Table of Content

16 April 2003, Volume 23 Issue 4

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URBANIZING AND INTEGRATING OF URBAN AND RURAL AREA

HONG Yin-xing, CHEN Wen

2003, (4):  5-11. 

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Urbanizing is faced by not only shifting of labor forces to urban areas but also integrating of urban and rural areas. The latter, which is one of the important tasks of present urbanizing, will integrate urban and rural areas by integrating various systems, urbanizing towns, integrating industrial structures, industrializing agricultures and citizening farmers. Besides, it can improve the necessary exchanges between urban and rural areas of labor forces, technologies, funds, and other resources. The core of this integrating is to strengthen the market functions of the central cities and take advantage of their control, relating and spill-over effects, so as to improve the integrating of establishments, industries and spaces.

INTERNATIONAL FINANCIAL SITUATIONS:ANALYSIS AND PROSPECTS

WANG Yuan-long, HUANG Jin-lao

2003, (4):  16-21. 

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In 2002, global finance shows the characteristics of adjusting: 1. International stock markets fell greatly, while other markets were more or less up. 2. Direct financing, such as stocks and risk investments, was beaten, while indirect financing, such as banking credit, was again grew. 3. The exchange rate of US dollar fell, while that of Euro went up. 4. Strong financial groups like the U. S. got into trouble, while weak ones like the Southeast Asian entities became stronger. All these made Chinese foreign financial situations prosperous, and developed the reform-encouraging situations by the opening up.

THE DISCOUNT OF OUR CLOSE FUNDS: FINDING ITS SOURCES

ZHANG Zhi-chao, TIAN Ming-sheng

2003, (4):  31-36. 

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Noise theory of transaction explains well the discount of our close funds. The positive analysis shows, however, that there are other sources, such as weak independence of funds managers, concentrated holdings, overlapping holdings, inside trades, and moral hazard when managing the funds.

REORGANIZATION AND M&I: THEORIES AND CHINESE EXPERIENCES

MEI Jun

2003, (4):  37-42. 

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Effective assets reorganization and corporate M&I can optimize the resource allocations and increase the competitive abilities of the firms. Reorganization and M&I of Chinese listed companies are developed under the specific institutions and policies. The responsibilities of securities supervisors are to face the problems and encourage the true reorganization and M&I.

THE TARGET MODE: CHINA REFORM OF CIRCULATION SYSTEM OF FARM PRODUCTS

LUO Bi-liang

2003, (4):  58-63. 

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Reform of our circulation system of farm products is urgent when there are high start costs, administration costs, and high transaction costs and opportunity costs incurred by distortion of market signals. Macroeconomic control by the government, wholesale markets as market centers, and management roles of the firms are all very important for the reform.