A banner bank off the north coast of the Chengshan Headland, Shandong Peninsula, has been described on the basis of echo sounder bathymetry, side-scan sonar and high-resolution seismic data sets. The bank is in NWW di...A banner bank off the north coast of the Chengshan Headland, Shandong Peninsula, has been described on the basis of echo sounder bathymetry, side-scan sonar and high-resolution seismic data sets. The bank is in NWW direction, approximately parallel to the coastline. The bank consists of sandy silt or clayed silt. Sand waves and megaripples are observed on the north side, which result from strong tidal currents around the headland and storm waves in winter. These bed forms indicate that the bank is influenced by the modern hydrodynamics. The bank is separated from the coast and Holocene subaqueous clinoform around the Shandong Peninsula in its east part. High-resolution seismic profiles reveal that the bank was formed during two periods： the earlier seismic unit Ua, and later seismic units Ub and Uc which overlays Ua with erosional surfaces on its south side and north side, respectively. As comparing with the clinoform, the bank has a different internal architecture. In the west of the bank, however, topography and surface sediment characteristics suggest that the bank links to the clinoform. The authors propose that seismic Ua is a residual part of early clinoform deposit. After the sediments in the north and south of Ua were eroded by strong currents, the Ub and Uc started to deposit probably by a complex hydrodynamic process. These results provide new insights into the evolution of the bank and its relation with the Holocene subqueous clinoform.展开更多
During the financial crisis, the delayed recognition of credit losses on loans and other financial instruments was identified as a weakness in existing incurred loss model of impairment stated by International Account...During the financial crisis, the delayed recognition of credit losses on loans and other financial instruments was identified as a weakness in existing incurred loss model of impairment stated by International Accounting Standards （IAS） 39, because it is believed that this delay might generate pro-cyclical effects. In response to the recommendations of G20, Financial Crisis Advisory Group （FCAG）, and other international bodies, the International Accounting Standards Board （IASB） has undertaken, since 2009, as a part of the project to replace IAS 39, a project （partially shared with Financial Accounting Standards Board （FASB）） aimed at introducing an expected loss model of impairment. Within the scope of this subset project, the IASB has previously issued two exposure documents proposing models to account for expected credit losses： an exposure draft （ED） Financial Instrument： Amortized Cost and Impairment, published in November 2009, and a supplementary document （SD） Financial Instrument： Impairment, published jointly with the FASB in January 2011. However, neither of the two proposals received strong support from interested parties. Recently, the IASB, after the FASB＇s decision to withdraw from the joint project and to develop a separate expected credit loss model based on a single measurement approach consisting in the sole recognition of lifetime expected credit losses, published a third proposal--Ahe so-called expected credit losses model （ED/2013/3 Financial Instruments： Expected Credit Losses）.展开更多
Following the accession to the WTO of China,bank card industry faces new competition pressure and challenges. At present, the most outstanding problem we face is, how to narrow the gap of development between the inter...Following the accession to the WTO of China,bank card industry faces new competition pressure and challenges. At present, the most outstanding problem we face is, how to narrow the gap of development between the international bank card industry and that of China and keep up with fast-developing paces of international bank card as soon as possible. Objectively speaking, bank card industry of our country is still at the initial stage.展开更多
The growth of international banks in China occurred after the ＂open-door＂ policy implemented. With the China accession to WTO, the effect of international banks to our economy and politics become more important. If ...The growth of international banks in China occurred after the ＂open-door＂ policy implemented. With the China accession to WTO, the effect of international banks to our economy and politics become more important. If international banks want to succeed in China over the next ten years so that the market as a whole develops and matures, they need the Chinese banks to be successful in their restructuring program. There is truly a win-win outcome here if all segments of the banking community recognize the benefit of improving the competitiveness of the Chinese banking industry as a whole. This article analyzes the pattern and strategy of expansion of international banks in China, for the purpose of showing some enlightenment to domestic banks.展开更多
The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the ...The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.展开更多
