Economic Analysis on Development of Marine Insurance in Shanghai. 1 Introduction

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Economic Analysis on Development of Marine Insurance in Shanghai. 1 Introduction"

Transcription

1 Economic Analysis on Development of Marine Insurance in Shanghai WANG Yun, LIU Juanjuan Research Institute for Science of Water Transport Economy, Shanghai Maritime University, 155 Pudong Av., Shanghai, China Abstract: This paper studies the relationship between marine insurance and the development of shipping, finance and regional economy based on statistics. We use the quantitative analysis method, partial correlations method, to find out the key factors in local marine insurance development. Though the analysis we conclude that Shanghai has advantages in such key factors as property insurance development and cargo handling capacity. These advantages should help Shanghai to develop marine insurance most effectively, strengthen the link between international shipping and finance development, and continuously promote the local economic development. Finally, the paper suggests high-priority development of marine insurance in Shanghai. Keywords: Marine Insurance, Partial Correlations, Economic development 1 Introduction The government document, suggestions for development of modern service and advanced manufacturing industry and establishment of international finance and shipping center in Shanghai, is significant to the economic reform and long-term development of Shanghai. It is also a strategic plan for further promoting reform and opening up policy, transforming the economic development mode and enhancing overall national strength. In order to achieve the goals, marine insurance industry should be put great emphasis on because it relates to both finance and shipping factors. Ship financing, fund settlement, shipping market derivative and marine insurance are traditional finance services in shipping industry. Marine insurance is a branch of insurance with a long history. The objects of insurance are not only ships, cargoes and other movable property on the sea, but also the freight, rate, commission, expected interests and third party liabilities due to the maritime perils. Marine insurance initiated early in Western countries, but its contents changed rapidly according to its appliance. The studies of marine insurance mostly concern its juristic aspect. Martine Remond- Gouilloud (1) [6] conducted theoretical research of marine insurance by systematical modern insurance ideals. Modern theories of economics and management bring the theory of marine to completion. Hong Zou, Mike B. Adams (6) [] studied the logistic insurance as a major property insurance. Through the research of the purchasing behavior of property insurance of Chinese enterprises, a link was established between insurance and economy. Research of marine insurance is a new direction for scholars in China. Marine insurance is separated from logistic insurance. As water transport is a vital form of logistics forms, marine insurance is also essential in logistic insurance. Li Henqi (7) [5] studied the risks of modern logistics and demands for logistic insurance. Ren Ying, Wang Wei () [7] analyzed the accelerating effect of insurance to the development of logistic industry. The development of marine insurance can bring along the finance, shipping, and overall development in the whole region. Jin (13) [3] set the establishment of shipping center and transport network as primate strategy based on the analysis of the trend of economic globalization. A hierarchical shipping center network should be surrounded by core city in order to promote cooperation. Khan () [4] considered that the effect marine insurance bring about is a result of Economics of Scale in finance system and improvement of integrated efficiency. International shipping center denotes port city with hard infrastructure such as container transportation hub port, deepwater fairway, collection and distribution network, and soft infrastructure such as finance, trade, and information services. The 1

2 economic growth is refer to the growth of the real economy such as GDP and per capita GDP, the improvement of production technology, the optimization of economic structure and the perfection of economic system. Nevertheless, due to the lagging development of marine insurance and the fact that researchers rarely have chance to acquaint practical operations, some researches are lack of pertinence. In positive view, the new subject provides new opportunities to researchers. The train of thought and technical route of this paper is taking the cross-industry feature of marine insurance into consideration, conduct a correlation analysis of economic aggregate index and statistics in logistic and finance industry. Choosing port throughput and total amount of property insurance as typical detail indicator of shipping logistics and insurance industry afterwards, the paper conducts further studies of partial correlations without the influence of economic aggregate. Finally we find out the major factor of marine insurance development by comparing those coefficients of correlation. Marine insurance is developing rapidly in Shanghai, the most developed port city in China. This research is not only to the actual need of marine insurance industry but will also accelerate the theoretical innovation in marine insurance. The Externality and Social Benefits of Marine Insurance Marine insurance provide not only basic functions as risk sharing and compensate for loss or damage but derivative functions as risk management as well. Ships as huge movable assets of high value, face frequent and serious accident risks, thus, risk management is especially vital in marine insurance business. The function of risk management benefits the whole shipping industry and other related industries as marine architecture, and trade. Besides, the level of finance service will be improved along with the development of marine insurance. Specifications in services as valuation of assets, credit guarantee, and auction of cargoes will be established and perfected. Those specifications can serve broad fields in the society. Because the operation of marine insurance is on the basis of credit system and legal safeguard, the development of marine insurance is of great importance to the financial firms and the government especially in the establishment of credit system. 3 Factor Analysis on Developing Marine Insurance 3.1 Partial Correlations Method Partial correlation method is to obtain the degree of correlation of two variables in a multivariate model by figuring out the coefficient of correlation when controlling other variables. In the computation process, we consider the interrelationship among several variables and find out net correlation between two chosen variables by specific control method. To figure out the coefficient of partial correlation of variable x 1 and x by avoiding the interrelationship of variables group ( x 3 ~ x ) in a multivariate model with p independent variables, the equation is as follows: R1(,3,... p) R1(3,... p) r1,3~ p = 1 R 1(3,... p ) Where r,3~ p p (1) 1 is the coefficient of partial correlation of variable x 1 and x, x3 ~ x p are controlled variables, R 1(,3,... p) is the Regression coefficient of determination of x1 and variables group ( x ~ x p ), R 1(3,... p) is the Regression coefficient of determination of x 1 and variables group ( x3 ~ x p ). Assume that after excluding the interrelationship of q independent variables, the coefficient of partial correlation is r. The significance test equation is given by q

