我国离岸金融市场存在的问题及对策建议

离岸金融市场不同于传统的金融市场,它是现代金融市场的重要组成部分,是一种新兴的、真正意义上的国际金融市场。随着我国入世过渡期的结束和加快上海国际金融中心建设的提出,我国银行业与外资银行的全面竞争展开,越来越多的人关注这种竞争可能带给我国银行业的竞争压力,尤其是在离岸金融市场上的竞争会更加激烈。本文概括了离岸金融市场的概念和特点,分析了中国离岸金融市场的发展历程,从中找出了一些问题,并提出了对策和建议。     

金融开放中我国银行业面临的风险与防范对策

一、金融开放进程中我国银行业面临的风险分析 银行业的金融风险是客观存在的,但是,不同经济环境下运营的银行所面临的金融风险却是不一样的.在开放经济条件下,一方面,我国国内金融市场与全球金融市场融为一体,银行的经营除受到国内经济、金融市场的影响外,国际金融市场上大规模的资本流动、各国货币之间的汇率变化、国际银行业之间的竞争等均会给我国银行业的经营带来潜在的风险.另一方面,也意味着我国银行业在国际金融市场上能够以同等的条件与外资银行竞争.可以预见,在开放条件下,我国各类商业银行将会更加积极地开拓国际金融业务,各种国际金融业务也将得到快速发展.     

发展我国离岸银行业务面临的问题及对策

离岸银行业务在国际上已经发展50多年,它在金融自由化、全球化与现代化的历史进程中发挥了举足轻重的作用,在世界金融市场上占有着重要的地位。大力发展离岸银行业务,对我国银行业发展有积极作用。要促进我国离岸银行业务的健康发展,一方面要对离岸银行业务运作进行系统、细致的研究,一方面要对离岸银行业务运作的现状及存在的问题进行研究。     

农村信用社金融创新能力建设的途径

改革开放以来,我国经济发展迅速,综合国力不断提高,金融市场呈现一片红火的发展态势。随着科学技术的发展,很多新技术在银行业得到推广和应用,而农村信用社由于资金、人才及硬件设备的不足,受到严峻挑战。随着越来越多的股份制银行加入金融市场,积极开发新产品和新服务抢占客户资源和市场份额,使得农村信用社的市场空间变小。农村信用社只有进行金融创新,才能在竞争激烈的竞争中发挥自身优势,进而获得长远发展。     

我国网络银行发展现状及对策

随着信息和网络技术的发展,传统银行业的经营方式、经营理念受到了信息技术的巨大冲击.特别是加入WTO后,我国金融市场一步步开放,国内金融业的竞争日趋激烈,网络银行已成为外资银行争夺国内市场的切入点.     

新形势下我国离岸金融市场的风险及监管

由于人民币国际化进程的加快,未来我国离岸金融市场将步入一个新的发展时期。离岸金融业务本身蕴含着多种风险,且在一定条件下这些风险易于转化和转移。因此,对于风险的控制要加以重视,以保证离岸市场健康有序地发展。本文分析了我国离岸金融市场面临的风险及其影响,并主要从政府和金融当局层面提出了监管建议。     

两岸金融合作的发展历程与展望

作为经济社会最重要的资源配置场所,金融市场和资本市场的改革成为大陆经济转型重要的两大支点。未来如何建立一个公开、公平、公正的市场,同时也是一个高效、透明的市场,并能具备一定的国际竞争力,对中国大陆和台湾而言,都是一个契机。从台湾地区金融业发展历史及现状来看,两岸金融合作是缓解台湾银行业面临过度竞争的机遇,特别是两岸签订服贸协议后,无论在银行业、证券、期货、租赁及其他服务业,因各具优势,未来若能相互合作、整合创新,将能发挥综合效应。而上海自由贸易区成立后,不仅有助于人民币国际化的进程,对台湾而言,也有助于台湾争取成为人民币离岸中心的地位。     

离岸人民币的市场创新研究

市场的创新活动是离岸人民币业务发展的关键.文章对离岸人民币的市场创新进行了研究,特别指出市场创新直接导致三个离岸市场的融合,市场创新的力量最终有助于全面提高我国金融市场以致各种非金融资产市场的效率.     

