Department of Economics
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Preliminary Thesis Outline
THE PENNSYLVANIA STATE UNIVERSITY SCHREYER HONORS COLLEGE DEPARTMENT OF ECONOMICS LOCAL GOVERNMENT FINANCING VEHICLES (LGFVS) – A LENS OF THE POTENTIAL FINANCIAL INSTABILITY IN CHINA YIYANG ZENG SRPING 2014 A thesis submitted in partial fulfillment of the requirements for baccalaureate degrees in economics and sociology with honors in economics Reviewed and approved* by the following: Ruilin Zhou Associate Professor of Economics Thesis Supervisor Russell Chuderewicz Senior Lecturer of Economics Honors Adviser * Signatures are on file in the Schreyer Honors College. i ABSTRACT China has experienced rapid credit expansion since late 2008 as the result of its response to the 2007-2009 global financial crisis. The stimulus plan offered by the central government has significantly encouraged local governments’ borrowing and infrastructure spending. Due to the limited funding sources, the local governments have been heavily dependent on a peculiar financing form called the Local Government Financing Vehicle (LGFV) to help finance their investments. However, despite the short-term positive effects, the expansion of LGFVs has implanted critical risks and vulnerabilities in China’s economic system. The obscure and sophisticated relationships among the local governments, the LGFVs, the commercial banks and other financial institutions, and the investors are unsustainable in the long run. Without active policy reforms, the LGFV financing will bring unbearable debt burdens to local governments in a few years. As a result, measures have to be taken to prevent the financial position of the local governments from further deteriorating and to consolidate the safety of China’s financial system. Keywords: Credit, local government, LGFV, debt, wealth management products, bond, financial crisis ii TABLE OF CONTENTS List of Figures ............................................................................................................. -
List of Qualification Abbreviation
List of Qualification Abbreviation List of Qualification Abbreviation Contents Undergraduate ...................................................................................................................................1 Bachelor's degrees ..........................................................................................................................1 Foundation degrees ........................................................................................................................2 Post-graduate.....................................................................................................................................2 Postgraduate degrees .....................................................................................................................2 Master's degrees ............................................................................................................................3 Doctor's degrees.................................................................................................................................4 Professional doctorates...................................................................................................................4 Intermediate doctorates .................................................................................................................4 Higher doctorates ...........................................................................................................................5 Undergraduate Bachelor's degrees BA - Bachelor of -
Tips/Tricks: a Guide to Being Course 14 at MIT
Tips/Tricks: A Guide to Being Course 14 at MIT Undergraduate Economics Association February 14, 2021 1 Contents 1 Overview 3 2 Getting Involved 3 2.1 Majoring in Course 14........................................3 2.2 Minoring in Course 14........................................3 2.3 Concentrating in Course 14.....................................3 3 Classes 3 3.1 Where to start?............................................3 3.2 Common Course Substitutions...................................4 3.3 Course Reviews............................................4 3.4 Thesis (14.THU)...........................................4 4 UROPs 5 4.1 Getting a UROP...........................................5 4.2 How do I UROP...........................................5 4.3 Leaving a UROP...........................................6 5 Internships 6 5.1 Winter Externships..........................................6 5.2 Summer Opportunities........................................6 6 Career Paths 7 6.1 Economic Consulting.........................................8 6.2 Management Consulting.......................................8 6.3 Government/Policy/Nonprofits/NGOs...............................8 6.4 Graduate School in Economics...................................8 6.5 Tech..................................................9 6.6 Journalism..............................................9 6.7 Finance................................................ 10 6.8 Data Science, Law, and MFin/MBA................................ 10 7 Undergraduate Economics Association (UEA) 10 7.1 -
