The Analysis of Official’s Properties Declaration System in China
To construct a clean government is a long dream in history. Chinese socialist system is a new type of social system in the world. However, history has told us that the corruption can be also in the socialist system. “Corruption is hidden curse in the government’s authority, a man who was awarded a piece of authority would face with the temptation of corruption which is beyond the moral line and justice.” In fact, Chinese corruption problem is very serious, it ha s threaten the stability of social and the development economic and prosperity. In recent years, a variety of social phenomenons has showed that corruption has been a focus in public. Although in a short period of time Corruption is difficult to be eradicated , it can be controlled and prevented by positive measures in the future. There is the need to carry the fight against corruption further and build a clean and honest government.This article is divided into four parts for the study of the property declaration system of civil officers , the first part describes the meaning of property declaration system, as well as the main elements of property declaration system. A major reason that people object the property declaration system is the civil servants have right to keep privacy of the individual, it’s unfair to ask the civil servants to declare their personal property. According to the Constitution law, citizens have the right to protect their privacy, the objected view seems to be in accordance with the force of law, follow the principles of the Constitution, but they forget the special nature of the Government’s civil servants, the servant can exercise public power which is given by the people. The public power must correspond with the obligations, the civil servants need declare personal property in order to supervise the public power operate better . In the first part, it also introduced Chinese current laws and regulations about the civil servants to declare their asset, Chinese government has been very concerned about the construction of laws and regulations about the declaration property of the civil service. But as the current level of legal surroundings, we need the civil servants to declare property law. The second paper of this article focuses on the legal basis of the property declaration system, the principle of rights and obligations, theory of the identity of civil servants, and the theory of public power, these theoretical basis are drawing from some points of view in the west, after all, the property declaration system begun in modern western society. The third part contains the property declaration system in United States, South Korea and Hong Kong. It discloses these countries and regions’ current systems and the characteristics, in order to improve the property declaration system of civil servants in China. The fourth part of the article which is followed the third part analysis the problems on current declaration property system in China, then focus on analyzing the reasons for these problems. As our country’s political, economic and cultural realities, we must establish Chinese own declaration property system. We can learn from the experiences of other countries and regions to build the advanced system with Chinese characteristics. The property declaration system contains the forum of civil servants who declare their assets, the scope of assets, the declaration procedures, and the responsibilities.Anti-corruption has been a hot issue during the two most important political events in China. On fighting corruption, many deputies gave their own ideas, and many believed setting up an official property declaration system is one way. Liu Xirong, a National People’s Congress deputy, however, pointed out how to define property is one of the biggest obstacles in officials’ property declaration. It is widely believed that officials’ bank deposits can be regarded as their property, but should other properties like houses, automobiles and stocks also be declared? The government should strengthen the punishment for the crime of Unknown Origin of Immense Amount of Property. China’s Criminal Law stipulates that if judicial departments don’t have sufficient evidence to prove the accused official guilty, the maximum penalty for the crime of Unknown Origin of Immense Amount of Property is 5 years. This has become the motive that many corrupted officials try their best to disguise their gray income. The newspaper quoted another senior official as saying that currently China lacks a sound finance management system to supervise individual’s property. The newspaper suggested building such a system to manage the property transaction and supervise the declaration process of officials’ property. The paper concluded that only under this more sophisticated finance system can the officials will have a clear mind to discipline themselves and declare their properties thoroughly.The implementation of the property declaration system of civil servants is to prevent corruption, in order to reduce opportunities for crime, so this system can lead the cadres and civil servants to accept supervision positively. The new sunshine laws cover more ground than the one before. The proposals regulate not only public servant exercise of power but also conflicts of interests after retirement or in subsequent employment, the acceptance of political donations and lobbying in the legislature. They are stricter and more sophisticated, and extend to party assets and political donations as well as campaign spending. The objective of proposing these sunshine bills is to pursue clean governance and set up a system of regulations that create a reasonable and reliable relationship between politicians and business circles. It is hoped that the government and the opposition will heed the public’s poor view of corruption and desire for cleaner government. Fresh progress was made in the effort to build clean and honest government and in the struggle against corruption.
