Integration of International Financial Regulatory Standards for the Chinese Economic Area: The Challenge for China, Hong Kong, and Taiwan

This article initially reviews the current development of financial services that converge regulatory systems around the world. Along with focusing on banking and securities, this article assesses financial systems and regulators within China, Hong Kong, and Taiwan respectively. The evaluation of the CEA\u27s financial system is based on recommendations issued by the Basle Committee. In addition, with respect to the principle of national treatment, this article evaluates the operations of foreign financial institutions in the CEA. In the future, participation in the WTO will enable the CEA to experience greater growth and increase its participation in the internationalization of financial sectors. This article argues that the implementation of the Basle Accords as soft law is important for the establishment of a sound financial system in the CEA. This article concludes with an evaluation of the prospects of future financial development in the CEA

Integration of International Financial Regulatory Standards for the Chinese Economic Area: The Challenge for China, Hong Kong, and Taiwan

This article initially reviews the current development of financial services that converge regulatory systems around the world. Along with focusing on banking and securities, this article assesses financial systems and regulators within China, Hong Kong, and Taiwan respectively. The evaluation of the CEA\u27s financial system is based on recommendations issued by the Basle Committee. In addition, with respect to the principle of national treatment, this article evaluates the operations of foreign financial institutions in the CEA. In the future, participation in the WTO will enable the CEA to experience greater growth and increase its participation in the internationalization of financial sectors. This article argues that the implementation of the Basle Accords as soft law is important for the establishment of a sound financial system in the CEA. This article concludes with an evaluation of the prospects of future financial development in the CEA

Surface preparation of powder metallurgical tool steels by means of wire electrical discharge machining

The surface of two types of powder metallurgical (PM) tool steels (i.e., with and without nitrogen) was prepared using wire electrical discharge machining (WEDM). From each grade of tool steel, seven surfaces corresponding to one to seven passes of WEDM were prepared. The WEDM process was carried out using a brass wire as electrode and deionized water as dielectric. After eachWEDM pass the surface of the tool steels was thoroughly examined. Surface residual stresses were measured by the X-ray diffraction (XRD) technique. The measured stresses were found to be of tensile nature. The surface roughness of the WEDM specimens was measured using interference microscopy. The surface roughness as well as the residual stress measurements indicated an insignificant improvement of these parameters after four passes of WEDM. In addition, the formed recast layer was characterized by means of scanning electron microscopy (SEM), XRD, and X-ray photoelectron spectroscopy (XPS). The characterization investigation clearly shows diffusion of copper and zinc from the wire electrode into the work material, even after the final WEDM step. Finally, the importance of eliminating excessive WEDM steps is thoroughly discussed

Hierarchical fuzzy control for C-axis of CNC turning centers using genetic algorithms

A combined PD and hierarchical fuzzy control is proposed for the low-speed control of the C-axis of CNC turning centers considering the effects of transmission flexibility and complex nonlinear friction. Learning of the hierarchical structure and parameters of the suggested control strategy is carried out by using the genetic algorithms. The proposed algorithm consists of two phases: the first one is to search the best hierarchy, and the second to tune the consequent center values of the constituent fuzzy logic systems into the hierarchy. For the least total control rule number, the hierarchical fuzzy controller is chosen to include only the simple two-input/one-output fuzzy systems, and both binary and decimal genes are used for the selection, crossover and mutation of the genetic algorithm. The proposed approach is validated by the computer simulation. Each generation consists of 30 individuals: ten reproduced from its parent generation, ten generated by crossover, and the other ten by mutation. In the simulations, the C-axis is assumed to be driven by a vector-controlled AC induction motor, and the dynamic friction model suggested by Canudas de Wit et al. in 1995 is used

Continuity of Optimal Control Costs and its application to Weak KAM Theory

We prove continuity of certain cost functions arising from optimal control of affine control systems. We give sharp sufficient conditions for this continuity. As an application, we prove a version of weak KAM theorem and consider the Aubry-Mather problems corresponding to these systems.Comment: 23 pages, 1 figures, added explanations in the proofs of the main theorem and the exampl

Elevated serum levels of free insulin-like growth factor I in polycystic ovary syndrome

