浓缩百年中行历史

中国银行于1912年2月5日经临时大总统孙中山批准,在上海汉口路三号原大清银行上海分行旧址上成立,8月由财政部另拨股本在北京组织中国银行,上海行遂改为分行.1913年4月,公布<中国银行则例>,总行设于北京,所有大清银行商股商存由中国银行分期偿还.1917年11月修改(<中国银行则例>,增加官股续招商股,按照公司组织成立股东总会,1921年续招商股,共计收官商股本1976万元.     

银行法修正预留混业空间

近日,<中华人民共和国中国人民银行法修正案(草案)>、<中华人民共和国商业银行法修正案(草案)>和<中华人民共和国银行业监督管理法(草案)>三大银行法经国务院讨论并获原则通过.在三大银行法的修正案中,一些新内容完全有可能代表着中国银行业未来的发展趋势.     

金融衍生产品主协议终止数额计算方法比较

为订立统一的金融衍生交易标准、秩序与协议,ISDA 协会(国际掉期与衍生工具协会)成立后,致力于推动国际协议的发展完善,ISDA 主协议已经从1987年、1992年ISDA 主协议,发展到2002 年ISDA 主协议.在我国,中国人民银行于2009 年3 月授权中国银行间市场交易商协会推出<中国银行间市场金融衍生产品交易主协议>(2009 年版)(下称"NAFMII 主协议")以涵盖境内市场参与者间叙做的金融衍生产品.     

快马加鞭立新法望穿秋水不见来

8月27日,十届全国人大常委会第四次会议闭幕,众所瞩目的<中国人民银行法修正案(草案)>(下称"<人民银行法草案>")、<商业银行法修正案(草案)>(下称"<商业银行法草案>")和<中国银行业监督管理法(草案)>(下称"<银监法草案>")被发回修改.全国人大常委会委员长吴邦国在讲话中称,"希望法律委员会认真研究和吸收大家的意见和建议,把这3个草案修改得更好."     

合作金融机构资本约束与管理的探讨

随着2004年6月巴塞尔新资本协议和中国银监会<商业银行资本充足率管理办法>的颁布,中国银行业(无论是监督者还经营者)对银行的资本概念和作用有了愈来愈多清晰的认识.     

注重注册会计师的人格塑造全面提升职业道德水平

中国注册会计师协会自成立以来,一直致力于行业的职业道德建设.其早在1992年9月就发布了<中国注册会计师职业道德守则(试行)>,1996年12月发布了<中国注册会计师职业道德基本准则>,2002年6月发布了<中国注册会计师职业道德规范指导意见>,2009年9月成立了中国注册会计师职业道德准则委员会,并于10月颁发了新的<中国注册会计师职业道德守则>.     

中国银行更改国内主要分行名称

经中国人民银行批准,中国银行从1992年7月1日起,按行政区划更改国内主要分行名称,即中文名称改为中国银行××省分行,××市分(支)行;英文名称均为Bank of CHINA××BRANCH/SUB-BRANCH。以前,中国银行的分支机构按所在地城市名命名。改革开放以后,中国银行陆续在各省省会设立了负责经营本市业务的市级分行。为了避免与原有省级分行名称重复,这些分行只能另起行名,     

从广告投放透视银行竞争态势

2008年3月,CTR市场研究发布了<2006～2007年中国银行业广告投放分析报告>.该报告以CTR全国广告监测网络为基础,以7×24小时不间断监测方式.收集了2006年1月1日～2007年12月31日银行业中国地区广告投放数据(不含信用卡广告数据),并在此基础上撰写而成.通过广告投放状况分析,报告揭示出银行业竞争发展方面的几个显著变化.     

