Impact of global financial crunch on financially innovative microfinance institutions in South Asia

The wave of global financial crises(2008-2009)caused a surge in the capital flows of developed countries particularly,between developed and developing countries.The crunch hit all financial sectors with unanticipated severity.The study evaluates the role of a country’s political practices in moderating the impact of global financial crunch on microfinance performance.Using the fixed effect panel regression method on the dataset comprising of 95 MFIs operating in South Asia from 2003 to 2012,we determine that microfinance operational capability shares a positive relationship with the institutional attributes of a country and our output reveals that impact of country’s political practices is pervasive on the financial output of MFIs,liable to different levels of implementation.The findings further reveals that MFIs situated in countries having vigorous political practices are less severely affected by the economic crunch.

Plight and Countermeasures of Petty Credit Loan in Rural Financial Institutions in the Context of Rural Revitalization Strategy

The implementation of China's rural revitalization strategy will surely release a huge financial demand in rural areas.How to use the petty credit loan in rural financial institutions to develop rural economy is an effective way to implement the rural revitalization strategy.This paper first analyzes the significance of petty credit loan in rural financial institutions for rural revitalization strategy,then introduces the remarkable contribution of petty credit loan in China's rural financial institutions to actively solving the problems of farmers about difficult financing and expensive financing and elaborates on the main problems of petty credit loan business in rural financial institutions that still exist in the process of supporting rural revitalization,and finally gives several suggestions on solving the problems about the financing of farmers and the development of petty credit loan business in rural financial institutions.

Discussion on the Influence of Overseas Financial Institutions’ Participation in Shares on the Operation Efficiency of China’s Banking Industry

With the implementation of China’s reform and opening up policy and China’s successful accession to the World Trade Organization,more and more overseas financial institutions are participating in various Chinese banks,and the amount of investment is also expanding.Therefore,it is particularly important to study the impact of overseas financial institutions participating in the Chinese Banks on the operating efficiency of the China’s banking industry.Therefore,based on the previous literature research,this paper constructs six models to explore whether foreign financial institutions participate in shares and the impact of shareholding ratio on the operating efficiency of China’s banking industry.

Socio-Environmental Responsibility Policy in Financial Institutions

This research intents to analyze the influence of Socio-Environmental Responsibility Policy of Brazilian’s Central Bank on financial institutions economic performance listed at the Brazilian stock exchange.The data was collected from diversified sources(websites,explanatory notes,reference form and Economatica®data base)from 2012 up to 2017.As sample,22 financial institutions were considered for data collection and analysis.The results showed that the growth in shareholder’s equity and contingent liabilities have significant differences from the adoption of the Socio-Environmental Responsibility Policy.Considering six items of corporate governance and six items of risk management,no investigated institution presented all these mechanisms requested by Brazilian’s Central Bank.Brazilian’s financial institutions recognized a greater volume of liabilities and expenses after the implementation of such policy,which reduced their net equity.This research shed some lights in socio-environmental policies regarding corporate governance and risk management mechanisms.Objective:to analyze whether the adoption of a socio-environmental responsibility policy influences the performance indicators and the corporate governance and risk management framework of financial institutions listed on the Brazilian stock exchange.Method:Data were collected from the period 2012 to 2017,referring to 22 Brazilian financial institutions,which provided information to operationalize the variables.Results:the results showed that,from the performance indicators investigated,the growth in shareholders'equity and contingent liabilities presented significant differences as of the adoption of the socio-environmental responsibility policy.Twelve items were analyzed,six of which were corporate governance and six of risk management,noting that no investigated institution presented all the mechanisms provided by the Central Bank of Brazil.Contributions:the evidence suggests that Brazilian financial institutions began to recognize a greater volume of liabilities and expenses after the obligation to implement the socio-environmental responsibility policy,reducing their net equity.These results may be due to the improvement of the corporate governance structure and the adequacy of the risk management process.

State Council Issued the “Regulations on the Control of Foreign Funded Financial Institutions”

The Xinhua News Agency has released the full text of the No.340 order of the State Council signed by Premier Zhu Rongji, on the publication of the Regulations of the People’s Republic of China on the Control of Foreign Funded Financial Institutions, which will take effect on the date of February 1 in 2002.

