Banks’ Lending under the Capital Adequacy Supervision

Due to the profound influence of banking crisis on economic growth, the capital adequacy has been closely concerned by financial authorities in many nations. Thanks to globalization of business, the financing environment has improved. Therefore, a number of restrictions on banking sectors has been not as tough as once were. However, the requirements on capital adequacy have been stricter than ever. Yet the behavior adjustment of banking sectors and its effects on every aspects of national economy still provokes controversy. As various theories and abundant evidences indicate --- the implementation of Basel Agreement would lead to social credit crunch due to the fact that national commercial banks reduce credit transaction in order to meet the requirement of capital regulation(8%), which would negatively affect the stability of macro-economy. This thesis intents to answer, via theoretical analysis and demonstration in banking system of Hubei Province, the question of potential adjustment and shrinking effects after implanting Capital Regulation of Commercial Banks. We believe since the implementing of new principle in 2004, each bank has adjusted their gross and structure of credit. The effect of credit crunch is mainly seen by the impacts on small and middle sized enterprises. Key words: capital adequacy, risk-taking incentives, credit crunch Résumé: En raison de l’influence profonde de la crise bancaire sur la croissance économique, les autorités financières de beaucoup de pays prêtent une grande attention à la suffisance du capital. Grâce à la globalisation du commerce, l’environnment financier s’est amélioré. Donc, de nombreuses restrictions dans le secteur bancaire ne sont plus aussi dures qu’elles étaient autrefois. Cependant, l’exigence de la suffisance du capital est plus stricte qu’auparavant. L’ajustement du secteur bancaire et son influence sur tous les aspects de l’économie nationale provoquent quant même des controverses. De diverses théories et des preuves abondantes indiquent que l’application de Basel Agreement pourrait conduire au resserrement de crédit dû au fait que les banques commerciales réduisent leur offre de crédit afin de répondre à la demande de la régulation du capital(8%), ce qui pourrait affecter négativement la stabilité de la macro-économie. L’essai présent tente de répondre, par le biais de l’analyse théorique et la démonstration du système bancaire de la province du Hubei, à la question de l’ajustement potentiel et des effets diminutifs après la mise en oeuvre de la Régulation du Capital des Banques Commerciales. Nous croyont, depuis la mise en application du nouveau principe en 2004, chaque banque a ajusté leur total et structure du crédit. Les effets du resserrement de crédit se voient principalement dans ses influences sur les petites et moyennes entreprises. Mots-Clés: suffisance du capital, motivation de la prise de risque, resserrement de crédi

THE GAME BETWEEN SECURITIZATION AND CAPITAL REGULATION

In the implement of Basel Accord, problems like regulatory capital arbitrage came up for the shortcomings of the accord. Securitization and other financial innovations have provided opportunities to reduce the regulatory capital requirements with little or no reduction in the overall economic risks. The possibility of regulatory capital arbitrage was caused by the inaccurate classification of the risks of different assets under Basel Accord. One of the routine methods is asset securitization, which will create value for banks while damaging the effect of the capital adequacy ratio as a prudential policy instrument. To deal with RCA (regulatory capital arbitrage), the most important is to match the regulatory capital to different assets and cut the motivation from the source so as to unify regulatory capital and economic capital. Key words: Capital Adequacy Ratio, Asset Securitization, Arbitrage Regulatio

High-Brightness and Color-Tunable FAPbBr(3) Perovskite Nanocrystals 2.0 Enable Ultrapure Green Luminescence for Achieving Recommendation 2020 Displays

To best catch human eyes in next-generation displays, the updated recommendation 2020 (Rec. 2020) standard has called for ultrapure green emitters to be qualified with a narrow emission of 525-535 nm with a full width at half-maximum (fwhm) below 25 nm. However, it is still challenging to find an emitter which can simultaneously cover these two criteria. Instead of traditional II-VI group semiconductor quantum dots, perovskite nanocrystals (NCs) can render versatile emitting tunability to allow them access to the Rec. 2020 standard. Herein, to realize the critical window of Rec. 2020, we have proposed a scalable, room temperature synthesis route of formamidinium lead bromide (FAPbBr3) NCs using a sole ligand of sulfobetaine-18 (SBE-18). The as-synthesized FAPbBr3 NCs exhibit an ideal emission at 534 nm with an ultranarrow fwhm of 20.5 nm and a high photoluminescence quantum yield of 90.6%, overwhelming the FAPbBr3 nanoplates capped with oleic acid/oleylamine (OA/OAM). Introducing these high quality NCs into backlight displays, an ultrapure green backlight which covers ≈85.7% of the Rec. 2020 standard in the CIE 1931 color space is achieved, signifying the "greenest" backlight till now. Thus, we can foresee perovskite NCs as the most potential candidates for next-generation displays

Genome-Wide Transcriptome and Antioxidant Analyses on Gamma-Irradiated Phases of Deinococcus radiodurans R1

