[Objective] The aim was to study the willingness to accept compensation and compensation sharing of returning land for farming to forestry in Zhangjiakou and Chengde region.[Method] Based on the investigation of farm...[Objective] The aim was to study the willingness to accept compensation and compensation sharing of returning land for farming to forestry in Zhangjiakou and Chengde region.[Method] Based on the investigation of farmers’ willingness to accept ecological compensation in Zhangjiakou and Chengde region,farmers’ willingness to accept compensation was quantized,and the calculation model of sharing rate of ecological compensation was established,finally the sharing rate of ecological compensation was calculated choosing water supply quantity as reference.[Result] Farmers’ willingness to accept compensation in Zhangjiakou and Chengde region was 2 740.5 yuan/(hm2·a),and returned farmland area was 429 700 hm2 in 2008,so the willingness to accept ecological compensation was up to 1.178 billion yuan/a.In addition,the ecological compensation sharing rate of government was 37.60% in Beijing,42.75% in Tianjing and 19.64% in Tangshan,and their ecological compensation funds were 443,504 and 231 million yuan,respectively.[Conclusion] The study could provide important foundation for the establishment of ecological compensation standard and implementation of ecological compensation in Zhangjiakou and Chengde region.展开更多
One of the major difficulties blocking China＇s path to becoming a developed capital market is the “state share overhang” problem that hampers the development of the stock market. With almost two-thirds of the outst...One of the major difficulties blocking China＇s path to becoming a developed capital market is the “state share overhang” problem that hampers the development of the stock market. With almost two-thirds of the outstanding shares of the stock market owned by the central government, investors are wary of the potential sell-off by the government that would inevitably dilute the value of their stock holdings. In this paper, we review the state share reform that aims at solving the dilemma that the central government faces： releasing billions of dollars of government＇s capital locked up in the nontradable stocks of the state-owned enterprises （SOEs） without suppressing the stock prices. We also discuss the alternative of using exchange traded funds （ETFs） as a complementary means to expediting the state share conversion process.展开更多
基金Supported by Science and Technology Planning Project of Hebei Province (09276710D)Project of Hebei Academy of Sciences (10113,10927)Key Subject Construction of High Institutions in Hebei Province
文摘[Objective] The aim was to study the willingness to accept compensation and compensation sharing of returning land for farming to forestry in Zhangjiakou and Chengde region.[Method] Based on the investigation of farmers’ willingness to accept ecological compensation in Zhangjiakou and Chengde region,farmers’ willingness to accept compensation was quantized,and the calculation model of sharing rate of ecological compensation was established,finally the sharing rate of ecological compensation was calculated choosing water supply quantity as reference.[Result] Farmers’ willingness to accept compensation in Zhangjiakou and Chengde region was 2 740.5 yuan/(hm2·a),and returned farmland area was 429 700 hm2 in 2008,so the willingness to accept ecological compensation was up to 1.178 billion yuan/a.In addition,the ecological compensation sharing rate of government was 37.60% in Beijing,42.75% in Tianjing and 19.64% in Tangshan,and their ecological compensation funds were 443,504 and 231 million yuan,respectively.[Conclusion] The study could provide important foundation for the establishment of ecological compensation standard and implementation of ecological compensation in Zhangjiakou and Chengde region.
文摘One of the major difficulties blocking China＇s path to becoming a developed capital market is the “state share overhang” problem that hampers the development of the stock market. With almost two-thirds of the outstanding shares of the stock market owned by the central government, investors are wary of the potential sell-off by the government that would inevitably dilute the value of their stock holdings. In this paper, we review the state share reform that aims at solving the dilemma that the central government faces： releasing billions of dollars of government＇s capital locked up in the nontradable stocks of the state-owned enterprises （SOEs） without suppressing the stock prices. We also discuss the alternative of using exchange traded funds （ETFs） as a complementary means to expediting the state share conversion process.