3 r q n q t= 1 r q () Here, n represents the number of samples, and the statistic value t subjects to (n-q-) degrees of freedom t distribution. 3. Calculation and Results Suppose x 1 denotes the regional gross income of marine hull insurance and cargo insurance representing the scale of marine insurance industry; x denotes the regional added value in finance industry; x 3 denotes the regional added value of transport, storage and postal service representing the scale of logistics industry. Through calculation, the simple coefficient of correlation of x 1 and x is 6 and that of x 1 and x 3 is 3. Nevertheless, the partial coefficient of correlation of x 1 and x is.656 and the partial coefficient of correlation of x 1 and x 3 is -.1. The result indicates that marine insurance industry enjoys high correlation with finance and logistics industry in the multivariate model, but after eliminating the interrelationship effect, the marine insurance is rarely correlated with logistics industry. Further, suppose x 1 denotes the regional gross income of marine hull insurance and cargo insurance representing the scale of marine insurance industry; x denotes the cargoes loaded and unloaded at port; x 3 denotes the regional gross income of property insurance; x 4 denotes the GDP in the region. Table 1: Coefficients of Correlation x x 1 x x 3 x 4 x 1 x x 1 x x Table 1 provides the calculation results of coefficients of partial correlation of x 1 and x. It indicates that marine insurance is highly related to cargoes loaded and unloaded at port. The coefficient of partial correlation is.71. Another calculation shows that the coefficient of partial correlation of marine insurance and regional gross income of property insurance is.71. In the partial correlation analysis, the correlation degrees are lower than the results showed in simple correlation analysis, but the degrees are considerably high. 4 The Advantages of Shanghai in Developing Marine Insurance From the analysis above, we conclude that two sorts of conditions are needed in developing marine insurance: the conditions of port logistics and finance industry. Especially the cargoes loaded and unloaded, and the development of regional property insurance. 3

4 : Compare to other port cities, Shanghai with its highly developed economy, wonderful political environment and infrastructure attracts best brains. Meanwhile, Shanghai ranks number one in cargo handling capacity globally due to its geographic position in the estuary of Yangtze River and the long term investment in infrastructure. Another advantage for Shanghai to develop marine insurance is the support of advanced financial system. Among all port cities in China, Shanghai enjoys the highest service level of finance and insurance. Up until the end of 8, 68 financial institutions have processed their business in Shanghai including 1 insurance institutions. 165 of the 68 institutions are foreign-funded. They not only provide various financial services but also improve their service level and quality to cope with the competition with each other. The involvement of foreign competitor with ample experience and high management level accelerate the improvement of financial service level in the region. Table Institution munbers of Insurance 7 8 Number of Institution Property insurance 4 41 Intermediary Table shows the rise of insurance institution in Shanghai. The number of insurance institution rise from in 6 to 1 in 8 with a 1.36% average annual rate of growth. It has grown tenfold since. Shanghai has absolute advantage compare with other main port cities in China according to the merits in geographic position, economy, trade, port and shipping, and insurance industry. Shanghai took up the largest share in both marine hull insurance market and cargo insurance market in China. In 8, the scale of marine hull insurance of Shanghai was at least times larger than the scale of Dalian s, while the scale of cargo insurance was 4 times of Shenzhen s. Dalian and Shenzhen ranked second in hull insurance and cargo insurance scale respectively. In 8, the total sum of marine hull insurance was 3.86 billion RMB in China. Shanghai had.681 billion RMB, accounting for 17.6%. Dalian had.317 billion, accounting for 8.1%. Other port cities were far legging behind. The total sum of cargo insurance in China in 8 was 7.7 billion RMB. Shanghai also took the largest part about 16.53%. Shenzhen took the second largest part about 4.3%. The present status of marine insurance in Shanghai is the result of coordinated development of finance and shipping industry. The cargo handling capacity of port may not necessarily lead to the marine insurance development. The direct evidence is the proportion Shanghai occupied in the total sum of cargo handling capacity in China witch was.1% in the same period. This proportion was well below the proportion of marine insurance because the proportion Shanghai occupied in hull insurance and cargo insurance were all above 16%. 5 Economic Benefits of Developing Marine Insurance in Shanghai As a major component of transport industry, shipping plays an important role in Shanghai economic development. Firstly, water transportation takes up a large share in the total cargo transportation. Table 3:Volume of Transport (in 1 tons) Volume of Volume of Year Water % Transport Transport % 4

5 % % Table 3 shows that as the cheapest way of transportation, water transportation had occupied a proportion of 5.5% in 7 in Shanghai total cargo transportation. It was far more than the proportion in 1, which was merely 3.4%. Along with the development of import and export trade, the container throughput in Shanghai skyrocketed in recent years. According to the statistics compiled by Shanghai Municipal Transport and Port Authority, the container throughput of Shanghai port had ranked number one since Sep.. Table 4:Container Throughput Year Weight Container Throughput Weight: in 1 tons Container Throughput: in 1 TEUs As part of finance industry, insurance industry has got golden opportunity in the economic progress in Shanghai. The insurance industry has gained much experience during expending in size. The size of property insurance in Shanghai has risen from 3.5 billion RMB in 1 to billion RMB in 8 Marine hull insurance has a large share in property insurance due to its insurance premiums. According to the data proclaimed by Shanghai Insurance Regulatory Commission, the premium income of hull insurance and cargo insurance are.681 and billion RMB respectively. Marine insurance is increasingly important to the development of insurance industry. In 8, though the number of inward and outward ships decreased by 8.4% over the same period, the marine hull insurance increased by 5%. The insurance market in Shanghai stabilized and resumed in. The premium income of property insurance increased at 15.% from billion in 8 to 15.8 billion in. Based on the analysis above, we conclude that a relation chain exists from the development of economy, trade, transportation industry, to shipping industry and marine insurance industry, which is a chain from the whole to parts. The development of economy and trade accelerates the demands of transportation, then promotes the development of shipping industry, finally propels the marine insurance industry. In this chain, every knot connected closely and a virtuous cycle is formed consequently. 6 Conclusion Marine insurance is getting indispensible to the development of economy, trade, shipping, port, and finance. Two sorts of conditions are needed in developing marine insurance: the conditions of port logistics and finance industry. Studied the correlation between marine insurance industry and related industries, we quantitatively verified the source of advantage of Shanghai in developing marine insurance is its advantage in both shipping and finance industry. The development of marine insurance will bring benefits to multiple industries. Marine insurance industry will arouse a new round of economy growth in Shanghai and contribute much to the whole nation. 5

