All of the articles in this proceedings volume have been presented at the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026) during January 9-11, 2026 in Tianjin, China. These articles have been peer reviewed by the members of the Scientific Committees and...

With the continuous change of business demand of commercial banks and the continuous promotion of outsourcing field by government departments, outsourcing of financial services of commercial banks has been developed unprecedentedly, and has rapidly become one of the important business strategies of commercial...

Financial risk management, as a core mechanism for maintaining financial stability, is undergoing a paradigm change driven by artificial intelligence technology. Traditional risk control methods are limited by defects such as single data dimension, static model, and response lag, which makes it difficult...

The growing instability of financial markets is making it harder to allocate capital efficiently among key asset types such as equities and bonds. Traditional static asset allocation methods struggle to adapt to dynamic market conditions, leading to growing interest in dynamic allocation strategies in...

Equity incentives are widely used in talent incentives of listed companies. Restricted stocks have become the choice of many enterprises due to the strong constraint of “performance-based unlocking standards”, but single financial unlocking conditions tend to induce the management’s earnings management...

As an important tool for promoting long-term development and improving financial performance, equity incentives can effectively alleviate the principal-agent problem, reduce the turnover rate of core employees, and foster corporate innovation. This study takes Huichuan Technology, a high-tech enterprise,...

With the advancement of the global “dual carbon” goal, the power battery industry is experiencing rapid development. As the industry leader, CATL’s financing strategy and capital structure adjustment have important research value. This study takes Ningde Times as a case, adopts methods including case...

This paper contrasts net present value (NPV) and internal rate of return (IRR) as core discounted cash flow diagnostic indicators for investment decisions, linking their theoretical characteristics to practical evaluations. The study poses three questions: when and why these two standards align; when...

Under the promotion of the “dual carbon” strategy, the new energy industry has experienced explosive growth. As a core supporting field, lithium batteries have significantly increased their dependence on funds due to rapid technological iteration and high demand for capacity expansion. This study takes...

This study evaluates the working capital management efficiency of Foshan Haday Flavouring & Food Co., Ltd., from a supply chain perspective for the period 2019-2023. Taking Haday as a case study and using financial ratio analysis, it is found that the company’s market dominance results in a consistently...

With the implementation of the registration system, the activity in mergers, acquisitions, and reorganizations in the capital market has increased, and the “Performance Commitment” centered put-option agreements have become widespread. However, the fraudulent behavior of some companies using related-party...

In recent years, financial fraud has become a significant issue in the corporate world, posing a serious threat to investors and market integrity. This paper applies the Fraud Triangle Theory to analyze the case of financial fraud at Zixin Pharmaceutical and briefly compares it to Kangmei Pharmaceutical...

Amid China’s economic growth and rising national strength, some listed companies have committed financial fraud to inflate financial statements, attracting investment and securing early financing. Accounts receivable, as an accounting subject that needs to be focused on when analyzing earnings management...

The paper focuses on optimizing the risk assessment system of Sovereign Wealth Funds (SWFs) as the core research direction, with an emphasis on the different applications of Value at Risk (VaR) and Expected Shortfall (ES). SWFs with long-term investment undertake economic and diplomatic goals. It still...

This paper critically evaluates the inherent limitations of the Capital Asset Pricing Model (CAPM) and explores the improvements introduced by the Fama-French three-factor model. As a pioneering achievement in asset pricing theory, CAPM established a linear relationship between systematic risk and expected...

Unlike theoretical research, empirical studies on herding behavior and its triggers in various contexts are relatively rare. This study aims to fill this gap by investigating the irrational herding effect and its contributing factors within the Ground Weaponry II sector (sector code: GWII) of China’s...

This paper takes Luckin Coffee (2020-2024) as the research object. Through a coupled analysis of financial indicators and marketing activities, it adopts quantitative research methods to reveal the mechanism of the effect of marketing innovation on financial performance. The study identifies that, during...

Over the past four decades since the reform and opening up, China’s catering industry has continuously overcome difficulties, actively explored and forged ahead, and achieved remarkable economic accomplishments. However, despite the large overall scale of the industry, due to factors such as low market...

As a typical macro-extreme shock event, the COVID-19 pandemic has a significant impact on global financial markets. Based on the Markowitz model, this study compares and analyses the changes in the effective frontier and the minimum variance frontier of assets before and after the epidemic, aiming to...

This article uses Inner Mongolia Yili Group Co., Ltd. as a case study, employing a combination of SWOT analysis and financial analysis to conduct a comprehensive assessment of its internal and external business environments. The study reveals that Yili has built core competitive advantages through robust...

As a national-level top-level cooperation strategy, the Belt and Road Initiative’s impact on the investment efficiency of enterprises is an important micro-dimension for measuring its economic effects. This paper constructs a two-dimensional empirical framework of ‘holistic-heterogeneous’ based on the...