Programme Specification Master in Economics (Mecon)
Programme Specification Master in Economics (MEcon) (2020-21) This specification provides a concise summary of the main features of the programme and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if s/he takes full advantage of the learning opportunities that are provided. Awarding Institution University of Southampton Teaching Institution University of Southampton Mode of Study Full-time Duration in years 4 Accreditation details None Final award Master of Economics (MEcon) Name of award Master in Economics (MEcon) Interim Exit awards Certificate of Higher Education (CertHE) Diploma of Higher Education (DipHE) FHEQ level of final award Level 7 UCAS code L101 Programme code 4617 QAA Subject Benchmark or other Economics 2007 external reference Programme Lead Thomas Gall Programme Overview Brief outline of the programme The programme offers you the opportunity to study Economics in depth. This will equip you with the knowledge and understanding of economic theory and its application necessary to pursue a career as a professional economist in the private or public sectors. Your contact hours will vary depending on your module/option choices. Full information about contact hours is provided in individual module profiles. Learning and teaching Our degrees are full-time honours programmes of three or four year duration. All programmes aim to provide knowledge of the key concepts and arguments in the relevant subjects together with the capacity to apply this knowledge in a variety of contexts. In addition, we seek to ensure that all of our students are able to use data and quantitative techniques appropriately and effectively. -
REGULATIONS for the DEGREE of MASTER of ECONOMICS (Mecon)
REGULATIONS FOR THE DEGREE OF MASTER OF ECONOMICS (MEcon) These Regulations apply to candidates admitted to the Master of Economics curriculum in the academic year 2018-19 and thereafter. (See also General Regulations and Regulations for Taught Postgraduate Curricula) Any publication based on work approved for a higher degree should contain a reference to the effect that the work was submitted to The University of Hong Kong for the award of the degree. The degree of Master of Economics is a postgraduate degree awarded for the satisfactory completion of a prescribed course of study in economics with emphasis on the analysis of real world economic problems. Admission requirements ME 1. To be eligible for admission to the courses leading to the degree of Master of Economics, candidates shall (a) comply with the General Regulations; (b) comply with the Regulations for Taught Postgraduate Curricula; (c) hold (i) a Bachelor's degree with honours of this University; or (ii) another qualification of equivalent standard from this University or from another University or comparable institution accepted for this purpose; and (d) satisfy the examiners in a qualifying examination, if required. Qualifying examination ME 2. (a) A qualifying examination may be set to test the candidates’ formal academic ability or their ability to follow the courses of study prescribed. It shall consist of one or more written papers or their equivalent, and may include a project report. (b) Candidates who are required to satisfy the examiners in a qualifying examination shall not be permitted to register until they have satisfied the examiners in the examination. -
MA Handbook 2017-2018.Pdf
Graduate School-Newark Master’s Program in Economics Student Handbook 2017-18 Updated Aug. 2017 TABLE OF CONTENTS INTRODUCTION ............................................................................................................. 1 Overview .............................................................................................................................................. 1 Purpose ................................................................................................................................................ 1 THE APPLICATION PROCESS ..................................................................................... 2 Requirements ...................................................................................................................................... 2 How to Apply ....................................................................................................................................... 2 Supporting Materials ........................................................................................................................... 2 FINANCIAL AID .............................................................................................................. 3 READMISSION ............................................................................................................... 3 PROGRAM POLICIES .................................................................................................... 4 Requirements ..................................................................................................................................... -