Adaptation of D. radiodurans cells to extreme irradiation environments requires dynamic interactions between gene expression and metabolic regulatory networks, but studies typically address only a single layer of regulation during the recovery period after irradiation. Dynamic transcriptome analysis of D. radiodurans cells using strand-specific RNA sequencing (ssRNA-seq), combined with LC-MS based metabolite analysis, allowed an estimate of the immediate expression pattern of genes and antioxidants in response to irradiation. Transcriptome dynamics were examined in cells by ssRNA-seq covering its predicted genes. Of the 144 non-coding RNAs that were annotated, 49 of these were transfer RNAs and 95 were putative novel antisense RNAs. Genes differentially expressed during irradiation and recovery included those involved in DNA repair, degradation of damaged proteins and tricarboxylic acid (TCA) cycle metabolism. The knockout mutant crtB (phytoene synthase gene) was unable to produce carotenoids, and exhibited a decreased survival rate after irradiation, suggesting a role for these pigments in radiation resistance. Network components identified in this study, including repair and metabolic genes and antioxidants, provided new insights into the complex mechanism of radiation resistance in D. radiodurans

Impermeable inorganic “walls” sandwiching perovskite layer toward inverted and indoor photovoltaic devices

Interfaces between the perovskite active layer and the charge-transport layers (CTLs) play a critical role in both efficiency and stability of halide-perovskite photovoltaics. One of the major concerns is that surface defects of perovskite could cause detrimental nonradiative recombination and material degradation. In this work, we addressed this challenging problem by inserting ultrathin alkali-fluoride (AF) films between the tri-cation lead-iodide perovskite layer and both CTLs. This bilateral inorganic “walls” strategy makes use of both physical-blocking and chemical-anchoring functionalities of the continuous, uniform and compact AF framework: on the one hand, the uniformly distributed alkali-iodine coordination at the perovskite-AF interfaces effectively suppresses the formation of iodine-vacancy defects at the surfaces, thus reducing the trap-assisted recombination at the perovskite-CTL interfaces and therewith the open-voltage loss; on the other hand, the impermeable AF buffer layers effectively prevent the bidirectional ion migration at the perovskite-CTLs interfaces even under harsh working conditions. As a result, a power-conversion efficiency (PCE) of 22.02% (certified efficiency 20.4%) with low open-voltage deficit (<0.4 V) was achieved for the low-temperature processed inverted planar perovskite solar cells. Exceptional operational stability (500 h, ISOS-L-2) and thermal stability (1000 h, ISOS-D-2) were obtained. Meanwhile, a 35.7% PCE was obtained under dim-light source (1000 lux white LED light) with the optimized device, which is among the best records in perovskite indoor photovoltaics

Surface mediated ligands addressing bottleneck of room-temperature synthesized inorganic perovskite nanocrystals toward efficient light-emitting diodes

Cesium lead halide perovskites (CsPbX3) have become superior candidates for perspective optoelectronic applications. However, room temperature synthesized CsPbX3 nanocrystals (NCs) suffer from serious lattice/surface traps, mostly induced by nonequilibrium reactions and polar solvent systems. Thus, direct assembly of such poor crystals cannot be available toward high efficiency light emitting diodes (LEDs). To address this issue, differing from the general post-treatment works, here we propose a double-terminal diamine bromide salt to in situ passivate the surface traps of room temperature synthesized CsPbBr3 NCs. High-quality NC solutions with photoluminescence quantum yield (PLQY) beyond 90% are obtained owing to the renovated surface bromide vacancies. Meanwhile, instead of longer oleylamine (OLA) ligand, the abridged diamine bromine ligand could significantly enhance charge transport throughout the NC film. In addition, the NC based LED performance is found related to chain length of the ligand, where the optimal luminance of 14021 Cd m(-2) and current efficiency of 25.5 Cd A(-1) are achieved by 1, 4-butanediamine bromide passivated NC devices. This work provides a direct efficient approach to meet the device application of room temperature synthesized perovskite NCs, underlines the significance of selective ligands to address the challenges of NC emitters in future displays and solid-state lighting

The microbiota continuum along the female reproductive tract and its relation to uterine-related diseases

Reports on bacteria detected in maternal fluids during pregnancy are typically associated with adverse consequences, and whether the female reproductive tract harbours distinct microbial communities beyond the vagina has been a matter of debate. Here we systematically sample the microbiota within the female reproductive tract in 110 women of reproductive age, and examine the nature of colonisation by 16S rRNA gene amplicon sequencing and cultivation. We find distinct microbial communities in cervical canal, uterus, fallopian tubes and peritoneal fluid, differing from that of the vagina. The results reflect a microbiota continuum along the female reproductive tract, indicative of a non-sterile environment. We also identify microbial taxa and potential functions that correlate with the menstrual cycle or are over-represented in subjects with adenomyosis or infertility due to endometriosis. The study provides insight into the nature of the vagino-uterine microbiome, and suggests that surveying the vaginal or cervical microbiota might be useful for detection of common diseases in the upper reproductive tract.Shenzhen Municipal Government of China [JCYJ20160229172757249, JCYJ20150601090833370]; Danish Strategic Research Council [2106-07-0021]; Ole Romer grant from Danish Natural Science Research Council; Solexa project [272-07-0196]SCI(E)ARTICLE

