New Regulations on the Supervision of Foreign-funded Banks in China

Foreign banks have achievedremarkable development in China since theintroduction in 1980, and so far there are 135institutions doing business in our country.With the increasing number of foreign-fundedfinancial institutions and the developmentof their businesses, China has made someadjustments to its policies and laws governingforeign banks in recent years, which aredemonstrated in the following aspects.Ⅰ Regions: In August, 1994, 11 cities wereapproved to set up business institutions offoreign banks. So far, the number of suchcities has increased to 24, as follows: Beijing,

Spatiotemporal characteristics of seed rain and soil seed bank of artificial Caragana korshinskii Kom. forest in the Tengger Desert, China

Vegetation restoration and reconstruction are effective approaches to desertification control and achieving social and economic sustainability in desert areas.However,the self-succession ability of native plants during the later periods of vegetation restoration remains unclear.Therefore,this study was conducted to bridge the knowledge gap by investigating the regeneration dynamics of artificial forest under natural conditions.The information of seed rain and soil seed bank was collected and quantified from an artificial Caragana korshinskii Kom.forest in the Tengger Desert,China.The germination tests were conducted in a laboratory setting.The analysis of species quantity and diversity in seed rain and soil seed bank was conducted to assess the impact of different durations of sand fixation(60,40,and 20 a)on the progress of vegetation restoration and ecological conditions in artificial C.korshinskii forest.The results showed that the top three dominant plant species in seed rain were Echinops gmelinii Turcz.,Eragrostis minor Host.,and Agropyron mongolicum Keng.,and the top three dominant plant species in soil seed bank were E.minor,Chloris virgata Sw.,and E.gmelinii.As restoration period increased,the density of seed rain and soil seed bank increased first and then decreased.While for species richness,as restoration period increased,it gradually increased in seed rain but decreased in soil seed bank.There was a positive correlation between seed rain density and soil seed bank density among all the three restoration periods.The species similarity between seed rain or soil seed bank and aboveground vegetation decreased with the extension of restoration period.The shape of the seeds,specifically those with external appendages such as spines and crown hair,clearly had an effect on their dispersal,then resulting in lower seed density in soil seed bank.In addition,precipitation was a crucial factor in promoting rapid germination,also resulting in lower seed density in soil seed bank.Our findings provide valuable insights for guiding future interventions during the later periods of artificial C.korshinskii forest,such as sowing and restoration efforts using unmanned aerial vehicles.

Research on Early Warning of Banking Crises from the Perspective of Credit Structures

The relationship between credit expansion and banking crises is complex and cannot be fully explained by total credit alone.A systematic analysis of the relationship between the amount and structure of total credit and banking crises is important for an objective prediction of the influence of potential financial risks.This paper,drawing on data from 15 selected countries,delves into the power of credit indicators in the early warning of banking crises from the perspectives of industrial structure,sector structure,and term structure of credit.Various machine learning methods were used,including Logistic Regression,Random Forest,Decision Tree,Support Vector Machine(SVM),Bagging,and Boosting models.The empirical findings indicate that credit expansion plays a crucial role in triggering banking crises.However,total credit is better suited for the early warning of short-term banking crises,whereas credit structure is more useful for the early warning of long-term banking crises.Moreover,in an early warning system,identifying key early warning indicators is more meaningful than merely increasing the number of indicators.Machine learning can somewhat enhance the early warning power,but it may not always be robust.Therefore,more attention should be paid to potential systemic banking crises resulting from an imbalance in credit structure while regulating the total credit threshold.

ISO Certification and Technical Efficiency in the Banking Sector:An Evidence from WAEMU’s Countries Using the DEA Method

In the view of the international organization of standardization,the introduction of ISO standards is typical of quality management systems oriented towards strengthening the efficiency of enterprises.Business banks are not excluded from this requirement.The current study aims to evaluate the effect of ISO certification on the technical performance of WAEMU banks.Using BCEAO data(2020),the DEA model and Tobit estimates show that ISO certification has no effect on the efficiency scores of the banks in the sample.It is therefore appropriate for these banks to work on improving their business climate.

