Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
185 articles
Proceedings Article
Peer-Review Statements
Faruk Balli, Au Yong Hui Nee, Sikandar Ali Qalati
All of the articles in this proceedings volume have been presented at the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022) during July 22–24, 2022 in Xi’an, China. These articles have been peer reviewed by the members of the [Scientific Committees and reviewers]...
Proceedings Article
Discuss Starbucks Under the COVID-19 Pandemic from the Finance
Xiaozhen Li
Based on the background of COVID-19, the financial impact of Starbucks was discussed, that is, whether timely measures were taken to restore Starbucks’ financial data to pre-epidemic levels. Through analysis and assumptions, this paper considers that 2020 is the main year affected by the epidemic. Therefore,...
Proceedings Article
Portfolio Optimization with Fama-French Model
Haohua Yang
This paper explores the method of using Fama-French Three Factor Model and mean variance analysis to optimize portfolios, reaching more accurate predictions, and achieving maximum return and minimum risk. Using historical data of stocks from different industries, three factors from the Fama-French database...
Proceedings Article
Impact of Carbon Emission Policy on the Automotive Industry
Based on the Analysis of BYD’S Financial Statements
Du Li
IN recent years, China has strictly controlled carbon emissions, aiming to establish and improve the economic system of green and low-carbon circular development and promote China's green development. Carbon emission policies can be beneficial to the automobile industry to promote the achievement...
Proceedings Article
Research on the Policy Environment on the Risk of Multinational Banks - Based on the Analysis of Regional Regulatory Policies and Multinational Banks
Ge Yan
The existing financial regulatory framework makes it difficult to effectively regulate international banking as international financial services continue to innovate. Banks also tend to establish more branches and lend more to countries with less stringent regulations, which makes cross-border banks...
Proceedings Article
Research on Economic Inequality in Vietnam’s Urban Residents: Export-Oriented Economy, Urbanization and Corruption
Lewen Qin, Yijia Wang, Yuancheng Wang
As one of the fastest growing countries in the world and a typical emerging market developing country, Vietnam has an economic miracle based on an export-oriented economy. While the influx of investment and foreign exchange into income opportunities in Vietnam, the economic gap in income and wealth has...
Proceedings Article
Research on the Marketing Strategy Under the Castle—Taking Disney as an Example
Yujie Zhou
The research background of this article is based on the development of Disney from 1956 to 2022. In this essay, The research will mainly analyze Disney's successful marketing strategy from four aspects: trigger, action, variable reward, and investment. In this process, this paper also enumerates...
Proceedings Article
Analysis of TuSimple’s Investment Value
Jiaxin Dong, Jiaran Jiang, Zirui Luo, Yanming Xu
TuSimple is the first global automatic driving stock listed in the United States. At present, it is in the growth stage. It is a truck technology company founded by core members such as Chen Mo, Hou Xiaodi, and Wang Naiyan. Its core products are an L4 automatic semi-trailer truck, TuSimple path system,...
Proceedings Article
The Impact of the Covid-19 on the Video Game Market
Harry Chen
Under the attack of Covid-19, the global economy and business are suppressed. The entertainment chain has been broken, and people were trapped in their houses. Emerging fears, loneliness, and diseases make the world chaos. However, video games’ special functions and advantages make the industry survive...
Proceedings Article
Research on the Development Path and Countermeasures of the Silver Economy
Taking Shanghai as an Example
Xinxia He, Bing He, Chenhui Li
China is accelerating into an aging society, and will face long-term population problems in the future. The social and family burdens continue to increase, and the demand for pension and rehabilitation services continues to increase. Shanghai is a region with a high degree of aging in China, and it is...
Proceedings Article
Research on the Construction of Smart Logistics in Heilongjiang Province Under the Background of New Retail
Qinghua Shang
In the face of the rapid development of new retail, the development of smart logistics in Heilongjiang province lags behind. The analytic hierarchy process is used to find out the factors affecting the construction of smart logistics in Heilongjiang Province, and the entropy weight method is used to...
Proceedings Article
Status, Challenges and Strategic Direction of the ESG Development in China
Chunmei Cui
ESG stands for abbreviation of environmental, social and corporate governance investment. ESG concept has been more and more widely used in the world. Compared with European and American countries where ESG development is more mature, China’s ESG development is still in its infancy, and there are still...
