Impact of US Financial Sanctions on the Dollar's International Status

In 2022,the United States stepped up its sanctions on Russia.Most notably,it restricted the flow of the Russian Central Bank's foreign exchange(forex)assets,using financial administrative power as a source of strategic leverage.This move should have reduced the appeal of US dollar assets but in reality has not accelerated as expected the decline of the greenback as a store of value.The US dollar's share of global forex reserves increased instead of decreased during 2022 and 2023.Despite the rise of economic costs caused by tightened US financial sanctions,countries that recognize the geopolitical role of the United States have further accepted the dollar's international status;their continued willingness to live with the dollar's“security premium”has given a fillip to the US dollar in the short term,boosting its appeal as a reserve currency.Meanwhile,de-dollarization of forex reserves has yet to reach a sufficient scale,thus falling short of significantly challenging the dollar's reign.From a longer-term perspective,as economic and security conditions shift,countries that accept the dollar's international role or seek de-dollarization may change their choices.As a result,four possible scenarios may arise:(i)the preeminence of the US dollar remains unthreatened;(ii)the international monetary system splits into blocs;(iii)the international monetary system fragments;and(iv)the dollar loses its throne.The author believes that the last scenario is the most likely outcome.

Regulatory Issues and Countermeasures in International Financial Markets

With the deepening of globalization,the development speed of capital markets is constantly accelerating,presenting a trend of globalization.At the same time,the emergence of multiple forms of trading platforms and diversified financial products further highlights the competitive relationship between security exchanges and other trading platforms.While promoting the transformation of security exchange forms in various countries,it also prompts governments to re-examine the financial regulatory system of securities markets.In this situation,it is very important to research the international financial market and financial regulatory system.This article explores the regulatory issues and countermeasures in the international financial market,intending to promote the stability and healthy development of the international financial market.

The faster country in Economic Development must be an International Center of Economy

The purpose of this study was to research the effects of faster pace of economic development and the reason why international economic centers are rapidly changed. The study analyzes the historical facts and materials concerning economic development from ancient times to the present,and analyzes the reason why one country or area becomes an international economic center. Then it concludes that if one nation or area’s economy develops faster than that of other areas or nations, this nation or area must become the international economic center in a certain time.

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

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

Practice and Challenge of International Peer Review: A Case Study of Research Evaluation of CAS Centers for Excellence

Purpose: The main goal of this paper is to show that international peer review can work in China’s context with satisfactory outcomes. Moreover, this paper also provides a reference for the practice of science and technology management.Design/methodology/approach: This paper starts with a discussion of two critical questions about the significance and design of international peer review. A case study of international peer review of CAS Centers for Excellence is further analyzed. Findings: International peer review may provide a solution to address the problem of quantitative oriented research evaluation in China. The case study of research evaluation of CAS Centers for Excellence shows that it is possible and feasible to conduct an international peer review in China’s context. When applying this approach to other scenarios, there are still many issues to consider including individualized design of international peer review combined with practical demands, and further improvement of theories and methods of international peer review. Research limitation: 1) Only the case of international peer review of CAS Centers for Excellence is analyzed;2) A relatively small number of respondents were surveyed in the questionnaire. Practical implications: The work presented in this study can be used as a reference for future studies.Originality/value: Currently, there are no similarly detailed studies exploring the significance and methodology of international peer review in China.

U.S. Financial War on Terrorism vs. International Financial System

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

Impact of International Financial Reporting Standards （IFRS） Adoption on Key Financial Ratios＂ The Case of the Czech Republic

This contribution analyzes the impact of new International Financial Reporting Standards （IFRS） reporting rules on financial ratios prepared in the Czech companies. Using a sample of 16 Czech firms, we attempt to measure the scope and size of the differences in the selected set of financial ratios as calculated with data reported according to the traditional Czech accounting standards （CAS） and under the IFRS provisions. Our study discovers that there are important differences resulting from the two reporting formats. Our research comes to a conclusion that translation of Czech statements to IFRS may cause changes in the values of financial indicators without relationship to the real change in the firms＇ value, performance, and stability. Even though the findings were not statistically significant, the indicative results of our measurements disclosed an important fact that the transition to IFRS could cause deterioration of key indicators and thereby could impact on the overall rating of companies. One needs to be cautious with generalization due to the small sample size.

International Accounting Standards Board （IASB） and Financial Accounting Standards Board （FASB） Convergence Project： Where Are They Now？

The convergence project between the International Accounting Standards Board （IASB） and the Financial Accounting Standards Board （FASB） in the United States （US） was signed on September 18, 2002 in Norwalk, Connecticut in the US. The first is responsible for issuing International Financial Reporting Standards （IFRS） nowadays, which were created 40 years ago. More than one century ago, local regulations are used in the US. The boards differ in years of experience. With the signing of the agreement, both institutions are working to reduce the divergence of accounting. Although they have made a significant progress, it is appropriate to examine whether the difference in approaches to accounting will affect the achieved agreements. It is relevant to investigate whether the years leading the standards adopted in different countries will impact the final result. The date of completion of the project has been postponed and still has not indicated the date of termination. This research is an analysis of the importance of the convergence of accounting standards at a global level. The study presents statistics on the status of the adoption of international standards by country. The study shows a summary of the expressions made by the directors of both boards about the future of the project.