促进外经贸发展的主要银行——中国银行在1949～1979

1949年中华人民共和国成立后,中国银行回到了人民的怀抱,获得了新生。在1949～1979年这段时期,作为国家外汇外贸专业银行,中国银行统一经营管理国家外汇,开展国际贸易结算、侨汇和其他非贸易外汇业务,全力支持国家外贸发展,并充分发挥海外机构的作用,成为促进我国对外经贸发展的主要银行。     

新动态

<正>中国银行成为英国CHAPS系统首家亚洲直接参加行5月11日,英国清算所自动支付系统(CHAPS)宣布,中国银行伦敦分行成为该系统英镑清算业务直接参加行。至此,中国银行成为第一家参加该系统直接清算的亚洲银行和该系统第25家直接清算会员。CHAPS是英国本地英镑大额实时支付系统,是世界最大的实时全额支付系统之一。作为CHAPS成员,中国银行伦敦分行将在支付服务时间、业务流程效率、流动性管     

Almanac of anticipations: The age of affluence—of anticipation—of anxiety—of automation—of discontinuity—of longing—of overkill—of space exploration

With this survey of developments in the futures field since 1945, I.F. Clarke completes his present series for Futures. He makes two major points: that forecasting techniques have become essential tools in the management of change; and that nuclear weapons and ecological problems have added a moral dimension to the study of the future. In the next issue of Futures he will start a new series on the range of future-thinking in the USA, from the expectations of the first settlers to the Star Wars programme.     

基金公司经营融资融券业务的问题审视

融资融券业务正式运营已经开展,为证券市场带来了革命性的改革,作为证券市场的一大主体,基金公司面对融资融券也迎来了新的发展方向和挑战,本文从融资融券业务的运行机制入手,分析了基金公司融资融券的新契机,并对其即将面临的问题进行审视和剖析,进而提出策略建议.     

对基层人民银行科技工作的几点建议

银监会分设后,人民银行将专司货币政策、金融稳定、金融服务三大职能。作为人民银行的分支机构,基层人民银行的工作重心也将从金融监管调整到这三大职能上来。人民银行的科技部门,就要积极运用科技手段,为人民银行履行新的职能发挥“服务、支持、促进、发展”的作用。一、围绕三大职能搭建五大平台经过“六五打基础、七五作准备、八五大发展”几个阶段后,人民银行相继实现了核算电算化、清算网络化和办公信息化。特别是近一两年来,陆续开通了大额支付系统、信贷登记咨询系统、会计四集中系统、金融信息服务网站等系统,人民银行信息化水平又…     

社会主义所有制形式的改革、完善与共产党执政能力的提高

在中国,所有制形式的调整、改革与完善,先进生产力的发展,党的执政能力建设,是社会主义建设过程中密切结合在一起的三个不同层面的发展关系.应在相互促进和共同提高中促进社会的和谐发展,保证社会主义现代化建设战略目标的顺利实现.     

The Usefulness of Measures of Consistency of Discretionary Components of Accruals in the Detection of Earnings Management

Abstract:  Prior research has shown the prevalence of measurement error in models used to estimate aggregate discretionary accruals. In these models, the incremental information content of the various components of accruals is ignored. Limited prior research and data gathered from firms under Securities and Exchange Commission (SEC) litigation indicate that managers use either one or more than one component of accruals simultaneously, in a consistent way to manipulate bottom-line earnings in a given direction. I propose two measures that capture the consistency between the discretionary components of accruals and test their significance in earnings management (EM) detection in firms that have artificially added accrual manipulation and firms that were targeted by the SEC for accrual manipulation. There is evidence that this information is incrementally useful in detecting EM. This finding paves the way for improvements in the discretionary accruals measure by including consistency information from the components of aggregate accruals.     

Properties of time-series estimates of degree of leverage measures

Empirical studies suggest that time-series regression estimates of the degrees of operating and financial leverage have a tendency to produce measures less than one. According to ex ante theory, these measures should be greater than one for firms operating above the breakeven point. There have also been suggestions that the biases in these estimates may be attributable to an underlying increase in unit sales. This work presents evidence that these counter-intuitive measures are produced by changes in the firm's operating parameters (unit price, variable cost, fixed cost and interest payments). It further suggests that attempts to control for the underlying change in unit sales substantially increase the volatility of predicted estimates.     