Proceedings Article
Construction of Chinese Stock Investor Sentiment Index
Ying Zhao
Based on some data of the CSI 300 index, this paper uses the principal component analysis (PCA) to build the investor sentiment index, and then discusses the feasibility of constructing the investor sentiment index. It aims to build an investor sentiment index that matches the Chinese market, understand...
Proceedings Article
The Development of the Shared Portable Chargers Industry Under the Sharing Economy and Its Problems and Solutions
Di Sang
Based on the background of the sharing economy, the shared portable chargers industry has developed rapidly in China in recent years. This paper summarizes the development trend of the industry and objectively analyzes the advantages and disadvantages of the current development of the shared portable...
Proceedings Article
Shanghai Housing Purchasing Restriction Policy
Xinyu Jiang, Xuanyu Wang
The background of this study is the rapid growth of China’s population and the increasing demand for housing. In a big city like Shanghai, buying a house has become a very difficult thing. This result is because some people increase the average price of houses in the market by malicious speculation and...
Proceedings Article
Research on the Implementation of the Federal Reserve’s Rescue Programs After the Financial Crisis
Lizhi Zhang
The Federal Reserve’s bailout plan in response to the financial crisis successfully saved the US from the decaying state of the markets in the aftermath of the financial crisis. In order to deal with possible future financial crises, it is essential to study the concrete measures and the effects of their...
Proceedings Article
The Impact of Government Regulation on Financial Institutions Before and After the Financial Crisis
Yawen Zheng
With the development of the social economy, the issue of financial market regulation has become one of the main concerns of the society and the government. Some researchers have found that government regulation has an impact on the financial market, however, the specific results of the impact are still...
Proceedings Article
Venture Capital Investment Decisions on Tesla
Ying Zhang
The boom in electric vehicles in recent years has draw the attention of many companies to this mass-market, This article discusses the business analysis of Tesla, a leader in the electric car market and a technological corporation with an ambition to innovate in the energy sector. Its CEO is the most...
Proceedings Article
Comparative Analysis of Economic and Social Status of Japan and South Korea
Fanyu Lin
Japan and South Korea are both countries with high per capita GDP. Japan and South Korea have become a highly urbanized countries, but are disadvantaged in terms of natural resources. Japan and South Korea have very few agricultural laborers, choosing instead to focus on the service industry. And employment...
Proceedings Article
The Impact of Water Pollution and Water Control on the Ecological Welfare Economy of the Beijing-Tianjin-Hebei Region from 2010 to 2019
Hongjia Su, Chi Wang, Yiran Wang
With the rapid economic development and substantial population growth in the Beijing Tianjin Hebei region, the discharge of industrial and agricultural wastes has caused serious water pollution problems. Over the years, the government has attached great importance to water pollution and carried out the...
Proceedings Article
Research on the Collapse of US Investment Banks in the Subprime Mortgage Crisis
Qirun Zhang
The subprime mortgage crisis was a famous financial event in history, which brought a huge impact to the US and even the world economy at that time, and the five major Wall Street banks suffered serious setbacks. In this paper, the failure of investment banks in the subprime mortgage crisis is attributed...
Proceedings Article
Optimization of Non-arbitrage Interval Pricing Model of Stock Index Futures and Arbitrage Analysis of SCI 300 in the Context of COVID-19
Yihan Xu
Stock index futures are important investment assets for small and medium investors. Under the impact of the COVID-19, the stock index futures market has been seriously impacted. The traditional non-arbitrage interval model of stock index futures has also been affected, and the pricing efficiency has...
Proceedings Article
The Review on Anchoring Effect
Yu Jin
The anchoring effect is very common in life is one of the heuristics. This article reviews the background and mechanism of the anchoring effect. The essay uses real-life applications and case studies to explore the effect of the anchoring effect, and concludes through case studies and real-life findings...
Proceedings Article
Reasons for the Impact of Different Acquisitions Take Kindred Healthcare and Susquehanna Bancshares as an Example
Yihao Zhang, Xinran Zhao
The acquisition means that one company purchases all or part of the assets or property rights of another company, thereby influencing and controlling the acquired company. The acquisition can enhance the competitive advantage of the enterprise and realize the behavior of the enterprise's business...
Proceedings Article
Research on Financial Technology, Inclusive Loans and Bank Risks in China
Chen Cui
Based on analysis of current situations of commercial banks’ financial technology investment, scale of inclusive loans and bank risks, this paper makes a detailed analysis on the effect of financial technology on improving the condition that inclusive loans increase bank risks. There are several findings...
