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The Public Banks and People's Bank of China: Confronting
Chapter 13 Godfrey Yeung THE PUBLIC BANKS AND PEOPLE’S BANK OF CHINA: CONFRONTING COVID-19 (IF NOT WITHOUT CONTROVERSY) he outbreak of Covid-19 in Wuhan and its subsequent dom- ino effects due to the lock-down in major cities have had a devastating effect on the Chinese economy. China is an Tinteresting case to illustrate what policy instruments the central bank can deploy through state-owned commercial banks (a form of ‘hybrid’ public banks) to buffer the economic shock during times of crisis. In addition to the standardized practice of liquidity injection into the banking system to maintain its financial viability, the Chi- nese central bank issued two top-down and explicit administra- tive directives to state-owned commercial banks: the minimum quota on lending to small- and medium-sized enterprises (MSEs) and non-profitable lending. Notwithstanding its controversy on loopholes related to such lending practices, these pro-active policy directives provide counter-cyclical lending and appear able to pro- vide short-term relief for SMEs from the Covid-19 shock in a timely manner. This has helped to mitigate the devastating impacts of the pandemic on the Chinese economy. 283 Godfrey Yeung INTRODUCTION The outbreak of Covid-19 leading to the lock-down in Wuhan on January 23, 2020 and the subsequent pandemic had significant im- pacts on the Chinese economy. China’s policy response regarding the banking system has helped to mitigate the devastating impacts of pandemic on the Chinese economy. Before we review the measures implemented by the Chinese gov- ernment, it is important for us to give a brief overview of the roles of two major group of actors (institutions) in the banking system. -
China Construction Bank 2018 Reduced U.S. Resolution Plan Public Section
China Construction Bank 2018 Reduced U.S. Resolution Plan Public Section 1 Table of Contents Introduction .................................................................................................................................................. 3 Overview of China Construction Bank Corporation ...................................................................................... 3 1. Material Entities .................................................................................................................................... 4 2. Core Business Lines ............................................................................................................................... 4 3. Financial Information Regarding Assets, Liabilities, Capital and Major Funding Sources .................... 5 3.1 Balance Sheet Information ........................................................................................................... 5 3.2 Major Funding Sources ................................................................................................................. 8 3.3 Capital ........................................................................................................................................... 8 4. Derivatives Activities and Hedging Activities ........................................................................................ 8 5. Memberships in Material Payment, Clearing and Settlement Systems ............................................... 8 6. Description of Foreign Operations ....................................................................................................... -
Reports and Financial Statements 2014
