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JP LI, the founder of the Chinese chapter, and the winner of the CEO CLUBS lifetime achievement award, has several dramatic activities in the ten Chinese chapters. Below is a CEO CLUB building under construction at the sister city to Beijing, Tianjin.

JP Li has lead the enormous five year effort to build a high speed train from Las Angeles to Las Vegas, originally called Desert Express. Ground breaking is set for 2016.

Please see these links to demonstrate our role in helping CRCC to build this train without any USA funding.

More Here


JP LI, the founder of the Chinese chapter, and the winner of the CEO CLUBS lifetime achievement award, has several dramatic activities in the ten Chinese chapters. Below is a CEO CLUB building under construction at the sister city to Beijing, Tianjin.

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Clearing house (finance)  金融结算中心
In Tianjin, China

A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities, as well as off-exchange in the over-the-counter (OTC) market. A clearing house stands between two clearing firms (also known as member firms or clearing participants) and its purpose is to reduce the risk of one (or more) clearing firm failing to honor its trade settlement obligations. A clearing house reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (also called "margin deposits"), by providing independent valuation of trades and collateral, by monitoring the credit worthiness of the clearing firms, and in many cases, by providing a guarantee fund that can be used to cover losses that exceed a defaulting clearing firm's collateral on deposit. Also, it acts as a clearing firm.

Once a trade has been executed by two counterparties either on an exchange, or in the OTC markets, the trade can be handed over to a clearing house, which then steps between the two original traders' clearing firms and assumes the legal counterparty risk for the trade. This process of transferring the trade title to the clearing house is called novation. It can take fractions of seconds in highly liquid futures markets; or days, or even weeks in some OTC markets.

As the clearing house concentrates the risk of settlement failures into itself and is able to isolate the effects of a failure of a market participant, it also needs to be properly managed and well-capitalized in order to ensure its survival in the event of a significant adverse event, such as a large clearing firm defaulting or a market crash.

Many clearing house guarantee funds are capitalized with collateral from its clearing firms. In the event of a settlement failure, the clearing firm may be declared to be in default and clearing house default procedures may be utilized, which may include the orderly liquidation of the defaulting firm's positions and collateral. In the event of a significant clearing firm failure, the clearing house may draw on its guarantee fund in order to settle trades on behalf of the failed clearing firm.

The term is also used for banks like Suffolk Bank that acted as a restraint on the over-issuance of private bank notes.

(*Source: https://en.wikipedia.org/wiki/Clearing_house_(finance))

To see the Chinese chapters go to
http://ceoclubs.org/section/chinese.php 
and the Chinese website is www.globalceoclubs.com.

Google will translate the Chinese chapter for you.


March 2016

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(Beijing, China, September 17, 2015 - Las Vegas, Nevada, September 18, 2015) China Railway International USA CO., LTD. and XpressWest have agreed to form a joint venture that will accelerate the launch of the XpressWest rail project connecting Las Vegas, Nevada to Los Angeles, California (the “Southwest Rail Network”). The Project will develop, finance, build and operate the Southwest Rail Network, with stations in Las Vegas, Nevada, Victorville, California, and Palmdale, California, and service throughout Los Angeles. The decision to form a joint venture is the culmination of years of work and builds upon the significant accomplishments of XpressWest.

Click Here for more on this story

 

Chairperson:
J. P. Li, CEO

Location: Beijing / Head Office

Contact Info:

    Global CEO Clubs China
    Room 502, West Building, No. 5
    Xinyuan South Street
    Chaoyuang Distrct, Beijing

    Phone: 13301176311
    Email: ceo@globalceoclubs.com

 

 

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