Proceedings Article
The Impact of Technology Expenditure on the Commercial Banks’ Profitability in Canada
Zijun Lin, Yunan Wang
The growing cyber threat has created an uncontrollable financial mess for the global banking industry. This paper presents a case study that reviews Canada's largest financial data breach and investigates the spillover effects of cyber attack. To test the cyber investment efficiency of banks in...
Proceedings Article
Internet Celebrity Economy in the Era of Big Data
Tianhao Xiong
With the wide application of the Internet, mankind has entered the “big data era”. Analyzing data has become a necessity in every industry. This paper will take online celebrity products as an example. By putting forward the problems of Internet celebrity products in the era of big data and their views...
Proceedings Article
Political Economy Analysis of Significant Roles of MITI in Japan's Industrial Policies During Japan's Post-war Economic Miracle Period
Qingming Song
Japan’s rapid economic recovery and growth during the post-war period were well-known, and the factors behind the growth varied, including Ministry of International Trade and Industry (MITI). This paper reviewed the literature to figure out a research question regarding the roles of MITI played in Japan’s...
Proceedings Article
A Study of the Effect of Celebrity Endorsement on Purchase Intentions
- Evidence from China
Yihan Jiang
As advertising grows pervasive in everyday life, it plays a significant role that brands recognize. Advertisements shape consumers’ attitudes of brands and, to some extent, influence their purchasing behavior. This study focuses on endorsers’ attributes and employs the source attractiveness model to...
Proceedings Article
Analyzing the Trend of Modern Ice Cream Industry: The Case of Chicecream
Jiayao Shen
In recent years, the level of consumption in China has risen rapidly and citizens’ pursuit have changed constantly. There is a phenomenon that the average price of ice cream in market is getting more and more expensive, and the brand iteration rate is getting higher increasingly. Chicecream is one of...
Proceedings Article
System Theory and Cybernetics of the British Industrial Revolution: Positive Feedback Between Smith-Young Growth and Schumpeterian Growth
Bochao Ma
This paper explores the conundrum why the industrial revolution firstly occurred in England. Such event should be defined as a revolution of commercial technological application rather than only the emergence of invention. Unlike the traditional explanations focusing on the single-factor model, the study...
Proceedings Article
Assets Portfolio Analysis of the Firefighter Case
Bohua Miao
Portfolio optimization has a pretty significant position in the financial field. The purpose of this paper is to make the portfolio decision and the asset allocation by using four stocks and a firefighter’s pension that can be viewed as a long-term bond. First this paper aims to do the allocation analysis...
Proceedings Article
Financial Analysis on You+ Company
A Report About the Development of You+
Xu Sun
In modern society, there are plenty of companies developing on the early stage. Few companies are expected to have fast growth. You+ International Youth Community, one of Chinese new-creating companies, acquires praise from experts. You+ is an innovative company. It creates a living mode called Coliving....
Proceedings Article
The Impact of the Russian-Ukrainian War on Oil Markets in European Countries and Possible Solutions
Mingyang Guo, Zipeng Zhang, Xiayao Zhu
The war between Russia and Ukraine broke out even before the world epidemic was over. Since the end of the Cold War, Ukraine has become a key focus of attention for Russia and other European countries, hence the war between Russia and Ukraine has never really stopped, from the trial in political preference...
Proceedings Article
Research on the Impact of Digital Economy on the Upgrading of Industrial Structure
TuoChen Li, Yue Yu
Based on panel data of three major Urban agglomerations in China from 2011 to 2019, this paper adopts the entropy weight method to measure the comprehensive level of digital economy. On this basis, this paper establishes the econometric model to conduct empirical research on the direct impact, transmission...
Proceedings Article
Consumption Commitment
Extension of the Veblen Effect
Winne Wu
Affective value has grown in importance as a factor affecting customers’ desire to purchase as living standards have increased. In this essay, we examine the impact of commitment consumption on consumption, work extend the theoretical of objective price to subjective value of the Veblen effect as well...
Proceedings Article
Public Confidence and Life Satisfaction During the COVID-19 Pandemic with a Moderating Effect of Income
An Australian Perspective
Xinyue Zhou
During the COVID-19 pandemic, considerable research observed a simultaneous decrease in both public confidence and life satisfaction. Does a decline in public confidence result in a worsening of citizens’ quality of life, or does a rise in confidence result in an improvement? Subjective wellbeing at...
