Cooperation Satisfaction and Performance： Empirical Evidence from Chinese Banks and Their Foreign Strategic Investors

In this paper, we investigate whether the mutual satisfaction of Chinese banks and foreign strategic investors （FSI） in terms of their cooperation with each other affects the performance of Chinese banks＇. Since 2004, China ＇s banking authority has conducted an annual survey on Chinese banks and their FSI, assessing levels of mutual satisfaction in terms of their cooperation. We use these survey results to examine the effects of satisfaction levels on the profitability of Chinese banks. Our results reveal that satisfaction affects profitability; that is, satisfied foreign investors and Chinese banks yield better performance. Satisfaction determinants for each party are also examined. Although the profitability of Chinese banks does not show a significant effect on the satisfaction of either party, bank loan to deposit ratios, regions of FSI home countries, and the type of Chinese banks＇ are important factors that might affect satisfaction.     

The Attitude of Developed and Developing Countries Towards the Kyoto Protocol and the Case of Turkey

The problem of global climate change is one of the biggest present-day global problems. This problem, which has become a current issue because of the energy crisis that happened in 1970s, as well as growing awareness of environment, have not only changed the notion of development but also led to a transformation of non-renewable energy resources. Due to rapid population growth, the depletion of the non-renewable energy resources and the raising consciousness about global climate change our comprehension of traditional development has yielded to sustainable development, while energy structure and preferences have also changed from non-renewable energy resources to renewable energy resources. As this changed pattern and problem are global, they have removed the borders among governments, required international cooperation and thus, new international actors have stepped in. In this study, the countries are divided into two parts as developed countries and developing countries. As developed countries; USA and EU countries are selected while China and India are selected as developing countries. Also as a developing country, Turkey＇s energy and climate policies, attitude towards the Kyoto Protocol signed within the scope of United Nations and the positive and the negative effects of the Protocol on the country are investigated. In this sense, it has been observed that the question of whether or not the Protocol contributes to the economy of developing countries correlates with whether or not these countries are on the side of the Protocol and it has also been observed that being on the side of the Protocol is not a threat to Turkey＇s development. If applied correctly, the policies that Turkey will pursue within the scope of the Protocol will help the country to reduce foreign energy dependency and cooperate with other countries. A comparative method is used in this paper.     

The Reason of Herding Behavior： A Positive Study of the Performance of Mutual Funds in Period

This paper studies the masons behind the herding of mutual funds. We examine five hypotheses： herding based on private information, herding based on public information, herding because of following leaders, herding because of window dressing, and herding resulting from adopting momentum trading strategy. We employ intra-day transaction data and design test methodology to distinguish the validity of each hypothesis. We find that mutual funds herd mainly because they possess similar private information.     

Analysis of China＇s Renewable Energy Development under the Current Economic and Technical Circumstances

At present, the development of renewable energy relies mainly on government support. The government invests in a considerable number of projects to improve public welfare and to assist in poverty relief If China is to replace fossil fuels on a large scale with renewable energy sources, the production costs and prices of renewable energy must be brought down. All countries are facing the challenge of moving to a more secure and low-carbon energy system without weakening economic and social development. In this regard, China is facing an even greater challenge in terms of economic cost, as cheap coal remains the main energy form. Technical innovation and industrialization in the area of renewable energy is an important means of lowering cost. China is in for a period of high-speed development of its economy and the rising demand for energy is irreversible. If the technical progress and development speed of renewable energy lags behind the growth in demand, it will be difficult to realize the improvement of its energy structure.     

Analysis of CEPA＇s Impact on CAFTA

This paper discusses the different effects of CEPA and CAFTA on China＇s participation of regional economic integration. Then it analyses the two impact mechanisms of CEPA on CAFTA： amending the similarity of industry structure of China and ASEAN; acting as a proving ground for regional economic cooperation of CAFTA.     

The Choice of the Way for China＇s Economic Sustainable Development under the Restrictions of Energy Resources

Energy restrictions are becoming the restrictions on China＇s industrialization and economic sustainable development. This paper states the scientific role of China＇s economic sustainable development mode and makes concrete polices and suggestions about freedom of energy restrictions and the establishment of Mode C based on empirical research on the series of indices for energy measurement.     

