Research Presentations (session 3 of 5) - Koshikawa and Zhang

Wednesday, May 20, 2015
12:00 PM - 1:30 PM
(Pacific)

Philippines Conference Room

Encina Hall, 3rd floor, Central

Speaker: 
  • Tsuyoshi Koshikawa,
  • Changbao Zhang

In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:

Tsuyoshi Koshikawa, Ministry of Finance, Japan, "Consideration of the Best Practice of Financial Administration – Through a Comparison Between the United States and Japan"

Japan has experienced two big financial crises.  One was the so-called “Non-performing Loan Problem” approximately from 1997 to 2003.  The other was the Global Financial Crisis, especially represented by Lehman Brothers Securities bankruptcy in September 2008 and originally caused by the so-called Subprime Loan Problem that occurred in the United States in the latter part of 2006.  Especially concerning the latter crisis, there have been active discussions among scholars and international organizations and each financial regulator carried out rule-making and policy-making in order to prevent the next crisis.  As a result, for example in the United States, the Dodd-Frank Wall Street Reform and Consumer Protection Act was established in July 2010.  But even now these discussions have been continuing in G20, Financial Stability Board, Basel Committee on Banking Supervision and so on.  What is the best practice in order to realize trustworthy protection of users and improvement of convenience, which is the biggest issue along with ensuring stability of the financial system?  In his presentation, Koshikawa will introduce recent discussions through a comparison between the United States and Japan and argue implications in the best practice of financial administration.

Changbao Zhang, PetroChina, "Reformation & Improvement of International Human Resource Management of Chinese State-Owned Petroleum Enterprises"

China has the most quantity of state-owned enterprises (SOEs) and state-owned property in the world.  Almost every field and industry of the national economy is involved with SOEs.  The implementation of China’s open policy and “going out” strategy are gradually pushing Chinese SOEs into the competition of the global market.  Compared to western companies, the gap in technology is not as big as management, especially in human resources management (HRM) which is influenced by politics, economy, society, history and traditional culture.  Zhang has analyzed and compared the history, current situation and future direction of HRM of Chinese SOEs and that of western companies.  Based on his findings, Zhang proposes suggested solutions focusing on the enterprise micro-level HRM with the case of China National Petroleum Corporation (CNPC).