Proceedings Article
Research on the Relationship Between Technological Innovation and Regional Economic Development
YiXin Xiao, JingWen Chen, ZhongQiu Gao
This article studies the correlation between the regional economic development and the technological innovation using the provincial and enterprise data of China from 2009 to 2018. Based on the results, we draw the following conclusions: Firstly, the most economically developed provinces generally have...
Proceedings Article
Method of Researching on the New Attitude Towards Eating Behavior During COVID-19
Zitian Lin
In order to study people’s new eating habits during the epidemic, this paper focused on method research, designed a set of interviews and questionnaires suitable for this research problem, enriched and improved the research methods on this topic. Changes in food habits and related activities before lockdowns...
Proceedings Article
The Effects of Macroeconomic Variables on Income Inequality Based on Cross-Section Analysis
Bingyue Bai
Almost all countries in the world are experiencing economic growth and technological progress, but the gap between rich and poor is also steadily widening. As a result, the income inequality has become an important issue that every country must face. Using cross-sectional data from 54 different countries...
Proceedings Article
The Negative Effects Caused by COVID-19 and in Catering Industries in China
Mijian Han, Zehua Lai, Weihang Zhang
The COVID-19 pandemic is one of the worst global health emergencies in modern history. Like many other industries, the restaurant industry has also been attacked hardly by the pandemic. After COVID-19 happened, more than 90% of restaurants were closed following the restrictions of the Chinese government....
Proceedings Article
Analysis of the Factors of Real Estate Price Based on Hangzhou
Songyao Wang
The real estate industry plays an important role in the national economy and is an important industry to enhance the national economy and improve people’s life. Due to the high correlation and strong driving force of the real estate industry, it has become an important industry of the national economy....
Proceedings Article
The Impact of the 2019-nCov on Sichuan Tourism Industry and Measures to Address
Enzhu Liu, Feitong Lu, Jiangkun Yu
The purpose of this paper is to investigate the extent to which a 2019-nCov can affect the tourism industry of cities in China such like Sichuan. Suggestions to reduce negative impact on tourism industry based on the follow investigation will be given. By the end of 2019, the Covid started spreading...
Proceedings Article
Russian-Ukrainian War Affects Ruble and Dollar
Shuyan Jin
The Russian war broke out in 2022 and the war made two countries, Russia and Ukraine, a threat to the world supply chain system. A shortage of world resources occurred. Inflation occurs in most countries. The analysis of the situation helps investors to solve the problem of excessive investment risks....
Proceedings Article
The Impacts of the COVID-19 Pandemic on the Electric Vehicle Sector in the United States
Pu Sun
This current work measures the difference in how retailers of electric vehicles, mixed vehicles, and green energy ETFs performed in the market during the COVID-19 pandemic. By aggregating the average daily returns of four U.S automotive stocks and two green energy ETFs from Feb. 2020 to March 2021 using...
Proceedings Article
Insta360 Catches the Wave of Industry Growth
Factors of Insta360’s Success
Wenjing Xiong
The global panorama camera industry has four main waves: virtual reality consumption, short video, outdoor economy, and camera imaging technology. The main consumer panorama camera companies in the world are Insta360 in China, Ricoh in Japan, and GoPro in the United States. This paper discusses the uniqueness...
Proceedings Article
Assessment of Contemporary Currency Regimes
Yiting Wang
The coronavirus pandemic causes a dramatically fall in global economic activity in recent history, with global GDP shrinking by 3.1%. Countries responded to this severe economic contraction with measures in the fiscal and financial sectors. For the first time, the central banks of the major member countries...
Proceedings Article
Research on the Development of Inclusive Finance in Heilongjiang from the Perspective of Supply Side Reform
Yunan Wang, Zijun Lin
The purpose of supply side reform is to promote reform and optimize China’s existing economic structure problems, so as to optimize allocation, save resources and promote healthy economic development [1]. Inclusive finance itself has the characteristics of social security, and its smooth implementation...
Proceedings Article
Portfolio Optimization with or Without Safe Asset
Yongyu Liu
Portfolio optimization is one of the most common and essential technique in measuring the plausibility of the designated combinations of the assets. Optimal Portfolio are well diversified to decrease the non-price risk and the unsystematic risk of the assets, which maximizes the returns of the stocks...
Proceedings Article
Analysis of Investment Insight and Recommendation of Discord Based on the POCD Framework
Pengjie Li
As the cyber world enters a brand-new phase of its evolution, an easier and better communication among video game users is demanded more from the market. As, an online communication company founded in 2015, has been gradually and efficiently fulfilling the needs of the market. Compared to old-fashioned...