REPORTS AND FINANCIAL STATEMENTS 2014 Report and Consolidated financial statements of the Bipiemme Group at 31 December 2014 Approved by the Supervisory Board on 17 March 2015 Co-operative Bank founded in 1865 Parent Company of the BPM - Banca Popolare di Milano – Banking Group Share capital at 31.12.2014: Euro 3,365,439,319.02 Milan Companies Register No. 00715120150 Enrolled on the National Register of Co-operative Companies No. A109641 Registered Office and General Management: Piazza F. Meda, 4 – Milan www.gruppobpm.it Member of the Interbank Guarantee Fund Registered Bank and Parent Company of the BPM – Banca Popolare di Milano - Registered Banking Group 2014 This English version is not an official translation and is not a substitute for the original Italian document. It is for informational purposes only and has been prepared solely for the convenience of international readers. Contents Directors and Officers, General Management and Independent Auditors 9 Notice of Ordinary General Meeting 11 Report and Consolidated financial statements of the Bipiemme Group Year 2014 17 Key figures and ratios of the Bipiemme Group 19 Structure of the Bipiemme Group 20 General aspects 21 Consolidated reclassified balance sheet 22 Consolidated reclassified balance sheet – quarter by quarter 23 Consolidated reclassified income statement 24 Consolidated reclassified income statement – quarter by quarter 25 Key figures 26 Key ratios 27 Consolidated reclassified income statement, net of non-recurring items 28 Report on operations of the Bipiemme Group -
Financial Aid
FINANCIAL AID Financial Aid Resources for International Students This list is a collection of financial aid scholarship resources that may help with financing options. If you have any questions or concerns, please contact the Wharton MBA Financial Aid Office at 215-898-8728 or by email at [email protected]. All International Students: • Aga Khan Foundation: The Aga Khan Foundation provides a limited number of scholarships each year for postgraduate studies to outstanding students from developing countries who have no other means of financing their studies. Scholarships are awarded on a 50% grant/50% loan basis. http://www.akdn.org/akf_scholarships.asp • American Scandinavian Foundation: The ASF's award program for study and research abroad has been the Foundation's most long-standing commitment. During the past 90 years, over 3,500 fellowships and grants have been given to Americans and Scandinavians engaged in educational exchange projects. http://www.amscan.org/fellowships_grants.html • Institute of International Education (liE): liE, which seeks to foster educational exchange, has great resources for international students. http://www.iie.org/Students • International Education Financial Aid (IEFA): IEFA is the premier resource for financial aid, college scholarship, and grant information for US and international students wishing to study abroad. At this site, you will find the most comprehensive college scholarship search and grant listings, plus international student loan programs and other information to promote study abroad. http://www.iefa.org/ • International Research and Exchanges Board: I REX administers various fellowships for non-degree studies as well as one- and two-year graduate degree studies in the US for foreign nationals within areas of study. -
Banco Popolare Group at a Glance
GroupGroup Presentation Presentation November 2014 Banco Popolare Group at a glance Creation. Banco Popolare was established on 1st July 2007 from the merger between Banco Popolare di Verona e Novara and Banca Popolare Italiana. Size. Today, Banco Popolare is the 1st Italian cooperative bank by number of branches (1,919) and the 4th largest Italian bank by total assets (€126bn). Market Share. Excellent geographical position, with an average branch market share of 10% in the main regions in northern Italy and a deeply rooted local network. Business. Core business focused on retail and SME customers. 2 Banco Popolare Group at a glance Liquidity and Funding Capital position Strong support from the Group’S retail networks, which €1.5bn capital increase successfully completed in April 2014. provides 83% of the total customer funding, thereby limiting Comprehensive Assessment passed with a wide margin, thanks any reliance on the wholesale market. to the capital strengthening measures already carried out in Loan to Deposit ratio(i) at 95.9%. H1 2014: Excellent liquidity profile thanks to the significant amount of . CET1 ratio post AQR: 11.50%, unencumbered assets eligible with the ECB, equal to about . CET1 ratio post Stress baseline: 10.26% €14bn as at 31/10/2014. CET1 ratio post Stress adverse: 8.29% Liquidity ratios already in line with Basel 3 required targets: Capital ratios as at 30/09/2014 Basel 3 (pro forma)*: LCR > 100% and NSFR equal to ~100%. CET1 (Phase-in): 13.9% CET1 (Fully Loaded): 11.9% Note: (i) Net cutomer loans excluding REPOs / Total direct funds excluding REPOs * Including 18bps from the merger of Italease (to be completed in Q1 2015). -