6 References [1]. Guo Songpin, Yuan Jianhua, Marine Insurance, Beijing, China Finance Publishing House,, in Chinese. []. Hong Zou, Mike B. Adams, The corporate purchase of property insurance: Chinese evidence, Journal of Financial Intermediation, 6,, [3]. Jin F., Study on development strategy of shipping centers and transportation networks in the Yellow Sea Rim, Chinese Geographical Science, 3, 13, [4]. Khan, A., The finance and growth nexus, Business Review-Federal Reserve Bank of Philadelphia,, [5]. Li Henqi, the Risks of Modern Logistics and Demand Analysis of Logistic Insurance in China, Transaction of Xi an Jiaotong University (Social Science Edition), 7, 6, in Chinese. [6]. Martine Remond-Gouilloud, Insurance, Liability and Compensation, Marine Policy, 1, 3, [7]. Ren Yin, Wang Wei, A Brief Analysis of the Promotion of insurance to the development of logistics industry, Logistics Technology,,, -4. in Chinese. [8]. T. Baker, Insurance and the Law, International Encyclopedia of Social & Behavioral Sciences, 4,

Analysis of Development Causes and Risk Prevention to Logistics Financing

Analysis of Development Causes and Risk Prevention to Logistics Financing Analysis of Development Causes and Risk Prevention to Logistics Financing SHUAI Bin 1, YAN Ying 2 1. School of Traffic and Transp., Southwest Jiaotong University, Chengdu 610031, China 2. School of Logistics,

More information

China (Shanghai) Pilot Free Trade Zone

China (Shanghai) Pilot Free Trade Zone China (Shanghai) Pilot Free Trade Zone A New Era of Opening up and Reform in China www.pwccn.com What is the China (Shanghai) Pilot Free Trade Zone? On 29 September, 2013, the Chinese government formally

More information

An Analysis of the Telecommunications Business in China by Linear Regression

An Analysis of the Telecommunications Business in China by Linear Regression An Analysis of the Telecommunications Business in China by Linear Regression Authors: Ajmal Khan h09ajmkh@du.se Yang Han v09yanha@du.se Graduate Thesis Supervisor: Dao Li dal@du.se C-level in Statistics,

More information

Further Developments of Hong Kong s Offshore RMB Market: Opportunities and Challenges

Further Developments of Hong Kong s Offshore RMB Market: Opportunities and Challenges Further Developments of Hong Kong s Offshore RMB Market: Opportunities and Challenges Zhang Ying, Senior Economist In recent years, as the internationalization of the RMB has been steadily carrying out,

More information

Shanghai FTA Financial Reform Push Shipping Promotion

Shanghai FTA Financial Reform Push Shipping Promotion Shanghai FTA Financial Reform Push Shipping Promotion Jin Yan Hao Yong Shanghai University of Engineering Science College of Management Shanghai, China Abstract The relationship between finance and shipping

More information

Research on Perfecting the Rural Social Endowment Insurance System in Yangtze River Delta

Research on Perfecting the Rural Social Endowment Insurance System in Yangtze River Delta Research on Perfecting the Rural Social Endowment Insurance System in Yangtze River Delta Shufen Zhou 1, Lin Han 1, Hong Wang 1 & Keying Bi 1 1 College of Social Sciences, Shanghai University of Engineering

More information

Shanghai. UNESCO City of Design. Fast facts

Shanghai. UNESCO City of Design. Fast facts CLT/CEI/CID/2011/PI/203/REV. 21/03/2011 Shanghai UNESCO City of Design Situated at 31 14 N and 121 29 E, on the west coast of the Pacific Ocean and in the middle of the arc-shaped coastline, Shanghai boasts

More information

Pilot Free Trade Zone Shanghai

Pilot Free Trade Zone Shanghai Pilot Free Trade Zone Shanghai Shanghai s first Free Trade zone was launched in September 2013, targeted to make Shanghai an international trade and finance hub. It was established on the strategic decision

More information

The Analysis of the Mechanism of Coordinated Development between the Road Transport Logistics Infrastructure and the Logistics Service

The Analysis of the Mechanism of Coordinated Development between the Road Transport Logistics Infrastructure and the Logistics Service Journal of Service Science and Management, 2015, 8, 372-381 Published Online June 2015 in SciRes. http://www.scirp.org/journal/jssm http://dx.doi.org/10.4236/jssm.2015.83039 The Analysis of the Mechanism

More information

The Economic Outlook of Hong Kong. in the Context of China s 12th Five-Year Plan

The Economic Outlook of Hong Kong. in the Context of China s 12th Five-Year Plan The Economic Outlook of Hong Kong in the Context of China s 12th Five-Year Plan A Speech by Dr Victor Fung to the Students and Professionals at Savantas Liberal Arts Academy 匯 賢 智 庫 學 苑 on 21 May 2011

More information

Study on Driving Force of Economic Growth in Beijing and Outlook on Prospect of Economic Growth during 11th Five-year Plan Period

Study on Driving Force of Economic Growth in Beijing and Outlook on Prospect of Economic Growth during 11th Five-year Plan Period Study on Driving Force of Economic Growth in Beijing and Outlook on Prospect of Economic Growth during 11th Five-year Plan Period Research Group Beijing Municipal Bureau of Statistics,China August 31,2006

More information

Study on the Solution to the Financing of Enterprises in Supply Chain Finance

Study on the Solution to the Financing of Enterprises in Supply Chain Finance Study on the Solution to the Financing of Enterprises in Supply Chain Finance Huang Ruiyu & Wang Yuxi School of Management Shanghai University of Engineering Science Shanghai China Abstract Facing the

More information

Philippines Logistics Market Outlook to 2019 - Growth Driven by Express Delivery, 3PL and E-commerce Logistics Services

Philippines Logistics Market Outlook to 2019 - Growth Driven by Express Delivery, 3PL and E-commerce Logistics Services Philippines Logistics Market Outlook to 2019 - Growth Driven by Express Delivery, 3PL and E-commerce Logistics Services Phone: +44 20 8123 2220 Fax: +44 207 900 3970 office@marketpublishers.com Philippines

More information

Thailand s Logistics

Thailand s Logistics Thailand s Logistics Over the past fourteen years, overall international trade with Thailand has grown 340% and manufacturing trade 370%; this growth, aided in part by the nation s bilateral trade agreements

More information

Guangdong Province. By Sophie Lu LUP , 23 th February 2012

Guangdong Province. By Sophie Lu LUP , 23 th February 2012 Guangdong Province By Sophie Lu LUP 011.8-2, 23 th February 2012 Guangdong: highest GDP in China for over 20 years The GDP of Guangdong province ranked first nationwide for 22 consecutive years by 2010,

