Wyniki wyszukiwania - Biblioteka Nauki

1

Potencjał konkurencyjności chińskich firm sektora Internetu

100%

Bieliński T.

Gdańskie Studia Azji Wschodniej

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2015

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nr Zeszyt 8

173-183

EN

Chinese Internet sector companies have capabilities to create innovation that will shape internal market, and could have significant impact on global competition. These capabilities are based on several important factors. Probably the most important of these factors is huge capacity and dynamic growth of the internal market. Companies located in smaller countries do not have such possibilities of growth, because their internal markets do not have sufficient capacity. Chinese Internet software developers can grow on internal market to the size that gives them possibility to compete with global corporations and expand to international markets. Second most important factor of Chinese Internet sector competitiveness is of thousands of computer science graduates that enter Chinese labor market every year. Wages of software engineers in China are much lower than in western countries, so Chinese software developers have considerable cost advantage over their global competitors. Third factor of Chinese Internet software developers competitiveness is the support of government that is successfully using censorship laws to exclude foreign competition from local market. All those factors make Chinese Internet companies highly competitive and enable them to enter international markets. Case studies of Alibaba, Tencent and Baidu prove that Chinese companies can not only dominate local market, but also successfully compete with global corporations.

2

Zaawansowanie procesu internacjonalizacji waluty Chin – juana

63%

Gostomski E. , Bieliński T.

Pieniądze i Więź

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2016

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tom 19

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nr 3(72)

117-131

PL

Chiński juan nie jest jeszcze w pełni wymienialną walutą, ale systematycznie zwiększa się jego rola w międzynarodowych obrotach handlowych i finansowych. Internacjonalizacji juana sprzyja duży udział Chin w gospodarce światowej, a wysokie rezerwy dewizowe są podstawą jego stabilnej wartości. Milowymi krokami w tym procesie było zawarcie przez Bank Ludowy Chin porozumień swapowych z wieloma bankami centralnymi, utworzenie w globalnych centrach finansowych rynków offshorowych dla transakcji w RMB (RMB-Offshore-Clearing-Hubs) i włączenie juana do koszyka walutowego będącego podstawą określenia wartości SDR.

EN

Chinese yuan is not yet entirely exchangeable currency, but its role in international trade systematically increases. Growing share of Chinese economy in the global GDP fosters internationalization of yuan. High value of PRC reserve assets ensure the stability of the currency. The milestones in the process of yuan internationalization were: signing swap agreements between People's Bank of China and several central banks, creation of RMB offshore clearing hubs in major global financial centers, and RMB's inclusion in the SDR basket.

3

Lekcja z niskich stóp procentowych w japońskim systemie bankowym dla banków europejskich

63%

Gostomski E. , Bieliński T.

Pieniądze i Więź

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2018

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tom 21

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nr 1(78)

65-74

PL

Działając w otoczeniu niskich stóp procentowych i niskiej koniunktury w Japonii, banki podjęły racjonalne kroki w celu zabezpieczenia dodatniego wyniku finansowego. Świadczy o tym najbardziej wzrost zysku brutto sektora bankowego w latach 2010–2017 z 2,5 bln JPY do 3,9 bln JPY. Oznacza to, że nawet w trudnej sytuacji gospodarczej w kraju banki są w stanie zarabiać na swoim biznesie. Duże banki skompensowały spadek dochodów z operacji kredytowych większymi dochodami z obligacji państwowych i działalności na rynkach zagranicznych, a małe banki dochodami z lepszej obsługi małych i średnich przedsiębiorstw. W wyniku dużego zaangażowania się banków na rynku obligacji skarbowych, stały się one bardzo wrażliwe na wypłacalność państwa i wzrost stopy procentowej na rynku finansowym, który pociąga za sobą spadek kursu obligacji o stałym oprocentowaniu.

EN

Operating in the environment of low interest rates and the weak economic situation in Japan, banks have taken rational steps to secure positive financial results. Gross profit of the Japanese banking sector went up from 2.5 trillion JPY in 2010 to 3.9 trillion JPY in 2017. This means that even in difficult economic situation in the country, banks are able to make money on their business. Large banks offset the decline in income from credit operations with higher revenues from government bonds and operations on foreign markets, and small banks – with revenues from better service to small and medium-sized enterprises. As a result of the banks' large exposure to the government bond market, they became very sensitive to state solvency and an increase in the interest rate on the financial market, which implies a decline in the fixed-rate bond rate.

4

Do government interventions affect China’s stock market? Case study – analysis of the asset bubble in 2015–2016

51%

Bieliński T. , Markiewicz M. , Mosionek-Schweda M.

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

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2017

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nr 486

217-227

EN

The aim of the paper is to evaluate the effects of the intervention of the Chinese government undertaken during the 2015–2016 crisis on the Shanghai Stock Exchange (SSI). The following research hypothesis was set up: in the long run, both the initial efforts of the Chinese authorities to drive individual investors to invest in stock exchanges along with the interventions launched by the government to stop the market falls were not relevant to stock valuation. The study results have proven that in the analysed time monetary authorities, as well as government and regulatory bodies, generated many decisions and announcements which were expected to influence the behaviour of the stock exchange investors. In short term it created artificially market anomalies, observed between the Q4 2014 and Q1 2016. The interventions interfered with the long term growth trend of SSI index, however did not shift this trend and after interventions ended it was apparently ongoing and not disturbed until 2017.