To address the research gap in studying the evolution of calendar effects around major events, this paper analyzes South Korea’s stock market data from 2000 to 2025. By employing statistical methods including non-parametric tests, time series ARMA modeling, and sliding window analysis, we explore the...

Value-at-Risk (VaR) is a widely used risk management tool in financial markets to quantify potential portfolio losses at a given confidence level. Traditional VaR estimation methods, such as Variance-Covariance, Historical Simulation, and Monte Carlo Simulation, are not efficient when markets exhibit...

This paper presents an in-depth case study of Yanjin Shop, a prominent player in China’s rapidly expanding leisure snack industry, situated within the broader context of national macro-level policies aimed at stimulating domestic consumption. Employing an innovative methodological approach that integrates...

Executive compensation has long been at the center of corporate governance debates, particularly in emerging markets such as China. Over the past decade, managerial pay in Chinese listed firms has risen sharply, raising concerns about governance efficiency and incentive alignment. This paper investigates...

Based on the theory of behavioral finance, this article explores the risk management issues of small and micro financial institutions in China. Firstly, this article provides a detailed analysis of the definition of small and micro financial institutions and the current market environment, clarifying...

In the context of the digital transformation of industries, data assets have become an important production factor in the development of the times. However, the measurement of their value is still in its infancy, and traditional valuation methods cannot assess their true worth. Based on the income approach,...

This study examines the external validity of a convolutional neural network (CNN) feature extractor trained with Proximal Policy Optimization (PPO) for multi-stock daily trading across three equity universes: S&P50 (United States), SSE50 (China), and Nifty50 (India). This model was trained on 2023...

The mechanisms of market mechanisms and government regulation in resource allocation are the subjects of this study. This paper explores their interrelationships and mechanisms of action in the process of resource allocation. It first analyzes the basic principles and advantages of the market mechanism,...

Rapeseed, as one of the major oil crops in China, its production safety is of great significance to ensuring the national supply of grain and oil. As one of the top ten rapeseed production areas in Jiangsu Province, rapeseed production is vulnerable to natural disasters. Traditional agricultural insurance...

In this study, the impact of social media signals on investor sentiment and investment behavior in the Invesco QQQ Trust (QQQ) prior to and during the Consumer Electronics Show (CES) is examined. Utilizing a mixed-method approach, we combine a survey-based experiment with extensive sentiment analysis...

This study systematically examines the multidimensional impact of board composition diversity on corporate investment efficiency. Drawing upon an annual sample of U.S.-listed companies from 1980 to 2022, a governance diversity index is constructed across four dimensions: gender, nationality, age, and...

The margin trading and short selling mechanism, as a significant institutional innovation in China’s capital market, has drawn considerable attention regarding its impact on stock mispricing. This study selects China’s A-share market from 2007 to 2017 and employs the pilot implementation in 2010 and...

This study presents a comprehensive investigation into insurance premium prediction utilizing advanced ensemble machine learning methodologies. The research employs a sophisticated stacking framework that integrates ten distinct predictive models, including CatBoost, LightGBM variants, XGBoost, Random...

This study compares the performance of GARCH(1,1), EGARCH(1,1), and GJR-GARCH(1,1) models in forecasting exchange rate volatility and estimating Value at Risk (VaR) for the major reserve currency pairs USD/EUR and USD/CNY. Using weekly return data from 2015 to 2025, the analysis shows that both series...

As an important source of local government finance, the malignant expansion of debt financing has become a pressing fiscal issue that China must urgently address. Through literature analysis and data comparison, this paper reveals the current state of debt growth and the resulting social problems, providing...

This research investigates the influence of China’s Belt and Road Initiative (BRI) on corporate investment efficiency by utilizing data from A-share listed companies spanning the period from 2010 to 2020. By applying the Richardson model and the difference-in-differences approach, it is discovered that...

The wave of artificial intelligence (AI) is sweeping the globe, transforming production and lifestyles with unprecedented speed, breadth, and depth. Its rapid development worldwide has made it a crucial force driving high-quality economic growth and social change. According to predictions by International...

In light of growing longevity risk and increased volatility in global markets, this study examines return estimation and hedging strategies for pension investment portfolios within the Australian superannuation system. The purpose of the study is to evaluate how well various hedging strategies improve...

At present, the competition in the semiconductor industry is intensifying, talent competition and technological innovation have become the key elements of enterprise development, and equity incentives, as an important tool to bind core talents and promote long-term development, are becoming more and...

The emergence of data as a core factor of production has exposed fundamental institutional misalignments in traditional tax systems. While existing research often emphasizes platform-based digital taxes, it tends to overlook stage-specific value creation mechanisms across the data lifecycle and their...