Foreign Capital Utilization Efficiency Analysis in China
Since the policies of opening to the outside world,the amount of introducing foreign investment have increased with years. The scale of our incorporating foreign direct investment maintained a good momentum of growth ,from 110.07 hundred million dollars in 1992 to 923.95 hundred million dollars in 2008. In comparison with the developing countries, our achievements of introducing foreign investment were obvious. The foreign capital inflow solved the problem of capital scarcity , upgraded the industrial structure , accelerated the developmentment of new high-tech industry , promoted the technical progress and managerial and administrative expertise , enlarged job opportunity and made an important contribution to economic growth.But we pay attention to the positive effect of the utilization of foreign capital and impaired its efficiency. The financial crisis influence the efficiency of the utilization of foreign capital. Under these circumstances,we must make an intensive study of the factors of influencing the efficiency of the utilization of foreign capital.Economics believes efficiency is optimizing the allocation of resources. The efficiency of the utilization of foreign capital means the use of the right amount of foreign capital on the condition of taking full advantage of the utilization of domestic capital.The inefficiency of the utilization of foreign capital register as the foreign capital inflow and the speculative foreign capital inflow on the condition of wasting domestic capital. Many scholars at home and abroad think the scale of utilization of foreign capital in our country is large and inefficient. They grouped the lower efficiency of utilization of foreign capital into two specific manifestations: First, the existence of negative savings gap and the inflow of foreign capital at the same time; second, the inseparability of substantial foreign capital inflows and capital flight.The development of the form of China’s foreign capital utilization showed a clear phase. Phase One: exploratory stage of budding (1979 -1984); the second phase: the initial investment phase (1985 -1991); the third phase: the rapid development phase (1992 -2001); the fourth stage: stable development stage (2002-present). From these stages of development we can see that our country still faced with many problems at the utilization of foreign capital: First of all, our country did not make good use of domestic capital while used foreign capital. The use of foreign capital can only be supplementary to the use of domestic capital, but can not replace the use of domestic capital. From the situation of China’s current investment and consumption,it is not necessary to incorporate foreign investment.Second, preferential treatment for foreign capital undermines fair competition in operating mechanism of the market. Foreign-invested enterprises rely on its own strong financial resources, and special preferential policies to develop and expand rapidly. Third, our country only pays attention to the volume of incorporating foreign investment, neglects the quality of incorporating foreign investment and our country’s industrial structure, such irrational mentality plays a strong role in misleading in the present reasonable use of foreign capital, exacerbates the imbalance of China’s industrial structure and regional structure. Fourth, the introduction of foreign investment is low technological, inadequate and duplicate. Finally, the financial crisis have a significant impact of incorporating foreign direct investment of our country .Our country today not only has the above shortcomings on the use of foreign capital, but also has some factors of impact of improving the efficiency of using foreign capital. First, in the form of financial monopolies, our country lack of reasonable use of domestic capital with the strange phenomenon of household savings and bank’s grudging loan. Secondly, non-marketing interest rates also reduce the efficiency of utilization of foreign capital. Third, non-marketing exchange rates resulted in expansion of inflow of foreign capital into our country, this inflow of foreign capital are improper and inefficient, we should attack the damage of hot money to China’s economy. Fourth, overseas processing trade makes effective use of China’s relatively inexpensive labor costs and land costs in order to gain high profits, but it does not effectively contribute to our country related to the level of industrial technology and improve trade structure optimization. Finally, the boosting role of foreign-funded enterprises to domestic enterprises have obvious relationship with foreign-funded enterprises and the technical management level.After analyzing China’s current problems of utilization of foreign capital and the factors of causing inefficient use, in the situations of the new international and domestic we must take effective countermeasures. First, we should deepen and strengthen financial to improve foreign capital utilization efficiency gradually. Second, we should vigorously strengthen the building of foreign-related economic laws, put the use of foreign investment into the legal system of a standardized track. Third,we should guide foreign investment to optimize the investment structure reasonably. Fourth, our country should focus on the use of foreign capital from emphasis on the quantity to quality and efficiency, that is,maintaining an appropriate use of foreign direct investment to optimize the quality of foreign-invested enterprises ,to encourage the development of large scale, advanced technologies, scientific management of high-quality foreign investment enterprises. Fifth, we should take appropriate means to prevent the monopoly of transnational corporations, to protect national industry. Finally, we should balance domestic development and opening to the outside world, to deal with global financial crisis.The above-mentioned , we identify the factors of impact of efficiency of utilization of foreign capital find out the reasons of impact the efficiency of utilization foreign capital, provide some reference to the use of foreign capital for our country,ensure the efficiency of utilization of foreign capital in China, so that our country improve international competitiveness through the use of foreign capital.
