THE IMPACT OF INTEREST RATE LIBERALIZATION ON THE OPERATING PERFORMANCE OF THE TOP TEN COMMERCIAL BANKS IN CHINA

How to survive and develop better in the process of interest rate marketization reform has always been the focus and research direction of financial institutions. In this paper, through the evaluation and calculation of interest rate marketization into an index, sorting out the relevant indicators and data in 2009-2018, using regression model to study the impact of interest rate marketization on the performance of China's top commercial banks.

Will Rural Collective-Owned Commercial Construction Land Marketization Impact Local Governments’ Interest Distribution? Evidence from Mainland China

To promote the harmonious human-land relationships and increased urban-rural interaction, rural collective-owned commercial construction land (RCOCCL) marketization reform in some pilot areas was a new attempt by the Chinese Central Government in 2015. In this areas, a novel interest distribution system was established with the land right adjustment and the corresponding local governments were likely to benefit through taxation and land appreciation adjustment fund. This study proposed the hypothesis that the RCOCCL marketization reform would improve local government revenue, and explored the actual effect based on panel census data of county-level administrative units from 2010 to 2018. We applied the difference-in-difference (DID) method to analyze the causal effect of this reform on fiscal revenue with 29 pilot areas selected as the treatment group and 1602 county-level units as the control group. The empirical results of the optimized DID robustness test models and the Heckman two-step method showed that the RCOCCL marketization reform does not have a significant impact because of lower land circulation efficiency, the transfer of land transaction costs, and the policy implementation deviations. Thus, weakening the administrative intervention of local governments in the RCOCCL marketization is essential to the land market development in China.

Analysis On The Path And Difficulties Of Chemical Energy Marketization Reform

Chemical energy market-oriented reform is a series of important meeting requirements of the central government, which has a very arduous reform task in the context of the information age. In view of this phenomenon, analysis on the path and difficulties of chemical energy marketization reform. The market-oriented reform of chemical energy is the requirement of a series of important meetings of the central government, which has a very arduous reform task in the context of the information age. In view of this phenomenon, the path and difficulties of chemical energy market-oriented reform are analyzed. Build a complex of multiple system subtypes, integrate the price, output, benefit and other indicators of chemical materials to reach a balance point, and meet the different needs of market-oriented reform of different chemical energy enterprises; coordinate the overall reform of the whole industrial chain, including the top-level design of the whole industrial chain reform, the combination of state-owned enterprise reform and chemical industry reform, and the reform of government approval In addition, we should take a comprehensive view of energy and environment, and vigorously develop renewable energy and clean energy. Through the analysis of the difficulties in the market-oriented reform of chemical energy, it is concluded that: at present, the administrative measures for the market-oriented reform of chemical energy in China are temporary but not permanent, most energy enterprises think that the attraction of the proposed policies is low and can not promote the market-oriented reform of chemical energy enterprises; the energy system can not be typified, and it is difficult to classify it as planned economy or market economy based on the atypical characteristics of chemical energy market Market economy increases the difficulty of chemical energy market-oriented reform.

Analysis of the Impact of Interest Rate Liberalization on Financial Services Management in Chinese Commercial Banks

With the advancement of China's interest rate marketization reform, commercial banks' net interest margin has narrowed. This paper selects 16 representative listed banks as the research object and conducts an empirical analysis from the two dimensions: profit level and profit structure. The study finds that the marketization of interest rates promoted the narrowing of net interest margins caused by the narrowing of net interest margins, and the profitability of commercial banks was suppressed. The narrowing of net interest spreads forced commercial banks to actively expand their intermediate business activities and adjust business structure correspondingly. The narrowing of net interest spreads has different impacts on the profitability of commercial banks of different sizes.

Embeddedness dilemma and alternative commoditization of social economy in rural China: a case study

This article identifies different aspects of the embeddedness dilemma in a rural social economy project in South China. The term ‘alternative commodification’ is proposed to summarize the practitioners’ strategy. This strategy highlighted social embeddedness of economic development, but on the other hand involved the village deeper into the commodification process. Participants of the project only focused on newly emerged economic opportunities, with little concern of the embeddedness goal. Based on social transformation theory of Wright, the article also identifies two social reproduction mechanisms brought by marketization reform as structural barriers for realizing embeddedness goal: universal commodification and consumerism, both of which intensify villagers’ demand for cash income and ignorance of social dimensions of the project. Future research also needs to identify more barriers and methods to overcome obstacles in the process of developing social economy.

Business Risk Evaluation of Electricity Retail Company in China Using a Hybrid MCDM Method

Electricity retail marketization reform is in progress in China, and many electricity retail companies (ERC) have been founded. The comprehensive evaluation of business risk for ERC can help effectively manage business risk and reduce risk loss, which is vital for its healthy and sustainable development. In this paper, a new hybrid multi-criteria decision making (MCDM) method integrating the Bayesian best-worst method (BBWM) and improved matter-element extension model (IMEEM) is proposed for business risk evaluation for an ERC. The latest group MCDM method, namely the BBWM is employed to determine risk criteria weights, and the IMEEM is used to rank the business risk of ERC. The evaluation index system is built including three aspects of economic operation risk, marketable risk and political risk. The business risk of ERC in China is evaluated by using the proposed MCDM method, and the result shows the current business risk belongs to ‘High’ grade and closer to ‘Very High’ grade more. The proposed MCDM method for business risk evaluation of ERC is effective and practical, which can provide references for risk management and sustainable development of ERC.