More information

Research on the Development of Software Outsourcing Industry of Dalian City of. China

Research on the Development of Software Outsourcing Industry of Dalian City of. China Research on the Development of Software Outsourcing Industry of Dalian City of China Liu Xin, *Cai Li International Business School, Dalian Nationalities University, Dalian, China *caili@dlnu.edu.cn Abstract

More information

CHINA SERVICES SECTOR ANALYSIS

CHINA SERVICES SECTOR ANALYSIS CHINA SERVICES SECTOR ANALYSIS China Snapshot Capital: Beijing Population: 1.3 billion (WB 2011) Currency: Renminbi Yuan GDP (constant 2000 US $ billion): 3.5 (WB 2011) GDP per capita (constant 2000 US

More information

Factoring: A n Effective Financing Option to SMEs in China

Factoring: A n Effective Financing Option to SMEs in China Factoring: A n Effective Financing Option to SMEs in China FENG Yue Economics and Management Department, Nanjing Institute of Technology, P.R.China, 211167 fengyue@njit.edu.cn Abstract: Factoring is a

More information

Research on the Tax Burden of Chinese Insurance Companies After Replacing the Business Tax with a Value-added Tax

Research on the Tax Burden of Chinese Insurance Companies After Replacing the Business Tax with a Value-added Tax International Business and Management Vol. 10, No. 1, 2015, pp. 111-116 DOI:10.3968/6510 ISSN 1923-841X [Print] ISSN 1923-8428 [Online] www.cscanada.net www.cscanada.org Research on the Tax Burden of Chinese

More information

Introduction and Development Strength of. Shenzhen Service Outsourcing Industry

Introduction and Development Strength of. Shenzhen Service Outsourcing Industry Introduction and Development Strength of Shenzhen Service Outsourcing Industry I. Profile of Shenzhen Shenzhen, strategically located on the south-central coast of Guangdong Province, is China s first

More information

The Chinese corporate credit bond market. Broad prospects for development

The Chinese corporate credit bond market. Broad prospects for development The Chinese corporate credit bond market Broad prospects for development Dear Mr. Martin Scheck, Mr. Spencer Lake, Distinguished Guests, Ladies and Gentlemen, Good Morning! I am very pleased to attend

More information

Focus on China Market and Pursue Sustainable Value Growth

Focus on China Market and Pursue Sustainable Value Growth Focus on China Market and Pursue Sustainable Value Growth (Beginning) Distinguished guests, ladies and gentlemen: Good morning. I 'm Wu Zongmin, from China Pacific Property Insurance Company Limited (CPIC

More information

Hong Kong: Gateway to China for Estonian Businesses

Hong Kong: Gateway to China for Estonian Businesses Hong Kong: Gateway to China for Estonian Businesses Mrs Agnes ALLCOCK, Director-General Hong Kong Economic and Trade Office (London) 2 June 2011 1 Hong Kong: The Latest Economic Situation Real GDP Growth:

More information

Supply Chain & Circular 37 13 September 2013

Supply Chain & Circular 37 13 September 2013 Supply Chain & Circular 37 13 September 2013 Typical Supply Chain Overview The following slides are intended to provide an overview of typical supply chains for air and ocean transportation originated

More information

China COSCO Holdings Company Limited *

China COSCO Holdings Company Limited * 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

More information

China COSCO Holdings Company Limited *

China COSCO Holdings Company Limited * 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

More information

IP Technology Trading - Innovative Model

IP Technology Trading - Innovative Model IP Technology Trading - Innovative Model Technology Transfer in China Jinyong CHANG President Shenzhen United Property and Share Rights Exchange April, 2013 Contents: 1 Shenzhen Development 2 Technology

More information

An empirical study of factor analysis on M & A performance of listed companies of Chinese pharmaceutical industry

An empirical study of factor analysis on M & A performance of listed companies of Chinese pharmaceutical industry Available online www.jocpr.com Journal of Chemical and Pharmaceutical Research, 2014, 6(4):963-968 Research Article ISSN : 0975-7384 CODEN(USA) : JCPRC5 An empirical study of factor analysis on M & A performance

More information

CHINA (SHANGHAI) FREE TRADE ZONE Implications and Considerations. Huabin Wang

CHINA (SHANGHAI) FREE TRADE ZONE Implications and Considerations. Huabin Wang CHINA (SHANGHAI) FREE TRADE ZONE Implications and Considerations Huabin Wang Assistant General Manager Bank of China Limited, London Branch September 23, 2014 Table of Contents 1 CHINA (SHANGHAI) FREE

More information

Introduction for Financial Services in China (Shanghai) Pilot Free Trade Zone. Mar.2014

Introduction for Financial Services in China (Shanghai) Pilot Free Trade Zone. Mar.2014 Introduction for Financial Services in China (Shanghai) Pilot Free Trade Zone Mar.2014 Contents I II About Shanghai FTZ Opportunities For FTZ Company III ICBC Preparation and Capability Part I. About Shanghai

More information

Modern Logistics Financial Services Innovation Finance Logistics

Modern Logistics Financial Services Innovation Finance Logistics Modern Logistics Financial Services Innovation Finance Logistics Yu Ping School of Economics, Wuhan University of Technology, P.R.China,430070 Abstract: The development of modern logistics is indispensable

More information

DING Zhao FEBRUARY 2014 VOL 5, NO 10. Master degree candidate, College of Economic & Management, Sichuan Agricultural University.

