The 19th National Congress of the Communist Party of China proposed a strategy for rural revitalization and made a scientific deployment.In this context,how to pursue the development of rural collective economy is of ...The 19th National Congress of the Communist Party of China proposed a strategy for rural revitalization and made a scientific deployment.In this context,how to pursue the development of rural collective economy is of great significance.Analysis on the status of the development of rural collective economy in Shandong Province showed that decentralized small farmers had a wide range of wealth,poor income-generating capacity,and weak income growth.The development models of rural collective economy in Shandong mainly included the follows:property leasing to explore the way to make money on the spot;relying on resources to build advantageous industries;creating a livable living environment led by capable persons;cooperative management to sound agricultural production and management system;and reform of property rights system to develop the collective economy.In addition,it also found that the rural collective economy in Shandong Province had weak economic foundations,uneven development,financing difficulties,debt resolution difficulties,lack of scientific support policies,and limited innovation and development of leadership team.In response to these problems,countermeasures and suggestions were put forward in this article.展开更多
This study explores the Exposure at Default(EAD)emanating from credit events undertaken by listed banking corporations trading on emerging markets,such as Zimbabwe’s Stock Exchange(ZSE)or market in the dollarization ...This study explores the Exposure at Default(EAD)emanating from credit events undertaken by listed banking corporations trading on emerging markets,such as Zimbabwe’s Stock Exchange(ZSE)or market in the dollarization era,namely period 2010-2012.The dollarization of the Zimbabwean economy in 2009 coincided with the recovery of the global financial economy from the worst worldwide economic recession ever experienced in this world.The study used audited and published data drawn from financial statements of two banking corporations for the period 2010 to 2012 that were accessible on ZSE website.These data were presented and analyzed using Eviews7.The study revealed that there were a lot of non-performing loans drawn from EADs of banking corporations trading on the ZSE in the period under review.The study further noted that credit exposures issued by commercial banks in the period 2010-2012 were also exposed to risk from the nature of the borrowers,banks’internal and external market variables.The variables that impacted on banks’credit exposures include political,social,industrial,unemployment,technological challenges,state of financial markets,their capitalization and liquidity statuses.We therefore conclude that banks in emerging markets need to efficiently and effectively manage their credit portfolios in their desire to grow towards sustainable development.The study also concludes that banks in emerging markets that are into lending activities should adopt and implement financial econometric(EAD)models that are easy to apply,practical,pragmatic,and adjusted for market friction.The study recommends that listed banking corporations in emerging markets need to adhere to the requirements of the Basel Ⅱ and Ⅲ Capital Accords if they are to make meaningful business out of their credit exposure operations.It also recommends that banks should come up with capitalization and investment strategies that suit their economic conditions if they are to grow and develop sizeable market shares and wealth from their lending businesses.Finally the study recommends that banks in emerging economies should adapt to international business standards,strategies,ethics,and corporate governance parameters if they are to grow towards greater similarity with those in developed nations in their service delivery to the stakeholders and contribution to nation building and sustainable development.展开更多
基金Open Fund Project of the Key Laboratory of Agri-information Service Technology of the Ministry of Agriculture and Rural Affairs,China(CAAS-AII NYXXJSFW 2019-005)Key Research&Development Project of Shandong Province(2019GNC106128)National Key Research and Development Program of China(2017YFD0301004).
文摘The 19th National Congress of the Communist Party of China proposed a strategy for rural revitalization and made a scientific deployment.In this context,how to pursue the development of rural collective economy is of great significance.Analysis on the status of the development of rural collective economy in Shandong Province showed that decentralized small farmers had a wide range of wealth,poor income-generating capacity,and weak income growth.The development models of rural collective economy in Shandong mainly included the follows:property leasing to explore the way to make money on the spot;relying on resources to build advantageous industries;creating a livable living environment led by capable persons;cooperative management to sound agricultural production and management system;and reform of property rights system to develop the collective economy.In addition,it also found that the rural collective economy in Shandong Province had weak economic foundations,uneven development,financing difficulties,debt resolution difficulties,lack of scientific support policies,and limited innovation and development of leadership team.In response to these problems,countermeasures and suggestions were put forward in this article.
文摘This study explores the Exposure at Default(EAD)emanating from credit events undertaken by listed banking corporations trading on emerging markets,such as Zimbabwe’s Stock Exchange(ZSE)or market in the dollarization era,namely period 2010-2012.The dollarization of the Zimbabwean economy in 2009 coincided with the recovery of the global financial economy from the worst worldwide economic recession ever experienced in this world.The study used audited and published data drawn from financial statements of two banking corporations for the period 2010 to 2012 that were accessible on ZSE website.These data were presented and analyzed using Eviews7.The study revealed that there were a lot of non-performing loans drawn from EADs of banking corporations trading on the ZSE in the period under review.The study further noted that credit exposures issued by commercial banks in the period 2010-2012 were also exposed to risk from the nature of the borrowers,banks’internal and external market variables.The variables that impacted on banks’credit exposures include political,social,industrial,unemployment,technological challenges,state of financial markets,their capitalization and liquidity statuses.We therefore conclude that banks in emerging markets need to efficiently and effectively manage their credit portfolios in their desire to grow towards sustainable development.The study also concludes that banks in emerging markets that are into lending activities should adopt and implement financial econometric(EAD)models that are easy to apply,practical,pragmatic,and adjusted for market friction.The study recommends that listed banking corporations in emerging markets need to adhere to the requirements of the Basel Ⅱ and Ⅲ Capital Accords if they are to make meaningful business out of their credit exposure operations.It also recommends that banks should come up with capitalization and investment strategies that suit their economic conditions if they are to grow and develop sizeable market shares and wealth from their lending businesses.Finally the study recommends that banks in emerging economies should adapt to international business standards,strategies,ethics,and corporate governance parameters if they are to grow towards greater similarity with those in developed nations in their service delivery to the stakeholders and contribution to nation building and sustainable development.
