the further decrease of financing costs,but also should take into account both the designing of cash flow mechanism in the process of paying both principal and interest,and the improvement of bankruptcy rules for agricultural management entities to accelerate the transformation of family farms,specialized farmer cooperatives,and specialized large family farms,towards modern agricultural enterprises.Meanwhile,upgrades to the supply chains of the agriculture industry,improvements to the construction of the rural financial information system,building an accounting system that meets the requirements of the rural revitalization strategy,and giving full play to the policies for financial support,which assume an important role in activating factors and markets during the implementation of the rural revitalization strategy,are also anticipated.
基金supported by some projects from Chinese central universities'basic scientific research[Grant No.SKZD201206]Humanities and Social Sciences Project from Education Ministry[grant number:13YJC630131]Nanjing Agricultural University Social Science Fund[Grant No.SK2012006]
文摘This study examined the factors associated with financial support in old age from three primary mechanisms-personal savings,family support,and social insurance-to explore the implications for the future development of China's rural social welfare system.Cross-sectional surveys of 1392 young and middle-aged rural residents were conducted in July and August2012.The results showed that while social insurance was increasingly acceptable,personal savings and family support still had fundamental value.Combining the three mechanisms,the rural old-age welfare system presented nontraditional features.China's new rural endowment insurance is discussed as a means to address the need for financial support among the rural aging population.
基金Key Chongqing Municipal Humanities and Social Sciences Research Base Project in Southwest University(SWU0810026)the Fundamental Research Funds for the Central Universities(SWU1209457 and SWU0909510)+5 种基金National Soft Science Fund(2007GXS3D094)Youth Fund Project of Southwest Normal University(SWU07106)Chongqing Soft Science Project(CSTC,2009CE9016)2012 Shizhu Base Science and Technology Innovation Special Fund Projects(sz201208)National Social Science Fund Project(12ASH00412AGL008)
文摘We use the secondary relative benefit model based on DEA to evaluate the performance of agricultural financial expenditure in Guizhou Province, which can give due consideration to the production effectiveness determined by objective natural conditions, and management effectiveness of all regions (as decision-making body) in the use of financial fund for supporting agriculture. In general, there is north-south gradient difference in the performance of financial support for agriculture between regions in Guizhou Province. The drought in 2010 has significant impact on the technical efficiency in the whole province; the performance score of each item in Liupanshui City and Southwest Guizhou is very low; the technical efficiency and management efficiency in most regions need to be improved. In order to improve the performance of financial support for agriculture, we need to ensure the scale of input; at the same time, provide appropriate preferential financial policies for agricultural infrastructure, especially the construction of rural water conservancy, development and promotion of agricultural science and technology, and other fields; adopt the way of special check and acceptance of supporting projects to strengthen the use management of the fund for agriculture.
文摘Financial time series forecasting could be beneficial for individual as well as institutional investors. But, the high noise and complexity residing in the financial data make this job extremely challenging. Over the years, many researchers have used support vector regression (SVR) quite successfully to conquer this challenge. In this paper, an SVR based forecasting model is proposed which first uses the principal component analysis (PCA) to extract the low-dimensional and efficient feature information, and then uses the independent component analysis (ICA) to preprocess the extracted features to nullify the influence of noise in the features. Experiments were carried out based on 16 years’ historical data of three prominent stocks from three different sectors listed in Dhaka Stock Exchange (DSE), Bangladesh. The predictions were made for 1 to 4 days in advance targeting the short term prediction. For comparison, the integration of PCA with SVR (PCA-SVR), ICA with SVR (ICA-SVR) and single SVR approaches were applied to evaluate the prediction accuracy of the proposed approach. Experimental results show that the proposed model (PCA-ICA-SVR) outperforms the PCA-SVR, ICA-SVR and single SVR methods.
基金the Key Project"Stochastic Frontier Analysis of the Progress and Efficiency of Jiangsu s Urbanization Level"of Jiangsu Second Normal University(321803).
文摘The"three rural"issues have always been an important and prominent issue in China's economy and society.The"No.1 Document"of the central government of China over the years has all stressed this field.The state has also undertaken various economic policies to increase the income of rural residents,support agricultural development,and improve rural infrastructure construction.Among the various policies,financial support for agriculture is a frequently used macroeconomic policy.Based on the IS-LM model,this paper analyzed the effects of financial policy for supporting agriculture on the IS-LM model,discussed the specific role of the financial policy,in order to provide a certain reference for the government to better use financial policy to support the agriculture.
文摘The new rural reconstruction in China cannot develop without financial support. At present, the limitations on rural finance supply constitute one of the bottlenecks in the "Three Nongs" (agriculture, countryside and farmers) problems. The paper starts from the present situation, analyses the reasons why rural finance has current difficulties and puts forward proposals for policy reform.
