China is the country with the most earthquakes and the most serious hazards from continental earthquakes in the world. During the 1960s and 1970s, a series of strong earthquakes attacked the cities and counties in Chi...China is the country with the most earthquakes and the most serious hazards from continental earthquakes in the world. During the 1960s and 1970s, a series of strong earthquakes attacked the cities and counties in China causing great damage and many casualties. The most striking one was the Tangshan earthquake ( M S7 8) in July 1976, in which over 240,000 people died and a large industrial city was leveled. Public demand for earthquake forecasting surged after this disaster. From the mid-1960s, systemic research on earthquake forecasting has evolved throughout the country. In this paper the main advances in earthquake prediction research in China have been summarized.展开更多
The emergence of Yu＇E Bao and the like provides Chinese investors with a new and flexible investment option. Such new investment instrument forces up the cost of capital of local banks and also takes away the market ...The emergence of Yu＇E Bao and the like provides Chinese investors with a new and flexible investment option. Such new investment instrument forces up the cost of capital of local banks and also takes away the market share from them. Yu＇E Bao has allocated most investments in inter-bank money market due to the liquidity concerns. This study investigates Yu＇E Bao＇s portfolio allocation and potential risk, and also provides policy implications for regulators. The research findings suggest that regulators should issue more provisions to further regulate the operation of online investment products and keep the liquidity risk under control, i.e. require money market funds to hold more capital in reserve on a gradual basis. By examining the case of Yu＇E Bao, a new online investment product in China, this study sheds light on the recent financial development and reform of China.展开更多
This paper assumes as a focal point the concept that the ＂post-Brexit＂ may represent a change of era for European and global financial service and particularly for capital market sector. The change of era produces n...This paper assumes as a focal point the concept that the ＂post-Brexit＂ may represent a change of era for European and global financial service and particularly for capital market sector. The change of era produces new ＂global systemic interrelation＂ in which financial globalization, governance and regulation will give place to new, largely unknown complexities. In general, the different interests and immediate priorities of euro and non-euro countries, coupled with a need for prompt and, at times, politically sensitive action, have had the result of a greater fragmentation or a differentiated integration in EU governance in the financial sector. On this assumption, we may say that the post-Brexit scenario is in some way preceded by a series of ＂fractures＂ in European governance. The direct effect of the post-Brexit era is that UK regulated financial entities will still need ＂passporting＂ across the EU single market： UK is going to vest the role of third party country, which will require an ＂equivalence regime＂ similar to the ＂substituted compliance＂ used in the same direction by US regulators. At the same time, while an equivalence regime may work in principle to deal cross-border issues at the global level, in the long term, it may be an instrument for a ＂battle of ideas＂ in the new political arena of global financial governance.展开更多
NEWLY APPOINTED SOE SUPERVISORXiao Yaqing was appointed head of the State-owned Assets Supervision and Administration Commission of the State Council(SASAC)on February 1.Before the appointment,he worked as deputy secr...NEWLY APPOINTED SOE SUPERVISORXiao Yaqing was appointed head of the State-owned Assets Supervision and Administration Commission of the State Council(SASAC)on February 1.Before the appointment,he worked as deputy secretary general of the State Council.展开更多
文摘China is the country with the most earthquakes and the most serious hazards from continental earthquakes in the world. During the 1960s and 1970s, a series of strong earthquakes attacked the cities and counties in China causing great damage and many casualties. The most striking one was the Tangshan earthquake ( M S7 8) in July 1976, in which over 240,000 people died and a large industrial city was leveled. Public demand for earthquake forecasting surged after this disaster. From the mid-1960s, systemic research on earthquake forecasting has evolved throughout the country. In this paper the main advances in earthquake prediction research in China have been summarized.
文摘The emergence of Yu＇E Bao and the like provides Chinese investors with a new and flexible investment option. Such new investment instrument forces up the cost of capital of local banks and also takes away the market share from them. Yu＇E Bao has allocated most investments in inter-bank money market due to the liquidity concerns. This study investigates Yu＇E Bao＇s portfolio allocation and potential risk, and also provides policy implications for regulators. The research findings suggest that regulators should issue more provisions to further regulate the operation of online investment products and keep the liquidity risk under control, i.e. require money market funds to hold more capital in reserve on a gradual basis. By examining the case of Yu＇E Bao, a new online investment product in China, this study sheds light on the recent financial development and reform of China.
文摘This paper assumes as a focal point the concept that the ＂post-Brexit＂ may represent a change of era for European and global financial service and particularly for capital market sector. The change of era produces new ＂global systemic interrelation＂ in which financial globalization, governance and regulation will give place to new, largely unknown complexities. In general, the different interests and immediate priorities of euro and non-euro countries, coupled with a need for prompt and, at times, politically sensitive action, have had the result of a greater fragmentation or a differentiated integration in EU governance in the financial sector. On this assumption, we may say that the post-Brexit scenario is in some way preceded by a series of ＂fractures＂ in European governance. The direct effect of the post-Brexit era is that UK regulated financial entities will still need ＂passporting＂ across the EU single market： UK is going to vest the role of third party country, which will require an ＂equivalence regime＂ similar to the ＂substituted compliance＂ used in the same direction by US regulators. At the same time, while an equivalence regime may work in principle to deal cross-border issues at the global level, in the long term, it may be an instrument for a ＂battle of ideas＂ in the new political arena of global financial governance.
文摘NEWLY APPOINTED SOE SUPERVISORXiao Yaqing was appointed head of the State-owned Assets Supervision and Administration Commission of the State Council(SASAC)on February 1.Before the appointment,he worked as deputy secretary general of the State Council.
