简介:FDIinMyanmarhasgrownsteadilywithmorediversifiedinvestmentsourcesandfields.ThechangesinMyanmar’sinvestmentenvironmentcausedbythereformposenewchallengesforChineseinvestors.Tohandlethem,Chinesefirmsshoulddiversifytheformsandsubjectsofinvestment,takeintoaccounttheconcernsofthepeopleofMyanmarandcomplywiththenationaldevelopmentstrategyofthecountry.
简介:Inourageofinformationsuperhighway,thereisaninvis-ibleboomincommunicationsinvestmentowingtothehighqualityandlowpriceofthecommunicationsequipment.Intermsoftheprice,thegovernmentreportsariseofsome7percentsincet989.However,BusinessWeekestimatesthatthetruepricedeclinesbyabout35percent.Intermsofinvest-
简介:Themanager′sinvestmentdecisionsismodeledwhenthemanagerisrisk-averseandhasstockoptionsascompensation.Itisfoundthatthestrikepriceofoptionsiscrucialtotheinvestmentincentivesofmanagers,andthatthecorrectvalue,orintervalofvalues,ofmanagerialstockoptionstrikepricecanbringstockholderandmanagerinterestsinagreement.
简介:Thispaperconsidersaworst-caseinvestmentoptimizationproblemwithdelayforafundmanagerwhoisinacrash-threatenedfinancialmarket.Drivenbyexistingofcapitalinflow/outflowrelatedtohistoryperformance,weinvestigatetheoptimalinvestmentstrategiesundertheworst-casescenarioandthestochasticcontrolframeworkwithdelay.Thefinancialmarketisassumedtobeeitherinanormalstate(crash-free)orinacrashstate.InthenormalstatethepricesofriskyassetsbehaveasgeometricBrownianmotion,andinthecrashstatethepricesofriskyassetssuddenlydropbyacertainrelativeamount,whichinducestoadroppingofthetotalwealthrelativetothatofcrash-freestate.Weobtaintheordinarydifferentialequationssatisfiedbytheoptimalinvestmentstrategiesandtheoptimalvaluefunctionsunderthepowerandexponentialutilities,respectively.Finally,anumericalsimulationisprovidedtoillustratethesensitivityoftheoptimalstrategieswithrespectivetothemodelparameters.
简介:TheASEANwouldbe'themaindestinationofChina'sgrowingoverseasinvestmentinfuture',theChinese-IndonesianbillionairesaidattheChina-ASEANExpoinNanning.ASEANmemberstateshaveinvestedatotalofUS$41.9billioninChinasincethecountrybeganitreformandopen-updriveinlate1978,accordingtostatisticsfromtheChineseMinistryofCommerce.
简介:FolowingtheimprovementintheEastAsiansituation,manystrongJapaneseenterprisesstiltakeChinaastheirmostimportantmarketandinvest...
简介:Since1978,China’scoalindustryhaswitnessedrapidandhealthydevelopment.AsChinaisundergoingastructuraltransitiontoasocialistmarketeconomy,China’scoalindustrywillimplementamoreopenpolicy,createanidealinvestmentenvironmentandabroadinvestmentfieldforforeigninvestors,conductinternationaltechnicalexchangeandeconomiccooperationonthebasisofequalityandmutualbenefit,andpromotethetechnicalprogressandeconomicgrowthofChina’scoalindustry.