文摘The cpc's 13th Five-Year comprehensive plan put forward a major historic task of building a new socialist countryside. This is the comprehensive implementation of urban and rural development to increase industrial agriculture, move the city to support the countryside, accelerate urbanization and narrow the gap between urban and rural areas. To solve the "three rural issues", the comprehensive construction ofa well-offsociety, has a very important strategic role to ease the contradiction of China's rural and urban ecnomic structure. In the process of building a new socialist countryside, the financial policy, as an important means ofmacroeconomic regulation and control, should play a leading role in solving the effective allocation &funds. Due to various factors affected by the current supply of rural financial market constraints, system defects and environmental constraints, there is a large gap between the level of the existing rural financial services and the requirements of the new rural construction which is to be improved urgently.
文摘As it is known to all, the new energy industry plays an important in the economic transformation and structure adjustment of our country. The government attaches great importance to the development of the new energy industry. Particularly for the developing countries, to achieve rapid development require a lot of capital. However, there are some problems with finance in the development of the new energy industry. Based on the analysis, this paper puts forward some countermeasures.
文摘The potential demand on financial risk management has being increased considerably by the reason of Basel 11 regulations and instabilities in economy. In recent years, financial institutions and companies have been struggled for building up intensive financial risk management tools due to Basel II guidance on establishing financial self-assessment systems. In this respect, decision support system has a significant role on effectuating intensive financial risk management roadmap. In this study, a reformative financial risk management system is presented with the combination of determining financial risks with their importance, calculating risk scores and making suggestions based on detected risk scores by applying corrective actions. First, financial risk factors and indicators of these risk variables are selected and weights of these variables are specified by using fuzzy goal programming. After that, total risk scores are calculated and amendatory financial activities are appeared by means of expertons method which also provides possibilities of the alternative decisions. To illustrate the performance of integrated and multistage decision support system, a survey is applied on the end users.
文摘In recent years, in order to solve the problem of high cost and heavy burden of bridge financing for small and micro enterprises, the regulatory authorities have adopted a series of policies precisely. However, the outstanding problems such as the pressure of re-payment caused by “repayment before loan” still exist.
基金Supported by Soft Science Project of Science and Technology Commission of Chongqing Municipality (cstc2011cx-rkxA011)
文摘Based on the background of the second rural land reform in China Taiwan, we analyzed financial support measures and their effects. It comes to the insight into financial support for rural land circulation in China Taiwan for the new round of rural land reform in China mainland. It is proposed to: (i) put forth effort on rural infrastructure construction with financial special fund as major support and credit fund from policy bank as supplementary support; (ii) improve rural land evaluation, registration and guarantee systems and set up special loan for land circulation, to solve the problem of shortage of fund for farmers purchasing land; (iii) grant operating loans for rural large planting and breeding farmer households, to accelerate land circulation becoming effective; (iv) establish development fund for agriculture, farmers and rural areas, to ensure sustainable input into rural areas.
基金Supported by Humanities and Social Sciences Project of the Ministry of Education(10YJC790111)
文摘The incompatibility of China's economy and finance has to some extent inhibited the development of rural economy. Taking Hubei Province for example,we measure the allocation efficiency of rural financial resources from the perspective of agricultural input and output,and use the modern rural financial development theory to set forth some policy recommendations on how to build a new rural financial resource allocation system. Studies have shown that the allocation efficiency of rural financial resources is low in China,and improving the allocation efficiency of rural financial resources is the key to perfecting rural financial environment while increasing financial support for agriculture.
基金Supported by Doctoral Students'Creative Practice Project of "Research on Legal Problems about Capitalization of Rural Land Rights in China" in 2012 Launched by China University of Political Science and Law(2012 BSCX07)
文摘Currently,there are many problems requiring to be solved urgently in the rural economic development in China,including farmers' difficulties in getting loans,difficulties in agricultural financing of small and medium-sized enterprises,disconnection of funds chain and serious information asymmetry.The roots of these problems are inadequate financial support and single as well as backward service pattern.The development of rural economy and improvement of farmers' life depend in large measure upon rural financial service system.Rural financial business system in western developed countries mainly consists of policy finance,cooperative finance and commercial finance[1].Development of land finance provides powerful fund circulation for rural finance.Western countries have relatively advanced legal systems and policies for rural financial support with land mortgage and land guarantee as the main methods,which can be used as reference,such as construction of rural financial system,innovation of rural financial service as well as supervision and control of rural financial risks.Through introducing relevant features of foreign farmland finance,this article discusses service innovation in the reform of China's rural financial system.
文摘To financially evaluate an IT projects is to assess its financial feasibility, while the financial benefits are the core parameters of financial evaluation of IT projects. Therefore, correctly identifying the financial benefits of IT projects is the precondition to ensure the validity of the financial evaluation. Essentially, IT projects can be divided into productive IT projects and supportive IT projects. The paper analyzes the importance of identifying the financial benefits and introduces the meaning, characteristics and classification of financial benefits of IT projects. On this basis, the paper identifies the financial benefits of both productive IT projects and supportive IT projects and emphasizes the formation and specific calculation method of the two types of IT projects. For productive IT projects and supportive IT projects, the calculation of financial benefits should employ different methods.