Financial Services in Rural Areas of Jilin Province and Countermeasures
Rural finance survives in its reform, and develops in innovation. It has made tremendous contributions in rural economy in different historical periods. As the reform is required, variety of financial systems based on policy, commercial and cooperation have been forming a main structure of rural finance in China. In a long term, rural finance system in our country has to take responsibility to support agriculture industry despite of the non-performing capital and high risk. Moreover, the finance system can hardly run because of non-standard internal system of the inefficient management, strict external management environments and the original developmental defects in rural market. The main problems in the internal system contain the low quality of stuff’s performance, over extensive management, lack of awareness of risk management, and risk evaluation. Defects of external business contain poverty of the rural areas, frequent disasters, policy obstacles and lack of credibility. Both of external and internal problems increase the difficulties in rural finance management which make the constructive adjustment hard to carry into execution.Jilin province is a major agricultural province. The agriculture output is a large proportion of the whole economy. The rural finance reform in Jilin has always been guided by the Chinese finance reform policy. But the rural credit cooperatives kept changing its affiliated organizations. The affiliation cannot be confirmed yet, and nobody knows the future of rural credit cooperatives. Aiming at the problems emerging in rural credit cooperatives in Jilin, comments and suggestions will be given.In this paper, the main contents are as follows:First, the author sums up the present national and international research in cooperative finance system, and illustrates the policy changes of corporative finance system in detail. It can be concluded that the international cooperative finance system has gone through different stages:Phase 1: The freedom stage of development in cooperative finance. This stage mainly focuses on: the definition of principles of cooperative finance, the confirmation of stuff’s duty and right and the development of financial organizations operating. Phase 2: Country-intervened stage in credit cooperatives. This stage mainly focuses on those aspects as follows: the study of legislation of cooperative finance; the issues concerning about the expansion of organizations of cooperative finance, such as: the relation with the government, the complement and amendment for the construction of cooperative finance system, the establishment of association. Phase 3: the emphasis in cooperative finance system during a transitional period are: prevention of management risks, protection of capital in cooperative finance organization; the construction and the improvement of insurance system of cooperative finance, the research about feasible scale for cooperative finance enterprises, further economic study for cooperative finance; assembly, union, merge of cooperative finance; performance innovations and operation internationalization; cooperative finance organizations and the relationship with the other affiliated organizations.(2) Next part is concerning about the basic explanation of rural cooperative finance theory. First, the author defines the rural finance system and points that rural credit union, rural cooperative bank, agriculture development bank, agriculture bank, agriculture insurance system all belong to rural finance system. Second, the author discusses the origin and development of cooperative finance system and specifically describes the history of original credit cooperatives,and the characteristics of early credit cooperatives. Then, four aspects are presented to explain the definition of cooperative finance. At last, the author discusses the developmental process of credit cooperatives system; and describes its formation, development and changes in detail.(3) Compared with the rural cooperative finance system of developed countries in organization, the business operating, legislation, government funding, supervision institution, the brief analysis are given based on the characteristics of cooperative finance system in the three foreign countries. Their successful experience is a good pattern for our country in practice.(4)From the research of finance record in Jilin province, the author summarizes the history of rural finance serving in Jilin , then five phases can be divided diachronically based on the basic ideas in rural finance severing. Then the author sums up the main issues in reform of rural credit cooperatives of Jilin province. The obscurity of property and improper corporate organization are still the chief problems. As for the problems concerned, suggestions and strategies are presented. First, the question is that which one does the reform of property regulations should mainly depend on, shareholder-oriented or cooperation-oriented?The author suggests that the answer should depend on the specific situation, and bases concrete analysis on concrete problems. Secondly, properly deal with the inherent problems in history. Thirdly, set up the scientific concept of development; establish a long-term stable mechanism in capital environment.
The Research and Implementation Based on the Gabor Filter Bank to Improve Fingerprint Image Recognition
Due to their uniqueness and persistence, fingerprints are used as main basis of personal identity. Automated fingerprint identification system, a technology of fingerprint identification using computer, is of convenience, high efficiency,security and reliability. It has been applied in many fields such as financial security, data encryption, electronical business and will play a more and more important role in our life.In this paper, I systematically study automatic fingerprint identification theory and technology, and it focuses on filter bank-based automatic fingerprint identification technology. The proposed filter-based algorithm uses a bank of Gabor filters to capture both local and global details in a fingerprint as a compact fixed length FingerCode. The fingerprint matching is based on the Mahalanobis distance between the two corresponding FingerCodes. I discuss locating reference point, designing Gabor filters, filtering and constructing, extracting features and matching one by one. In this process, I analysis and contrast the superiority-inferiority of some algorithms related to automatic fingerprint identification technology.Fingerprint solution was proposed on the rotation of the Fingerprint Recognition problem. I research a threshold segment arithmetic based on gray characteristic, which contains fixed threshold segment algorithm and dynamic threshold segment algorithm.I develop a filerbank-based automated fingerprint identification system. Compared with traditional Gabor-based fingerprint recognition algorithm structure,the experiment result shows that it works well with good recognition rate, stability.