DING Zhao FEBRUARY 2014 VOL 5, NO 10. Master degree candidate, College of Economic & Management, Sichuan Agricultural University. Analysis of relationship between rural energy consumption of biomass resources and income alteration of farmers DING Zhao Master degree candidate, College of Economic & Management, Sichuan Agricultural

More information

Unleashing Qianhai s Full Potentials

Unleashing Qianhai s Full Potentials Unleashing Qianhai s Full Potentials The Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone has been developing very rapidly in recent months. What are the unique business opportunities

More information

Chapter 2 Study on Functional Mechanism and Effectiveness of Land Ticket System in the Process of New-Type Urbanization

Chapter 2 Study on Functional Mechanism and Effectiveness of Land Ticket System in the Process of New-Type Urbanization Chapter 2 Study on Functional Mechanism and Effectiveness of Land Ticket System in the Process of New-Type Urbanization Jiangtao Fang Abstract Most districts of China have already taken measurements in

More information

The Study on the Personal Income Tax of the Policyholder Dividends and Its Impact on Chinese Insurance Industry

The Study on the Personal Income Tax of the Policyholder Dividends and Its Impact on Chinese Insurance Industry ibusiness, 2013, 5, 58-63 doi:10.4236/ib.2013.51b013 Published Online March 2013 (http://www.scirp.org/journal/ib) The Study on the Personal Income Tax of the Policyholder Dividends and Its Impact on Chinese

More information

Transport Infrastructure Development in China October 2013. Fung Business Intelligence Centre

Transport Infrastructure Development in China October 2013. Fung Business Intelligence Centre Transport Infrastructure Development in China October 213 Fung Business Intelligence Centre In this issue: Overview Four Transportation Modes Government Initiatives 2 Overview 3 Passenger traffic at a

More information

A Survey of Wastewater Treatment Facility Installation in China: Opportunities for International Cooperation of Technology Transfer

A Survey of Wastewater Treatment Facility Installation in China: Opportunities for International Cooperation of Technology Transfer IDEAS Machinery Industry Study Report No. 2 A Survey of Wastewater Treatment Facility Installation in China: Opportunities for International Cooperation of Technology Transfer Shuhua Gu Xiliang Zhang Bingxiang

More information

Eddie Yue: Renminbi a new era and the role of Hong Kong

Eddie Yue: Renminbi a new era and the role of Hong Kong Eddie Yue: Renminbi a new era and the role of Hong Kong Keynote address by Mr Eddie Yue, Deputy Chief Executive of the Hong Kong Monetary Authority, at the Global Offshore RMB Funding Forum 2012, Hong

More information

Empirical Analysis on the impact of working capital management. Hong ming, Chen & Sha Liu

Empirical Analysis on the impact of working capital management. Hong ming, Chen & Sha Liu Empirical Analysis on the impact of working capital management Hong ming, Chen & Sha Liu (School Of Economics and Management in Changsha University of Science and Technology Changsha, Hunan, China 410076)

More information

The Construction of SME Accounting Information System

The Construction of SME Accounting Information System The Construction of SME Accounting Information System LIU Zhihua School of Business Administration, Jiangxi University of Finance and Economics, P.R. China, 330013 jethro@163.com Abstract: SMEs have become

More information

Overview of China P&C Insurance Market WBN Global Conference, Shanghai, October 18, 2012 Eric Zheng, Chartis Insurance Company China Ltd.

Overview of China P&C Insurance Market WBN Global Conference, Shanghai, October 18, 2012 Eric Zheng, Chartis Insurance Company China Ltd. Overview of China P&C Insurance Market WBN Global Conference, Shanghai, October 18, 2012 Eric Zheng, Chartis Insurance Company China Ltd. Page 1 Outline 1. Macro trends in China 2. P&C Insurance in China

More information

ECONOMIC REVIEW(A Monthly Issue) March, April, 2015 2014

ECONOMIC REVIEW(A Monthly Issue) March, April, 2015 2014 ECONOMIC REVIEW(A Monthly Issue) March, April, 2015 2014 Economics & Strategic Planning Department http://www.bochk.com Effects The of Reasons CNH Exchange Why the Rate Singapore on Offshore Economy RMB

More information

CNH Market--A Burgeoning Offshore RMB Market

CNH Market--A Burgeoning Offshore RMB Market CNH Market--A Burgeoning Offshore RMB Market Liu Chenggang from Bank of China September, 2011 Contents I. Evolution of CNH Market II. Introduction ti of CNH Market III. Future Development of CNH Market

More information

China Pacific Insurance (Group) Co., Ltd. Issue of 2010 Interim Results

China Pacific Insurance (Group) Co., Ltd. Issue of 2010 Interim Results China Pacific Insurance (Group) Co., Ltd. Issue of 2010 Interim Results Strong Growth of Insurance Business and Significant Increase in Operating Profit Shanghai, Hong Kong, 30 August 2010 China Pacific

More information

Business Environment of Guangzhou. China - Guangzhou

Business Environment of Guangzhou. China - Guangzhou Business Environment of Guangzhou 1 Perspectives for Economic Cooperation in Guangzhou By Dr. Xiao Zhenyu Director-general Bureau of Foreign Trade and Economic Cooperation of Guangzhou Muni cipality 2

More information

Research Report. I. Overview. Background

Research Report. I. Overview. Background Research Report I. Overview Background The Statistics Working Group, under the auspices of the Joint Commission on Commerce and Trade, conducted a second reconciliation study to explain and quantify discrepancies

More information

ASIAN JOURNAL OF MANAGEMENT RESEARCH Online Open Access publishing platform for Management Research

ASIAN JOURNAL OF MANAGEMENT RESEARCH Online Open Access publishing platform for Management Research Online Open Access publishing platform for Management Research Copyright by the authors Licensee IPA Under Creative Commons license 3.0 Research Article ISSN 2229 3795 Indian life insurance industry changing

More information

Food Safety Control from the Perspective of Supply Chain

Food Safety Control from the Perspective of Supply Chain International Conference on Education Technology and Economic Management (ICETEM 2015) Food Safety Control from the Perspective of Supply Chain Weiyan Xie Guangxi Vocational College of Technology and Business,

More information

The Design Study of High-Quality Resource Shared Classes in China: A Case Study of the Abnormal Psychology Course

The Design Study of High-Quality Resource Shared Classes in China: A Case Study of the Abnormal Psychology Course The Design Study of High-Quality Resource Shared Classes in China: A Case Study of the Abnormal Psychology Course Juan WANG College of Educational Science, JiangSu Normal University, Jiangsu, Xuzhou, China

More information

Tax in China newsletter Autumn 2011

Tax in China newsletter Autumn 2011 www.pwc.ch/china www.sccc.ch Tax in China newsletter Autumn 2011 In this issue: Tax news: China s Individual Income Tax Reforms Hot topic: Switzerland (EFTA member) and Hong Kong sign Free Trade Agreement

More information

Real-time Risk Assessment for Aids to Navigation Using Fuzzy-FSA on Three-Dimensional Simulation System

Real-time Risk Assessment for Aids to Navigation Using Fuzzy-FSA on Three-Dimensional Simulation System http://www.transnav.eu the International Journal on Marine Navigation and Safety of Sea Transportation Volume 8 Number 2 June 2014 DOI: 10.12716/1001.08.02.04 Real-time Risk Assessment for Aids to Navigation

More information

VOLUNTARY ANNOUNCEMENT DEEMED DISPOSAL OF ESHIPPING GLOBAL SUPPLY CHAIN MANAGEMENT (SHENZHEN) CO., LTD.

