Government accounting with Chinese characteristics and challenges

This paper explains the Chinese government's decision to adopt accrual accounting by referring to an ancient Chinese strategy of governing. It also provides a rationale for whole-of-government financial reports in China's current fiscal context. The nature of the existing government accounting system is described and the technical and implementation challenges in achieving the goals of the ambitious reform agenda are identified. The country's unique institutional structure makes it necessary to craft a system of government accounting and reporting with Chinese characteristics.     

A comparison of debt measures in fiscal statistics and public sector financial statements

This paper examines the differences between measures of debt used to analyse a government's financial position. It compares the statistical and accounting approaches and presents a way of reconciling the two statements: thereby identifying possible convergence between GPFS and GFS. In doing so, it contributes to the ongoing international debate on harmonization of public sector accounting standards, such as IPSAS/EPSAS and GFS.     

公平视域下机关事业单位养老保险新政的功效分析

2015年1月国务院出台了机关事业单位养老保险新政,将机关事业单位工作人员与企业职工基本养老保险制度"并轨"。本文在围绕起点、过程、结果三个维度对新政出台前我国基本养老保险公平情况进行研究的基础上,分析新政带来的一定程度上促进基本养老保险公平发展、推动补充养老保险发展、促进人员合理流动的直接功效,并且进一步对职业年金的建立倒逼企业年金的发展,企业年金的发展倒逼基本养老保险公平发展的潜在功效进行了剖析。在此基础上,构建出底线公平养老保险体系的过渡性结构,随着政府财政支付社会统筹账户养老金能力的提高,这一结构最终应发展成为真正意义上底线公平养老保险体系的目标结构。     

Analyzing the state-accounting profession dynamic: Some insights from the professionalization experience in China

The dynamic nature of the state-accounting profession relationship has been mostly explored within a western democratic and capitalist context. Taking into account the unique culture and the system of power in China, this paper contributes by examining the influence of the state over the Chinese public accounting profession during the 1990s. Utilizing a corporatist framework and combined with Gramsci’s concept of hegemony, this paper provides insights into the power relation between the state and the accounting profession, as well as illuminates the ideological influence of the state in the development of the profession. The empirical investigation also pays particular attention to the intra-professional conflicts that took place in the 1990s and provides further insights into the dynamic of the state-accounting profession relationship in that era.     

From the bird's eye to the microscope: A survey of new stylized facts of the intra-daily foreign exchange markets

This paper presents stylized facts concerning the spot intra-daily foreign exchange markets. It first describes intra-daily data and proposes a set of definitions for the variables of interest. Empirical regularities of the foreign exchange intra-daily data are then grouped under three major topics: the distribution of price changes, the process of price formation and the heterogeneous structure of the market. The stylized facts surveyed in this paper shed new light on the market structure that appears composed of heterogeneous agents. It also poses several challenges such as the definition of price and of the time-scale, the concepts of risk and efficiency, the modeling of the markets and the learning process.