Project Management and Knowledge Management Mechanism for Positive Interaction in the C Enterprises
In response to the project itself with the resource constraints, changes in demand uncertainty, a clear results-oriented features, it is for the success of the project, the introduction of project management. International standards, particularly in knowledge systems projects within the framework of project management, goals for the project to provide a strong infrastructure. The project also carries enhance enterprise competitiveness, the strategy for the enterprise service task, which requires the introduction of knowledge in project management tools to enable the projects to short-term goals and long-term strategic business objectives, so that the resources of both companies be fully utilized, at the same time, enterprises can optimize resources.In this paper, on the Project Management Body of Knowledge and knowledge management system based on a comprehensive understanding, resource constraints limited the project under the conditions of practice for the background of project management and knowledge management mechanism for positive interaction in-depth analysis of the interaction between the main set of the scope of established project management and knowledge management objectives consistent patterns of interaction were classified, from competition for resources, project management, time management, human resources management in four aspects of project management activities and knowledge management activities in the interaction mechanism description, and analytic hierarchy process for knowledge management time involved in project management from the value of value-added, risk control, progress control, project culture, maturity, resources to carry out a performance evaluation perspective, come to sum up: The timing of the interaction knowledge Early intervention in the management of project management, the management of the value of the conclusions of the more gifted.This paper introduced a knowledge map and collaboration platform, these two project management tools to promote interaction and knowledge management play better, and finally by analyzing the C core of the existence of the business conflict, the goal of proposing solutions to develop solutions to tackle the problem, in particular, put forward a training in three phases, and D Bank as an example of a software project, showing a C project management in various stages of the implementation of specific knowledge management, enterprise knowledge resources to improve the system to update.
Efficiency Study on Commercial Banks in China Based on Improved DEA
Study on the efficiency of commercial banks was one of the important subjects which studied by the international monetary sector community and the regulatory authorities in the past 20 years. To commercial banks, the efficiency is the core of the operation and management.The efficiency determines banks’ competitiveness. The essence of the financial crisis full-blown in 2008 is also closely related to the efficiency of the banks. The efficiency of commercial banks in China is lower than the foreign developed countries. At present, China has fully opened the domestic banking market. In the face of increasing fierce competition, the relevant departments shuold put the research on China’s commercial banks’efficiency on the agenda.This paper adopts the improved DEA model to study the efficiency of commercial banks in China. Firstly, according to the principle of building a index system, in order to study the efficiency of the banks in China, this paper used the quantitative analysis to build the input-output index system based on qualitative analysis,and then put forward two methods to verify the reasonableness of the selected index; Secondly, the super-efficiency DEA model was improved when studied the efficiency. Due to the objective reality,output is lagging investment.This paper injected the lag effect into the model to measure the efficiency of 12 commercial banks in China from 2001 to 2005, and get the efficiency rank of every bank;Thirdly,in view of the existing DEA model failing to evaluate the dynamic efficiency,this paper used Malmquist Index to study the dynamics efficiency of the banks.The empirical results shown that: The gap between the value of the four state-owned banks’efficiency become narrow increasingly; Overall, state-owned commercial banks’efficiency is lower than the joint-stock commercial banks;The performance of Malmquist Index of the commercial banks in China is in the overall rise with small fluctuations,it indicates the production effectiveness of the commercial banks in China is improving. Finally, this paper put forward some policy recommendations based on empirical results.