基金China Geological Survey under contract No 200311000005"973" Project under contract No 2005CB422304
文摘A banner bank off the north coast of the Chengshan Headland, Shandong Peninsula, has been described on the basis of echo sounder bathymetry, side-scan sonar and high-resolution seismic data sets. The bank is in NWW direction, approximately parallel to the coastline. The bank consists of sandy silt or clayed silt. Sand waves and megaripples are observed on the north side, which result from strong tidal currents around the headland and storm waves in winter. These bed forms indicate that the bank is influenced by the modern hydrodynamics. The bank is separated from the coast and Holocene subaqueous clinoform around the Shandong Peninsula in its east part. High-resolution seismic profiles reveal that the bank was formed during two periods： the earlier seismic unit Ua, and later seismic units Ub and Uc which overlays Ua with erosional surfaces on its south side and north side, respectively. As comparing with the clinoform, the bank has a different internal architecture. In the west of the bank, however, topography and surface sediment characteristics suggest that the bank links to the clinoform. The authors propose that seismic Ua is a residual part of early clinoform deposit. After the sediments in the north and south of Ua were eroded by strong currents, the Ub and Uc started to deposit probably by a complex hydrodynamic process. These results provide new insights into the evolution of the bank and its relation with the Holocene subqueous clinoform.
文摘During the financial crisis, the delayed recognition of credit losses on loans and other financial instruments was identified as a weakness in existing incurred loss model of impairment stated by International Accounting Standards （IAS） 39, because it is believed that this delay might generate pro-cyclical effects. In response to the recommendations of G20, Financial Crisis Advisory Group （FCAG）, and other international bodies, the International Accounting Standards Board （IASB） has undertaken, since 2009, as a part of the project to replace IAS 39, a project （partially shared with Financial Accounting Standards Board （FASB）） aimed at introducing an expected loss model of impairment. Within the scope of this subset project, the IASB has previously issued two exposure documents proposing models to account for expected credit losses： an exposure draft （ED） Financial Instrument： Amortized Cost and Impairment, published in November 2009, and a supplementary document （SD） Financial Instrument： Impairment, published jointly with the FASB in January 2011. However, neither of the two proposals received strong support from interested parties. Recently, the IASB, after the FASB＇s decision to withdraw from the joint project and to develop a separate expected credit loss model based on a single measurement approach consisting in the sole recognition of lifetime expected credit losses, published a third proposal--Ahe so-called expected credit losses model （ED/2013/3 Financial Instruments： Expected Credit Losses）.
文摘Following the accession to the WTO of China,bank card industry faces new competition pressure and challenges. At present, the most outstanding problem we face is, how to narrow the gap of development between the international bank card industry and that of China and keep up with fast-developing paces of international bank card as soon as possible. Objectively speaking, bank card industry of our country is still at the initial stage.
文摘The growth of international banks in China occurred after the ＂open-door＂ policy implemented. With the China accession to WTO, the effect of international banks to our economy and politics become more important. If international banks want to succeed in China over the next ten years so that the market as a whole develops and matures, they need the Chinese banks to be successful in their restructuring program. There is truly a win-win outcome here if all segments of the banking community recognize the benefit of improving the competitiveness of the Chinese banking industry as a whole. This article analyzes the pattern and strategy of expansion of international banks in China, for the purpose of showing some enlightenment to domestic banks.
文摘The United States passed the Better Utilization of Investment Leading to Development(BUILD Act),as a counterweight to China’s overseas development activities.Under the Act,the US established a new federal agency,the U.S.International Development Finance Corporation(DFC),to enhance U.S.development financing capabilities.To better understand the impact of the DFC on China’s development finance,this article analyzes the DFC’s purpose,functions,structure,and funding.Then it focuses on the purpose of establishing the DFC,providing a preliminary analysis of the potential motivation for its establishment.It also compares the China Development Bank(CDB)and the DFC based on their focused sectors.Finally,through an in-depth analysis of financial frictions in China-U.S.relations,this article argues that the DFC competes with China’s overseas development financing activities in the context of broader strategic competition between China and the U.S.
