The COVID-19 pandemic precipitated a surge in the non-performing assets held by financial institutions,elevating systemic risk in financial networks.Therefore,developing strategies to alleviate this risk,with a focus ...The COVID-19 pandemic precipitated a surge in the non-performing assets held by financial institutions,elevating systemic risk in financial networks.Therefore,developing strategies to alleviate this risk,with a focus on non-performing assets,has become a research area of interest.Supported by policies related to the Chinese insurance market,this study proposes the establishment of a non-performing assets disposal fund backed by insurance capital.This fund will invest in the non-performing assets of financial institutions with the aim of mitigating systemic risk.Using a linear threshold model,we identify an asymptotically optimal scheme for disposing of nonperforming assets.Additionally,we construct a payment model integrated with nonperforming assets,from which we derive an optimal payment and clearing strategy.Our research also proposes a robust set of criteria to assist regulators in determining whether to use the non-performing assets disposal fund.To demonstrate the efficacy of the fund in reducing systemic risk,we conduct simulations and analyze data from the Chinese interbank financial network.Through this rigorous analysis,we confirm the role of the fund in enhancing the stability of the financial system.展开更多
In July 2025,Claudio Descalzi,CEO of Italian oil company Eni,stated in an interview with the Financial Times that Eni’s low-carbon business operating profits would equal those of its oil and gas business by 2035 and ...In July 2025,Claudio Descalzi,CEO of Italian oil company Eni,stated in an interview with the Financial Times that Eni’s low-carbon business operating profits would equal those of its oil and gas business by 2035 and exceed oil and gas business profits by 2040.Meanwhile,British oil company bp is scaling back its low-carbon business under shareholder pressure,returning to traditional oil and gas operations,and plans to gradually dispose of USD 20 billion worth of low-carbon business assets such as onshore wind farms,aiming to increase oil and gas production to 2.3−2.5 million boe per day by 2030.Two European oil companies are heading in completely different strategic directions.In the future,whether Eni can achieve its expected goals of making renewable energy business a key core business,as well as what development strategies oil and gas companies should implement and adhere to,are questions worthy of deep consideration.展开更多
基金supported by the National Social Science Fund of China(No.22BTJ027).
文摘The COVID-19 pandemic precipitated a surge in the non-performing assets held by financial institutions,elevating systemic risk in financial networks.Therefore,developing strategies to alleviate this risk,with a focus on non-performing assets,has become a research area of interest.Supported by policies related to the Chinese insurance market,this study proposes the establishment of a non-performing assets disposal fund backed by insurance capital.This fund will invest in the non-performing assets of financial institutions with the aim of mitigating systemic risk.Using a linear threshold model,we identify an asymptotically optimal scheme for disposing of nonperforming assets.Additionally,we construct a payment model integrated with nonperforming assets,from which we derive an optimal payment and clearing strategy.Our research also proposes a robust set of criteria to assist regulators in determining whether to use the non-performing assets disposal fund.To demonstrate the efficacy of the fund in reducing systemic risk,we conduct simulations and analyze data from the Chinese interbank financial network.Through this rigorous analysis,we confirm the role of the fund in enhancing the stability of the financial system.
文摘In July 2025,Claudio Descalzi,CEO of Italian oil company Eni,stated in an interview with the Financial Times that Eni’s low-carbon business operating profits would equal those of its oil and gas business by 2035 and exceed oil and gas business profits by 2040.Meanwhile,British oil company bp is scaling back its low-carbon business under shareholder pressure,returning to traditional oil and gas operations,and plans to gradually dispose of USD 20 billion worth of low-carbon business assets such as onshore wind farms,aiming to increase oil and gas production to 2.3−2.5 million boe per day by 2030.Two European oil companies are heading in completely different strategic directions.In the future,whether Eni can achieve its expected goals of making renewable energy business a key core business,as well as what development strategies oil and gas companies should implement and adhere to,are questions worthy of deep consideration.
