경제학 : 중국 국유기업의 소유제 개혁과 주식제 발전

구기보 ( Ki Bo Ku ) 중국학연구회 2007 중국학연구 Vol.- No.40

중국 진출 우리나라 금융기관의 녹색금융 진출에 관한 연구

구기보 ( Ki Bo Ku ),황원일 ( Won Il Hwang ) 한중사회과학학회 2011 한중사회과학연구 Vol.9 No.3

This paper intends to propose implications for Korean financial institutions by analyzing green finance of China. First, green finance of China has been growing rapidly since it began in 1997. Second, green finance of China is on the rapid growth, but it not so much compared with other works. Third, green finance of China began with many kinds of fields, including green loan, green insurance, and green securities, but it has been developing on a main basis of green loan. Fourth, green finance of China is developing by government-led and financial institutions` following model, not by financial institutions theirselves. Fifth, it is recognized that the green finance of Chinese banks make contributions to their benefit and society. Finally, green finance of China has great potentiality but it is uncertain when the market will be formed to a degree. It is necessary that Korean financial institutions in China should perform the following strategies in order to succeed in green finance of China. SO strategies are as follows: 1) Understanding the policy of the Chinese government toward green finance and analyzing the green industry, 2) Entry into the green finance market by merging local financial institutions, 3) Enlarging the portfolio of green finance, 4) Enhancing the system of green enterprises, etc. WT strategies are as follows: 1) Marketing in the niche market rather than in the main market in terms of areas, 2) Focusing on prominent fields rather than on overall fields, 3) Focusing on potential green enterprises rather than large-scale green enterprises, 4) Enhancing the level of service toward green enterprises, 5) Forming the image as ``Social Enterprises``, etc.

중국 정부의 과학기술재정 지원과 중국 기업의 과학기술금융에 대한 분석

구기보 ( Ki Bo Ku ),황원일 ( Won Il Huang ) 한중사회과학학회 2014 한중사회과학연구 Vol.12 No.4

This paper focuses on Chinese science and technology companies’ financing through the two channels including science and technology public finance of the government and science and technology finance of the private sector. Chinese science and technology companies are supplied with needed capital through science and technology public finance and science and technology finance. The ratio of Chinese science and technology public finance has not been much different, but the scale has been enlarged as public finance expenditure becomes bigger. Nevertheless, the distribution of science and technology public finance has structural problems and various companies cannot receive the money. In other words, science and technology public finance is mainly distributed to big and state-owned companies, but it is difficult for small and medium size companies get the public finance. The enterprises that get little favors of science and technology public finance have mainly been supplied with science and technology finance. Science and technology is classified as bank loans and capital market financing, as for China, banks that have absolute ratio of market shares are unwilling to give loans to science and technology enterprises. Even though banks give loans to science and technology enterprises, they are inclined to give loans to enterprises that develop technology and gain profits. As for capital, the ratio of traditional enterprises is high on the whole. The small and medium enterprise market and Chinext market is growing very fast in recent years. In order to facilitate money supply for science and technology enterprises, the Chinese government has built the system that assesses the value of science and technology enterprises and has induced financial companies to develop financial goods to reduce the risk of themselves. The government has induced financial companies including banks, insurance companies and securities companies to cooperate with various intermediary companies and produce financial goods.

경제학 : 21세기 중국 자본시장의 구조변화와 적격 역외기관 투자가 제도

구기보 ( Ki Bo Ku ) 중국학연구회 2004 중국학연구 Vol.- No.28

중국 위안화의 SDR 편입 요건과 파급효과에 관한 연구

구기보 ( Ki Bo Ku ),이치훈 ( Chi Hun Lee ) 현대중국학회 2016 현대중국연구 Vol.17 No.2

This paper focuses on reviewing the conditions of RMB’s entry into IMF SDR baskets and analyzing the influences on China, international financial market, and Korea as RMB became part of IMF SDR baskets. RMB’s entry into IMF SDR is expected to contribute to the Chinese economy and financial market including RMB internationalization by enhancing of RMB’s roles. RMB’s entry into IMF SDR may influence the Korean economy negatively or positively, but it is expected to be a positive thing generally. Korea need to make the best of opportunities of gradual financial market opening of China. Meanwhile, Korea also need to monitor the economic policies and conditions of China and establish countermeasures in order to enhance the stability of Korean financial market.

