The investment strategy choice of state-owned commercial bank is related to its franchise value change information. This paper analyzes the franchise value change information of state-owned commercial bank. The franch...The investment strategy choice of state-owned commercial bank is related to its franchise value change information. This paper analyzes the franchise value change information of state-owned commercial bank. The franchise value change information shows that the franchise value of state-owned Commercial Bank is descending. Along with the descending of the franchise value, state-owned commercial bank strengthens its high risk investment motive when it chooses its investment strategy. State-owned commercial bank tends to run the high risk of investing securities because its investment variety is very sparse. Based on the theoretical principle of how to control securities investment risk, this paper proposes some countermeasures and suggestions that state-owned commercial bank strengthen the control of its securities investment risk in order to perfect its investment strategy.展开更多
Oil and gas exploration and production is the most important and key segment in the whole business chain of the petroleum industry.Therefore,oil companies always put much emphasis on making scientific and reasonable d...Oil and gas exploration and production is the most important and key segment in the whole business chain of the petroleum industry.Therefore,oil companies always put much emphasis on making scientific and reasonable decisions about investment scale and structure in the upstream sector,so that they can minimise business risks and obtain high returns.According to the system dynamics theories and methods and based on the actual results from an oil company's practice in China,a system dynamics model is built in this paper for analyzing and forecasting the upstream investment scale and structure for an oil company.This model was used to analyze the investment effect of a large oil company in China, and the results showed that the total upstream investment scale will decline slowly in a short period and the investment proportion of different parts should be adjusted if some influencing factors are taken into account.This application practice was compared with the actual data and indicated that the system dynamics(SD) model presented in this paper is a useful tool for analyzing and forecasting of upstream investment scale and structure of oil companies in their investment decisions.展开更多
When an oligopoly company decides how much should be invested in its R&D, in order to reap the largest profits, it considers not only what its competitors have done but also how its competitors would respond to its a...When an oligopoly company decides how much should be invested in its R&D, in order to reap the largest profits, it considers not only what its competitors have done but also how its competitors would respond to its action. Therefore, different relationships between oligopoly companies will lead to different responses in their decisions on R&D investment. A correlation deduced from different responses of oligopoly companies in R&D investment with the complete information tactic game theory is presented, and the R&D investment of oilfield service companies was analyzed with this correlation. The correlations of Schlumberger's R&D investment, Halliburton's R&D investment and Baker Hughes' R&D investment were established and analyzed. Meanwhile, two regression models were presented. One was composed of Schlumberger's R&D investment in the previous year and Halliburton's R&D investment. The other was composed of Schlumberger's R&D investment and Baker Hughes' R&D investment in the same year. The accuracy of these two models was proved to be good.展开更多
The essential feature of agriculture is the interweave- ment of natural reproduction and economic reproduction.In recent years,the natural disasters have become more frequent and badly affect the production management...The essential feature of agriculture is the interweave- ment of natural reproduction and economic reproduction.In recent years,the natural disasters have become more frequent and badly affect the production management and investment benefits.This problem has been an important risk in managing agricultural listed companies and cannot be ignored.It is of great importance to evaluate and prevent the risks of the natural disasters to enhance the competitive ability and increase the profits of those listed companies,thereby keeping the sustainable development of agri- cultural companies.展开更多
On April 1,the China RE Invest Indonesia 2024,a symposium cohosted by the Embassy of the Republic of Indonesia in China,the Southeast Strategics(a business and investment research and advisory institute),and the Cente...On April 1,the China RE Invest Indonesia 2024,a symposium cohosted by the Embassy of the Republic of Indonesia in China,the Southeast Strategics(a business and investment research and advisory institute),and the Center for Strategic and International Studies(CSIS)Indonesia,took place in Beijing.Representatives from renewable energy investment companies,equipment manufacturers,financial institutions,government departments,renewable energy-related enterprises.展开更多
