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Trade deals in RMB coast on better ecosystem


Trade deals in RMB coast on better ecosystem
By Jiang Xueqing |
China Daily |
Updated: 2021-06-23 08:25
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A worker counts Chinese currency renminbi at a bank in Linyi, East China s Shandong province. [Photo/Xinhua]
Cross-border trade settlements in renminbi have grown noticeably since the beginning of this year, thanks to the improvement of the ecosystem promoting the use of the Chinese currency overseas, a banker said.
In the first quarter of this year, the Standard Chartered Renminbi Globalisation Index (RGI), a measure of international renminbi usage that is computed on a monthly basis, rose 13 percent from the previous quarter, recording the biggest quarterly rise in five-and-a-half years. The increase followed a 10.4 percent growth in RGI for the full year 2020. ....

United Kingdom , Hong Kong , Liu Ligang , Jean Lu , People Bank , Society For Worldwide Interbank Financial Telecommunication , East China , Standard Chartered Renminbi Globalisation Index , Dim Sum , Standard Chartered , Cross Border Interbank Payment System , Shanghai Securities News , Bond Connect , Qualified Foreign Institutional Investors , Foreign Institutional Investors , Worldwide Interbank Financial Telecommunication , ஒன்றுபட்டது கிஂக்டம் , ஹாங் காங் , மக்கள் வங்கி , சிட்டி குழுமம் , கிழக்கு சீனா , மங்கலானது தொகை , தரநிலை பட்டய , ஷாங்காய் பத்திரங்கள் செய்தி , பத்திரம் இணைக்கவும் , தகுதி வெளிநாட்டு நிறுவன முதலீட்டாளர்கள் ,

"Institutional investors, controlling shareholders and CEO pay-performa" by Dan Zhang, Shiguang Ma et al.


Abstract
Using a large sample of China’s listed firms between 2005 and 2015, we find that domestic mutual funds have a positive effect on the CEO pay-performance relationship, and this effect becomes stronger when their ownership is higher and closer to the controlling shareholder’s ownership. This effect is stronger in non-state-owned enterprises (non-SOEs), firms facing weaker industry competition incentives, and firms located in more developed regions. However, Qualified Foreign Institutional Investors (QFIIs) do not have such an influence. Overall, our study contends that the effectiveness of institutional investors’ monitoring role is subject to their identity, controlling shareholders and institutional environments. ....

Qualified Foreign Institutional Investors , Ceo Pay , Firm Performance , Institutional Investors , தகுதி வெளிநாட்டு நிறுவன முதலீட்டாளர்கள் , சிஇஓ செலுத்த ,