List of CMU Members 2021-08-18
List of CMU Members 2021-09-23 Member Bond Code Member Name Bank Repo CMUBID Connect ABCI ABCI SECURITIES COMPANY LIMITED - Y Y ABNA ABN AMRO BANK N.V. - Y - ABOC AGRICULTURAL BANK OF CHINA LIMITED - Y Y AIAT AIA COMPANY (TRUSTEE) LIMITED - - - ASBK AIRSTAR BANK LIMITED - Y - ACRL ALLIED BANKING CORPORATION (HONG KONG) LIMITED - Y - ANTB ANT BANK (HONG KONG) LIMITED - - - ANZH AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - - Y AMCM AUTORIDADE MONETARIA DE MACAU - Y - BEXH BANCO BILBAO VIZCAYA ARGENTARIA, S.A. - Y - BSHK BANCO SANTANDER S.A. - Y Y BBLH BANGKOK BANK PUBLIC COMPANY LIMITED - - - BCTC BANK CONSORTIUM TRUST COMPANY LIMITED - - - SARA BANK J. SAFRA SARASIN LTD - Y - JBHK BANK JULIUS BAER AND CO. LTD. - Y - BAHK BANK OF AMERICA, NATIONAL ASSOCIATION - Y Y BCHK BANK OF CHINA (HONG KONG) LIMITED - Y Y CDFC BANK OF CHINA INTERNATIONAL LIMITED - Y - BCHB BANK OF CHINA LIMITED, HONG KONG BRANCH - Y - CHLU BANK OF CHINA LIMITED, LUXEMBOURG BRANCH - - Y BMHK BANK OF COMMUNICATIONS (HONG KONG) LIMITED - Y - BCMK BANK OF COMMUNICATIONS CO., LTD. - Y - BCTL BANK OF COMMUNICATIONS TRUSTEE LIMITED - - Y DGCB BANK OF DONGGUAN CO., LTD. - - - BEAT BANK OF EAST ASIA (TRUSTEES) LIMITED - - - BEAH BANK OF EAST ASIA, LIMITED (THE) - Y Y BOIH BANK OF INDIA - - - BOFM BANK OF MONTREAL - - - BNYH BANK OF NEW YORK MELLON - - - BNSH BANK OF NOVA SCOTIA (THE) - - - BOSH BANK OF SHANGHAI (HONG KONG) LIMITED - Y Y BTWH BANK OF TAIWAN - Y - SINO BANK SINOPAC, HONG KONG BRANCH - - Y BPSA BANQUE PICTET AND CIE SA - - - BBID BARCLAYS BANK PLC - Y - EQUI BDO UNIBANK, INC. -
Bank of Jiujiang Co., Ltd.* * (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 6190)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement. Bank of Jiujiang Co., Ltd.* * (A joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 6190) ANNOUNCEMENT PROPOSED RE-ELECTION AND APPOINTMENT OF DIRECTORS AND SUPERVISORS PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION ESTABLISHMENT OF COMPLIANCE MANAGEMENT COMMITTEE OF THE BOARD I. PROPOSED RE-ELECTION AND APPOINTMENT OF DIRECTORS According to the relevant laws and regulations and the Articles of Association of Bank of Jiujiang Co., Ltd. (the “Articles of Association”), the directors (“Directors”) of Bank of Jiujiang Co., Ltd.* (the “Bank”) shall serve a term of three years. The term of a Director is renewable by re-election after its expiry, but the cumulative term of office for independent non- executive Directors at the Bank shall not exceed six years. The term of the fifth session of the Board of the Bank will soon expire, and a re-election is proposed. The board of Directors (the “Board”) of the Bank has resolved at the Board meeting held on 30 March 2020 to propose the nomination of Mr. LIU Xianting, Mr. PAN Ming and Ms. CAI Liping for re-election as executive Directors of the Bank; the nomination of Mr. ZENG Huasheng, Mr. ZHANG Jianyong, and Mr. -
Primary Dealers (With Effect from 1 October 2021)
HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA GOVERNMENT BOND PROGRAMME List of Primary Dealers (with effect from 1 October 2021) 1. Bank of China (Hong Kong) Limited 2. Bank of Communications Company, Limited 3. BNP Paribas, Hong Kong 4. Citibank N.A. 5. Crédit Agricole Corporate and Investment Bank 6. DBS Bank (Hong Kong) Limited 7. Hang Seng Bank Limited 8. Hongkong and Shanghai Banking Corporation Limited, The 9. Societe Generale 10. Standard Chartered Bank (Hong Kong) Limited List of Recognized Dealers (with effect from 30 September 2021) 1. ABN AMRO Bank N.V. 2. Agricultural Bank of China Limited 3. Airstar Bank Limited 4. Allied Banking Corporation (Hong Kong) Limited 5. Ant Bank (Hong Kong) Limited 6. Australia and New Zealand Banking Group Limited 7. Banco Bilbao Vizcaya Argentaria, S.A. 8. Banco Santander, S.A. 9. Bangkok Bank Public Company Limited 10. Bank Julius Baer & Co. Ltd. 11. Bank of America, National Association 12. Bank of China (Hong Kong) Limited 13. Bank of China International Limited 14. Bank of Communications Company, Limited 15. Bank of Communications (Hong Kong) Limited 16. Bank of Dongguan Co., Ltd. 17. Bank of East Asia, Limited (The) 18. Bank of India 19. Bank of Montreal 20. Bank of Nova Scotia (The) 21. Bank of Taiwan 22. Bank SinoPac, Hong Kong Branch 23. Banque Pictet & Cie SA 24. Barclays Bank plc 25. BDO Unibank, Inc. 26. BNP Paribas, Hong Kong 27. BNP Paribas Securities Services 28. Cathay Bank 29. Cathay United Bank Company, Limited 30. Chang Hwa Commercial Bank, Limited 31. -
Master of Finance