An Empirical Analysis of Regional Disparity of Financial Exclusion Based on Types and Levels of Financial Institution

We make an empirical analysis of regional characteristics of influence factors of financial exclusion by using the data of types and levels of financial institutions in China from 1998 to 2012. The study shows that the number of financial institutions continues to increase,but with uneven distribution; the density of financial institutions increases steadily and the gap between the eastern regions and the Midwest is huge; the commercial banks of the eastern regions account for the highest proportion but the rate of basic outlets of the commercial bank is low,the rate of basic outlets of the rural institution bank is relatively higher,and the proportion of the Midwest rural banks is high. Even though the financial exclusion eases,large differences still exist in different areas and the situation is rather critical in rural areas,especially the financial exclusion in western rural areas is the worst. The economic development level,area scale,government expenditure,personal savings level,per capita consumption and educational level have different effects on financial exclusion. Accordingly,this paper puts forward the recommendations for coordinating the financial resource from all regions and reducing the regional financial exclusion.

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

TheFocaIPointsoftheInstitutesofInternaIFinanciaIControIinHigherLearning

高校内部财务控制在实施过程中存在许多值得关注的问题,如何在现行复杂多变的经济环境中设计出一套科学合理有效的内部财务控制体系,事关高校改革与发展。本文从货币资金、筹资与对外投资、采购与付款、工程项目、预算外收入、经费支出以及科研经费管理等方面作了比较深入的探讨,以期对我国高校内部财务控制设计有所帮助。

Regional Financial Development and Regional Economic Growth: An Empirical Analysis of Suzhou City, China

There are many defects in researches on the relationship of the regional financial development (FD) and economic growth of China, such as simply assuming the causality direction, not highlighting financial institution, using incomplete financial indicator, etc. This article, taking Suzhou City of Jiangsu Province, China as a case, builds a simple model to study the level of FD from three aspects of financial scale, structure and institution. Three original indicators of PRIVY (private investment/aggregate investment), DEPTH (aggregate loan/GDP) and FDIVG (FDI/GDP) are used to construct the FD economic indicator through Principal Component Analysis approach. Then we use Granger method to analyze the relationship between the FD and the economic growth of Suzhou. Empirical test results show that the FD of Suzhou is the Granger reason of economic growth, while economic growth is not the reason for FD, because the relationship between the FD and the economic growth of Suzhou is just in the ″supply-leading″ period. In terms of Suzhou experiences, the local government should strengthen the protection of private investment, improve the institutional environment, and establish the reasonable financial structure. So we can concluded that FD could play a great role in promoting economic growth at the economy takeoff stage.

Evaluation and Optimization Approaches of Rural Financial Ecological Environment in Hubei Province

Agriculture is the foundation of national economy,and the quality of rural financial ecological environment determines the level of rural economic development. At the same time of making outstanding achievements in rural financial reform,there are still many problems in rural financial ecological environment. Taking Hubei Province as an example,this paper summarized existing problems from current situations of rural financial ecological environment,and finally came up with pertinent recommendations.

Merger and Acquisition, the Next Day in the Hellenic Banking System, Evidence From the Greek Financial Crisis Period

The aim of this study is to examine if the merger of banks improves the profitability of banks before and after the completion of the merger,in the Hellenic Banking System.For this reason,data were collected one year before the merger took place and then for the following years.The consequences of merging banks using different financial indicators,such as the capital ratio index,the foreign-to-equity index and the loan burden numerator,were also investigated.The effectiveness of interpreting the improvement of the bank’s financial image before and after the merger,for the years 2007-2016,years,before and after the Greek Financial Crisis,in the mergers carried out in the Hellenic Banking System was examined.

Research on the Framework of the Construction of Financial Management Informatization

The development of our country’s financial industry can not do without new information technology.In this information age,all industries require the application of information technology.The arrival of the information age not only affects human life,but also promotes the effective development of economy and brings a lot of help to the development of financial economy.The imperfect construction of financial information management leads to a series of problems,which limits the progress of the construction of financial informatization.This article briefly introduces the current situation and existing problems of the construction of financial management informatization,puts forward reasonable and effective solving strategies to promote our country’s construction of financial management informatization.

The Value Orientation of the Legal System Innovation in Rural Financial Organizations in China

The process of new-type urbanization in China has changed the rural financial demand pattern,for which the peasant household is the subject,and caused its financial demand to change and increase at the same time. As the subject of the rural financial supply, rural financial organizations have to accelerate their institutional innovation and innovation of financial products and services,only through which can they break the financial bottleneck in the process of urbanization. Legislation is the only route for the rural financial organizational system construction and perfection in China. The formation of legal system of rural financial organizations is influenced by factors such as politics,economy and system,as well as the real demand of the rural financial subject,so the value orientation takes on a paradoxical movement of coexistence,competition and integration,which is in great need of more value consensus through system practice and enhancement of management concept for rural financial organizations.