VOLUNTARY ANNOUNCEMENT DEEMED DISPOSAL OF ESHIPPING GLOBAL SUPPLY CHAIN MANAGEMENT (SHENZHEN) CO., LTD. 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

More information

Development of Shanghai Integrated Transport (2010-2015) XIAO Hui and GU Yu

Development of Shanghai Integrated Transport (2010-2015) XIAO Hui and GU Yu Development of Shanghai Integrated Transport (2010-2015) XIAO Hui and GU Yu Abstract This article summarises the general situation of Shanghai s integrated transport system and then determines the trends

More information

Problems and Countermeasures of the Application of Activity-Based Costing (ABC) to Third-Party Logistics (TPL) Firms in China

Problems and Countermeasures of the Application of Activity-Based Costing (ABC) to Third-Party Logistics (TPL) Firms in China Problems and Countermeasures of the Application of Activity-Based Costing (ABC) to Third-Party Logistics (TPL) Firms in China WANG Xinsheng 1, LIANG Chao 2 1. The Department of Management, ShanDong JiaoTong

More information

Measuring the capacity of China property-liability. insurance industry to respond to catastrophic events

Measuring the capacity of China property-liability. insurance industry to respond to catastrophic events Measuring the capacity of China property-liability insurance industry to respond to catastrophic events Wang, Haiyan Wang, Bo Abstract: China is a natural disaster-prone country. Catastrophic event would

More information

A Service Supply Chain Framework from Process Perspective. Ma Xuesong

A Service Supply Chain Framework from Process Perspective. Ma Xuesong International Conference on Economics and Management Innovations ICEMI 2016) A Service Supply Chain Framework from Process Perspective Ma Xuesong School of Management, Huazhong University of Science and

More information

The Influence of Stressful Life Events of College Students on Subjective Well-Being: The Mediation Effect of the Operational Effectiveness

The Influence of Stressful Life Events of College Students on Subjective Well-Being: The Mediation Effect of the Operational Effectiveness Open Journal of Social Sciences, 2016, 4, 70-76 Published Online June 2016 in SciRes. http://www.scirp.org/journal/jss http://dx.doi.org/10.4236/jss.2016.46008 The Influence of Stressful Life Events of

More information

Analysis of China Motor Vehicle Insurance Business Trends

Analysis of China Motor Vehicle Insurance Business Trends Analysis of China Motor Vehicle Insurance Business Trends 1 Xiaohui WU, 2 Zheng Zhang, 3 Lei Liu, 4 Lanlan Zhang 1, First Autho University of International Business and Economic, Beijing, wuxiaohui@iachina.cn

More information

Regional Economic Development of the Mainland Economic Development of Regions: Yangtze River Delta Region / Changjiang Delta Region

Regional Economic Development of the Mainland Economic Development of Regions: Yangtze River Delta Region / Changjiang Delta Region Core Module 17 Regional Economic Development of the Mainland Economic Development of Regions: Yangtze River Delta Region / Changjiang Delta Region 1. What are the recent plans, achievements and difficulties

More information

Utilizing and Prospects for the Guangdong Pilot Free Trade Zone

Utilizing and Prospects for the Guangdong Pilot Free Trade Zone Mizuho Bank, Ltd., Hong Kong Corporate Banking Division No. 1 China ASEAN Research & Advisory Department June 2015 Utilizing and Prospects for the Guangdong Kazutaka Sakauchi China ASEAN Research & Advisory

More information

Research on Incubation Performance of China Information Technology Business Incubators with DEA

Research on Incubation Performance of China Information Technology Business Incubators with DEA Journal of Modeling and Optimization 7:1 (2015) Research on Incubation Performance of China Information Technology Business Incubators with DEA Jiangping Wan 1, Guangwei Pan 2,Lianyu Liang 3 1. School

More information

Study on the Innovation of Agriculture insurance System in China

Study on the Innovation of Agriculture insurance System in China Study on the Innovation of Agriculture insurance System in China Long-Wenjun Research Center for Rural Economy in Ministry of Agriculture in China Abstract: In recent years, the central government in China

More information

Analysis on Effect of Public Expenditure in Incentive to Enterprises Innovation Independently in Inner Mongolia

Analysis on Effect of Public Expenditure in Incentive to Enterprises Innovation Independently in Inner Mongolia Analysis on Effect of Public Expenditure in Incentive to Enterprises Innovation Independently in Inner Mongolia Peixiao Qi (Corresponding author) Department of Economics, Management College, Inner Mongolia

More information

Exchange rate pass through of China s Exporters Abstract

Exchange rate pass through of China s Exporters Abstract Exchange rate pass through of China s Exporters Abstract This paper offers a neat method of estimating how export prices react to exchange rate shocks by precisely controlling exporters marginal costs

More information

Analysis of Inventory Management in China Enterprises

Analysis of Inventory Management in China Enterprises Analysis of Inventory Management in China Enterprises JIAO Jianling, LI Kefei School of Accounting, Hebei University of Economics and Business, China, 050061 jeanjiao@tom.com Abstract: Inventory management

More information

ADVANTAGES OF INCORPORATING A TRADING COMPANY IN HONG KONG AND STRUCTURING CHINA INVESTMENTS VIA HONG KONG

ADVANTAGES OF INCORPORATING A TRADING COMPANY IN HONG KONG AND STRUCTURING CHINA INVESTMENTS VIA HONG KONG ADVANTAGES OF INCORPORATING A TRADING COMPANY IN AND STRUCTURING INVESTMENTS VIA Map of Guangdong province, China, and Hong Kong, SAR INCORPORATING A TRADING COMPANY IN & AT A SNAPSHOT CATEGORY Incorporating

More information

Index. D Domestic logistics enterprises direct financing, 30 economic recovery, 29 network placement, 30 31

Index. D Domestic logistics enterprises direct financing, 30 economic recovery, 29 network placement, 30 31 A Agricultural products logistics acceleration, infrastructure construction, 115 116 circulation modes direct distribution, 110 111 processing & sales, 111 self-marketing, 109 wholesale market, 109 110