2O18 | 2O19 Master of Finance 1 “For a decade, we have been helping finance professionals gain the analytic skills and real-world training they need to achieve their full career potential.” Welcome To Rotman Finance Leadership At the Rotman School of Management, we believe that business education is a key driver of economic prosperity by providing crucial human capital, new research and breakthrough ideas. As the top finance school in Canada, Rotman plays an important role in the Canadian financial services industry. Located in the heart of Canada’s financial capital just blocks from Bay Street, Rotman is a major source of talent to the financial services industry and draws on a rich pool of financial leaders as speakers and mentors. As a student in the Master of Finance program, you will take full advantage of the School’s strengths in finance. You will study a curriculum developed in consultation with industry, designed to give you an unprecedented breadth and depth of finance knowledge, delivered by world renowned finance professors and leading industry experts. Over 20 months, you will gain the skills and confidence you need to master complex financial issues, to communicate with clients, colleagues and leaders about real-world business challenges, and to take your career to the next level. This year the Rotman School marks an exciting milestone: It’s been ten years since the launch of our Master of Finance program. For a decade, we have been helping finance professionals gain the analytic skills and real-world training they need to achieve their full career potential. -
2019 Annual Report 2019Re P O Rt Annu a L
l l t A R Annu Repo 2019 HUA XIA BANK CO., LIMITED 2019 ANNUAL REPOrt This report is printed on environmentally friendly paper is printed on environmentally This report Address: Hua Xia Bank Mansion, 22 Jianguomennei Street, Dongcheng District, Beijing Postal code: 100005 District, Beijing Postal Address: Hua Xia Bank Mansion, 22 Jianguomennei Street, Dongcheng 010-85239605 Fax: 010-85239938 010-85238570 Tel: www.hxb.com.cn Website: 2019 Annual Report CONTENTS 3 Message from Chairman 7 Message from President 8 Important Notice 9 Section I Definitions 10 Section II Company Profile 22 Section III Financial Highlights 27 Section IV Discussion and Analysis of Operations 74 Section V Significant Events 84 Section VI Details of Changes in Ordinary Shares and Shareholders 90 Section VII Preference Shares 94 Section VIII Directors, Supervisors, Senior Management Members, Other Employees and Branches 106 Section IX Corporate Governance 112 Section X Financial Statements 113 Section XI List of Documents for Inspection 114 Written Confirmation of the Annual Report 2019 by Directors, Supervisors and Senior Management Members of Hua Xia Bank Co., Limited 117 Auditor’s Report Chairman: Li Minji 2 2019 Annual Report MESSAGE FROM CHAIRMAN The year 2019 marked the 70th anniversary of the several consecutive years. We set up a steering institution founding of the People’s Republic of China, and saw the dedicated to poverty alleviation, put into practice the success of Hua Xia Bank’s fourth Party congress and requirements for precision poverty alleviation work relating defining of the development course. Guided by Xi Jinping to finance, strengthened financial services for poverty Thought on Socialism with Chinese Characteristics for a alleviation, elderly care, community, education, medical New Era, we thoroughly implemented the guiding principles care and other fields, and went all out to provide financial of the 19th National Party Congress, the second, third and support to poverty alleviation. -
Fantasia Holdings Group Co., Limited 花樣年控股集團有限公司 (Incorporated in Cayman Islands with Limited Liability) (Stock Code: 1777)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, 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 announcement. This announcement is not for distribution, directly or indirectly, in or into the United States. This announcement and the information contained herein does not constitute or form part of an offer to purchase, subscribe or sell securities in the United States. Securities may not be offered or sold in the United States unless registered pursuant to the U.S. Securities Act of 1933, as amended (the “Securities Act”), or pursuant to an applicable exemption from such registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about the Company and management, as well as financial statements. The securities referred to herein have not been and will not be registered under the Securities Act and no public offering of securities will be made in the United States. The securities described in this announcement will be sold in accordance with all applicable laws and regulations. No money, securities or other consideration is being solicited by this announcement or the information contained herein and, if sent in response to this announcement or the information contained herein, will not be accepted. Fantasia Holdings Group Co., Limited 花樣年控股集團有限公司 (Incorporated in Cayman Islands with limited liability) (Stock Code: 1777) OVERSEAS REGULATORY ANNOUNCEMENT This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).