Proceedings Article
The Discussion on Anchoring Effect
Huiyi Xing
Anchoring effect is very important in our lives. Anchoring effects need to be applied in many processes. So who proposed the anchor effect? Why is it so important to us? What aspects of the anchorage effect can be applied in life? Are all the subjects that we need to study. In the process of research,...
Proceedings Article
The Impact of the Economic Growth and Economic Development on Population Growth
Hongcheng Qian
It is common sense that China made a miracle of the speed in GDP. In 2021, the growth rate of GDP was 8.1% in China compared with America in which only 2%. The GDP per capita was from 1000 dollars in 2000 to 10500 dollars. Also, the Chinese total population is over 1.4 billion, which is a grandiose number....
Proceedings Article
Problems and Countermeasures in China's Capital Market Reform and Development
Rundong Xi
As a very important part of the financial market, the capital market refers to the sum of the relationship between securities issuance and trading, which is used for long-term financing. At present, the development of China's capital market lags behind passively, and there are some shortcomings...
Proceedings Article
Analysis on the Company Lovepop Using POCD-Model
Haoyang Li
The analysis of start-up enterprises is one of the important research topics in venture capital. Researchers use many methods to analyze start-up enterprises. However, POCD model is rarely used to analyze start-up enterprises in these methods, and there is still a research gap in the analysis of start-up...
Proceedings Article
Risk Analysis and Effective Countermeasures of Investment Banks
Mengyang Li
In recent years, China's securities market has maintained a rapid development trend, which has played a significant role in promoting the growth of the national economy. But at the same time, there are a series of major problems in the securities market, such as market manipulation, letter violations...
Proceedings Article
The Influence of Financial Integration on Chinese Economy: A Case Study of Yangtze River Delta Economic Zone
Qian Li
This paper is based on the fact that the integrated development of the Yangtze River Delta is in an accelerated process, and the financial integration is an indispensable part of the integration project of the Yangtze River Delta. The financial industry does not create value, but can only add value to...
Proceedings Article
Perfect Diary Investment Analysis
Yajun Lei
With the continuous development of the social economy and the deepening of consumption upgrades, cosmetics, as one of the leading retail industries, has become a major consumption hotspot. In the increasingly fierce market environment, the perfect diary with its unique advantages, in many brands when...
Proceedings Article
Research on the Promotional Effect of Commercial Banks’ Digital Financial Innovation on Regional Economic Development and Path Exploration
Taking ICBC in the Beijing-Tianjin-Hebei Region as an Example
Shan He
As a key economic development strategy and regional reform direction in China, Beijing-Tianjin-Hebei integration, among which, promoting factor market integration and financial market integration is the top priority of its reform. As the core of China's financial system, commercial banks should...
Proceedings Article
Analysis of the Renewable Energy Development Situations Among Twenty-Seven EU Countries
Ziling Xie, Ruoqing Yin, Yifan Zhi
Currently, renewable energy development can help to solve climate change and many countries around the world are busy with extract the potential of renewable energy sources. However, there is a significant difference in renewable energy share in final energy consumption among EU twenty-sever countries....
Proceedings Article
Empirical Study on Stock Index Futures Arbitrage and Relationship with Spot Index
Based on CSI300 Stock Index Futures
Yiran Gao
As a futures investment tool, stock index futures has been concerned by investors since its introduction and widely used as one of the ways of risk averse. This paper empirically analyzes the relationship between the stock index futures trading and the spot index of CSI 300 using the co-integration theory...
Proceedings Article
Research on the Restructuring of the International Financial System under the COVID-19 Epidemic
Jingxin Yang
A global public health event with far-reaching and far-reaching consequences, the COVID-19 epidemic has not only disrupted the struggling global governance system and the world, but has also had a profound impact on international financial markets. In the post-corona era, the accumulation of financial...
Proceedings Article
Executive Reduction and Employee Stock Ownership Plan
Empirical Evidence from Chinese A-share Listed Companies
Danxun Yan
Since 2014, employee stock ownership plans have received extensive attention and support from the capital market, and the number of companies implementing the plan has gradually increased. At the same time, the changes to the company’s value that may be caused by the reduction of executives’ holdings...
