Foreign banks may divest China stakes

The deadline for victims of the devastating May 12 Sichuan earthquake who borrowed money and still can＇t pay it back has been extended by half a year, the central bank said.     

外资银行"边路"突破

在业务开展初期张驰尚不能自如的情况下,外资银行亲密接触本土银行成为一种必然。位于惠州市博罗县湖镇的华通电脑公司投产10年来,每年可以实现10多亿的销售额     

Foreign investors share dumping has little impact on Chinese banks

China＇s national government pension fund,the Social Security Fund（SSF）,reported its first annual loss since its founding eight years ago,losing 6.79 percent on its investments in 2008.     

商业银行应成为周期行业的平稳器

“商业银行应把支持规模大、信誉好,财务状况良好、抗风险能力强、技术专业队伍过硬、接单能力强、船舶产品有特色的船企作为船舶融资重点．力争发挥长周期行业平稳器作用．”近日,中国银行总行高级分析师曾毅如是说．     

Choice of scale by banks in financial centers

The paper develops a theoretical link between foreign investment, scale and reversibility in the banking industry. This link is used to formulate hypotheses that are empirically examined with a unique data set collected through interviews with senior managers of multinational banks in London. Findings reveal that banks do not set up large operations to service domestic customers or get a foothold, but do so to create hubs. Banks with confident beliefs set up large operations, and use large offices to lock themselves into the market. These results explain the cross-sectional variation in the size of foreign investments in the industry. Robustness checks do not reveal presence of influential data points; regressions are stable over time and consistent with what we know from secondary samples.     

Foreign direct investment in the banking sector: the case of Italian banks in the '90s

The present paper addresses the issue of the determinants of the growth of multinational banks upon foreign markets at a micro individual level. Theories and approaches suggested so far about globalisation of the banking sector basically relate banks' international growth to the theory of the multinational enterprise. Accordingly, this paper relies on the eclectic paradigm, which views the foreign direct investment decision to be a combination of ownership, internalisation and location advantages. Empirical evidence is provided through an econometric model based on count data techniques, with reference to the Italian case in the decade 1989–1999. Results show that the availability of resources and international experience already gathered by the parent banks have positive effects on their decision to undertake direct investments abroad. Multinational banks are also proved to grow internationally in order to internalise their pre-existing bank–client relationships, and to locate their foreign units where they can exploit positive externalities related to the presence of important international financial centres.     

Agriculture Fuelled by Foreign Investment

IfyouhadtoldChineseofficialstwodecadesagotheyswouldonedaybechannellingbillionsofUSdollarsinforeigninvestmentayearintothefarmingsector,theywouldprobablyhavesentyoutoafunnyfarm.Butwhatwasonceapipedreamisnowreality.ThegovernmenthassecuredatleastUS$18billioninforeigninvestmentforagriculturaldevelopmentsincethecountryopenedtotheoutsideworldin1978,saidTangZhengping,director-generaloftheMinistryofAgriculture'sDepartmentofinternationalCo-operation.Twodecadesago,thecountry'scashstarvedserviceandind…     

BOC banks on rail securities

Bank of China （BOC） is likely to invest some RMB 6.6 billion in Beijing-Shanghai High-Speed Railway Corp, the operator of the 1,318 km express rail link being built between the country＇s most affluent cities, people familiar with the matter said.     

Foreign workers-development aid by LDCs?

People have up to now seen in the armies of foreign workers a useful labour reserve, without which the highly industrialised nations of northern Europe would suffer a decline of prosperity. However, the present article, in examining the economic effects of this mass transfer of workers, makes the point that it may have highly adverse consequences for host countries.     

An overview of the securitization of SBA guaranteed loans originated by commercial banks

Securitization involves the repackaging of individual SBA Guaranteed loans made by financial institutions into pools of varying maturities for resale to intermediaries and final investors. Pool volume has been increasing at a rapid rate since the program's inception in 1985. National and regional investment companies, acting as intermediaries, are the major pool buyers. Investors in pools include banks, savings & loans associations, and pension funds. Securitization has resulted in a major secondary market for institutions that make SBA Guaranteed loans. Public policy goals are served by the increase in SBA lending activity that appears related to the securitization process.     

亚洲银行并购风声渐起

亚洲银行招牌林立,对此金融服务业已有共识：银行数量必须减少。过多的银行造成过度竞争,由此高风险运营在所难免。高风险运营的背后,坏账接踵而至,后果是银行利润受损,冲击本地货币体系,威胁储户存款。     

Job burnout and work engagement in entrepreneurs: How the psychological utility of entrepreneurship drives healthy engagement

What is the real value of entrepreneurship? We propose a framework of psychological utility by integrating Job Demands-Resources (JD-R) theory with a recovery approach from a personal agency perspective. We hypothesize that personal agency together with the positive JD-R pattern of entrepreneurship generates outstanding psychological utility, which maintains and rewards a healthy, strong work engagement that spills over to off-work time. This benefits entrepreneurs, but also their businesses reliant on strong work engagement that avoids burnout. We validate our framework by means of panel data comprising four waves (348 entrepreneurs and 1002 employees), where we also analyze different types of entrepreneurs.     

国有商业银行公司治理的问题分析

建立产权明晰、权责明确、政企分开、管理科学的现代企业制度是我国国有商业银行改革的方向，而良好的公司治理的建立是决定国有商业银行改革成败的核心问题。本文探讨和分析我国国有商业银行公司治理的现状和存在的问题，进而提出完善我国国有商业银行公司治理的建议。     

Measuring and forecasting mobile game app engagement

Monetization strategies in the large and strongly growing mobile app space must go beyond traditional purchase revenue as most mobile apps are now free to download. One key marketing innovation allows mobile app publishers to monetize ongoing engagement — in-app advertising.We study ongoing user engagement with a mobile app after the initial download decision using the $40 billion mobile gaming industry as an example. Our study investigates and forecasts user engagement after the initial download aiming to help publishers to monetize their engagement via in-app advertising. We leverage a novel dataset containing user-level engagement for 193 mobile games and propose a hierarchical Poisson model on a mobile-game level. We find significant usage heterogeneity across the mobile games studied and generate forecasts publishers can use when trying to monetize engagement via pre-sold contracts.     

The international debt crisis and the banks

When the international debt crisis broke in 1982 it appeared for a time that the crisis might engulf the international banking system. What part did the banks play in the creation of the problem? What was their role in overcoming the crisis? Dr. Otmar Emminger, former President of the Deutsche Bundesbank, answers these questions and names the consequences the crisis will have on the international banking industry.     

Bond markets and banks in inter-war Japan

The issuance of bonds increased in inter-war Japan, the main investors being banks because the demand for loans declined in this period. Banks that were more tolerant to risk (that is, whose capital ratio was higher) made a larger amount of loans, which were riskier than bonds. While national bonds were traded actively in secondary markets, local bonds, corporate bonds, and bank debentures were not traded actively during this period. After the formation of cartels of banks and securities firms for bond underwriting and trading during the Great Depression, bond trading in secondary markets diminished, except for national bonds.