ࡱ> qspq` RbjbjqPqP::9&,,,,,,,4`h,`?-.<<"^^^^^^,,,,,,,$m.h0B,E,^^^^^,,,^^,n,n,n,^,^,^,n,^,n,n,,,n,^0 _R.*0n,,-0?-n,1^+1n,1,n, ^^n,^^^^^,,,X^^^?-^^^^`````````,,,,,, IlSыR{|͋Gl08 --~Nmё͋Gl Nofl slump p recession Ng^:W the second board market -NVRNg China Growth Enterprise Market !k N^ IPOs (initial public offering) ^:WD,g;` market capitalization lN institutional shares Q萡^ N^b private company shares [r^ bull market l_Θi legal risk Θi{t risk management ZWc%NkhQ maintain strong underwriting standards mQ'YΘi risks in 6 key areas (U.S. Federal Reserve criterion) O(uΘi credit risk O~f[>m supply-side economist ,{NNNQN agriculture (primary industry) ,{NNN]N manufacturing industry (secondary industry) ,{ NNN gRN service industry (tertiary industry) ;N~Nmch major economic indicators VQuN;`

k pay by installment Ok collateralised loans OO?bbb7>k residential mortgage loan '^;NIN monetarist R~Nm planned economy cN'`R mandatory plan b/g[ƖW technology intensive 'Yĉ!juN mass production ~Nmg cash tree ߍ*[ follow-up auditing AmR'`Θi liquidity risk d\OΘi operational risk Q萡[ internal audit b.U bear sales MWY?eV{ supporting policies -NVNlL-N.YL The People s Bank of Chinacentral bank V'YV gFUNL 4 major state-owned commercial banks -NVL Bank of china -NV]FUL Industrial and Commercial Bank of China and -NV^L Construction Bank of China -NVQNL Agricultural Bank of China bFUL China Merchants Bank uohy soft stock M allotment of shares [EXs growth rate in real terms t^GWXs average growth rate per annum bDVbs rate of return on investment Y8ۏQS;` total foreign trade value [E)R(uYD incoming overseas capital (investment) in place m9Nk residents bank savings deposit i`k[ybCgP Limits of authority for examining and approving loans should be rationally defined. O g^:W0 gHev0[O(uONvAmRDё7>k ensure floating capital loans for well-performing and trustworthy enterprises which turn out the right products for the right markets /TRlbD attract investment from the private sector [vNT the right products / readily marketable products V gON state-owned enterprises (SOEs) ƖSOON collectively-owned (partnership) enterprises y%ON private businesses l%ON privately-run businesses -N\ON small-and-medium-sized enterprises NDON-NYTD0-NYT\O0YFUrD overseas-invested enterprises; foreign-invested enterprises (Chinese-overseas equity joint ventures, Chinese-overseas contractual joint ventures, wholly foreign- owned enterprises) X[>kOё guaranty money for deposits '^V<{ withdrawal of currency from circulation 8T6e8nD absorb idle fund ~8^'`7>k commercial lending ~8^'`/eQ operating expenses Q7>k re-lending; subloan /ecV g'YWONTؚeb/gON N^D support large state-owned enterprises and high and innovative technology companies in their efforts to seek financing by listing on the stock market 9e6R N^ An enterprise is re-organized according to modern corporate system so that it will get listed on the stock market. ۏNekĉTSU\8R^:W further standardize and develop the securities market XRvcDk͑ increase the proportion of direct financing [UhySL N^6R^ improve the system for IPO and listing on stock markets -NVvO China Securities Regulatory Commission (CSRC) m3W8RNf@b^ Shenzhen Stock Exchange Nwm8RNf@b Shanghai Stock Exchange ~Tcpe composite index ~eKQؚb/gONg NASDAQ National Association of Securities Dealers Automated Quotation ;Ng^:W the main board ''}) deflation -NVsNS^R Nekpvbeuthe three-step development strategy of China s modernization drive,{Nek 0R1990t^VluN;`eCg)R decentralization and interest concessions (in late 1980s and early 1990s) mS9ei intensify reform; deepen one s commitment to reform MWY9ei supporting (concomitant) reforms MWYDё counterpart funds; local funding of cؚ~NmHev improve economic performance; increase economic returns Bl>yOHev value contribution to society; pay attention to social effect RVl~NmOo`S develop information-based economy accelerate IT application in economy bR~NmX fuel economic growth )R9ez substitution of tax payment for profit delivery 99ez transform administrative fees into taxes :Pl debt-to-equity swap 4Y[[Ո4Y['}: in an easy position (tight position) g3NN sunrise industry bhbh6R the system of public bidding for project EQRS%c'^?eV{v\O(u give full play to the role of monetary policy [eygv"?e?eV{ follow a pro-active fiscal policy TLXSV:P ib'YbD The government issued additional treasury bonds to banks to increase investment. QlD recapitalization >e~g9h to ease monetary policy Oo`~Nm IT economy YTW~Nm export-oriented economy Oo`eN information age hQtS globalization hQt'`globality OΘi reputational risk Θiċ~ risk rating 0Rg N؏7 default on a loan D Nb:P insolvency; be insolvent N2mёqS:g Asian financial crisis (1997-98) bD7>k ~T investment (loan) portfolio YGlPYEQ sufficient foreign exchange reserves -NVёN problems with financial sector in China PĄkOǏؚ the excessively large proportion of savings in the money supply V gONN:PsǏؚ(*\^   > @ ftJLnp*,xz`b$&~-->>>>4?6?L?N?BHMMbNdNNNOOPPTTZZooph;h;CJaJ h;o(U h;aJo( h;aJh;B*CJaJph33"h;B*CJ OJPJaJo(phK*^  @ Lp,zb&->>N?MdNN$a$$a$ high leverage ratio of the state-owned enterprises, V grDFUNL NoDNkOǏؚ high ratio of non-performing loans of the state commercial banks \pe-N\X[>kё:gg N/eN0Rg:PR insolvency of a handful of small and medium-sized financial institutions No7>k non-performing loans 2TSёΘi address financial risks cؚONP7TLOlN#NvR improve enterprises creditworthiness and ability to fulfil their civil liabilities vNO supervisory board [L(NaO6R^ adopt prudential accounting standards N~R{|lRR7>k(ϑ the five-category asset classification approach ёDN{tlQS financial asset management companies RyT6eV NoDN substantially reduce the ratio of non-performing assets RN{t0ĉ!j~% business segregation, economy of scale ĉё:gg^:WQ6R^ improve the market exit mechanism for financial institutions ?eV{'`L state policy-related bank V[SU\L State Development Bank wƋ~Nm knowledge-based economy Q~~Nm Internet-based networked economy c['`R guidance plan >yO;NIN^:W~Nm-NV socialist market economy >yO^:W~Nm_V social market economy e~NmV new economy -NVIQ'YL Everbright Bank of China -NVlXL China Minsheng Banking Corporation Ltd. -NO[NL CITIC Industrial Bank -NVۏQSL China EXIM Bank Gl0NL Hong Kong and Shanghai Banking Corporation (HKSBC) ёv{ financial supervision -NVNlLl Law of the People s Bank of China FUNLl Law of Commercial Banks Oil Law of Insurance 8Rl Law of Securities ]^X\SR Basel Core Principles v{[avL:N g0{t:g6R NePhQ problems of supervised entities behavior and the unsound internal governance mechanism ΘiaƋ consciousness of risk prevention NMRv{ proactive regulation and supervision accountnumber^vS depositorX[7b pay-inslipX[>kUS adepositformX[>kUS abandingmachineꁨRX[S:g todepositX[>k depositreceiptX[>k6enc privatedepositsyNX[>k certificateofdepositX[US depositbook,passbookX[b creditcardO(uaS principal,gё overdraft,overdraw/e tocountersignS~{ toendorsèfN endorser̀fNN tocashQQs tohonoracheckQQN todishonoracheckbN tosuspendpaymentbkN check/ehy checkbook/ehy,g ordercheck T/ehy bearercheck N T/ehy crossedcheck*j~/ehy blankcheckzz}v/ehy rubbercheckzz4Y/ehy checkstub,counterfoilhy9h cashchecksё/ehy traveler'scheckeL/ehy checkfortransferl^/ehy outstandingcheck*gN/ehy canceledcheck]N/ehy forgedcheck*O/ehy Bandar'snote^hy hy bankerL[ presidentL savingsbankPĄL ChaseBank'YL NationalCityBankofNewYorkeL HongkongShanghaiBankingCorporationGl0NL CharteredBankofIndia,AustraliaandChinaR)RL BanquedeI'Indo ChineNeGltL centralbank,nationalbank,banker'sbank-N.YL bankofissue,bankofcirculationSL^L commercialbankFUNL PĄO7L memberbank,creditbankPĄO7L discountbank4sL exchangebankGlQQL requestingbankYXb_L issuingbank,openingbank_L advisingbank,notifyingbankwL negotiationbankNL confirmingbankOQQL payingbankN>kL associatebankerofcollectionN6eL consignedbankerofcollectionYXbL clearingbankn{L localbank,g0WL domesticbankVQL overseasbankVYL unincorporatedbank^ branchbankLRL trusteesavingsbankOXbPĄL trustcompanyOXblQS financialtrustёOXblQS unittrustOXbbDlQS trustinstitutionLvOXb creditdepartmentLvO(u commercialcreditcompany(discountcompany)FUNO7lQS4slQS neighborhoodsavingsbank,bankofdepositWSPĄ@b creditunionT\OL creditbureauFUNtQO@b self-servicebankeNL landbankW0WL constructionbank^L industrialandcommercialbank]FUL bankofcommunicationsNL mutualsavingsbankNRPĄL postofficesavingsbank@\PĄL mortgagebank,buildingsocietybbL industrialbank[NL homeloanbank[[7>kL reservebankQYL charteredbankyrL correspondingbank_egL merchantbank,acceptingbankbQQL investmentbankbDL importandexportbank(EXIMBANK)ۏQSL jointventurebankTDL moneyshop,nativebank^ creditcooperativesO(u>y clearinghousehyncNbc@b publicaccountinglQqQO businessaccountingFUNO costaccountingb,gO depreciationaccountingbeO computerizedaccounting5uSO generalledger;`^ subsidiaryledgerR7b^ cashbooksёQ~^ cashaccountsё^ journal,day-booke^ Am4l^ baddebtsOW^ investmentbD surplus~YO idlecapital8nD economiccycle~NmhTg economicboom~NmA~c economicrecession~Nmp economicdepression~Nm'ag economiccrisis~NmqS:g economicrecovery~Nm Yς inflation' deflation'6e) devaluation'^,e_8RbDWё market capitalization ^

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