Proceedings Article
Problems and Countermeasures of China's Rural Financial Ecological Environment Construction Under Inclusive Finance
Liping Zhu, Zhizhong Li
Rural financial ecological environment is very important to the development of rural economy. This paper analyzes the problems facing the rural financial ecological environment under the development background of inclusive finance in China, and puts forward how to better build the rural financial ecological...
Proceedings Article
The Application of Robotics in the Field of Service from the Investment Perspective
Tian Chen, Yunhui Qi, Weiliang Sun, Lihui Zhu
Just as the industrial revolution, which brings significant change and boom to the development of productivity, the robots in the service industry are highly possible to adjust and regenerate the current business. However, many technological workers are still experimenting with applying artificial intelligence...
Proceedings Article
The Impact of Government Deregulation on Bank’s Behaviors: Comparison of China and US Context
Shilong Kang
Deregulation, also known as deregulation, refers to the relaxation or removal of some controls, such as changing the controls on business entry, pricing and investment from a licensing system to a reporting system. The main reasons for deregulation are technological innovation centred on information...
Proceedings Article
The Analysis on the Endowment Effect
Linghan Yi
The endowment effect is very common in real life, and it can affect people’s life in many aspects. It can affect the market efficiency, causing the consumers to have an extra cost and an opportunity cost, which will have a bad effect on society, and influence the government in making decisions. So in...
Proceedings Article
Research on Stock Investment Strategies Under COVID-19—Based on Behavioral Finance
Ziyi Gu
Behavioral finance is a new and popular subject that combines psychology and other behavioral sciences, integrates traditional financial theories, and innovatively explains investors’ behaviors and decisions from the perspective of micro individuals. In 2020, the outbreak of the COVID affected major...
Proceedings Article
Fama French Three Factor Model in Chinese Stock Market during Covid-19
Ningrong Cai, Danqing Song, Yiqing Zhang, Zhuoqun Zhang
Many papers in the empirical finance literature examine the Fama-French three-factor model of stock returns in different markets. This paper applied the three-factor model to the Chinese stock market in the Covid-19 specific period and made a comparison with the pre-Covid model application to distinguish...
Proceedings Article
Central Bank Digital Currencies-Embrace the Future
Chunmei Cui
In the 21st century, digital currency has attracted much attention in financial technology (Fintech). Currently being seriously explored by most of the world's major central banks, electronic money, the innovative product of the digital economy, may have a significant impact on the macro-financial...
Proceedings Article
The Effect of Uncertainties on the Tourism Industry: A Literature Review
Wenbo Meng
Tourism is an extensive and intensive global industry of firms in various areas. Since tourism is a product of pleasure and business, it provides people an opportunity to enhance their living standards and offers many career choices. Nevertheless, tourism is fragile, and the damage caused by various...
Proceedings Article
Changes in the Real Estate Market in China and Its Impact on the Local Real Estate Market: Taking Junfa Group as an Example
Jiamo Sun
In recent years, the local real estate downturn and the bankruptcy crisis of real estate enterprises caused by the change of China’s national real estate policy. This paper mainly studies the impact of policy changes on the real estate market in China. Taking the Junfa group in Yunnan province as a case,...
Proceedings Article
The Impact of the Russia-Ukraine War on the European Economy
Luoyan Chen
War is detrimental to physical and human capital, but its effect on per capita GDP is uncertain. War has the potential to increase GDP per capita by reducing unemployment and redeploying persons from the home and other non-market activities into industrial activity. In regard to this paper, the following...
Proceedings Article
Research on the Impact of Deregulation on Investment Banks
Bangda Yuan
Deregulation is the process by which governments reduce the regulations in some areas. In some necessary cases, it can remove the regulation. This paper mainly focuses on deregulation in the economic and financial areas. In the 1970s and 1980s, it became very popular due to the efficiency of government...
Proceedings Article
Research on the Impact of COVID-19 on the Global Personal Protection Equipment and Food Supply Chains - A Vulnerability-Oriented Discussion
Ziyan Xia
As a result of the COVID-19 outbreak, global supply chains were hit, particularly in the personal protective equipment and food industries. This paper focuses on the vulnerability factors of the two industries and the manifestations of vulnerability highlighted in the face of the pandemic shock. The...
Proceedings Article
Research on the Motivation of Overseas M&A—Taking WingTech Acquired Allianz as an Example
Yuxiao Huang
Since Belt and Road Initiative policy proposed by China and the world become more globalized, the transaction with domestic companies gradually ingratiates the demand in the Chinese market, Chinese companies should cooperate with the foreign company, with the world to respond to the wave which brings...