More information

PORT OF SOUTHAMPTON PORT OF SOUTHAMPTON ECONOMIC IM PACT OF THE. Final Report. August 2011

PORT OF SOUTHAMPTON PORT OF SOUTHAMPTON ECONOMIC IM PACT OF THE. Final Report. August 2011 Associated British Ports Respondent Number 350 Issue 5 : Statement Appendix 3 : Information on the Economic Importance of the Port of Southampton PORT OF SOUTHAMPTON ECONOMIC IM PACT OF THE PORT OF SOUTHAMPTON

More information

CONTINUING CONNECTED TRANSACTION PROVISION OF ELECTRONIC PLATFORM FOR SALE OF AVIATION PASSENGER COMPREHENSIVE INSURANCE

CONTINUING CONNECTED TRANSACTION PROVISION OF ELECTRONIC PLATFORM FOR SALE OF AVIATION PASSENGER COMPREHENSIVE INSURANCE 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

More information

China: the evolution of foreign exchange controls and the consequences of capital flows

China: the evolution of foreign exchange controls and the consequences of capital flows China: the evolution of foreign exchange controls and the consequences of capital flows People s Bank of China I. Introduction With the adoption of market-oriented economic system reforms and the opening-up

More information

The Li & Fung Management Book Series

The Li & Fung Management Book Series Supply Chain Finance (V) Supply Chain Finance Management of Commercial Bank The Li & Fung Management Book Series Winnie Lo, Howard Hung Management Theories and Business Models August 2016 1 Transformation

More information

The world s delivery system for consumer goods, components, and commodities is overloaded.

The world s delivery system for consumer goods, components, and commodities is overloaded. From Mercer Management Journal 19 Delivery Jam How will the world s freight networks cope with surging demand? By Mark Kadar and Manny Hontoria Shipping ports, trains, and trucks are running flat out to

More information

Where it all began. Where it all began (again) GIRO Convention. The Insurance Industry steps forward under the flag of Deng Xiao Ping

Where it all began. Where it all began (again) GIRO Convention. The Insurance Industry steps forward under the flag of Deng Xiao Ping GIRO Convention The Insurance Industry steps forward under the flag of Deng Xiao Ping China Non-Life Insurance Market David Campbell September 2008 Where it all began Where it all began (again) Non-Life

More information

THEORETICAL AND PRACTICAL ISSUES ON RECORDING TRANSPORTATION SERVICES IN THE BALANCE OF PAYMENTS

THEORETICAL AND PRACTICAL ISSUES ON RECORDING TRANSPORTATION SERVICES IN THE BALANCE OF PAYMENTS THEORETICAL AND PRACTICAL ISSUES ON RECORDING TRANSPORTATION SERVICES IN THE BALANCE OF PAYMENTS PAGE 1 INTRODUCTION...2 2 METHODOLOGICAL ASPECTS...3 2.1 General background...3 2.2 Attribution of transportation

More information

Study on the Cultivating Mode of Undergraduate Talents in Tourism Management: Literature Review, Analysis and Discussion

Study on the Cultivating Mode of Undergraduate Talents in Tourism Management: Literature Review, Analysis and Discussion Journal of Service Science and Management, 2015, 8, 496-501 Published Online August 2015 in SciRes. http://www.scirp.org/journal/jssm http://dx.doi.org/10.4236/jssm.2015.84050 Study on the Cultivating

More information

Research on logistics distribution networks of online retailers

Research on logistics distribution networks of online retailers ISSN 1816-6075 (Print), 1818-0523 (Online) Journal of System and Management Sciences Vol. 3 (2013) No. 2, pp. 51-59 Research on logistics distribution networks of online retailers Wei Wang 1 1 School of

More information

China s 12th Five-Year Plan: Healthcare sector

China s 12th Five-Year Plan: Healthcare sector China s 12th Five-Year Plan: Healthcare sector May 2011 KPMG CHINA One of the guiding principles of the 12th Five-Year Plan (5YP) is inclusive growth : helping ensure that the benefits of the country s

More information

中 国 保 险 中 介 监 管 及 其 对 保 险 消 费 者 的 保 护. China Insurance Intermediaries Regulation and Insurance Consumers Protection

中 国 保 险 中 介 监 管 及 其 对 保 险 消 费 者 的 保 护. China Insurance Intermediaries Regulation and Insurance Consumers Protection 中 国 保 险 中 介 监 管 及 其 对 保 险 消 费 者 的 保 护 China Insurance Intermediaries Regulation and Insurance Consumers Protection 1 China Insurance Intermediaries System Insurance Intermediary companies Insurance Agency

More information

Business Environment in Chengdu

Business Environment in Chengdu Business Environment in Chengdu Lingyun Wang Matti Muhos Miika Kreivi Pekka Kess Department of Industrial Engineering and Management Chengdu-Chongqing Economic Circle Leading cities - Chengdu - Chongqing

More information

Legislative Council Panel on Economic Services

Legislative Council Panel on Economic Services For discussion on 25 January 1999 Legislative Council Panel on Economic Services PROMOTION OF HONG KONG AS AN INTERNATIONAL SHIPPING CENTRE Purpose This paper aims to inform members of a series of new

More information

Studying on Construction Programs of the Platform of Primary Products Marketing

Studying on Construction Programs of the Platform of Primary Products Marketing Studying on Construction Programs of the Platform of Primary Products Marketing Gang Lu 1,Peng Lu 2,Cuie Liu 3 1,3 School of Management and Engineering, Shijiazhuang University of Economics, Shijiazhuang,

More information

www.pwccn.com Overview of China s Aircraft Leasing Industry Promoting industry development

www.pwccn.com Overview of China s Aircraft Leasing Industry Promoting industry development www.pwccn.com Overview of China s Aircraft Leasing Industry Promoting industry development PwC-Aircraft Leasing Abstract October, 2012 Index 1. China leasing industry and aircraft leasing industry an

More information

Trinity teaching method for architecture majors at engineering colleges

Trinity teaching method for architecture majors at engineering colleges World Transactions on Engineering and Technology Education Vol.12, No.3, 2014 2014 WIETE Trinity teaching method for architecture majors at engineering colleges Gengfang Xie Chang an University Xi an,

More information

Comparative Analysis of Shanghai and Hong Kong s Financial Service Trade Competitiveness