Based on the background of China's emerging and transitional market,government subsidies to enterprises are regarded as a " helping hand" of promoting economic structural adjustment. In this paper,using ...Based on the background of China's emerging and transitional market,government subsidies to enterprises are regarded as a " helping hand" of promoting economic structural adjustment. In this paper,using China's A-share agricultural listed companies from 2010 to 2015 as research samples,we discuss the influence of government subsidies on research and development( hereinafter referred to as R & D) investment,and the difference in the relationships between the two from the perspective of different nature of property rights. The results show that,on the whole,the increase in government subsidies does not promote the intensity of R & D investment of agricultural listed companies. And after distinguishing the nature of property rights,the results show that state-owned enterprises can get more government subsidies than private enterprises,and the increase in government subsidies boosts the increase in R & D investment in private enterprises,but there is a negative correlation between government subsidies and R & D investment of state-owned enterprises. This conclusion can broaden the research perspective of the influence factors of corporate R & D investment,and it is of practical significance to further clarify the role of government subsidies in R & D investment decisions of enterprises with different nature of property rights.展开更多
This study examines the efficiency of investment trust companies(ITCs)from 2011 to 2020 using a meta-frontier two-stage network data envelopment analysis(DEA)based on the directional distance function(DDF).We improved...This study examines the efficiency of investment trust companies(ITCs)from 2011 to 2020 using a meta-frontier two-stage network data envelopment analysis(DEA)based on the directional distance function(DDF).We improved the accuracy of the efficiency measurement and added a network-based ranking component to rank the topperforming entities.In the group-specific technology assessment,foreign ITCs excel in investment efficiency.Meanwhile,in the meta-technology assessment,domestic ITCs outperform foreign ITCs in terms of both investment and operational efficiencies.Group-specific technology efficiency scores were found to be lower than or equal to the meta-technology efficiency scores for both the operational and investment stages.Based on the network-based ranking approach,Yuan Ta,a domestic ITC that ranked fourth in the operational stage and first in the investment stage,can be used as a reliable benchmark.This study will enable practitioners to gain a better understanding of the performance of ITCs operating under heterogeneous technologies.展开更多
The concept of corporate social responsibility was origined in the United States in the early 1990 s. This theory is put forward,and quickly caused the widespread attention of various disciplines. With the transition ...The concept of corporate social responsibility was origined in the United States in the early 1990 s. This theory is put forward,and quickly caused the widespread attention of various disciplines. With the transition of the planned economy to marketeconomy in our country, most of the enterprises in China will still refuse to take care of the social responsibility and a series ofproblems become the biggest contradiction in China's economic development and social development. So it is necessary forChina to slove these problems.展开更多
Focusing on the fast growth of BRICS' outward foreign direct investment (OFDI) and multinational companies during the crisis has left unheeded that some other emerging economies also grow much faster than average i...Focusing on the fast growth of BRICS' outward foreign direct investment (OFDI) and multinational companies during the crisis has left unheeded that some other emerging economies also grow much faster than average in the global economy and has become significant and fast-growing direct investors abroad. A sample of such (thirteen) new-wave emerging countries (NWECs) is gathered on the criterion of being ranked among the most significant foreign direct investors in the global economy. The literature review exhibits only very few articles existing on such a topic so far. Descriptive statistics enable tracing OFDI by NWECs-based multinational companies back to the 1970s, checking its geographical orientation and industrial structure, and assessing the relative importance of cross-border mergers and acquisitions. Econometric estimation exhibits that direct investment moving off the NWECs is explained by so-called push factors such as the home country's GDP, GDP per capita, GDP rate of growth, the share of high-technology exported products in overall export, the number of technological patents registered, and how much inward foreign direct investment discussed in the light of Dunning's investment development hypothesis. stock has previously been hosted. These results are path model and Matthews' linkage-leverage learning展开更多
With a view to encouraging foreigninvestors to in vest in China, andimporting overseas advanced technologyand management, expertise, foreigninvestors are permitted to run in vestment-nature companies (hereinafter refe...With a view to encouraging foreigninvestors to in vest in China, andimporting overseas advanced technologyand management, expertise, foreigninvestors are permitted to run in vestment-nature companies (hereinafter referred toas investment co.)in China in accordancewith the Chinese related foreigninvestment laws, decrees rules and theRegulations.Article 1 In the Regulations, the investmentco. is that the foreign investors useexclusive capital or joint capital with theChinese investors to run a company inChina engaged in direct in vestment.展开更多