The Network Externality and Space Information Technology Poliferation
Spatial Information Technology industry is High-tech industry which is with strong integrated technology,system integration and with a high degree of Knowledge-intensive and technology-intensive.China has formed acomprehensive Spatial Information Technology application system at the core of satellite communications, satellite remote sensing, satellite navigation and geographic information systems. As a special military industry, It has non- balanced-operating and technology-driven features. it also reflected comprehensive national strength in the window and own broad prospects for development. High-intensity R & D investment and the continued pursuit of leading technology features is to ensure that its overall technological level is ahead of other sectors. Application is of great significance for China to promote the spread of information technology. Therefore this paper has strong practical significance for the spread of Spatial Information Technology.it can be analyzed from a veriety of perspectives that the proliferation of spacial information techniques are restricted by the Network externalities.For one thing ,Spatial Information Technology Poliferation has the network externality to be same with as network industries: the software industry, communications industry and so on.. Product with the external network all performance that the value of users increase as the users increases who buy the same product or compatible products . For another thing,the spread of space information technology in the process more performance for the information technology in the modern network industry’s application, outside the network industries inherent in the external network of industry in the integration of space affects the spread of information technology.Firstly, on the basis of relative research abroad, focusing on the technique proliferation, network externalities and space information technology proliferation this thesis hackles and evalutes their contents, methods and process.Secondly, this thesis analyzes the origin of the Network externalities as well as their classifications and features. it bulids the relationship between space information technology proliferation and network industy. Thirdly, this thesis describes the behavirial optional mechanism of the creative resourses proliferation subjects, and has done research on the relationship between industry network rapportsand the network externalities. Fourth, beginning from the syncretic development of space information technology proliferation and network industry, as well as considering the influence, this thesis concludes the market structure and performance of space information technology proliferation. the last point is that taking ATM network as a example, the thesis has testified that the satellite communication technology which the bank adapted does influenced by the network externalities.
Empirical Analysis on the Efficiency and Its Influence Factors of Chinese Commercial Banks
Banking is the channel of national economy fund flow, and the bank efficiency can directly reflect the competence of a bank. With the gradual opening up of the domestic financial sector, Chinese commercial banking industry will face unprecedented challenges. It lies in raising competitiveness to deal with the challenge successfully.Efficiency is the concentrated expression of competition ability in the banking sector, so it is crucial to win the challenge with increasing the efficiency. This paper studies the efficiency of commercial banks in China, it has both significant theory value and important practical significance.This thesis is in the basis of general theory of commercial banks’efficiency, it uses factor analysis method and DEA method to calculate every sample bank’s efficiency through the statistical data of 17 Chinese commercial banks in the years of 2004 to 2007. Then it compares the efficiency diffirences in the basis of two angles of view, which is the diffirent system and listing banks or not. This thesis introducts the Malmquist index in order to survy the dynamic change of Chinese commercial banks efficiency. This thesis also use Tobit regression ananysis to research the influencing factors of Chinese banks’efficiency, then it puts forward several proposals to improve Chinese commcial banks’efficiency.Through the quantitative analysis,the conclusions which the paper draws are as follows:there are four main factors through factor analysis, which is profit factor、quannity of asset factor、sufficiency of capital factor and fluidity factor. Chinese commercial banks’cost efficiency is a bit low through DEA analysis calculating and the main reason is its’allocative efficiency is inefficient. As the contrasion of diffirent system banks,the city commercial banks’efficiency is the best, then it is joint stock system banks, and the state-owened banks is in the final. What’s more, the Chinese argriculture bank’s efficiency is the worst all reseach years. The listed banks’efficiency is better than non-listed banks.The best asset scale of Chinese bank is 300-500 billion yuan.There are several factors to influce Chinese banks’efficiency:Asset scale、Structure of property rights、Degree of innovation、Ratio of cost-income、Total assets yield、Concentration of shares,and the total assets yield has the greatest impaction on Chiness commercial banks.