Comparative Analysis of Shanghai and Hong Kong s Financial Service Trade Competitiveness Comparative Analysis of Shanghai and Hong Kong s Financial Service Trade Competitiveness Ying Li Longfei Liu Lijun Liang Management School Shanghai University of Engineering and Science China Abstract

More information

International Shipping Center Affiliated with the International Financial Center Review

International Shipping Center Affiliated with the International Financial Center Review International Journal of Business and Social Science Vol. 5, No. 7; June 2014 International Shipping Center Affiliated with the International Financial Center Review Yan Yanfei 1 Master of Business Administration

More information

AREA STUDIES - CHINA: REGIONAL SUSTAINABLE DEVELOPMENT REVIEW Vol. III The Social Security System in China - Y. P. Liu

AREA STUDIES - CHINA: REGIONAL SUSTAINABLE DEVELOPMENT REVIEW Vol. III The Social Security System in China - Y. P. Liu THE SOCIAL SECURITY SYSTEM IN CHINA Y. P. Liu Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing, P.R. China. Keywords: Social security system, China

More information

LIFE INSURANCE INDUSTRY IN CHINA

LIFE INSURANCE INDUSTRY IN CHINA Unless otherwise indicated, the financial and market share information set forth in this section is based on information reported by companies to the CIRC. The reported information includes premium and

More information

Management & Engineering. Empirical Analysis of Factors Influencing RMB Internationalization

Management & Engineering. Empirical Analysis of Factors Influencing RMB Internationalization Management & Engineering 14 (014) 1838-5745 Contents lists available at SEI Management & Engineering journal homepage: www.seiofbluemountain.com Empirical Analysis of Factors Influencing RMB Internationalization

More information

Empirical Analysis on Urban Retail Business Spatial Distribution Influence Factors

Empirical Analysis on Urban Retail Business Spatial Distribution Influence Factors Empirical Analysis on Urban Retail Business Spatial Distribution Influence Factors ZHOU Chunhua, CHEN Jiandong School of Economics, University of Jinan, Shandong, 250022 Abstract: The development of urban

More information

The study and use of AHP in logistics and customer satisfaction

The study and use of AHP in logistics and customer satisfaction Available online www.jocpr.com Journal of Chemical and Pharmaceutical Research, 2014, 6(7):798-802 Research Article ISSN : 0975-7384 CODEN(USA) : JCPRC5 The study and use of AHP in logistics and customer

More information

Status of China s regional trading programs: progress and challenge

Status of China s regional trading programs: progress and challenge Status of China s regional trading programs: progress and challenge Fei TENG Institute of Energy, Environment and Economy, Tsinghua University 2013 Aug 13-15 Contents Background Pilot project at local

More information

Research on Construction Surety Bond Types in Land Consolidation in China

Research on Construction Surety Bond Types in Land Consolidation in China Research on Construction Surety Bond Types in Land Consolidation in China ZHANG Pengtao 1, WANG Lixiang 2 1 College of Rural and Urban Construction, Agricultural University of Hebei, Baoding, Hebei, P.

More information

Temporary Measures on Overseas Use of Foreign Exchange Insurance Funds 保 险 外 汇 资 金 境 外 运 用 管 理 暂 行 办 法

Temporary Measures on Overseas Use of Foreign Exchange Insurance Funds 保 险 外 汇 资 金 境 外 运 用 管 理 暂 行 办 法 Temporary Measures on Overseas Use of Foreign Exchange Insurance Funds 保 险 外 汇 资 金 境 外 运 用 管 理 暂 行 办 法 Chapter I General Provisions Article 1 These Measures are formulated in accordance with the Insurance

More information

The Empirical Research of the Impact of GDP and Exchange Rate on Foreign Exchange Reserve Scale in China-Based on Quantile Regression Model

The Empirical Research of the Impact of GDP and Exchange Rate on Foreign Exchange Reserve Scale in China-Based on Quantile Regression Model Research Journal of Applied Sciences, Engineering and Technology 5(6): 2113-2117, 2013 ISSN: 2040-7459; e-issn: 2040-7467 Maxwell Scientific Organization, 2013 Submitted: July 27, 2012 Accepted: September

More information

The Influence of the Disney Theme Park in Shanghai Related Industries

The Influence of the Disney Theme Park in Shanghai Related Industries International Journal of Business and Social Science Vol. 5, No. 11; October 2014 The Influence of the Disney Theme Park in Shanghai Related Industries Songxiaoxiao School of Management Shanghai University

More information

1. LI Feng-nan 2. SUN Yu School of Government, Beijing Normal University, Beijing, P.R. China, 100875

1. LI Feng-nan 2. SUN Yu School of Government, Beijing Normal University, Beijing, P.R. China, 100875 ICPA 2015 International Conference on Public Administration (ICPA 11 th ) Impact Study of Intergovernmental Competition on Local Government Portal Website Accessibility An Empirical Analysis of Minority

More information

Research on the Facilitation of E-commerce Technology Development on New-type Urbanization Construction in the Internet of Things Era

Research on the Facilitation of E-commerce Technology Development on New-type Urbanization Construction in the Internet of Things Era , pp.23-238 http://dx.doi.org/.4257/ijunesst.25.8.3.22 Research on the Facilitation of E-commerce Technology Development on New-type Urbanization Construction in the Internet of Things Era Li Jia li and

More information

Development of Public Private Partnerships (PPPs) in China

Development of Public Private Partnerships (PPPs) in China Development of Public Private Partnerships (PPPs) in China Dr Paul H K Ho Chairman, Quantity Surveying Division The Hong Kong Institute of Surveyors Associate Head, Division of Building Science and Technology

More information

Cyber Security and the Impact on Banks in China

Cyber Security and the Impact on Banks in China Cyber Security and the Impact on Banks in China Regulatory Policy Development and Updates March 015 kpmg.com/cn Executive Summary The China Banking Regulatory Commission (CBRC) issued two circulars (Circulars

More information

Financial logistics risk assessment and management based on the warehouse receipt pledge

Financial logistics risk assessment and management based on the warehouse receipt pledge Available online at www.pelagiaresearchlibrary.com Advances in Applied Science Research, 5, 6(7):7-75 ISSN: 976-86 CODEN (USA): AASRFC Financial logistics risk assessment and management based on the warehouse

More information