Based on the Richard Model in 2006,the author classify the Chinese Central Government-Owned Companies(CGOCs),which show the typical characteristics of State-Owned Enterprises(SOEs),by their state of investing into the...Based on the Richard Model in 2006,the author classify the Chinese Central Government-Owned Companies(CGOCs),which show the typical characteristics of State-Owned Enterprises(SOEs),by their state of investing into the sample of Over-Investment(OI)or Under-Investment(UI),then empirically testify how the assessment based on Economic Value-added(EVA)by Chinese State-owned Assets Supervision and Administration Commission(SASAC),and the Discipline Constraints(DCs)of the Communist Party of China(CPC)affect the state of Inefficient Investment(II).The author’s empirical results include those as following:(1)The EVA assessment has significant effect of restraining CGOCs’OI,but the effect is not significant for UI;(2)The DCs show no significant effect of suppressing OI,but significant effect of worsening UI;(3)As far as the moderating effect is concerned,DCs only in a small degree strengthen the function of EVA assessment for suppressing CGOCs’OI,but significantly weaken its function of relieving CGOCs’UI.Based on these empirical proofs,the author proposes that the emphasis of the EVA assessment and DCs should be synergistically shifted to CGOCs’UI,which has important institutional meanings especially under the background of macro-economic going down for a long time.展开更多
According to McKinsey’s report, 67% of the domestic enterprises’ overseas investments have failed. Compared with other countries’ overseas investment failure proportion, is China’s 67% high?
A company's fire security investment is part of its fixed costs for production, which means the necessary spending to bring corporate and social benefits. The analysis on the links between the company's fire securit...A company's fire security investment is part of its fixed costs for production, which means the necessary spending to bring corporate and social benefits. The analysis on the links between the company's fire security investments and the economic benefits is a very important and urgent issue. "l-his paper will provide deep analysis of the definitions, meanings and contents of the corporate fire security investments and also make a summary of the direct and indirect economic benefits brought by such investments.展开更多
It is the ninth year for China to implement the Antitrust Law and the law enforcement has been seeing plenty of new measures,which helps the Law keep improving.Since the year of 2014,the antitrust law enforcement divi...It is the ninth year for China to implement the Antitrust Law and the law enforcement has been seeing plenty of new measures,which helps the Law keep improving.Since the year of 2014,the antitrust law enforcement division of the State Council has disclosed a series of sensational antitrust investigation cases and the foreign-invested companies serve as a target among these cases.For instance,the"展开更多
Chinese insurance companies has been adopting offshore capital operation practices,according to regulation and supervision policies on overseas investment,since 2012 when the former China Insurance Regulatory Commissi...Chinese insurance companies has been adopting offshore capital operation practices,according to regulation and supervision policies on overseas investment,since 2012 when the former China Insurance Regulatory Commission(CIRC)relaxed the restrictions on offshore asset allocation of funds of insurance companies,encouraging insurance companies to actively diversify their global asset portfolios.展开更多
Since the COVID-19 virus outbreak,the CCPIT has been innovating its working mechanism and improving its services to solve the difficult issues faced by foreign trade companies and stabilize foreign trade and investmen...Since the COVID-19 virus outbreak,the CCPIT has been innovating its working mechanism and improving its services to solve the difficult issues faced by foreign trade companies and stabilize foreign trade and investment.Some of the solutions put forward so far include issuing force majeure certificates,establishing legal assistance platforms,promoting online mediation and providing on-line training.展开更多
According to data from the Ministry of Commerce and the State Administration of Foreign Exchange,China’s all-sector outbound investment between January and May 2020 reached RMB 314.87 billion.In addition,Chinese non-...According to data from the Ministry of Commerce and the State Administration of Foreign Exchange,China’s all-sector outbound investment between January and May 2020 reached RMB 314.87 billion.In addition,Chinese non-financial investment in 54 countries in the Belt and Road region amounted to RMB 45.84 billion,up by 20.4%.As the Covid-19 pandemic spread across the world,Chinese companies needed to properly implement risk management measures,assess potential risks comprehensively.展开更多