Research on the Impact of Digital Transformation on the Business Performance of Commercial Banks

Nowadays,with the development of the digital economy,commercial banks are actively conducting digital transformation.Studying the impact of the digital transformation of commercial banks on their operating performance can help commercial banks form a stronger core competitiveness and promote high-quality financial development.Based on the above background,this article first describes the status and development of digital transformation and development of commercial banks,and secondly analyzes whether Chinese commercial banks’digital transformation is conducive to improving their operating performance.Thirdly,by selecting the data of the listed commercial banks in the ten years of 2012–2022,this article obtains the empirical testing of the digital transformation on different property rights.Finally,the higher the level of digitalization,the higher the digital level,the more significantly promotes the performance of commercial banks.Finally,based on the above analysis,this article puts forward feasibility opinions on commercial banks and related regulators.

基于Auto bank的某水库大坝渗流安全评价

以富水水库为例,依托达西定律和渗流理论基础,并结合Auto bank有限元软件分析了水库在正常高水位、设计洪水位、校核洪水位下坝体及坝基的渗流状况,计算结果表明水库日渗漏量远小于允许日渗漏量,水库渗漏量满足规范要求。大坝各工况最大渗透坡降均小于规范允许值,渗透变形满足规范要求。左坝肩存绕渗现象,建议加强监测。

ISMB:多核系统中利用Bank分区实现共享库隔离

动态随机存取存储器DRAM一直以来以其低功耗、高性价比和良好的扩展性等优点作为计算机内存的最佳选择。为了提高内存的访问速度,DRAM中的每个Bank都有一个行缓冲区,它可以有效地提升局部性良好的应用程序的性能。然而在多核系统中,DRAM被系统中的所有Core共享,因此对内存的并发访问会导致Bank行缓冲区冲突问题的产生,从而导致内存访问延迟的增大。共享库作为一种共享资源,使Bank行缓冲区冲突问题更加严重。虽然目前有一些基于DRAM Bank分区技术的解决方案可以有效缓解由进程访问私有内存导致的Bank行缓冲区冲突问题,但是这些解决方案无法解决访问共享库引起的Bank行缓冲区冲突问题。该文提出了一种在多核系统中利用Bank分区实现共享库隔离的方案(ISMB)。ISMB使运行在同一个Core上的进程只能访问属于该Core的共享库的副本,因此ISMB消除了共享库导致的Bank行缓冲区冲突问题。对比实验结果表明,ISMB能够有效地提升系统隔离性能,在使用ISMB的情况下,SPEC CPU2006基准测试程序的减速率最大可降低26.3%。

How to set up a foreign-funded or Chinese-foreign joint venture financial institution in Shanghai

If you are representing a foreign-funded institution in setting up a foreign-funded bank or financial company in Shanghai, you should have a representative agency already established within the boundaries of China for more than two years, and general assets at the end of the previous year should not be less than US $ 10 billion. The country or region you are residing in should have

Ten Top "Foreign-Funded" Pharmaceutical Enterprises

The first session of the appraisal campaign, which lasted seven months, for choosing ten top "foreign-funded" pharmaceutical enterprises nationwide concluded on June 21. The State Pharmaceutical AdminiStration issued award certificates to the ten "foreign-funded" pharmaceutical enterprises which had won the honour of the best ten title headed by Xian-Janssen Pharmaceutical Ltd. This is the first large scale comprehensive appraisal of business scale, economic results and product status of the "foreign-funded" pharmaceutical enterprises all over China, aiming

Soil seed bank is affected by transferred soil thickness and properties in the reclaimed coal mine in the Qilian Mountains, China

Reclamation of lands abandoned after mining in mountain areas is critical to erosion control,safety from landslides,and ecological protection of mountain ecosystems.However,little is known about alpine coal mine reclamation using the soil seed bank as a potential source for revegetation.We collected samples of persistent soil seed bank for germination experiments from nine reclaimed sites with different soil cover thicknesses and from six control sites in the Qilian Mountains of China.Soil properties of each site were determined(including soil water content,soil available potassium,soil available phosphorus,soil total nitrogen,pH,soil organic matter,soil total phosphorus,and soil total potassium,and soil alkali-hydrolyzable nitrogen),and the relationships of the characteristics of the soil seed bank with soil cover thickness and soil properties were examined.The results showed that the density,number of species,and diversity of the topsoil seed bank were significantly correlated with soil cover thickness,and all increased with the increment of soil cover thickness.Soil cover thickness controlled the soil seed bank by influencing soil properties.With the increase in soil cover thickness,soil properties(e.g.,soil organic matter,soil total nitrogen,etc.)content increased while soil pH decreased.The soil seed bank had the potential to restored the pre-mining habitat at reclaimed sites with approximately 20-cm soil cover thickness.Soil properties of reclaimed sites were lower than that of natural sites.The relationship between the soil seed bank and soil cover thickness determined in this study provides a foundation for improving reclamation measures used in coal mines,as well as for the management and monitoring of reclaimed areas.

