老外看中国

01工行居中国银行业百强之首英国《银行家》杂志6月5日发布了第二届“中国银行业百强排行榜”。该榜显示,按照一级资本排名,中国工商银行以4620.19亿元问鼎榜首,中国银行和中国建设银行紧随其后。中国工商银行同时获2006年度“最佳交易奖”。与2006年     

业界大事

周小川获最佳行长奖英国《银行家》杂志6月5日在北京发布第二届暨2007年度"中国银行业百强排行榜",并授予中国人民银行行长周小川2006年度"最佳亚洲央行行长"奖项。随着中国工商银行和中国银行2006年成功发行上市,这两家银行今年重新占据中国银行百强排行榜前两名的位置。《银行家》杂志还同时颁给中国工商银行2006年度"最佳交易奖"。     

李敏实：办有特色的银行

非常感谢《银行家》杂志每年举办一次这样的活动,我连续参加了三年,每次参会以后都能给我新的思路和启示。《银行家》杂志的商业银行竞争力排名工作,目前已经得到了金融界的普遍认可,社会知名度越来越大,同时也被各地地方政府所接受,因为这项排名比较客观、公正,     

从世界排名看我国银行的国际竞争力

英国的《银行家》杂志自1970年起开始每年都要推出当年的全球大银行的实力排名，起初只对全球300家大银行进行排名，如今巳扩至100家大银行。《银行家》杂志的排名充分展示了当今全球1000家大银行的综合竞争实力水平（包括一级资本、资本规模、银行经营稳健性情况、收益及其他综合指标等），为国际金融界所认可，极具权威性。尽管这些指标是静态的，但是如果连续考察一段时期就可以看出该行在全球金融市场的动态地位和动态竞争力。本文根据《银行家》杂志2002年度7月推出的“全球1000家大银行”最新排行榜，结合2001年的排名来对我国银行的国际竞争力进行比较分析。     

媒体看金融·面孔

《银行家杂志》7月刊：全球1000家大银行 英国《银行家》杂志公布的2013年“全球1000家大银行”排名榜单中,有96家中资银行上榜。在一级资本规模排名当中,工商银行击败了美国银行以及摩根大通,坐上头把交椅。     

工商银行

<正>中国工商银行品牌价值排名全球银行业第一近日,英国《银行家》杂志发布了2017年全球银行品牌价值500强榜单,中国工商银行以478.32亿美元的品牌价值,超过富国银行,首次成为全球最有价值的银行品牌。《银行家》杂志配合榜单发布的专刊文章指出:"中国工商银行通过     

面孔

The Banker July,2013《银行家杂志》7月刊:全球1000家大银行英国《银行家》杂志公布的2013年"全球1000家大银行"排名榜单中,有96家中资银行上榜。在一级资本规模排名当中,工商银行击败了美国银行以及摩根大通,坐上头把交椅。     

工行一级资本跃居全球银行首位

2013年7月1日,英国《银行家》公布了最新的全球1000家大银行排名榜单。按照一级资本排名,中国工商银行居全球银行首位。这也是该榜单出炉近100年来亚洲银行首次登顶。《银行家》杂志公布的数据显示,工行2012年15%的资本增长使其从上年的第三位跃升至首位。而去年排名第一的美国银行降至第三,摩根大通仍稳居第二     

从国际排名看中外银行竞争力的差距

英国《银行家》杂志公布了一年一度的世界1000家银行的最新排名。本文从近两年《银行家》杂志的排名入手，简略分析银行竞争力。分析认为：从国际看，体现出强者更强的趋势．世界前50位的银行中只有三家新银行进入；从我国看，我国银行整体实力下降,中资银行没有一家进入前10强。从比较看，我国银行的问题依然是经营业绩低下．风险程度较高。     

我国国有银行竞争力的简略评估和战略分析

一、国有银行竞争力的整体评估 在英国《银行家》杂志中,按照一级资本的世界1000强银行排名中,我国四大国有银行的名次如下: 若单看按资本规模的排名,我们可能会被简单的数字所蒙蔽.中国人民银行在去年七月份,对中外资商业银行的竞争力进行了一次比较研究,研究结果恰恰说明了这一点.     

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…     

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.     

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.     

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…     

银行管理信息平台建设发展的思考

一、目前国内银行IT发展现状及面临的问题 银行数据集中工作的完成,标志着银行的业务由电子化建设阶段转入信息化建设阶段.一方面银行数据的集中提供了丰富全面的基础数据,面对日益庞大的数据源,如何将数字转化为对银行有用的信息,并从中发现知识,为银行的经营决策提供支持,是摆在银行IT人员面前的一个亟待解决的问题.另一方面用户对银行信息的需求日益增长,如果银行没有一套完整、实用的信息管理系统,将对业务发展非常不利.南京爱立信公司倒戈花旗银行事件曾经轰动一时,其中一个重要原因就是中国本地银行不能满足爱立信全球总部对南京爱立信公司的要求:每周财务上报和每天贷款限额管理.这一事件为中国商业银行的未来发展敲响了警钟,如果不加快管理信息系统的开发,迅速提升业务管理水平,类似的事件还会接连不断地发生,并最终导致国内商业银行在同国外商业银行的竞争中全面溃败.     

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.