Affection of RMB Rate Change on International Competitiveness of Agricualtural Products in China
Before 1994, China has adopted a fixed exchange rate system and the double-track exchange rate system. Exchange rate after the merger in 1994, China has shifted to adopt market supply and demand-based, managed floating exchange rate system. On July 21st, 2005, People’s Bank of China issued “about improving the RMB exchange rate formation mechanism reform announcement,” Since then, RMB is no longer pegged to the U.S. dollar, begin to adopt greater flexibility floating exchange rate system, this system based on market supply and demand, reference to a basket of currencies. Since the exchange rate reform has been the increasing appreciation of the RMB, RMB exchange rate constant strength, and even hit a record high of RMB against the U.S. dollar continuing to decline, has fallen below 8 yuan, 7 yuan mark, the U.S. dollar against the yuan to reach the minimum one U.S. dollar 6.8009 yuan ( September 23rd, 2008).RMB appreciation has an enormous impact on economic development, therefore, also to the agricultural economy and rural development. RMB appreciation has an important impact of international competitiveness of Chinese agricultural products. China has accessed to the WTO more than seven years, Chinese agriculture has also gradually integrated into the global competition. Researching the affection of RMB exchange rate change on international competitiveness of agricultural products in China and proposing corresponding countermeasures, is very important to promot Chinese agriculture restructuring, to guide Chinese agricultural trade practice, to clear international division of Chinese agricultural products, to achieve agricultural modernization and sustainable. Looking at the research about the affection of RMB exchange rate change on international competitiveness of agricultural products, most research used quantitative analysis method and many statistical data, from the quantity of export of agricultural products, and prices of agricultural products at the point of view of international trade the international competitiveness, the conclusion of the study on competitiveness is basically a general evaluation, and formed a series of valuable recommendations.In this paper, the integrated use of international economics, international trade, international finance, econometrics, statistics and other multi-disciplinary theories and methods, focusing on agricultural products, improve the international competitiveness of the subject, using the theoretical model and empirical studies combining evidence research-oriented approach, through the People’s Republic of China General Administration of Customs officials organize Net, People’s Republic of China Ministry of Commerce official website, People’s Republic of China Ministry of Agriculture official website, UN Food and Agriculture Organization (FAO) official website, the Federal Reserve Economic Database Net, as well as BIS, such six official publication of the official website literature and public statistical data, analyzing the status quo and existing problems of international competitiveness of Chinese agricultural products, based on this analysis of the RMB exchange rate changes on Chinese agricultural export trade, the international market share, trade competitiveness index and Revealed Comparative Advantage index of the four reaction of the international competitiveness of agricultural products indexes of the mechanism, using the base period data Calibration of the relevant parameters, and statistical software through computer simulation, to estimate a different appreciation of the affection on RMB exchange rate change on the international competitiveness of Chinese agricultural products. Model-based analysis of the main conclusions are: the current real effective exchange rate of RMB and Chinese agricultural exports significantly negatively correlated, and its more than 2000 per one percentage point appreciation of our country led to decline in agricultural exports 239 million U.S. dollars, so that China decline in the share of the international market of agricultural products 0.019 %, so that Chinese agricultural products RCA Revealed Comparative Advantage index fell 0.66 percent; Last year’s RMB nominal effective exchange rate appreciation in 2000 for every 1 percentage point decline in our agricultural exports 366 million U.S. dollars, so that Chinese agricultural products revealed comparative advantage index RCA dropped 0.69 percent. That the effective exchange rate of RMB on China’s international competitiveness of agricultural products affected significantly, the effective exchange rate of RMB appreciation means that international competitiveness of Chinese agricultural products weakened.Changes in the RMB exchange rate appreciation driven by the negative effect, while the impact of RMB appreciation is the price competitiveness of export commodities, in this case, how to reduce costs to increase profit margins offset by the appreciation of the RMB devour profits are short-term government and manufacturers adjust to deal with exchange rate objectives.
Research on Evaluation Methods and Their Applications of Listed Banks
The banking industry is an important sector in national economy, core of the financial system. Banks have been prevailing in indirect financing ways for a very long time and in the future it will still be the main mode of financing. The good prospects of the banking industry are very attractive for the majority of investors. Recognizing the value of the bank is very important for how to correctly evaluate the quality of listed companies, and capture the investing opportunities.At present, the existing evaluation systems and models of the listed companies in the securities market are mostly based on the accounting profits, so they can not measure the real value of the companies accurately and objectively. This article compares the assessing methods in common use, then chooses EVA which is an evaluation method prevalent in the world these days, to be as the base to construct the model of evaluating the value. Aiming at the particularity of bank financial statements, this paper adjust and improve the EVA model to gain the company’s intrinsic value assessment model, and then constructing the model of evaluating the total value of the company combining with option theory. The paper uses the model to access and analyze the value of the listed banks in Shanghai and Shenzhen stock market. Then investors could find the enterprises which have investing value from the listed companies where the good and bad are intermingled.The theoretical analysis and the concrete evidence are simultaneously applied to this article which lays particular emphasis on the research on constructing the model of evaluating the total value of the company and its application of listed banks. In the concrete application, the paper chooses China Merchants Bank as the Sample, elaborately introduce the steps in evaluating the company, and analyze the evaluating results. The paper hopes that we can find out the more valuable and more potential banking stocks in the listed banks by using the assessment model.
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- The Analysis of Official’s Properties Declaration System in China
- Foreign Capital Utilization Efficiency Analysis in China
- Financial Services in Rural Areas of Jilin Province and Countermeasures
- The Research and Implementation Based on the Gabor Filter Bank to Improve Fingerprint Image Recognition
- Project Management and Knowledge Management Mechanism for Positive Interaction in the C Enterprises