Efficacy, Safety, and Immunogenicity of an Escherichia coliProduced Bivalent Human Papillomavirus Vaccine: An Interim Analysis of a Randomized Clinical Trial

HPV是一种常见的生殖道感染病毒，高危型HPV持续性感染能够导致几乎所有的宫颈癌，其中HPV 16型和18型危害最大，可导致约70%的宫颈癌。预防性HPV疫苗有望减少甚至最终消灭由疫苗型别导致的宫颈癌，降低HPV相关的疾病负担。该研究是在全国4个中心5个现场的18-45岁健康女性中进行的多中心、随机、双盲、对照（戊肝疫苗）的三期临床试验，该研究结果证实我校自主研发的双价人乳头瘤病毒疫苗（大肠杆菌）具有良好的安全性、免疫原性和免疫持久性，可有效地预防HPV 16型和/或18型相关的宫颈高度癌前病变及持续性感染。 该论文报告了我校和厦门万泰沧海生物技术有限公司自主研发的双价人乳头瘤病毒疫苗（大肠杆菌）三期临床试验的期中分析结果。这是第一个进入临床试验并提交药品注册申请的国产人乳头瘤病毒疫苗（HPV疫苗），有望成为世界上第四个上市的HPV疫苗，受到世界卫生组织和盖茨基金会等国际组织的高度关注。 中国医学科学院肿瘤医院乔友林教授、我校吴婷教授、广西壮族自治区疾病预防控制中心李荣成主任医师、江苏省疾病预防控制中心胡月梅主任医师、北京大学人民医院魏丽惠教授、中国食品药品检定研究院李长贵研究员、中国医学科学院肿瘤医院陈汶教授为该论文的共同第一作者，我校张军教授、夏宁邵教授和中国医学科学院肿瘤医院乔友林教授为该论文的共同通讯作者。【Abstract】Background The high cost and insufficient supply of human papillomavirus (HPV) vaccines have slowed the pace of controlling cervical cancer. A phase 3 clinical trial was conducted to evaluate the efficacy, safety and immunogenicity of a novel Escherichia coli-produced bivalent HPV-16/18 vaccine. Methods A multi-centre, randomized, double-blind trial started on November 22, 2012, in China. In total, 7372 eligible women aged 18-45 years were age-stratified and randomly assigned to receiving 3 doses of the test or control (hepatitis E) vaccine at months 0, 1 and 6. Co-primary endpoints included high-grade genital lesions and persistent infection (over 6 months) associated with HPV-16/18. The primary analysis was performed on a per-protocol susceptible population of individuals who were negative for relevant HPV type-specific neutralizing antibodies (at day 0) and DNA (at day 0 through month 7) and who received 3 doses of the vaccine. This report presents data from a pre-specified interim analysis used for regulatory submission. Results In the per-protocol cohort, the efficacies against high-grade genital lesions and persistent infection were 100.0% (95% confidence interval [CI] = 55.6% to 100.0%, 0/3306 in the vaccine group vs. 10/3296 in the control group) and 97.8% (95% CI = 87.1% to 99.9%, 1/3240 vs. 45/3246), respectively. The side effects were mild. No vaccine-related serious adverse events were noted. Robust antibody responses for both types were induced and persisted for at least 42 months. Conclusions The Escherichia coli-produced HPV-16/18 vaccine is well tolerated and highly efficacious against HPV-16/18 associated high-grade genital lesions and persistent infection in women.This work was supported by grants from the Chinese National High-tech R&D Program (863 program, 2012AA02A408), the Chinese National Major Scientific and Technological Special Project for “Significant New Drug Development” (2018ZX09308010 and 2012ZX09101316), the National Natural Science Foundation of China (81673240 and U1705283), the Fujian Provincial Major Scientific and Technological Project (2015YZ0002), the Chinese Academy of Medical Sciences Innovation Fund for Medical Sciences (CIFMS, 2017-I2M-B&R-03, and 2016-I2M-1-019) and Xiamen Innovax. 该研究获得了国家高技术研究发展计划（863计划）、新药创制国家科技重大专项、国家自然科学基金、福建省科技重大专项、中国医学科学院医学与健康科技创新工程基金以及厦门万泰沧海生物技术有限公司的资助

Robust estimation of bacterial cell count from optical density

Optical density (OD) is widely used to estimate the density of cells in liquid culture, but cannot be compared between instruments without a standardized calibration protocol and is challenging to relate to actual cell count. We address this with an interlaboratory study comparing three simple, low-cost, and highly accessible OD calibration protocols across 244 laboratories, applied to eight strains of constitutive GFP-expressing E. coli. Based on our results, we recommend calibrating OD to estimated cell count using serial dilution of silica microspheres, which produces highly precise calibration (95.5% of residuals &lt;1.2-fold), is easily assessed for quality control, also assesses instrument effective linear range, and can be combined with fluorescence calibration to obtain units of Molecules of Equivalent Fluorescein (MEFL) per cell, allowing direct comparison and data fusion with flow cytometry measurements: in our study, fluorescence per cell measurements showed only a 1.07-fold mean difference between plate reader and flow cytometry data