In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly. the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the n...In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly. the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law . Finally. Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded thai the promotion of the new company law on the relationship between FIEs and some suggestions for the coexistence of the two.展开更多
In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly, the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the ne...In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly, the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law. Finally, Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded that the promotion of the new company law on the relationship between FIEs and some suggestions liar the coexistence of the lwo.展开更多
In spite of the slowdown in world economic growth and the escalation of geopolitical tensions,the numerous multinational companies still cast votes of confidence in the Chinese market with their practical actions.In p...In spite of the slowdown in world economic growth and the escalation of geopolitical tensions,the numerous multinational companies still cast votes of confidence in the Chinese market with their practical actions.In particular,Zhejiang Province displayed its magnetic attraction for high-quality foreign investment.Data shows that in 2023,the province’s actual use of FDI(foreign direct investment)came at USD 20.2 billion(exceeding USD 20.0 billion for the first time ever),ranked the 4th nationwide.The total FDI saw an increase of 4.8%year on year,and FDI used in the manufacturing sector rose by 85.8%,whose percentage in the total reached a record high.展开更多
文摘The investment strategy choice of state-owned commercial bank is related to its franchise value change information. This paper analyzes the franchise value change information of state-owned commercial bank. The franchise value change information shows that the franchise value of state-owned Commercial Bank is descending. Along with the descending of the franchise value, state-owned commercial bank strengthens its high risk investment motive when it chooses its investment strategy. State-owned commercial bank tends to run the high risk of investing securities because its investment variety is very sparse. Based on the theoretical principle of how to control securities investment risk, this paper proposes some countermeasures and suggestions that state-owned commercial bank strengthen the control of its securities investment risk in order to perfect its investment strategy.
文摘Oil and gas exploration and production is the most important and key segment in the whole business chain of the petroleum industry.Therefore,oil companies always put much emphasis on making scientific and reasonable decisions about investment scale and structure in the upstream sector,so that they can minimise business risks and obtain high returns.According to the system dynamics theories and methods and based on the actual results from an oil company's practice in China,a system dynamics model is built in this paper for analyzing and forecasting the upstream investment scale and structure for an oil company.This model was used to analyze the investment effect of a large oil company in China, and the results showed that the total upstream investment scale will decline slowly in a short period and the investment proportion of different parts should be adjusted if some influencing factors are taken into account.This application practice was compared with the actual data and indicated that the system dynamics(SD) model presented in this paper is a useful tool for analyzing and forecasting of upstream investment scale and structure of oil companies in their investment decisions.
文摘When an oligopoly company decides how much should be invested in its R&D, in order to reap the largest profits, it considers not only what its competitors have done but also how its competitors would respond to its action. Therefore, different relationships between oligopoly companies will lead to different responses in their decisions on R&D investment. A correlation deduced from different responses of oligopoly companies in R&D investment with the complete information tactic game theory is presented, and the R&D investment of oilfield service companies was analyzed with this correlation. The correlations of Schlumberger's R&D investment, Halliburton's R&D investment and Baker Hughes' R&D investment were established and analyzed. Meanwhile, two regression models were presented. One was composed of Schlumberger's R&D investment in the previous year and Halliburton's R&D investment. The other was composed of Schlumberger's R&D investment and Baker Hughes' R&D investment in the same year. The accuracy of these two models was proved to be good.
文摘The essential feature of agriculture is the interweave- ment of natural reproduction and economic reproduction.In recent years,the natural disasters have become more frequent and badly affect the production management and investment benefits.This problem has been an important risk in managing agricultural listed companies and cannot be ignored.It is of great importance to evaluate and prevent the risks of the natural disasters to enhance the competitive ability and increase the profits of those listed companies,thereby keeping the sustainable development of agri- cultural companies.