中国建立离岸金融市场的区位选择

离岸金融市场的建立是一个国家金融发展程度上的路标.作为一种国际金融制度创新,给世界上许多国家带来了巨大的收益和便利,有的甚至成为该国金融业腾飞的起点,并带动该国经济的发展与飞跃.另一方面,离岸金融市场的建立,会有一定程度的风险存在,可能影响到中国的金融稳定.中国应不应该建立离岸金融市场,已经是有关学者争论了十几年的话题.     

探寻银行财务风险的成因及防范措施

随着我国国民经济的快速增长,金融市场得到了发展与壮大;同时,银行业的竞争也日趋激烈,银行财务工作中面临的风险也向着多样化、多元化、扩大化发展。当前,我国银行的管理者不够重视财务风险管理,对于可能发生的风险并没有采取防范措施,使得财物安全面临较大的威胁。本文将对银行财务风险的成因进行分析,并探索银行财务风险的防范措施。     

近海钻探工程技术研究

近海钻探工程为近海岸边经济的发展和建设提供了基础的服务保障,如何发挥其重要的社会价值,是我们当前亟待解决的问题。基于此,现对近海钻探工艺和技术总结分析如下,不足之处,还望同仁予以斧正。     

Are offshore firms less conservative in financial reporting? International evidence

Using a large sample of multinational firms operating in offshore financial centers (offshore firms) from 1998 to 2014, this study investigates the financial reporting implications of economic activities involving offshore financial centers (OFCs). We find that offshore firms have a greater tendency to report less conservatively than non‐offshore firms. Moreover, we find that financial reporting is less conservative for firms operating in OFCs with more pronounced OFC attributes than for those with less pronounced OFC attributes. Finally, we also find that firms with their headquarters registered in OFCs (type I offshore firms) tend to adopt less conservative accounting practices than those with subsidiaries operating in OFCs (type II offshore firms). Our findings provide useful insights into how a multinational firm's operation in OFCs is associated with financial reporting practices.     

Union recognition in Britain's offshore oil and gas industry: implications of the Employment Relations Act 1999

The Employment Relations Act 1999 (ERA) has provided trade unions in the UK with new opportunities for achieving recognition. After a long history of anti‐unionism in the offshore oil and gas industry, employers have voluntarily ceded recognition to Trades Union Congress (TUC)‐affiliated trade unions. The legitimacy of this recognition process has been contested by the non‐TUC Offshore Industry Liaison Committee (OILC), an offshore workers’ union, seeking to act as a recognised bargaining agent. The ERA may be promoting ‘business friendly’ agreements at the expense of claims to recognition of other bargaining agents and of democratic employee choice.     

离岸与在岸股指期货市场的价格联动关系研究——基于国内股指期货市场受限的实证分析

金融资产的价格发现权是各国经济主权的重要组成部分,关系到市场秩序和国民财富的安全。从历史经验看,一旦在岸市场出现发展迟滞或过度管制等问题,竞争性离岸市场就会利用契机快速发展。以2015年国内股指期货受限事件为自然实验,分析新加坡交易所A50与国内沪深300股指期货的价格联动关系,研究表明：国内市场受限后,A50股指期货的持仓量呈明显上升趋势,承载的避险需求增大,其夜盘和盘前涨跌能有效预测沪深300指数开盘走势;在同步交易时段,沪深300股指期货在价格发现中的贡献度为64.4%,仍明显高于A50股指期货;境内熔断触发后,A50股指期货的成交量没有显著减少,表明在岸市场暂停无法显著制约离岸市场的价格发现能力。     