China＇s Industrialization and Reduction of Greenhouse Emissions

Over the past two decades, the size of the Chinese economy has more than quadrupled and the energy consumption more than doubled. The drive for further industrialization over the next two decades will continue the trend on a much larger scale. The net increase in emissions from 1990 to 2001 amounted to 823 million tons of COy accounting for 27 percent of the world‘s total. Energy supply and security constitute key constraints to industrialization and,therefore, the mitigation of emissions can in fact contribute to the achievement of development goals. Many actions can be taken to balance industrialization and reduction of emissions.As a large and rapidly growing market, China shares many opportunities with European partners for business cooperation and joint efforts for the reduction of emissions through clean development mechanisms and other bilateral initiatives.     

Growing Economic Interdependence of China and the Gulf Cooperation Council

The six nations of the Gulf Cooperation Council （GCC） have approximately 40percent of total proven oil reserves as well as 23 percent of the world＇s gas reserves. Although rising oil revenues have led to greater outward investment flows, there is also a growing need for significant expansion of the domestic energy sector＇s capacity. Meanwhile, China＇s sustained economic boom has resulted in China emerging as the world＇s second largest consumer and importer o foil, with close to 40percent of its import demand presently sourced from the GCC. This share will grow significantly in the future. Commercial relations between the GCC and China have to date been dominated by energy-related bilateral investment flows and China＇s oil imports. Although this will continue to be a central feature, trade and investment links in non-energy areas will further broaden and deepen the relationship. China ＇s relationship with the USA in terms of energy is also emerging as a major issue. Rather than being competitors, a mutual dependence on stable and secure supplies from the GCC highlights the need for a cooperative relationship.     

International Accounting Firms in China— An Empirical Research on Competition and Cooperation

This article bases on game theory, analyzing the pattern of competition and cooperation of domestic accounting firms and international accounting firms in the view of asymmetric information game. The authors will use empirical research method to analyze equilibrium associating the auditing marketing situations, and give some points on Chinese accounting market development strategy in face of the world＇s challenges.     

Considering on continuing education of enterprises cultivating innovative talents

Based on the needs of the personnel training in business development, mls arucie nas researched the advantages of continuing education of the enterprises cultivating the innovative talents, and has proposed the new ideas of continuing education of the enterprises cultivating the innovative talents and cooperation between enterprises and universities to carry out continuing education and cultivate innovative talents.     

日本的能源战略体系

日本是世界第二能源消费大国，而日本自然资源极其匮乏。为了保障能源供应，日本制定了明确的能源政策目标，并围绕着能源政策目标的实现制定和实施了一系列能源战略，形成了一个具有鲜明特色的能源战略体系，在能源储备、能源进口渠道多元化和能源开发方面取得了显著成效，提高了本国的能源安全度，为世界其他国家，尤其是中国解决迫在眉睫的能源安全问题提供了宝贵的经验。     

以色列的能源政策及其对我国的启示

以色列注重加强能源立法、积极推进能源多元化、大力开发新能源、研发高新技术、扶持能源产业、倡导节能,形成了独具特色的能源政策。近年来,我国的能源问题日益突出,应借鉴以色列能源政策的成功经验,从战略上高度重视能源问题、推进能源法律制度建设、实施能源建设多元化、加强科技创新、大力开发新能源、积极营造节约能源的社会氛围,确保我国的能源安全。     

镇级可再生能源多能互补耦合供能研究

随着城市化推进,镇域经济体的能源结构发生变化,因社会可持续发展需要,提高可再生能源渗透率备受关注.以能量四环节理论作为能源研究方法,构建涵盖"源-网-荷-储"技术环节的终端一体化供能系统.利用能量四环节理论规划设计了江苏省盐城市黄海湿地特色小镇.案例研究表明:可再生能源能够实现镇级区域能源基本自治;可打通"发-输-配-用-售"环节,实现镇级能源互联网;环境与社会效益较好,经济性较差.特色小镇全可再生能源多能互补耦合供能可作为城市化过程中新的供能模式之一.     