Evolución De Los Principales Grupos Bancarios Españoles (2009-2021)
Evolución de los principales grupos bancarios españoles (2009-2021) Intervenida por BE (sustitución de administadores) Capital controlado por el FROB Integración SIP Constitución del banco 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Integration processes I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Santander Santander Banco Popular Banco Popular Banco Pastor BBVA Caixa Sabadell BBVA Caixa Terrasa Unnim Unnim Banc Caixa Manlleu BBVA Caixa Catalunya Caixa Tarragona Catalunya Caixa Catalunya Banc CX Caixa Manresa La Caixa Caixa Girona La Caixa Caixabank Caja Sol Caja Guadalajara Caja Sol Caixabank Caja Navarra Banca Cívica Caja Burgos Banca Cívica Caixabank Caja Canarias Banco de Valencia Banco de Valencia Caja Madrid Bancaja Caixabank Caja de Ávila Caja Segovia BFA-Bankia Caja La Rioja Caixa Laietana Caja Insular de Canarias Bankia Caja Murcia Caixa Penedés Caja Granada Mare Nostrum Banco Mare Nostrum BMN Sa Nostra Banco Sabadell Banco Guipuzcoano Banco Sabadell Banco Sabadell Caja de Ahorros del Mediterráneo CAM Banco CAM Banco Sabadell Banco Gallego (Grupo NCG) Banco Gallego Bankinter Bankinter Unicaja Caja Jaén Unicaja Unicaja Banco Caja Duero Unicaja Banco Caja España Caja España de Inversiones Banco CEISS Cajastur Unicaja CCM CCM Cajastur Banco Caja Cantabria Liberbank Liberbank Caja Extremadura Caja de Ahorros Inmaculada CAI Caja Círculo Católico de Burgos Caja 3 Banco Grupo Caja 3 Caja Badajoz Ibercaja Banco Ibercaja Ibercaja Banco Kutxa Caja Vital BBK BBK Kutxabank Kutxabank CajaSur CajaSur Banco Etcheverría Caixa Galicia Abanca Caixa Nova Novacaixagalicia NCGBanco Evo Banco C.R. -
2017 Annual Report 1 Definitions
* Bank of Jinzhou Co., Ltd. is not an authorized institution within the meaning of the Banking Ordinane (Chapter 155 of the Laws of Hong Kong), not subject to the supervision of the Hong Kong Monetary Authority, and not authorized to carry on banking and/or deposit-taking business in Hong Kong. Contents 2 Definitions 4 Chapter 1 Company Profile 7 Chapter 2 Financial Highlights 10 Chapter 3 Chairman ’s Statement 12 Chapter 4 President’s Statement 14 Chapter 5 Management Discussion and Analysis 71 Chapter 6 Changes in Ordinary Shares and Particulars of Shareholders 77 Chapter 7 Particulars of Preference Shares 79 Chapter 8 Directors, Supervisors, Senior Management, Employees and Organizations 98 Chapter 9 Corporate Governance Report 119 Chapter 10 Directors’ Report 127 Chapter 11 Supervisors’ Report 130 Chapter 12 Social Responsibility Report 132 Chapter 13 Internal Control and Internal Audit 136 Chapter 14 Important Events 139 Chapter 15 Independent Auditor’s Report 149 Chapter 16 Financial Statements 269 Chapter 17 Unaudited Supplementary Financial Information Bank of Jinzhou Co., Ltd. 2017 Annual Report 1 Definitions In this annual report, unless the context otherwise requires, the following terms shall have the meanings set out below: “A Share Offering” the Bank’s proposed initial public offering of not more than 1,927,000,000 A shares, which has been approved by the Shareholders on 29 June 2016 “Articles of Association” the articles of association of the Bank, as the same may be amended from time to time “the Bank”, “Bank of Jinzhou” -
A Valued Partner for Real Estate Investment and Financing a Global Investment Manager / 1