Polycystic ovary syndrome (PCOS) is the most common cause of anovulation in women. Previous studies suggest that the pathogenesis of PCOS may involve interrelated abnormalities of the insulin-like growth factor (IGF) and ovarian steroidogenesis systems. We investigated this hypothesis in fasting serum samples from 140 women with PCOS (age, 27.4 +/- 0.4 yr; body mass index, 26.3 +/- 0.5 kg/m2; mean +/- SEM). IGF-related parameters were also studied in a group of normoovulatory women (n = 26; age, 26 +/- 4 yr; body mass index, 23.6 +/- 4.3 kg/m2). For the PCOS group, the mean testosterone (T) level was 2.5 +/- 0.1 nmol/L, and it was significantly correlated with LH (r = 0.41; P < 10(-6)), estrone (r = 0.33; P = 0.016), estradiol (r = 0.18; P = 0.04), and androstenedione (AD; P < 10(-6)), but not with dehydroepiandrosterone sulfate (P = 0.71), a marker of adrenal steroidogenesis. T and AD were also related to total ovarian follicle number and ovarian size, as previously found with normoovulatory women (1). There were no differences between the PCOS subjects and the normoovulatory group for total IGF-I, IGF-II, or IGF-binding protein-3 (IGFBP-3). However, IGFBP-1 levels were significantly decreased in the PCOS group (1.0 +/- 0.2 vs. 7.3 +/- 1.1 ng/mL; P < 0.001) and were inversely correlated with serum insulin levels (r = -0.50; P < 10(-8)). Serum levels of free IGF-I (fIGF-I) were elevated (5.9 +/- 0.3 vs. 2.7 +/- 0.3 ng/mL; P < 0.001) in inverse relation with IGFBP-1 (r = -0.31; P = 0.046). Serum fIGF-I levels were related to total follicle number (r = - 0.35; P < 10(-4)) and to the ratio of sex hormone-binding globulin to T (r = -0.23; P = 0.009). However, these relationships were not independent of other variables. Despite the more than 2-fold elevation in fIGF-I levels, significant relationships between fIGF-I and markers of ovarian steroidogenesis (T, AD, estradiol, and estrone) could not be demonstrated. In conclusion, although we confirmed correlations between LH and hyperandrogenemia and have found abnormalities in the IGF system in a large cohort of PCOS subjects, a direct relationship between hyperandrogenism and the IGF system could not be shown. Previous studies suggest that elevated LH and hyperinsulinemia lead to excess ovarian androgen synthesis in PCOS and that the intraovarian IGF system is important for normal follicle development and may be important in the arrested state of follicle development in PCOS. However, the data presented in this cross-sectional study suggest that insulin-related changes in circulating IGFBP-1 and subsequent elevation of fIGF-I reflect insulin resistance and have little enhancing effects on ovarian steroidogenesis in this disorder

Transient Plasma Ignition of Hydrocarbon-Air Mixtures

42nd AIAA Aerospace Sciences Meeting and Exhibit AIAA 2004-834 5 - 8 January 2004, Reno, NevadaThe article of record as published may be found at http://dx.doi.org10.2514/6.2004-834A transient plasma ignition system has been demonstrated to substantially reduce the ignition delay and detonation-to-detonation transition times for ethylene-air and propane-air mixtures under dynamic fill conditions. The effects initial conditions including equivalence ratio, a temperature range of 280K to 430K, and pressure range of 1 to 6 atm were evaluated. Ignition delays were reduced by up to a factor of 5 and the correspondingdeflagration-to-detonationtime scales were observed to decrease accordingly when compared to conventional capacitive dischargesystems. Thesubstantialreductionoftheignitiondelaytimesresultedinthegeneration of strong pressure waves which inherently steepened into shock waves quickly and in a short distance. Although direct initiation of a detonation wave was not obtained, the sub sequential use of a Shchelkin spiral was able to rapidly and reliably accelerate the combustion driven shock waves to detonations within practical distances. The efficiency and performance of the transient plasma ignition strategy will likely contribute to the development of fuel-air detonation initiators

Greenhouse gas emissions embodied in the Chinese international trade of computer products

Previous studies investigated greenhouse gas (GHG) emissions embodied in the trade of large groups of products by using the input–output model. However, very little attention was paid from the product’s perspective via the bottom-up process-based life cycle assessment (LCA) model. In this paper via the process-based LCA approach, GHG emissions embodied in the computer trade between China and its major trade partners were examined over the period 2002 to 2013. Results revealed that China has been the largest net exporter of GHG emissions related to computers over the last decade, where portable computer products made up the main share. In 2002, the largest trade flow of GHG emissions embodied in computers was from Taiwan to the USA, while in 2013 it was from China to the USA. Moreover, technological innovation and geographical variability were taken into consideration as emission factors of computers, as well as the uncertainty analysis. This study found that the main driver of computer-related emissions embodied in international trade is industry transfer. The actual production of computers has shifted steadily away from the USA, firstly to Taiwan and ASEAN, but now almost entirely to China. Results of this study suggest that reduction of carbon emission is destined to be a global responsibility.Lien-Chieh Lee, Yuan Wang, Yuanyuan Yan and Jian Zu

Living in the twilight zone:A qualitative study on the experiences of patients with advanced cancer obtaining long-term response to immunotherapy or targeted therapy

Purpose The introduction of immunotherapy and targeted therapy has drastically improved the life expectancy of patients with advanced cancer. Despite improved survival, obtaining long-term response can be highly distressing and comes with uncertainties that affect several life domains. The aim of this study is to gain a deeper understanding of long-term responders’ lived experiences with obtaining long-term response to immunotherapy or targeted therapy. Methods We conducted an exploratory qualitative study using thematic data analysis. Semi-structured in-depth interviews were conducted with 17 patients with advanced melanoma or lung cancer who had a confirmed response to or long-term stable disease while on immunotherapy or targeted therapy. Results Long-term responders are living in a twilight zone, where they neither feel like a patient, nor feel healthy. This impacts their self-image, interactions with their social environment, and feelings of uncertainty. Due to their uncertain life perspective, long-term responders are going back and forth between hope and despair, while they are longing for their ‘old’ life, several barriers, such as protective behavior of the social environment, force them to adjust to a life with cancer. Conclusion Long-term responders are facing many challenges, such as searching for a renewed identity, dealing with ongoing uncertainty, and having to adapt to a new normal. This emphasizes the importance of providing this new patient group with tailored information and support