Proceedings Article
Technology Innovation in China: Vigorous Development During COVID-19
Jinting Zhang
In the era of the epidemic, all walks of life have been greatly affected,except science and technology which are developing with a rapid speed,usually be considered as the dominant productive force in today’s society, and many technology industries continue to innovate and flourish under the epidemic....
Proceedings Article
Analysis of the Impact of Internet Development on Environmental Pollution
Xu Liu
With the rapid progress of the Internet, tremendous changes have occurred in enterprises and living standards. However, we are looking forward to the answer about whether internet progress has a prominent inhibiting effect on the discharge of environmental pollutants. Based on 2009–2019 panel data from...
Proceedings Article
The Impact of Economic Depression Brought by COVID-19 on Airline Industry to the National Economic Situation in China
Yuanyi Lu
A serious and frustrating pandemic happened in Wuhan, China. Millions of people are locked at home without going outside for nearly three months, and lockdowns continue after months, lasting for three years. The pandemic does extreme harm to the economic development of one nation, especially in China,...
Proceedings Article
Analysis of New Energy Vehicles’ Development and Future
Zixu Tao, Chen Xu, Junqiu Yan
This paper investigates the new energy vehicle industry. Under the problem of environmental pollution, China considers the new energy vehicle industry as an important sector. The Chinese government has heavily subsidized the industry and introduced many policies. Although the COVID-19 epidemic has had...
Proceedings Article
Research on Impacts’ Factors on Investment Banking Risk Taking Based on Internal and External Environments Analysis
Ruifeng Li, XingJian Wang, Yichan Zhang
Investment banks face enormous challenges due to the rapidly changing global situation and the repercussions within banks, which can lead to huge losses for banks and the global economy. Therefore, this paper studies the internal and external impacts of investment banks by collecting the changes in GDP...
Proceedings Article
A Comprehensive Evaluation of China's Digital Economy: A Comparative Study with the U.K. and the U.S.
Junhua Zhang
As information technology continues to evolve, the digital economy will play an increasingly important role in the economic development of many countries. China is yet to catch up with developed countries, such as the U.K. and the U.S., as a latecomer in modeling its digital economy. This study identified...
Proceedings Article
Influence on Carbon Emission Price in Europe
Danning Zhao
To achieve carbon neutralization, a carbon price is applied to encourage reducing carbon emissions and pollution. Yet the existing literature rarely considers the influence of investors’ attitudes, exchange rate, and day-of-the-week effects on carbon emission prices. This paper investigated the impacts...
Proceedings Article
Psychology Analysis of Investors from the Perspective of Behavioral Finance
Zizhen Cheng
With the continuous expansion and integration of the securities market, the efficient market hypothesis of traditional finance can no longer fully explain the changeable psychology of investors. Behavioral finance and traditional finance are constantly colliding. Knowing various risk indicators and returns,...
Proceedings Article
Research on the ByteDance’s Approach to Develop TikTok
Yicheng Zhu
TikTok has become the hottest application around the world in recent years, and its revenue has surpassed YouTube in the App Store, becoming the highest revenue application in the video category [1]. This dissertation is to demonstrate its success through theories, models, and reasonings behind its success....
Proceedings Article
Analysis on the Interaction Between Financial Development and International Trade
Xin Yue Liu
Under the influence of economic globalization, the relationship between finance and trade is getting closer and closer, and the interaction between them is becoming more frequent, indicating the important correlation between the two. Therefore, this paper introduces the relationship between financial...
Proceedings Article
Application of Mean-Variance Model in the U.S. Capital Market
Keke Lin
Portfolio optimization is a popular procedure that is widely used in the financial industry. This paper conducts asset allocation analysis for diversified assets, including iron and steel industry, technology, healthcare, information industry and energy areas. There are five assets selected from the...
Proceedings Article
On the Development of Chaozhou Ceramics from the Road of Sea Silk
Yi Lin, Zhaoquan Qiu
In the new stage of regionalization and globalization, China put forward and promoted the “Belt and Road” initiative to meet the challenges facing the world economy, meet the needs of China’s opening-up regional structural transformation, and create good conditions for promoting the growth of global...
Proceedings Article
The Impact of COVID-19 on Chinese Airlines’ Stock Market
Hexu Cao
When the COVID-19 outbreak occurred in late 2019 and early 2020, China took a series of epidemic prevention measures such as quarantine and flight restrictions to control the epidemic and prevent the further spread of the epidemic. This series of measures has increased the domestic airline industry’s...
