An Improved BPNN Algorithm Based on Deep Learning Technology to analyze the Market Risks of A+H Shares

The backpropagation neural network (BPNN) algorithm of artificial intelligence (AI) is utilized to predict A+H shares price for helping investors reduce the risk of stock investment. First, the genetic algorithm (GA) is used to optimize BPNN, and a model that can predict multi-day stock prices is established. Then, the Principal Component Analysis (PCA) algorithm is introduced to improve the GA-BP model, aiming to provide a practical approach for analyzing the market risks of the A+H shares. The experimental results show that for A shares, the model has the best prediction effect on the price of Bank of China (BC), and the average prediction errors of opening price, maximum price, minimum price, as well as closing price are 0.0236, 0.0262, 0.0294 and 0.0339, respectively. For H shares, the model constructed has the best effect on the price prediction of China Merchants Bank (CMB). The average prediction errors of opening price, maximum price, minimum price and closing price are 0.0276, 0.0422, 0.0194 and 0.0619, respectively.

Designing and using central bank digital currency: China's experience

Subject. This article examines the main characteristics of a central bank digital currency and describes the procedure for designing and using the digital yuan in China. Objectives. The article aims to consider the positions of the leading countries on the need to introduce a digital currency, its risks and development prospects, and analyze the feasibility and main provisions for the introduction of the digital yuan into monetary circulation. Methods. For the study, we used economic and statistical analyses, and comparison. The National Bank of China statistics were used when preparing and conducting the study. Results. The article presents an analysis of the experiment on the implementation of settlements using the digital yuan and determines the most significant difference between the digital yuan and the cryptocurrency. Conclusions. China is the first country to launch a pilot test of the digital yuan, which has so far been successful. Despite the many advantages, the internationalization of the yuan looks possible in the long term only. The presented data can be used in the development and conduct of an experiment on the introduction of the digital ruble in the Russian Federation.

International legal and national regulation of digital currency: the experience of China and the EU

The article discusses the issue of legal regulation of the digital currency of central banks. The experience of international organizations, as well as the fi rst steps in this direction from China, represented by the People’s Bank of China and the European Union, represented by the European Central Bank, are examined.

A Study on the New Roles of China’s Commercial Banks in the Construction of Digital Government

Digital government is a new government operation mode supported by the new generation of information technology, which is based on the reconstruction of e-government and the integration of intelligent technology. In terms of the relationship between economic foundation and superstructure, digital government is an inevitable requirement and adaptation form for the development of digital economy. As an important participant of digital economy, commercial banks play an active role in promoting the construction of digital government. This paper focuses on the new roles of commercial bank of China in the construction of digital government, namely the integrator of digital government scenario extension, the promoter of digital government platform application and the partaker of cost-sharing for digital government construction. Based on the relationship between banks and governments in the new era, the paper also briefly analyzes the driving force and innovative development path of domestic commercial banks in digital construction.

Na rota do crescimento

Zhang Guanghua aprendeu a falar português ainda quando cursava estudos internacionais na Shangai International Studies University. Foi um aprendizado bastante útil para a sua carreira no Bank of China, um dos quatro maiores bancos estatais do país e o mais antigo a operar continuamente. Trabalhou por cinco anos na filial de Macau e está no comando da operação brasileira desde 2012. Em entrevista exclusiva à GV-executivo, Zhang conta que, no Brasil, as operações vêm crescendo rapidamente, acompanhando a intensificação do comércio exterior e dos investimentos diretos entre os dois países. Também fala sobre as diferenças e semelhanças culturais de gestão entre brasileiros e chineses, reflete sobre questões socioambientais e de sustentabilidade em ambos os países, bem como quais são as condutas do banco nesse sentido.

New development on regulation of cryptocurrency in China

Purpose To describe recent regulatory developments in China on digital renminbi (RMB), initial coin offerings (ICOs), cryptocurrency holdings, cryptocurrency exchanges and blockchain technology. Design/methodology/approach Describes a digital RMB pilot program, seven government agencies’ bans on ICOs and cryptocurrency exchanges, the legality of holding and trading cryptocurrencies in China and the government’s endorsement of blockchain technology. Findings No PRC law or regulation prohibits Chinese investors from holding or trading cryptocurrencies but Bitcoin is defined as a virtual commodity, not a currency. Despite a ban on ICOs and cryptocurrency exchanges, the People’s Bank of China (PBOC) and other government agencies endorse blockchain technology as long as its goal is to service the real economy. Originality/value Expert guidance from lawyer with experience in foreign investment, cross-border mergers and acquisitions, capital markets, fund formation and venture capital and private equity investments in China.

Personal data security in PRC: vectors of improving legal regulation in the financial and banking sector

The object of this research is the legal relations in the sphere of regulation of personal data security in the financial and banking sector of the People's Republic of China. The characteristics is given to the current legislation of China (Civil Code, Personal Information Protection Law, and Cybersecurity Law), existing or draft bylaws in the field of personal data security. Attention is given the second revision of the draft law on personal information protection, as well as determination of the institutional mechanism for ensuring personal data security. The article examines the peculiarities of regulation of relations in the sphere of ensuring personal data security in the financial and banking sector, as well as characterizes  the role of the financial regulator in this mechanism. The development of the mechanism for personal data protection is at completion stage; besides the adoption of the Civil Code of the People's Republic of China, which establishes the framework for regulation, two of the three special laws – Personal Information Protection Law and Cybersecurity Law – have already been adopted. The flagship law on Personal Information Protections is expected to be adopted by 2021. The aforementioned laws encompass all spheres of information security and ensure strong data protection regime: outline the scope of regulation, objects and subject composition, responsibility, and institutional control mechanism. The legal regime covers such aspects of relations as personal data of deceased persons, persons with reduced capabilities (due to age and health), as well as transnational data transfer. At this point, the financial and banking sector features a number of bylaws that set strict standards for ensuring personal information protection. The leading role in this mechanism is played by the financial regulator – the People's Bank of China. The standards adopted by the People’s Bank of China require further examination, which would allow formulating recommendations for the improvement of the Russian legal system.