Introduction -- Foreign direct investment in China: history and development -- Introducing theoretical frameworks: determinants of FDI -- Introducing theoretical frameworks: effects of FDI -- Key steps for direct investment transactions in China: due diligence -- Key steps for direct investment...

1. Introduction -- 2. Foreign direct investment in China : history and development -- 3. Introducing theoretical frameworks : determinants of FDI -- 4. Introducing theoretical frameworks : effects of FDI -- 5. Key steps for direct investment transactions in China : due diligence -- 6. Key steps...

In the present paper, we convert the usual <italic>n</italic>-step backward recursion that arises in option pricing into a set of independent integral equations by using a <italic>z</italic>-transform approach. In order to solve these equations, we consider different quadrature procedures that transform the integral equation...

Since 2003, China has signed a series of agreements with Hong Kong in preferential treatments in trade. At the same time, China also allowed mainland residents to visit Hong Kong on an individual basis. As Hong Kong is already a free port, the preferential treatments are perceived to be more...

In this paper, we use credibility theory to estimate credit transition matrices in a multivariate Markov chain model for credit rating. A transition matrix is estimated by a linear combination of the prior estimate of the transition matrix and the empirical transition matrix. These estimates can...

Estimating and forecasting the unobservable states of an economy are important and practically relevant topics in economics. Central bankers and regulators can use information about the market expectations on the hidden states of the economy as a reference for decision and policy makings, for...