International Banking Facilities Revisited

The creation of International Banking Facilities (IBFs) in 1981 was an attempt by U.S. banking regulators to allow U.S.-based banks and their offshore customers to have access to the Euromarket in a U.S. political and legal jurisdiction, operating in a U.S. time zone. The expected benefits were as follows: 1. the cost of capital for U.S.-based banks (both U.S. and foreign-owned) and their offshore customers, particularly multinational firms, would be reduced due to lower political risk, no reserve requirements, and no Federal Deposit Insurance Corporation requirements; 2. Banks could potentially reduce their operating costs to die extent that IBFs replaced offshore shell branches; 3. Additional bank employment would be created in the U.S.; 4. although IBFs would not be subject to U.S. Federal taxes, a geographical shift of bank assets to the U.S. might create a higher Federal tax revenue due to a reduction in foreign tax credit claimed by the banks. In retrospect the performance of IBFs has shown mixed results. With respect to cost of capital, the IBFs must have been cost effective because there has been an impressive growth in IBF assets and loans, coincident with a stagnation in the offshore bank shell branches. However, die largest benefit of this growdi has accrued to foreign-owned IBFs. With respect to lower operating costs, the IBFs have not caused the offshore shell branches to close since they are needed to do business with U.S. residents. With respect to employment, bank employment in the U.S. has gone up marginally, although not nearly as much as originally predicted. The impact of IBFs on Federal tax revenues was not investigated in this study. Public policy impacts of IBF operations have also been less than expected in that IBFs have not eliminated the need for offshore shell-branches in the Caribbean, although they have significantly stifled growth in these financial centers. The entrance of the Japanese Offshore Market in December 1986 and the potential that other countries may enter the competition could well have long term negative impacts on the growth potential of U.S. IBFs.     

国际视角下我国个人理财市场发展探析

近年来随着人们生活水平的提高以及理财意识的增强,高质量的个人理财产品与服务将成为市场的必然选择。然而与个人理财业发达的国家相比,我国个人理财市场还存在着许多问题。本文从国际视角下,分析我国个人理财市场存在的问题,并提出发展个人理财市场的策略。     

提高涉海石油开发HSE管理绩效的研究

涉海石油开发是世界上公认HSE风险最大的行业之一,具有技术含量高、施工难度大、作业环境恶劣、活动空间狭小、远离陆地、救援及逃生困难的特点。笔者认为:把控制涉海石油开发HSE风险放在一切工作的首位,认真研究生产过程中的HSE风险,加强涉海直接作业环节HSE风险管理。不断健全完善HSE管理机构,做好人员取证工作,从项目源头抓起,严格遵守设计审查及检验发证制度,加强全员法律法规及操作技能培训,抓好海上设施HSE"三同时"管理,加大"两特"规定执行力度,建立完善应急管理体系,采取了多种形式进行演练,提高全员HSE风险意识和应急避险技能,确保涉海石油开发的管理HSE绩效水平不断提高。     

Exchange rate regimes and market integration: evidence from the dynamic relations between renminbi onshore and offshore markets

The Chinese renminbi (RMB) has been on the way of becoming a major international currency. This paper examines the impact of the RMB exchange rate regime and policy on the integration and information flows between RMB onshore and offshore markets. We employ a long sample of daily data encompassing multiple times of RMB exchange rate regime change (peg to managed float in 2005, re-peg in 2008, re-float in 2010, and the central parity reform in 2015), and study the dynamic conditional correlations and spillovers between RMB onshore spot market and offshore non-deliverable forward (NDF) market. It is found that the switch from exchange rate peg to managed float and a widening of the floating band strengthen cross-market correlation and information flows (especially offshore-to-onshore spillovers). A market-learning explanation is offered for the observation that the correlation collapse in the re-peg period was not as prompt as the correlation take-off in the 2005 reform period. These findings have important implications for China’s monetary and foreign exchange policies and shed light on the integration of China’s financial markets with the rest of the world.     

中小企业财务管理中存在的问题及对策

随着科技的不断进步,国际市场日趋扩大,造成市场环境变得较为复杂,并且近两年来受到金融危机的影响,许多中小企业的财务管理也面临着相应的挑战和机遇,因此,为了促进中小企业稳定健康的发展,本文就中小企业财务管理中存在的问题和对策进行了相应的探讨。