A VALUED PARTNER FOR REAL ESTATE INVESTMENT AND FINANCING A GLOBAL INVESTMENT MANAGER / 1 Cadim is a global investment manager that focuses on a wide range of real estate equity and financing products in association with prominent partners. Cadim distinguishes itself by its flexibility, creativity, ability to adapt to specific market needs and practices designed to promote effective partnerships. The constant monitoring of target markets throughout the world and the unparalleled expertise of our teams allow Cadim to act quickly on promising business opportunities and optimize returns on investments to achieve maximum added value. A TALENTED TEAM, A UNIQUE SET OF STRENGTHS / A multidisciplinary group of professionals whose expertise and innovative spirit enable them to bring complex transactions to fruition / In-depth knowledge of new markets and products / Efficient decision-making processes and quick turnaround / Willingness to explore all possible alternatives before settling on the terms of a deal / Solid commitment to its partners TOtaL assets UNDER MANAGEMENT: C$36.3 BILLION * As at December 31, 2006 PARTNERSHIP THE KEY TO SUCCESS / 3 AN APPROACH FOCUSED ON VALUE CREATION The driving force behind Cadim is our dedication to creating value. We concentrate primarily on investing in high-growth markets, sectors and products, usually over a three- to five-year horizon. Our vast network of strategic partners, offices and affiliates is instrumental in seeking out and tapping into business opportunities that meet these objectives, mostly by way of an investment program established in advanced. / 4 A STRATEGY ROOTED IN PARTNERSHIP Partnership is one of the most important keys to success at Cadim. -
Bridging Worlds: Buddhist Women's Voices Across Generations
BRIDGING WORLDS Buddhist Women’s Voices Across Generations EDITED BY Karma Lekshe Tsomo First Edition: Yuan Chuan Press 2004 Second Edition: Sakyadhita 2018 Copyright © 2018 Karma Lekshe Tsomo All rights reserved No part of this book may not be reproduced or utilized in any form or by any means, electronic or mechanical, or by any information storage or retreival system, without the prior written permission from the publisher, except in the case of brief quotations. Cover Illustration, "Woman on Bridge" © 1982 Shig Hiu Wan. All rights reserved. "Buddha" calligraphy ©1978 Il Ta Sunim. All rights reserved. Chapter Illustrations © 2012 Dr. Helen H. Hu. All rights reserved. Book design and layout by Lillian Barnes Bridging Worlds Buddhist Women’s Voices Across Generations EDITED BY Karma Lekshe Tsomo 7th Sakyadhita International Conference on Buddhist Women With a Message from His Holiness the XIVth Dalai Lama SAKYADHITA | HONOLULU, HAWAI‘I iv | Bridging Worlds Contents | v CONTENTS MESSAGE His Holiness the XIVth Dalai Lama xi ACKNOWLEDGMENTS xiii INTRODUCTION 1 Karma Lekshe Tsomo UNDERSTANDING BUDDHIST WOMEN AROUND THE WORLD Thus Have I Heard: The Emerging Female Voice in Buddhism Tenzin Palmo 21 Sakyadhita: Empowering the Daughters of the Buddha Thea Mohr 27 Buddhist Women of Bhutan Tenzin Dadon (Sonam Wangmo) 43 Buddhist Laywomen of Nepal Nivedita Kumari Mishra 45 Himalayan Buddhist Nuns Pacha Lobzang Chhodon 59 Great Women Practitioners of Buddhadharma: Inspiration in Modern Times Sherab Sangmo 63 Buddhist Nuns of Vietnam Thich Nu Dien Van Hue 67 A Survey of the Bhikkhunī Saṅgha in Vietnam Thich Nu Dong Anh (Nguyen Thi Kim Loan) 71 Nuns of the Mendicant Tradition in Vietnam Thich Nu Tri Lien (Nguyen Thi Tuyet) 77 vi | Bridging Worlds UNDERSTANDING BUDDHIST WOMEN OF TAIWAN Buddhist Women in Taiwan Chuandao Shih 85 A Perspective on Buddhist Women in Taiwan Yikong Shi 91 The Inspiration ofVen. -
Inclusive Mobility: Improving the Accessibility
Inclusive Mobility: Improving the Accessibility Public Disclosure Authorized of Road Infrastructure through Public Participation East Asia and Pacific Region Transport, This note describes a number of innovations taken by some Chinese cities, in particular Jinzhou, Liaoning Province, to ensure that urban transport systems are more accessible for the mobility-challenged. Public participation by disabled residents in Liaoning Province in northeast China has increased awareness and consideration for special needs in the design and implementation of road infrastructure. Jinzhou has convened a series of meetings inviting public participation on the issue of improving traffic infrastructure for use by disabled people. With the introduction of some low or no-cost features, the principle of “people first” for urban transport has Public