當前全球金融海嘯導致經濟步入衰退期，亦使得銀行業的競爭格局和經營業態發生重大的變化，中國銀行業者趁勢崛起，台灣銀行業所處的金融環境則愈趨嚴峻。外資銀行在中國逐漸拓展業務多年後，受限於兩岸法令，台資銀行仍積極尋求進入大陸市場之發展契機；台灣雖然未能趕在中國入世後的第一時間進入大陸市場，錯過登陸的最佳時機，不過2009年，兩岸可望簽署MOU，簽署後，台資銀行至少可以透過下列五種形式進入中國國內銀行業市場，分別是: (1)成立外資獨資銀行；(2)與中國國內銀行機構合資建立新銀行，即建立合資銀行；(3)在中國設立銀行分支機搆；(4)購買並持有中國國內銀行機構的股份；(5)與中國銀行機構策略聯盟進入業務合作。台灣金融業有機會突破現況，加快其赴大陸投資之腳步。本論文即以當前台灣銀行業為主題，針對本議題加以探討分析，探討其在前進中國市場時，可能採取的經營及投資策略。 全文共五章，分別為：第一章緒論：就本論文之研究背景、動機及目的進行簡單扼要之說明。第二章係相關文獻之探討。第三章說明本研究之研究架構及方法。第四章則為個案探討，先就中國經濟及金融制度之發展、外資銀行在中國的策略與發展歷程，以及其與中資銀行的競合關係進行分析，接著探討台資銀行進入中國之途徑與策略，並藉實務訪談之方式，分析台資銀行進入大陸市場的發展策略，探討目前台資銀行運作方式及困境，期盼於分析研究中尋求一個較佳之模式；最後本研究透過文獻探討及實務訪談經驗，加以整理評析，對台灣銀行業者提出建議，做為其進入中國大陸營運的參考，以俾有所助益，完成本研究之目的。

Legal Status of the Financial Arbiter in Comparison with Selected Regulatory and Control Institutions in the Czech Republic and EU The topic of my thesis is legal status of the Financial arbiter in the Czech Republic. It represent a specific institution for out-of-court settlement of financial disputes between providers of some financial services and their clients. The Financial arbiter does not substitute the role of courts; instead it operates alongside the judicial system and offers to the clients of financial institutions swift and free of charge alternative to the legal proceedings, which emphasizes reconciliation. In the opening chapter of this thesis I looked into the theoretical concept of this institution and characterized it as an administrative authority sui generis. In order to obtain better understanding of the institutional status of the Financial arbiter, I further compared the Financial arbiter with similar institutions in the Czech Republic and the EU. I consider the separation from the Czech National Bank and the creation of the Financial arbiter bureau, which is a government department, as a major change in the legal status of the Financial arbiter. The arbitration proceeding represents an alternative to the legal proceedings. It can be initiated only by a client`s complaint, for...

Management and administration of investment funds. The purpose of this thesis is to comprehensively present a legal regulation of management and administration of investment funds in the Czech Republic. The thesis is divided into five chapters. The first chapter deals with the material scope of Act on Investment Companies and Investment Funds. Purpose of this chapter is to determine, in relation to which activities apply the regulation of management and administration of investment funds pursuant to the Act on Investment Companies and Investment Funds. The second chapter is dedicated to the management of investment funds. The aim of this chapter is to define the management of investment funds, Management Company and the rules for the performance of its activities. The third chapter is dedicated to the administration of investment funds. The aim of the third chapter is to define the administration of investment funds, administrator and rules for the performance of its activities. The fourth chapter briefly discusses the depositary when the aim of this chapter is to define its position in relation to the management and administration of investment funds. The fifth and final chapter briefly deals with the Prime broker, when it also analysis the definition of its position in relation to the management...