吉林省新能源产业发展现状与前景展望

吉林省的风能、太阳能、生物质能、地热能和油页岩等新能源具有储量丰富等优势,并且在某些领域的技术研发和利用方面已经取得了积极进展,但同时也存在开发利用水平低、综合利用差等问题。文章认为,在国家大力推进新能源产业发展并给予强有力支持的背景下,新能源产业只有广阔的发展前景,吉林省应通过推广能源技术装备研发平台、科技产业园和制造研发基地建设、支持重点企业节能技术等措施促进新能源产业的快速发展。     

能源问题、环境污染与“节能减排”

本文就能源危机和环境污染现状做了阐述,并就如何尽快的转变生产方式、生活和消费方式,如何让节能减排成为全社会的自觉行动作了总结。     

Shallow Discussion about Our Country Construction on the Development of Energy Saving

Development of the energy saving construction in our country is urgent, the energy situation of our country is quite stem, and it will be alleviate in the next long time. In order to make our national economy continually and sustainably and coordinately develop, and improve the environment quality, our country must save the use of energy. The reason of energy conservation is that the energy problem was related to the Chinese economy development already. This paper aims at the energy problem of our country now existing, and proposes countermeasures to construct the energy conservation work.     

Energy Restructuring in China： Retrospects and Prospects

Thirty years have passed since China first adopted the policy of reform and opening up to the outside. Reviewing and appraising the advantages and disadvantages of the government＇s energy restructuring policy in the intervening years is of great importance to the consideration of future reform and opening-up efforts in this industry. Energy production and supply have been a major part of the national economic restructuring. In this paper, the author proceeds from three angles to review and assess the reform and opening-up efforts in the energy industry, and suggests some direction and priorities for its restrueturing in the future.     

我国的能源形势与和平发展战略

能源问题已经成为我国和平发展和经济持续快速发展中必须要解决的瓶颈问题。文章对日益严峻的国际国内能源形势进行了分析,认为紧张的能源形势增加了我国和平发展的紧迫性;对和平发展下的中国能源解决方案进行了探讨,提出只有通过优化能源结构,大力发展水电等可再生能源,合理利用国内国外两种资源,并完善相关的能源储备,才能缓解能源的紧张局面,而节能减排、提高能源利用效率则是根本解决我国能源问题的必由之路。     

Regional Differences in China＇s Energy Efficiency and Conservation Potentials

This paper investigates the maximum energy efficiency level and the energy saving potentials in each region in China that can be practically attained at current economic and technological development levels. Most of the nation's energy efficient provinces are found along the coast of southeast China, while most of its least energy efficient provinces are in the hinterland that is rich in coal resources, and which depends heavily on coal consumption. China's low efficiency in energy resource allocation stems from its secondary industry, which is handicapped by the lowest energy efficiency and the most striking regional differentials. A comparison of the factors affecting the energy efficiency shows that the provinces being compared in this study differ tremendously in energy consumption structure, technological level of the secondary industry, and abundance of energy resources, and that the other factors are only adequate, rather than necessary, conditions. It is imperative to rectify the behaviors of provinces in balancing local energy allocation, to channel energy resources to energy efficient provinces, and to improve the national energy efficiency as a whole. When taking energy‐saving steps, provinces must take into full consideration both the national and local factors that affect energy efficiency. Furthermore, it is unrealistic for China to set a unified energy saving goal for different provinces. (Edited by Xinyu Fan)     

能源互联网在我国的发展趋势和商业机会分析

能源互联网是第三次工业革命的代表性产物,是人类历史发展的必然结果,也是我国能源的重要战略发展方向。通过对能源互联网的分析,结合我国能源互联网技术和产业现状总结出未来能源互联网产业发展趋势,并展望我国能源互联网的商业机会。我国能源互联网的趋势包括：天然气分布式能源、分布式光伏、能源互联网大数据、纯电动汽车等。由此分析得出我国能源互联网三大主要商业机会：大数据能源服务产业、分布式能源互联网产业和新能源汽车产业。