중국 상장기업의 비유통주 개혁에 따른 주식시장의 반응

구기보 ( Ki Bo Ku ) 현대중국학회 2011 현대중국연구 Vol.13 No.1

This paper focuses on analyzing the results that untradable stocks` reform has brought in stock market of China for the past 10 years. The untradable stocks` reform of listed companies has had a considerable effect on stock market in China for 10 years. The untradable stocks` reform has been performed stage by stage: 1) Untradable stocks are converted into tradable stocks. 2) The trade of untradable stocks is constraint temporarily. 3) Untradable stocks are released. 4) The trade is peformed after the release of temporary constraint. And then, untradable stocks` reform is completed by law, but the reform is not completed substantially. For example, the nation still remains major share-holder of state-owned companies even after untradable stocks are switched over tradable stocks. There still remains the following issues to review after the completion of untradable stocks` reform. First, it is difficult to say that untradable stocks` reform has enhanced the confidence of state-owned companies. And then, untradable stocks` reform still affects stock market in substance after the reform is completed legally. Finally, untradable stocks` reform will affect stock market in the future, not just in the past.

중국의 통화정책과 물가수준, 환율의 상호작용에 대한 연구

구기보 ( Ki Bo Ku ) 현대중국학회 2015 현대중국연구 Vol.16 No.2

This paper focused on analyzing the relations of exchange rate, monetary policy, and price level that the Chinese government intervention into a foreign exchange market have brought about by using P. Krugman’s Triangle Dilemma theorem. The inflows of foreign exchange lead to the pressure of the exchange rate appreciation and the foreign exchange authorities cannot but intervene in foreign exchange market and buy foreign exchange to release the appreciation of the Chinese yuan exchange rate. But, it can be profitable to an economic recovery that the foreign exchange authorities intervene in foreign exchange market and buy foreign exchange in the depressed state. China has been in relatively low economic growth in recent years compared with that of the past. Therefore, the Chinese foreign exchange authorities’ intervention into foreign exchange market can enable two goals of Chinese yuan exchange rate stability and business recovery through rise in price. Accordingly, it is expected that the Chinese government will continue to intervene in foreign exchange market and stabilize the exchange rate of the Chinese yuan. It is difficult to expect the rapid exchange rate fluctuations of the Chinese yuan in the near future. Under the circumstance, Korean companies have to compete with Chinese companies that narrow a technological gap rapidly. Korean companies should make the best of Korea-China FTA to enhance the competition power. Korean capital companies that invest in China can reduce production cost in case they import subsidiary materials from Korea and make complete products in China. And the companies in Korea can get double customs benefit by importing materials from China and exporting to other countries like the U.S.A or EU.

사회과학 : 중국 부동산시장의 성장과 부동산금융의 수요실태

구기보 ( Ki Bo Ku ) 한국외국어대학교 외국학종합연구센타 중국연구소 2005 中國硏究 Vol.35 No.-

선발자와 후발자의 경쟁우위 관점에서 본 중국 스마트 폰 산업

구기보 ( Ki Bo Ku ) 한중사회과학학회 2015 한중사회과학연구 Vol.13 No.4

As the Chinese local companies grow fast in the smart phone industry in the world market as well as in the Chinese local market, they have threatened Korean companies. Especially Samsung Electronics was surpassed by local companies in China. In terms of levels of technology or types of technology, the company(leader) that holds application technology sustains the superiority in a relatively short term, but the company that has original technology maintains the superiority in the relatively long term. In terms of levels of the price, it is possible that the leader may surpass the followers again even though the former was surpassed by the latter in the high price smart phone market. On the contrary, it is very difficult that the leader overtakes the followers again in case the followers surpass the leader in the low price smart phone market. In order to regain the superiority in the Chinese smart phone market, Korean companies need to take different strategies in the high or low price smart phone. They need to invest in much more original technology besides the imitation of the leader or the development of similar technology in the high price market. Considering that there is little difference of quality in the low price market, they need to establish aggressive price-lowering strategies.

한,중 증권감독의 비교연구 -체계와 제도를 중심으로-

구기보 ( Ki Bo Ku ) 현대중국학회 2003 현대중국연구 Vol.5 No.2