Foreign-funded“Double Excellence Enterprise”——Anhui South Textile Co.Ltd.

The Anhui South Textile Co.Ltd.,established in September 1992,is a Sino-foreign cooperative enterprise,stock-held by Anqing TextileFactory.It has a total investment of RMB 16.5 million,registered capitalof RMB 11.55 million,with 25.3 percent shared by the foreign side.Mainproducts include combed yarn under 100s. Since its operation,the company,by making full use of its advantages—having an annual export quota for cotton yarn of 9000 pieces,preferential policy,new equipment,strong ability for high grade

New Development of Foreign-Funded Enterprises

Since 1979, China’s foreign capital utilization has made renewed progress in a steady sound way, invigorating China’s social progress and economic prosperity. The year 1994 witnessed 47,390 foreign-funded projects approved in China with direct foreign investment reaching US$33.8 billion, some 22.8 percent higher than in the previous year. By April 1995 from 1980, there were 230,000 foreign-funded projects approved with contractual foreign investment exceeding US$300 billion and actually about US$104

Yancheng Develops Foreign-funded Enterprises

Yancheng City, once neglected by investors, has become the focus of foreign investment in recent years. Beginning in 1987 and to the end of 1993, Yancheng had set up 875 foreign-funded enterprises, making use of US$226 million in foreign capital—530 of them approved last year alone with foreign capital worth US$109 million. Those in operation rank among the most advanced foreign-funded enterprises in Jiangsu Province and the country.

Property Assessment for Foreign-Funded Enterprises

Along with the further development of China’s openness and continual improvement of its investment environment, more and more foreign investors are coming to China. Foreign capital, advanced technology and equipment and scientific management can boost China’s economic development.

Loans to Foreign-Funded Enterprises

With the implementation of the opening policy, the Bank of China(BOC) started lending to foreignfunded enterprises early in the 1980s. At the end of 1993, 50 percent of foreignfunded enterprise had opened accounts with the BOC. BOC has made US dollar loans worth $16.8 billion, and RMB ioans of ￥ 135.55 billion to

Application Procedures——for Establishing Chinese-foreign Joint(Co-operative)Ventures or Foreign-funded Enterprises in Sichuan Province

1. On Chinese-foreign joint (co-operative) ventures(1) The conclusion of the letter ofintent on joint investment (co-operation) bythe Chinese and foreign parties.(2) New construction projects shall besubmitted to the provincial PlanningCommission for ratification; technicalinnovation projects shall be submitted to theProvincial Economic Commission forratification.(3) The contracting parties shall register thename of the joint venture with the provincialAdministration for Industry and Commerce.

Size matters:analyzing bank profitability and efficiency under the Basel III framework

The latest regulatory framework,which has been introduced globally in the form of Basel III,and its implementation in the legislation of the member states of the Euro-pean Union has generated much interest in the impact of regulation on the efficiency and profitability of banks.This study aims to examine the impact of the introduction of two major regulatory changes(Basel II and Basel III)on bank performance,in terms of bank size and bank-specific and macroeconomic variables.A two-stage empirical anal-ysis was conducted on a sample of 433 European commercial banks over the 2006–2015 period.In the first stage,relative efficiency was calculated using non-parametric data envelopment analysis.In the second stage,the generalized method of moments was used to examine the impact of bank-specific and macroeconomic variables as well as regulation on bank performance,that is,profitability and efficiency.Consider-ing bank size,the results show a diverse impact of regulation on bank performance.Regarding large-and medium-sized banks,regulation positively affects both efficiency and profitability,whereas,for small banks,it negatively affects performance.The results suggest that larger banks have skillfully adapted to the new regulatory environment.In contrast,small banks have problems with profitability and efficiency because the new regulatory framework has imposed additional administrative and regulatory burdens.This could result in future failure or mergers with larger banks,resulting in a higher concentration in the banking sector and increased systemic risk.Our results strongly suggest that regulation should not be implemented equally for all banks;that is,on a one size fits all terms.A distinction between small and large banks when introducing new regulatory frameworks should be made if a reasonable level of competition is to be preserved.