文摘On April 1,the China RE Invest Indonesia 2024,a symposium cohosted by the Embassy of the Republic of Indonesia in China,the Southeast Strategics(a business and investment research and advisory institute),and the Center for Strategic and International Studies(CSIS)Indonesia,took place in Beijing.Representatives from renewable energy investment companies,equipment manufacturers,financial institutions,government departments,renewable energy-related enterprises.
文摘Based on the background of China's emerging and transitional market,government subsidies to enterprises are regarded as a " helping hand" of promoting economic structural adjustment. In this paper,using China's A-share agricultural listed companies from 2010 to 2015 as research samples,we discuss the influence of government subsidies on research and development( hereinafter referred to as R & D) investment,and the difference in the relationships between the two from the perspective of different nature of property rights. The results show that,on the whole,the increase in government subsidies does not promote the intensity of R & D investment of agricultural listed companies. And after distinguishing the nature of property rights,the results show that state-owned enterprises can get more government subsidies than private enterprises,and the increase in government subsidies boosts the increase in R & D investment in private enterprises,but there is a negative correlation between government subsidies and R & D investment of state-owned enterprises. This conclusion can broaden the research perspective of the influence factors of corporate R & D investment,and it is of practical significance to further clarify the role of government subsidies in R & D investment decisions of enterprises with different nature of property rights.
文摘This study examines the efficiency of investment trust companies(ITCs)from 2011 to 2020 using a meta-frontier two-stage network data envelopment analysis(DEA)based on the directional distance function(DDF).We improved the accuracy of the efficiency measurement and added a network-based ranking component to rank the topperforming entities.In the group-specific technology assessment,foreign ITCs excel in investment efficiency.Meanwhile,in the meta-technology assessment,domestic ITCs outperform foreign ITCs in terms of both investment and operational efficiencies.Group-specific technology efficiency scores were found to be lower than or equal to the meta-technology efficiency scores for both the operational and investment stages.Based on the network-based ranking approach,Yuan Ta,a domestic ITC that ranked fourth in the operational stage and first in the investment stage,can be used as a reliable benchmark.This study will enable practitioners to gain a better understanding of the performance of ITCs operating under heterogeneous technologies.
文摘The concept of corporate social responsibility was origined in the United States in the early 1990 s. This theory is put forward,and quickly caused the widespread attention of various disciplines. With the transition of the planned economy to marketeconomy in our country, most of the enterprises in China will still refuse to take care of the social responsibility and a series ofproblems become the biggest contradiction in China's economic development and social development. So it is necessary forChina to slove these problems.
文摘Focusing on the fast growth of BRICS' outward foreign direct investment (OFDI) and multinational companies during the crisis has left unheeded that some other emerging economies also grow much faster than average in the global economy and has become significant and fast-growing direct investors abroad. A sample of such (thirteen) new-wave emerging countries (NWECs) is gathered on the criterion of being ranked among the most significant foreign direct investors in the global economy. The literature review exhibits only very few articles existing on such a topic so far. Descriptive statistics enable tracing OFDI by NWECs-based multinational companies back to the 1970s, checking its geographical orientation and industrial structure, and assessing the relative importance of cross-border mergers and acquisitions. Econometric estimation exhibits that direct investment moving off the NWECs is explained by so-called push factors such as the home country's GDP, GDP per capita, GDP rate of growth, the share of high-technology exported products in overall export, the number of technological patents registered, and how much inward foreign direct investment discussed in the light of Dunning's investment development hypothesis. stock has previously been hosted. These results are path model and Matthews' linkage-leverage learning
文摘With a view to encouraging foreigninvestors to in vest in China, andimporting overseas advanced technologyand management, expertise, foreigninvestors are permitted to run in vestment-nature companies (hereinafter referred toas investment co.)in China in accordancewith the Chinese related foreigninvestment laws, decrees rules and theRegulations.Article 1 In the Regulations, the investmentco. is that the foreign investors useexclusive capital or joint capital with theChinese investors to run a company inChina engaged in direct in vestment.