浅议金融机构的举证责任

金融纠纷案件是当事人以存单或进账单、对账单、存款合同、保险单、票据、证券等凭证为主要证据向人民法院提出诉讼的案件,对于不同种类金融纠纷的当事人的举证责任,我国现行的金融法律、法规及司法解释有不同的规定。由于金融机构的特殊法律地位,发生金融纠纷时存在有关当事人将最后偿付风险转移给金融机构承担的主观故意,在客观上会使金融机构难以提供相应的证据来对抗不法债权人的诉讼请求,而导致金融机构败诉。为此,对金融诉讼案件中金融机构的举证责任加以研究具有重要的实践意义。     

Summary of Results of Survey of Seminar Attendees

Abstract

The Society of Actuaries undertook a three-phase research project on mortality improvement in the three NAFTA countries: Canada, Mexico, and the U.S. Phase 1 consisted of a literature review of papers on projecting mortality levels in the future and a study of the trend in mortality improvement during this century. Phase 2 consisted of a discussion of different facets of modeling mortality rates at a seminar attended by 79 experts (actuaries, demographers, economists, and medical researchers) representing different countries. The last session of the seminar consisted of the completion of a survey by the attendees to obtain input for Phase 3, which would analyze the impact of mortality improvement on the social security system of each country. This paper summarizes the results of the survey.

The survey results illustrate the difficulty in forecasting mortality levels, because the effects of many factors that could have significant impact on mortality rates are unknown. This suggests the need for dynamic forecasting, which allows for the possibility of random shocks. A majority of the survey respondents believe that stochastic forecasting models, despite their complexity, have significant potential to add value. Respondents also believe that both historical data and cause-specific mortality forecasts are useful as input and also in validating forecasts of the aggregate levels of mortality. The challenge is to develop more sophisticated forecasting models to produce results that are relatively easy to interpret and to communicate these results to the desired audiences, including the public and policymakers.

The survey results suggest that the aggregate effect of lifestyle changes, medical advances, diseases, catastrophe, and physical environmental changes is an increase in life span. However, there is much uncertainty about the future. Respondents expect that beyond the year 2020 the mean annual rate of reduction in mortality for males age 65 and over will average about 0.58% for Canada, 0.76% for Mexico, and 0.67% for the U.S. The results for the female age 65 and over population are 0.64%, 0.83%, and 0.70%, respectively. The age 65 and over population is expected to see larger percentage reductions in mortality than the 0–14 and 15–64 populations. The reductions in male and female mortality will be ultimately the same, and the mortality levels in the three countries will ultimately converge, although differences may persist for decades.     

Separation of Unit of Account from Medium of Exchange

The separation of a unit of account (UoA) from a medium of exchange (MoE) in the commodity–money system is investigated by considering explicitly a seller's choice of UoA in terms of either an MoE or a unit of metal weight. If the likelihood of debasement of an MoE and its rate are high enough, the price is posted in terms of a unit of metal weight rather than an MoE. Interestingly, this MoE–UoA separated equilibrium yields the flexible nominal price, whereas an MoE–UoA integrated equilibrium yields the sticky one. This implies the nominal price rigidity in the fiat‐money system where MoE and UoA are integrated.     

银行软件项目外包管理分析

一、引言随着国民经济的不断发展,银行业务与外部企业的联系越来越密切。银行正逐步成为现代经济活动的中心,作为数据处理核心的银行业务应用也越来越大型化、越来越复杂化,因此许多银行也把软件项目逐步由原来的自主开发转变为与公司合作的方式,或直接外包开发的方式,银行本身的技术人员也逐步由开发转向项目管理。二、项目外包的分类银行项目的外包有以下几种情况:①部分子系统外包,有时由于银行的软件项目太大,单靠银行自身的开发力量基本无法在预定的时间内完成项目,只好把相对独立的部分外包;②直接购买软件公司的成熟产品,有些金融软…