Proceedings Article
The Relationship Between Human Capital Index and Economic Development
What is the Impact of Education Policy on China’s GDP
Aurora Manlin Qiu, Tim Zewei Lian, Danny Zhaolong Wang
Human capital index (HCI) quantifies the contribution of education and health to the productivity of the next generation of workers. (World Bank) The obvious presence of education in the definition of human capital index shows that these two points are key to economic development which cannot be ignored....
Proceedings Article
Influencing Factors and Risk Control in Cross-Border Mergers and Acquisitions
Huili Liu
Since 2000, the fifth wave of mergers and acquisitions has swept the world, the scale of mergers and acquisitions has continued to expand, and multinational companies have continued to emerge. In the process of M&A, enterprises are faced with huge risks and challenges. This paper provides enterprises...
Proceedings Article
Review on the Tibetan Hordeum Vulgare L. Production Culture Transformation Mechanism from the Perspective of Actor-Network Theory
Yan Sun, Weiwei Wang
Study of the Tibetan Hordeum vulgare L. production culture can enrich the research methods and perspectives of Tibetan production culture. Based on actor-network theory, this paper studies the characteristics, trends, motivations, translation process and actor-network of the Tibetan H. vulgare production...
Proceedings Article
Markowitz and Index Model Comparison Using Different Stocks
Xiang Li, Jinyi Wang
Markowitz Model and Index Model are two dominant portfolio optimization models financiers use in recent years. By using these two models, different possible optimized investment strategies can be created for people to distribute their properties wisely. And in this paper, to run the Markowitz Model and...
Proceedings Article
The Rationale, Status Quo and Suggestions for the Caribbean Blue Economy
Tianchen Huang
The blue economy is a marine economy infused with the concept of sustainable development. It aims to promote economic growth, improve people's lives and protect the marine ecological environment through the sustainable development and utilization of marine resources. The blue economy has become...
Proceedings Article
Legal Risks and Supervision of Internet Finance in China
Zhuoyu Zeng
In China, Internet finance is an emerging product of the Internet era. It provides an unprecedented development path for the traditional financial industry, but it also comes with new challenges. In many challenges, legal risk cannot be ignored. At present, relevant departments need to pay attention...
Proceedings Article
Autonomous Car Driving Based on Deep Reinforcement Learning
Zelin Zhang
Autonomous driving car is an important direction for the future automobile development. In order to make its algorithm have better learning ability and decision-making ability, this paper proposes the M_TD3 algorithm by improving the TD3 algorithm. Improve the sampling method and redivide the experience...
Proceedings Article
An Elastic Net Based Algorithm for China Agriculture GDP Prediction
Zihan Qiu
Gross domestic product (GDP) refers to the final result of production activities of all resident units in a country or region within a certain period of time. There are a variety of GDP forecasting methods, which can be classified into three types: Time Series Analysis, Regression Analysis and VAR Model....
Proceedings Article
Fintech Application and Bank Risk-Taking: Evidence from Chinese City Commercial Banks
Pengqin Li
Fintech is reshaping the entire financial industry, dramatically changing the operation model of traditional finance. Traditional commercial banks are confronted with challenges and opportunities as a result of fintech. The development of fintech has resulted in great uncertainty in the realm of bank...
Proceedings Article
The Effect of the Opening of High-Speed Railway on the Economic Growth of Heilongjiang
Jianing Gao, Fei Qi, Siyuan Qin, Jiaqi Wang
The positive and negative effects of high-speed railway in different regions have attracted close attention and have been highly valued against the background of population and factor mobility promoted by its fast development. This paper makes use of the DID difference-in-difference model in order to...
Proceedings Article
The Effects of Mergers and Acquisitions on Corporate Management and Financial Performance
Guijiayi He
Over the past thirty-five years, there have been more than one million M&A cases worldwide, but the failure rate is 70–90%. Although mergers and acquisitions are useful approaches for corporations to expand the scale, it is double-edged. Therefore, it is important to critically examine its influence...
Proceedings Article
Compare Stock Returns in China and the United States
Botao Liu, Ruoqi Pi, Yixue Ye, Yaqi Zhang
In the post-epidemic era, how to protect their assets from the impact of the financial crisis and the turbulent international situation has become a matter of concern to many people. Especially between the world’s two largest economies, China and the United States, stock market yields are watched around...