Employees Provident Fund (EPF) has always been a hot topic, from the previous Government permitted “withdrawals” during the pandemic to the present Government disallowing further withdrawals (afraid it would lead to...Employees Provident Fund (EPF) has always been a hot topic, from the previous Government permitted “withdrawals” during the pandemic to the present Government disallowing further withdrawals (afraid it would lead to a financial crisis) and allowing emergency loans through an EPF collateral agreement. The latter used median studies to “contribute” MYR 500 to EPF members with less than RM 10,000 in their accounts. Baffled/bewildered by the current Government’s generosity and highlighted in this paper, I used Monte Carlo simulation, a method used by analysts when determining the size of a client’s portfolio to support their desired retirement lifestyle, to establish a reference-type table displaying ideal savings when reaching 50. The Government could use the table mentioned above to give more meaningful contributions to EPF members, apart from EPF active and inactive members, knowing where they stand concerning their current EPF savings.展开更多
Recently, Guangxi Zhuang Autonomous Region issued a trial regulation guiding the use of the housing provident fund(HPF). The regulation says, from 2010,money deposited at the fund can be with-
This paper proposes a secure,reliable and collaborative data-sharing system for China’s housing provident fund based on blockchain.Firstly,federal computingwas introduced to realize“available but invisible”sharing ...This paper proposes a secure,reliable and collaborative data-sharing system for China’s housing provident fund based on blockchain.Firstly,federal computingwas introduced to realize“available but invisible”sharing of data about housing provident fund,which reduces the data leakage risk and improves the data availability.Secondly,four data sharing modes were proposed to deal with different situations with different amount of data provider and data.Lastly,to realize individual data deep sharing on the premise of security,an enterprise and personal information query authorization mechanism was established to provide solutions to personal and institutional authorization.This system helps to realize both the internal and external data sharing of the housing provident fund system under the premise of security and privacy protection.This system improves the efficiency of housing provident fund issue,and fully taps the value of data comprehensively.展开更多
Establishing a China-Africa Development Fund(CADFund) to encourage and support Chinese enterprises to invest in Africa was one of the eight measures implemented to strengthen China-Africa cooperation pledged by China ...Establishing a China-Africa Development Fund(CADFund) to encourage and support Chinese enterprises to invest in Africa was one of the eight measures implemented to strengthen China-Africa cooperation pledged by China at the Beijing Summit of the Forum on China-Africa Cooperation(FOCAC) in 2006. The Fund became operational in June 2007 with a first-phase funding of $1 billion provided by China Development Bank(CDB).The funding is expected展开更多
Overseas Expansion Chinese automaker FAW Group will broaden its market in South Africa through exporting technology and capital. FAW invested about 500 mil- lion yuan （$79.3 million） to establish a plant in South Af...Overseas Expansion Chinese automaker FAW Group will broaden its market in South Africa through exporting technology and capital. FAW invested about 500 mil- lion yuan （$79.3 million） to establish a plant in South Africa in March this year, which will produce 5,000 trucks a year, according to FAW Group. The plant will be expanded as an overseas manufac- turing base with an annual output of 50,000 passenger vehicles. Founded in 1953, FAW Group is now one of the larg- est vehicle manufacturers in China and ranks among the top 500 corporations worldwide.展开更多
Railway investmentThe Ministry of Railways announced that China plans to invest 400 billion yuan （563.49 billion） on railway infrastructure construction in 2012, representing a decline from the 469 billion yuan （S7...Railway investmentThe Ministry of Railways announced that China plans to invest 400 billion yuan （563.49 billion） on railway infrastructure construction in 2012, representing a decline from the 469 billion yuan （S74.4 billion） in 2011. Railway construction, especially development of high-speed rail lines has been slowing down in the country since a deadly train crash in July 2011. The ministry will raise capital for railroad building through bond issuance bank loans and other market tools.展开更多
文摘Employees Provident Fund (EPF) has always been a hot topic, from the previous Government permitted “withdrawals” during the pandemic to the present Government disallowing further withdrawals (afraid it would lead to a financial crisis) and allowing emergency loans through an EPF collateral agreement. The latter used median studies to “contribute” MYR 500 to EPF members with less than RM 10,000 in their accounts. Baffled/bewildered by the current Government’s generosity and highlighted in this paper, I used Monte Carlo simulation, a method used by analysts when determining the size of a client’s portfolio to support their desired retirement lifestyle, to establish a reference-type table displaying ideal savings when reaching 50. The Government could use the table mentioned above to give more meaningful contributions to EPF members, apart from EPF active and inactive members, knowing where they stand concerning their current EPF savings.
文摘Recently, Guangxi Zhuang Autonomous Region issued a trial regulation guiding the use of the housing provident fund(HPF). The regulation says, from 2010,money deposited at the fund can be with-
基金This research was supported by the National Key R&D Program of China No.2019YFB1404903.
文摘This paper proposes a secure,reliable and collaborative data-sharing system for China’s housing provident fund based on blockchain.Firstly,federal computingwas introduced to realize“available but invisible”sharing of data about housing provident fund,which reduces the data leakage risk and improves the data availability.Secondly,four data sharing modes were proposed to deal with different situations with different amount of data provider and data.Lastly,to realize individual data deep sharing on the premise of security,an enterprise and personal information query authorization mechanism was established to provide solutions to personal and institutional authorization.This system helps to realize both the internal and external data sharing of the housing provident fund system under the premise of security and privacy protection.This system improves the efficiency of housing provident fund issue,and fully taps the value of data comprehensively.
文摘Establishing a China-Africa Development Fund(CADFund) to encourage and support Chinese enterprises to invest in Africa was one of the eight measures implemented to strengthen China-Africa cooperation pledged by China at the Beijing Summit of the Forum on China-Africa Cooperation(FOCAC) in 2006. The Fund became operational in June 2007 with a first-phase funding of $1 billion provided by China Development Bank(CDB).The funding is expected
文摘Overseas Expansion Chinese automaker FAW Group will broaden its market in South Africa through exporting technology and capital. FAW invested about 500 mil- lion yuan （$79.3 million） to establish a plant in South Africa in March this year, which will produce 5,000 trucks a year, according to FAW Group. The plant will be expanded as an overseas manufac- turing base with an annual output of 50,000 passenger vehicles. Founded in 1953, FAW Group is now one of the larg- est vehicle manufacturers in China and ranks among the top 500 corporations worldwide.
文摘Railway investmentThe Ministry of Railways announced that China plans to invest 400 billion yuan （563.49 billion） on railway infrastructure construction in 2012, representing a decline from the 469 billion yuan （S74.4 billion） in 2011. Railway construction, especially development of high-speed rail lines has been slowing down in the country since a deadly train crash in July 2011. The ministry will raise capital for railroad building through bond issuance bank loans and other market tools.