Disclosure Authorized been put into practice. People with mobility impairments in cities around the world have long struggled to have their special needs accommodated in the design of urban infrastructure. The quality of life for citizens is reduced when they cannot take full advantage of roads, sidewalks and other transport facilities. Recently, significant progress has been made in the developed world to consider the needs of those with full or partial disabilities such as blindness and paralysis by implementing a number of features including textured pavements, curb cuts, safety islands, countdown and audible crossing signals. The World Bank has been working with various clients in China to identify ways to effectively introduce public participation in the infrastructure planning and implementation process. A structured Public Disclosure Authorized consultation process can help with particular needs, especially those of pedestrians, bicyclists, and other vulnerable road users that require special attention to detail and coordination between multiple agencies such as designers, builders, operators, maintenance, and law enforcement officials. -
10 DS Huangshan, Jiuhuashan, Wuyuan,Xidi Village + Zhejiang Fenghua Comprehensive Tour TOUR CODE: SHA10S
1 Park Road, #02‐11 People’s Park Complex, Singapore 059108 Tel: 6438 7478 Fax: 6438 9794 www.newaytravel.com.sg 10 DS Huangshan, Jiuhuashan, Wuyuan,Xidi Village + Zhejiang Fenghua Comprehensive Tour TOUR CODE: SHA10S Exclusive Bonus Attraction: Return Cable Car, Sunrise at Huangshan, 2 Night Accommodation ( Mountain Front 1 Night + Mountain Rear 1 Night) Effortless Tour: No designated shopping itinerary, no additional expenseS Excellent Accommodation: 5* Hotel for entire trip (or local best) Various styles of cuisine for the entire journey: Shanghai Xiaolongbao, Dai style dance feast, Huangshan Anhui Cuisine, Wuyuan farm cuisine, Jiuhua vegetarian feast, Hangzhou Dongpo feast, Beggar Chicken, Fenghua Taro Cuisine, Ningbo Seafood Cuisine. Jiangnan Classic Attractions: Shanghai, Huangshan, Jiuhuashan, Xidi (Huizhou Ancient Village) Hangzhou, Ningbo, Fenghua Day 1: Singapore Shanghai (D) Accommodation: Howard Johnson Hotel Shanghai or similar 5* Departing from Singapore Changi Airport to China’s largest city, Shanghai, known as the “Pearl of Far East, Orient Paris”. Upon arrival, transfer to visit the famous bund of shanghai, or more commonly known as “Shanghai Tan”. Located at central Shanghai, it runs along the western bank of the Huangpu River, facing Pudong, in the eastern part of Huangpu District. The Shanghai Bund has dozens of historical buildings, lining the Huangpu River that once housed numerous banks and trading houses from countries such as United Kingdom, the United States, Europe and Japan. Surrounding the Huangpu River are significant architectures such as Pudong’s Pearl of the Orient, Jinmao Tower, Shanghai Centre, Shanghai World Financial Centre, Super Brand Mall, which are tourist spots not to be missed. -
錦州銀行股份有限公司 Bank of Jinzhou Co., Ltd
英文版-左_6_OP.pdf 1 21/11/15 上午3:42 C M Y CM MY CY CMY K IMPORTANT If you are in any doubt about any of the contents of this prospectus, you should obtain independent professional advice. 錦州銀行股份有限公司 Bank of Jinzhou Co., Ltd.* (a joint stock company incorporated in the People’s Republic of China with limited liability) GLOBAL OFFERING Number of Offer Shares under the : 1,320,000,000 H Shares (comprising Global Offering 1,200,000,000 H Shares to be offered by our Bank and 120,000,000 Sale Shares to be offered by the Selling Shareholders, subject to the Over-allotment Option) Number of International Offer Shares : 1,188,000,000 H Shares (subject to adjustment and the Over-allotment Option) Number of Hong Kong Offer Shares : 132,000,000 H Shares (subject to adjustment) Maximum Offer Price : HK$5.54 per H Share, plus brokerage fee of 1%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars and subject to refund) Nominal value : RMB1.00 per H Share Stock code : 416 Sole Sponsor Joint Global Coordinators Joint Bookrunners and Joint Lead Managers Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus.