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June. 2007 |
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Mr.
Hai Yang, President of Steele Business Investigation Center, was invited
to participate in the 53rd CII Annual General Meeting in 2007, which
will be held from August 15, 2007 to August 18, |
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Oregon
Association of Licensed Investigators Annual Meeting & Seminar will
be opened at Black Bear Inn Best Western Salem, OR on June 8th &
9th, 2007. |
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The
18th Annual ACFE Fraud Conference & Exhibition, to be held this year
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Mr. Hai Yang, the President of SBCS, was invited to take part in the special lecture sponsored by Generali China Life Insurance Co., Ltd, and delivered the speech on How to Control the HR risk via Busniss Investigation. |
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Recently,
in |
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Agricultural Development Bank of China (ADBC) is taking measures to perfect the risk management system. News from ADBC 1st Risk management and Legal Affaires Conference disclosed that by the end of 2006, the balance of nonperforming loans of ADBC dropped to RMB 67.7 billion, decreasing by RMB 13.3 billion than last year. The nonperforming loan ratio fell to 7.65%, 2.64% lower that last year. ADBC had made remarkable progress in risk monitoring, risk warning, assets preserving, clearance of non-performing loans, authorization management, judicial review and consulting, economic disputes management, etc. |
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1. The
Inevitability in the Collision between Chinese Enterprises and
International Commercial Giants As
China entered the WTO making the promise to remove all the restrictions
on foreign retailers as well as there is huge potential market in China,
it attracted the international retail giants such as Wal-Mart. At
present, 70% of the top 50 retail giants have spread into China. These
enterprises possess obvious advantage over domestic ones either in
management or in financial strength. Domestic retailers are far behind
them in global procurement and logistics distribution system. After
China¡¯s entry into the WTO, domestic retails will directly face tough
competition and challenges from foreign competitors within three years. 2. High assets liability ratio and big financial risk Fast
expansion of chain retail enterprises in recent years demands a large
amount of capital invested into the business, which accordingly resulted
in the high assets liability ratio and big financial risk. Short of
capital is a general problem that hinders the main business development
for listed chain retail enterprises. 3. Fast development of centralization and furious competition A
lot of retail enterprises will inevitably face bankruptcy, replacement
or merge in future with more and more furious competition among domestic
and foreign retail enterprises; at the same time, enhancement of
centralization in chain operation will also lead to competition
intensify. During furious competition, retail enterprises shall keep
alert not blindly perusing the business expansion while ignoring the
construction and development of supporting facilities and measures.
4. Low operational efficiency and poor profitability ¡¡ |
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Explanation of Professional
Glossary |
How
to Identify the Defendant |
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In
accordance with laws in China, the inauthentic news report resulting in
damages to others¡¯ reputation will be regarded as the infringement of
reputation rights of others. In these csases, the plaintiff and the
defendant shall be defined as follows: 1.The
victim shall be the plaintiff. In case the victim had been died, the
closely connected relative instead. 2.
In principle, the defendant is defined according to the plaintiff¡¯s
accusation: the author accused is the defendant; or the news agent
accused is the defendant; or the author and the news agent accused are
co-defendants. If the author is subordinate to the agent and publish the
news in demand of the work, the news agent shall be the defendant only. |
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