文摘Based on the Richard Model in 2006,the author classify the Chinese Central Government-Owned Companies(CGOCs),which show the typical characteristics of State-Owned Enterprises(SOEs),by their state of investing into the sample of Over-Investment(OI)or Under-Investment(UI),then empirically testify how the assessment based on Economic Value-added(EVA)by Chinese State-owned Assets Supervision and Administration Commission(SASAC),and the Discipline Constraints(DCs)of the Communist Party of China(CPC)affect the state of Inefficient Investment(II).The author’s empirical results include those as following:(1)The EVA assessment has significant effect of restraining CGOCs’OI,but the effect is not significant for UI;(2)The DCs show no significant effect of suppressing OI,but significant effect of worsening UI;(3)As far as the moderating effect is concerned,DCs only in a small degree strengthen the function of EVA assessment for suppressing CGOCs’OI,but significantly weaken its function of relieving CGOCs’UI.Based on these empirical proofs,the author proposes that the emphasis of the EVA assessment and DCs should be synergistically shifted to CGOCs’UI,which has important institutional meanings especially under the background of macro-economic going down for a long time.
文摘According to McKinsey’s report, 67% of the domestic enterprises’ overseas investments have failed. Compared with other countries’ overseas investment failure proportion, is China’s 67% high?
文摘A company's fire security investment is part of its fixed costs for production, which means the necessary spending to bring corporate and social benefits. The analysis on the links between the company's fire security investments and the economic benefits is a very important and urgent issue. "l-his paper will provide deep analysis of the definitions, meanings and contents of the corporate fire security investments and also make a summary of the direct and indirect economic benefits brought by such investments.
文摘It is the ninth year for China to implement the Antitrust Law and the law enforcement has been seeing plenty of new measures,which helps the Law keep improving.Since the year of 2014,the antitrust law enforcement division of the State Council has disclosed a series of sensational antitrust investigation cases and the foreign-invested companies serve as a target among these cases.For instance,the"
文摘Chinese insurance companies has been adopting offshore capital operation practices,according to regulation and supervision policies on overseas investment,since 2012 when the former China Insurance Regulatory Commission(CIRC)relaxed the restrictions on offshore asset allocation of funds of insurance companies,encouraging insurance companies to actively diversify their global asset portfolios.
文摘Since the COVID-19 virus outbreak,the CCPIT has been innovating its working mechanism and improving its services to solve the difficult issues faced by foreign trade companies and stabilize foreign trade and investment.Some of the solutions put forward so far include issuing force majeure certificates,establishing legal assistance platforms,promoting online mediation and providing on-line training.
文摘According to data from the Ministry of Commerce and the State Administration of Foreign Exchange,China’s all-sector outbound investment between January and May 2020 reached RMB 314.87 billion.In addition,Chinese non-financial investment in 54 countries in the Belt and Road region amounted to RMB 45.84 billion,up by 20.4%.As the Covid-19 pandemic spread across the world,Chinese companies needed to properly implement risk management measures,assess potential risks comprehensively.
文摘In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly. the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law . Finally. Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded thai the promotion of the new company law on the relationship between FIEs and some suggestions for the coexistence of the two.
文摘In this paper, the impact of the new company law on foreign-funded enterprise law are analyzed. Firstly, the foreign investment enterprise law is summarized, followed by a detailed introduction of the impact of the new company law and foreign-invested enterprise law. Finally, Impact on the Law of Foreign Investment Enterprises. From these researches, it is concluded that the promotion of the new company law on the relationship between FIEs and some suggestions liar the coexistence of the lwo.
文摘In spite of the slowdown in world economic growth and the escalation of geopolitical tensions,the numerous multinational companies still cast votes of confidence in the Chinese market with their practical actions.In particular,Zhejiang Province displayed its magnetic attraction for high-quality foreign investment.Data shows that in 2023,the province’s actual use of FDI(foreign direct investment)came at USD 20.2 billion(exceeding USD 20.0 billion for the first time ever),ranked the 4th nationwide.The total FDI saw an increase of 4.8%year on year,and FDI used in the manufacturing sector rose by 85.8%,whose percentage in the total reached a record high.