Suchergebnisse

In ausführlicher Analyse widmet sich der Autor der Entwicklung von Finanzmärkten, insbesondere Wertpapierbörsen, in Afrika. Seine Studie stützt sich auf Untersuchungen in zahlreichen Ländern, die vergleichend dargeboten werden. Investitionsflüsse werden analysiert, ihre Auswirkungen auf regionale Entwicklungen herausgearbeitet. (DÜI-Kör)

The securities market is a powerful platform to accumulate capitals for further investment in favor of structural reconstruction of economy, increasing population welfare level at the cost of fund financial instrument holding. As one of financial instruments the government debt securities gained widespread use as reliable, easy-to-use and readily obtainable financial assets. The place of bonds of domestic government loan in the formation of Ukraine's public debt and financing of the state budget deficit is highlighted in the article.The modern statistics confirms the safety and viability for the use of internal government debt securities, and the author in made research proves significant increase of amounts attracted to budget financial fund from Ukrainian domestic government bonds settlement. The article systemizes the data on main indicators of the domestic market of Ukrainian domestic government bonds, determines the portfolio structure on the basis of ownership and describes ways to expand range of potential investors, for example, by involving physical entities. Several banks – primary dealers were chosen to analyze the purchase terms of Ukrainian domestic government bonds for citizens of Ukraine on the primary market. The directions of developments of domestic internal bet market was determined, and they are to strengthen communication with fund market participants, to concentrate liquidity in certain instruments, to protect investors multilateral trading systems, to make pricing transparent on the Ukrainian domestic government bonds market, to arrange auctions regularly, diversification of foreign currency debt structure portfolio etc. The well-structured process of Ukrainian domestic government bonds emission in the part of public debts management strategy will allow to hold investors with such investment time frame interested to obtain instruments in the mid-run. ; Ринок цінних паперів є потужною платформою для акумулювання капіталу з метою подальшого інвестування на користь структурної перебудови ...

Using a micro-economic approach, the author discusses developments in mainland China's securities market since late 1989. He examines the Stock Market Executive Council in Peking, charged with planning mainland China's securities market, and looks at the development of the two secondary securities markets in Shanghai and Shenzhen. (DÜI-Sen)

The article investigates the role of financial institutions such as banks, insurance companies and collective investment institutions in the financial market of Ukraine and the European Union, and determines the impact of each of them on the securities market. Analysing the structure of financial markets of the EU and Ukraine was determined the share of assets of every type of financial institutions. This allowed us to estimate their role on financial market. Moreover, analyses of the assets` proportions that are invested on the stock market has allowed us to see the financial institutions` importance for the securities market. It was determined that, despite the banking model of the financial market in EU, role of banks for the securities market development is not decisive. A significant share of assets placed in securities by the insurance companies and shadow banking sector or, as it is called in Ukraine, collective investment institutions. The two last-mentioned sectors are underdeveloped in the Ukrainian financial market. This explains the lack of development of securities market of Ukraine. Keywords. Financial markets, financial institutions, banking model of the financial market, collective investment institutions, securities markets, shadow banking sector. JEL: G 20

One of the factors determining the development of the securities market in the country is the level of corporate governance. It is clear that without respect for the rights of small shareholders of the company, is not created for them the possibility of effective enjoyment of these rights and on the possibility of leaving the company, and similar factors make it difficult to attract funding through the securities market. From this point of view, the effect of creating a mechanism to protect investors' rights legislation of the country on the development of the securities market significantly. The financing of the national economy the main role belongs to the market for corporate securities. Securities market creates additional opportunities for financing firms. This creates an incentive for the company's development and corporate management firm. This fiscal squeeze in many cases firms to refrain from taking effective financial decisions, which in turn negatively affects economic development. Emerging in the country system of corporate governance is to ensure equal and fair treatment of all shareholders, including small shareholders, shareholders and foreign shareholders who do not participate in managing the company.

The purpose of this article is to review the evolution of the securities market and its development prospects, highlighting the differences and regular similarities of separate development stages. The attention of the article is firmly focused on the disclosure of the relation between the origins of the securities market and its further formation with the main steps in the development of the Lithuanian financial market instruments and the economic and political development of the country. The methods used include logical and comparative analysis of scientific literature and legal acts, study and generalisation of statistical data ; Straipsnyje narinėjama vertybinių popierių rinka Lietuvoje, apžvelgiami evoliuciniai etapai ir vystymosi perspektyvos, akcentuojami atskirų vystymosi etapų skirtumai bei panašumai, kuriuos ištyrus galima pateikti ir minėtos rinkos ateities įžvalgas. Pagrindinis akcentas straipsnyje skiriamas vertybinių popierių rinkos ištakų bei jos ryšio su Lietuvos finansų rinkos ir visos šalies ekonominio bei valstybingumo formavimosi žingsniais atskleidimui. Straipsnį sudaro trys skyriai: pirmame įžanginiame nagrinėjama vertybinių popierių sąvoka ir investavimo motyvai, antrame pateikiama finansinių priemonių periodizacija, atsižvelgiant į Lietuvos vertybinių popierių rinkos vystymosi etapus – nuo 19 a. iki 1918 m., 1918–1940 m,, 1940–1990 m., 1990–2012 m., trečiame pateikiamos vertybinių popierių rinkos ir viso finansinio sektoriaus, neatsiejamo nuo visos šalies ekonomikos, vystymosi perspektyvos ir veiksniai, kurie galėtų paskatinti šio vystymosi pagreitį. Straipsnyje pateiktas tyrimas remiasi literatūros sąraše nurodytais šaltiniais bei šio straipsnio autoriaus daugelį metų atliekamais ir skelbtais http://www.csdl.lt/lt/aktualijos/ statistika/ bei dar neskelbtais skaičiavimais.

This book provides an analysis of the development of the Chinese securities market, with special reference to the information disclosure regimes in Mainland China, the UK, and Hong Kong. The book looks at the role and functions of the securities regulatory commission, and explores the past and current status of the information disclosure regime in the Chinese securities market. By identifying problems and their reasons, the book forms an approach to further develop securities regulation.