The Differences between Chinese Accounting Standards for Business Enterprises and International Financial Reporting Standards as well as the Convergence Strategy Method

The continuous development and progress of international economic integration has resulted in the increasing of economic and trade exchanges between various countries.In order to implement a more systematic corporate financial supervision mechanism effectively and adapt to the needs of economic development,it is necessary to clarify corporate accounting standards and international financial reporting standards.The relationship between them are crucial to improve the transparency of financial statements and optimize management levels.This paper analyzes the differences between Chinese business accounting standards and international financial reporting standards as well as discusses the convergence process and convergence strategy methods for reference.

The Relevance of International Financial Reporting Standards for Small and Medium-Sized Entities （IFRS for SMEs） in Swaziland

The purpose of this study is to explore the relevance of adopting International Financial Reporting Standards （IFRS） for small and medium-sized entities （SMEs） in Swaziland. The study further seeks to determine if IFRS for SMEs can be the solution to better reporting by local SMEs. There has been a growing need for different reporting standards for small firms and big firms over the years due to the unique challenges and attributes they face especially in the area of financial reporting. This research is based on a statistical analysis of questionnaires completed by accountants from SMEs in Swaziland as well as other stakeholders who have a direct or an indirect interest in the financial statements of SMEs. These stakeholders included audit firms and the financial institutions. The sampling rate of 10% was applied across each industry to come up with a sample of 60 SMEs. Furthermore, a 100% sampling rate on the other stakeholders was applied. These were nine financial institutions and eight audit finns. The findings from the study revealed that SMEs in Swaziland are having challenges with the current reporting framework but to some extent, the framework is suitable. Most SMEs are not aware of IFRS for SMEs, therefore the accounting profession in Swaziland （SIA） has a huge role to play in training auditors and accountants in the country. Overall, IFRS for SMEs is applicable in Swaziland.

2020 CHINA INTERNATIONAL PAPER TECHNOLOGY EXHIBITION ANO CONFERENCE(CIPTE)September 23-25^th,2020 Wuhan International Expo Center

Main Activities:2020 International Paper Technical Conference 2020 China International Paper Innovation and Development Forum.

Research on vertical deformation during construction of Shanghai World Financial Center

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

Lessons from International Financial Crisis

Since the advent of the 1990s, international financial crises broke one after an-other with ever greater frequency. They appear in a variety of forms and canbe traced to highly complicated factors. Yet measures could be taken to nip them inthe bud. In the west, stress has been focused on regulating the behavior of finan-

Financial Street—Landmark of the Beijing Financial Center

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

International Cooperation Projects in Research Center for Eco-Environmental Sciences Chinese Academy of Sciences

1. CERP The Cooperative Ecological Research Programme (CERP) is a joint plan to study the Man and Biosphere (MAB) ecosystem in our country, founded by Germany through UNESCO. The second-stage projects of CERP had been undertaken in 1991, including: (1) Study on the Ecological Strategy for the Urban Development of Tianjin City Exemplifying the large industrial city, it is to study the succession mechanism, cybernetic characteristics, and systems analytic methods of identification, simulation and planning, of the Social-Economic-Natural Com-

Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17:a new paid‑incurred chain approach to risk adjustments

This study considers the risk management of insurance policies in line with the implementation of the new International Financial Reporting Standards 17.It applies the paid-incurred chain method to model the future unpaid losses by combining the information channels of both the incurred claims and paid losses.We propose the recovery of the empirical distribution of the outstanding claims liabilities associated with a group of contracts via moment-based density approximation.We determine the risk measures and adjustments that are compliant with the new standard using the Monte–Carlo simulation method and approximated distributions.The historical data on the aggregate Ontario automobile insurance claims over a 15-year period are analyzed to examine the appropriateness and accuracy of our approach.

Relationship between Shanghai Sand Junk Culture and the Development of Shanghai International Shipping Center

From the three aspects of material culture,institutional culture and spiritual culture,the connotation and development of Shanghai sand junk culture and the position in Shanghai shipping culture were analyzed,and the relationship between Shanghai sand junk culture and the development of Shanghai International Shipping Center was studied according to the construction target and the soft power demand of Shanghai International Shipping Center.

New China International Exhibition Center 2006 Exhibition Schedule

1 2008 China International Garments Fair Duration:March 28-March 31 2 The 8th China International Petroleum and Petrochemical Technology Equip- ment Fair& China International Pipe- line Explosion-Proof Electric Automa- tion Expo 3 Duration:April 7-April 9 2008 China International Auto Fair Duration:April 20-April 28 4 The 22nd China International Sports Products Fair Duration:May 29-June

CSR and societal change in international financial markets of Africa

Corporate social responsibility is the foremost business strategy focus for managers who aim to have long-term success in competitive environment. Different scholars have found it difficult with its definition, explanation, application, and measurement in organizations on who and how it should be done reciprocally. The present study seeks to review societal change with contribution from corporate social responsibility in international financial markets of Africa. The study is qualitative in nature and seeks to analyze the maximum practice of CSR activities and where there is room for improvement in CSR initiatives among African firms. There are three important forms of corporate social responsibility which are aligned to the emerging social needs of community for true fulfillment and addressing the social responsibility at corporate level.

Chengdu International Exhibition and Trade Center

On December 5, 1995, the ChengduInternational Exhibition and TradeCenter (CIETC), situated in thesouthern part of the city, was decorated withcolorful banners. More than 100 cars offamous brands were parked in a broad openspace, welcoming hundreds of foreignbusinessmen from the USA, Europe, Japanand other countries and regions, as well asover 400 Chinese auto makers and thousandsof visitors. It was the largest auto exhibitionin the southwest of China.