Diploma thesis Financial market and its legal aspects provides a general overview on financial market and in next chapters continues with collective investments via funds of collective investors as one of ways how a natural or legal person can participate in the financial market processes. In first two chapters the thesis provides a characteristics and more detailed description of the terms financial market and capital market. Second chapter then defines the division of capital market types of investment Instruments that are traded on the market and entities that are present in the financial market and are necessary for its functionality. The last sub-chapter of second chapter summarizes the general overview of the current situation and development of capital market in Czech Republic, together with providing Czech and European legislation that regulates the financial and capital market. Third chapter introduces the term collective investment together with investment companies and investment funds law, that serves as a main regulation for collective investments. In this chapter we can also find the advantages and disadvantages of investing via investment funds and main entities that operates in the financial market with connection to collective investments. Fourth chapter further defines investment...

The aim of this diploma thesis was to identify and analyze the decision-making activities of the Financial Arbitrator as an out-of-court dispute resolution body for some of the consumer disputes in the area of financial services, both procedural and substantive points of view. The author discusses the importance and practical impacts of the decision-making activities of the Financial Arbitrator to the parties of the proceedings before the Financial Arbitrator taking into account recent legislative changes affecting this institution. At the same time, the author deals with some practical problems which the Financial Arbitrator faces by its decision making and discusses their solutions. Finally, the author examines and evaluates some of the decisions issued by the Financial Arbitrator in various areas of its competence. The actual text of this work is divided into five chapters, introduction and conclusion. In the first chapter the author briefly describes the origin and development of the institute of the Financial Arbitrator and its institutional framework as to emphasize the specifics of this institute, which is reflected in its decision-making and offers a view of foreign approaches in the creation of disputes dealing with an out-of-court resolution of disputes from financial services. In the...

In my diploma thesis, I aim to define and compare models of financial market supervision used in the European Union member states. Furthermore, I try to analyze the development of these states between 2001 and 2015. Lastly, I attempt to predict their future development. The thesis contains a theoretical and a practical part. The theoretical part consists of three chapters and the last two chapters are practical. In the first chapter, I attempt to describe the financial market and provide a theoretical definition of supervision. Next, I focus on regulation, supervisors and supervised entities. Finally, I also deal with the purpose and aims of financial supervision. A well-defined terminology is crucial to any study involving financial market supervision. In the second chapter, I discuss three basic models of financial market supervision I recognize in the European Union member states. In the third chapter, I focus on the role of the financial market supervisors, their responsibilities and independence. In the fourth chapter, I describe the structure of financial markets in each member state of the European Union from 2001 to 2015. Furthermore, the purpose of this chapter is to collect data for the next chapter. In the fifth chapter, I analyze and compare financial market supervision models of the European...

This thesis examines the bank efficiency and the impact of the regulatory and supervisory instruments on the efficiency of banks actively performing on the financial markets in the countries of European Union. Our analysis concerns 8-year time period, covering also the period of global financial crisis with the aim to determine possible changes in the relationship regulation versus efficiency. We apply SFA Fourier-flexible model for estimation of profit and cost efficiency scores. Consequently we use GLS panel data estimation in order to test for the regulatory determinants of efficiency, we have specified 6 various models with the focus on different regulatory instruments. Results firstly suggest that high cost efficiency does not necessarily imply high bank profit efficiency. Secondly, we uncovered the negative relation between market concentration, the level of development of financial market and the cost efficiency of foreign banks. Thirdly, we also found evidence supporting the assumption of positive impact of private monitoring and the independence of supervisory authority implying the increasing of transparency in the market. Additionally, we uncovered support for negative effect of activity and diversification restrictions. However, the results concerning the financial crisis period are...

檢視中國的城市化進程與全球城市化研究將為被忽略的地區帶來新的視野 / The examination of urbanization processes in China with the combination of global and world city research are expected to provide new insights to this neglected area. Global city idea had often emerged in contemporary city development plans, mainly indicating rapid modernization efforts via building a so-called global city. The wide-scale embeddedness of this idea suggests that it became the synonym of international competitiveness and prosperity. The best example of that is China with its massive network of cities. Until recently public datas were less accessible regarding the major Chinese cities, sith the reasons behind their growth and properity are still widely unexplored. The goal of this thesis would be to collect data and examine the most relevant segments of a specific Chinese city, namely Shanghai in the context of global city formation and competition. In order to justify or deny the overall achievements of industrial and spatial restructuring, the thesis will rely on the latest datas, including the related theoretical aspects and two short case studies. There are multiple layers of conducting city-related research from which, there are statistically less traceable ones. Thus, the intention of the thesis is to highlight two, internationally relevant and comparable areas, such as the financial industry and the newly upgraded free trade zone. According to the author’s intentions the strengths and the weaknesses of Shanghai as a global city will be empirically tested, while at the same time there will be a strong emphasis on the introduction of world- and global cities’ theoretical background as well. Within that the Chinese global city idea will be distinguished from its Western counterpart and the contraints of current political system will be pointed out in terms of operation or management. The main subject of inquiry would be to learn more about the extent of global city transformation in the city, compared to the general assumptions on an actual global city. Since this thesis has its own limitations both in size and data processing capability, thus it mainly analyzed and used second-hand sources to derive its conclusions. The main purpose of this work would be to contest the aspects of Shanghai’s global citiness.

First chapter describes International Financial Markets. Second chapter describes market fundamental analysis. Third chapter describes market technical analysis and efficient market hypothesis testing. Fourth chapter discusses market psychological analysis. Fifth chapter encompasses other theoretical background to be used in application. Sixth chapter deals with application of fundamental and technical analysis on a tennis betting market having found parallels between the sports betting markets and financial markets.

La libéralisation des taux d’intérêt est une étape importante de la tarification des produits financiers. Dans cette thèse, nous proposons un examen approfondi des progrès de ces réformes financières en Chine continentale et une évaluation de ses impacts éventuels. Sur le plan théorique d’un côté, la démarche analytique de cette recherche vise à combler des lacunes dans la recherche de ce domaine sur les pays émergents, comme la Chine, dans un contexte de la globalisation financière. Partant des fondements théoriques de la libéralisation des taux d’intérêt, nous mettons en relief les canaux de transmission par lesquels cette libéralisation permettra d’atteindre les objectifs de développement financier et de croissance macroéconomique du pays. Par la suite, nous proposons une analyse de l’état de lieux du système actuel des taux d’intérêt en Chine, à travers un bilan inventaire des pratiques réalisées dans le cadre de la libéralisation des taux d’intérêt. D’un autre côté, sur un plan pratique et empirique, notre recherche permet de mener une analyse approfondie du contenu et du déroulement des politiques de libéralisation des taux d’intérêt en Chine, de dresser un bilan des mutations du système financier et de formuler en fin de compte des recommandations de politique économique. Nous obtenons également une base de données concernant les changements du taux d’intérêt dans l’objectif de construire ainsi des modèles économétriques, notamment basés sur les équations de cointégration. Les résultats obtenus à l’issue de notre étude montrent qu’il existe une causalité réciproque entre les taux d’intérêt et les facteurs macroéconomiques dans un contexte chinois. / Interest rate liberalization is an important step in the processes of pricing financial products. As a necessary condition for financials reforms in China and its sustainable development, the realization of this process is of great practical importance that could optimize the allocation of financial resources, improve the efficiency of capital and enable better market functions. On this purpose, we propose a thorough review of this financial reform in Mainland China and an assessment of its potential impacts. On one side, the analytical approach aims at filling gaps in this research field on emerging countries, such as Chinese Mainland. Based on the theoretical foundations of financial liberalization, we highlight the channels through which this reform can achieve the global objectives of financial development and macroeconomic growth. Subsequently, we conduct an analysis of the current interest rates system in Mainland China, through an inventory of practices carried out as part of the interest rates liberalization reform. On the other hand, from a practical and empirical point of view, our research intends to offer a quantitative analysis of the potential impacts of interest rate liberalization on Chinese macro economical and financial system and to formulate accordingly recommendations for economic and monetary policies. We obtain a database, which contains the main factors of Chinese macro-economy, in order to establish econometric models, in particular based on cointegration equations. The results obtained from our study show that there is a reciprocal causality between interest rates and macroeconomic factors in the context of Chinese Mainland.