In the digital economy era, a profound contradiction exists between the long-term nature of enterprise digital transformation and the short-term pressures of the capital market. Exploring how patient capital, a heterogeneous form of capital with a long-term perspective, influences digital transformation...

This study examines the real effects of Chief Executive Officer (CEO) option incentives on corporate innovation output, assessing whether this contractual instrument can effectively bridge the inherent tension between managerial risk aversion and the uncertainty inherent in innovation activities. Based...

With the rapid development of the new energy vehicle (NEV) industry, the strategic importance of tin has become increasingly prominent. In recent years, the persistent imbalance between tin supply and demand has attracted widespread attention in global markets. This paper examines the formation and dissipation...

Global environmental governance and sustainable development have become increasingly important since the 21st century, making the ESG concept a significant dimension for measuring the comprehensive value of companies. This paper takes Longi Green Energy Technology, a photovoltaic enterprise, as an example,...

In today’s world, sustainable development is gaining increasing prominence, and the emergence of ESG score is driving the evolution of sustainability. From the perspective of credit spreads, the channels through which ESG score influence bond credit spreads represent an area warranting further research....

In light of significant changes in the global economic and social landscape, corporate environmental, social, and governance (ESG) performance has increasingly become a central focus for investors and stakeholders. This study examines a sample of non-financial listed companies in China’s A-share market...

Using a sample of A-share listed firms in China, this study examines the impact of ESG disclosure on the corporate cost of debt and explores the underlying mechanism. Baseline regression results show that ESG disclosure significantly reduces firms’ cost of debt. This finding remains robust after a series...

The integration of Environmental, Social, and Governance (ESG) factors into corporate decision-making has become a focal point for investors and companies alike, driven by a heightened emphasis on sustainable development. This study examines the nuanced relationship between ESG performance and the cost...

Digital finance, which combines traditional finance with emerging digital technology, provides new impetus for the high-quality development of manufacturing enterprises. However, technical integration barriers, product supply and demand mismatch, insufficient policy coordination, data security risks...

Against the backdrop of de-globalization, the global semiconductor supply chain is undergoing profound restructuring. This paper establishes a “geography-technology” dual-dimensional analytical framework, and systematically examines the driving mechanisms, practical dilemmas, and China’s breakthrough...

This paper investigates the environmental impacts of the sharing economy against the backdrop of China’s urban carbon reduction targets. Utilizing monthly panel data from 296 Chinese cities spanning the period 2015 to 2017, the study adopts a high-dimensional fixed effects model and treats the staggered...

This article takes the mobile phone business of Xiaomi Corporation as the research object. Through analyzing brand positioning, SWOT analysis and marketing strategies, it systematically studies the competitive situation and development path of Xiaomi Corporation’s mobile phone business in the smartphone...

The fast growth of e-commerce has ultimately brought about a transformation in the structure and the mode of operations of fresh food supply chains. Being two of the largest e-commerce markets globally, China and the United States have followed two distinct paths that are a result of their institutional...

This paper provides a systematic analysis of the global plush toy industry, examining its supply chain structure, the comparative advantages of major producing countries, and evolving market dynamics. The study reveals an “Asian Factory” model centered on China, characterized by a highly globalized and...

This article examines how the United States’ layered industrial policies—the Chip Manufacturing and Manufacturing Information System (CHIPS) incentive, Sect. 48D Advanced Manufacturing Investment Credit, and New York State’s performance-based program—influenced Micron’s investment in high-bandwidth memory...

The rapid development of the internet has enabled people to choose online shopping more frequently to save time. This makes logistics efficiency a key factor for e-commerce businesses to enhance their competitiveness. This paper takes the Asia No.1 Warehouse of JD.com as an example to analyze the current...

The beverage business in China has faced a big negative economic shock after COVID-19, thus, many milk tea businesses had to close or even became insolvent. During the spring of COVID-19, they have become more sensitive to price competition, however, there are still some eminent businesses standing out...

This paper provides a comprehensive analysis of the Chinese New Energy Truck industry from the perspective of chain flexibility and resilience. This research covers the industry’s current development situations, including rapid market growth, technological diversity, powerful policy support, and a highly...

Using data from Chinese A-share listed companies spanning 2007 to 2024, this study applies the SBM-Malmquist-Luenberger (SBM-ML) index to measure firms’ green total factor productivity (GTFP). It further adopts a panel double fixed-effects model, supplemented by robustness tests and instrumental variable...

This study systematically investigates the impact of Free Trade Zone (FTZ) establishment on corporate green total factor productivity (GTFP). The analysis utilizes a sample of China’s A-share listed companies from 2000 to 2024. The analysis utilizes a sample of China’s A-share listed companies from 2000...

Against the backdrop of deglobalization and intensified great power competition, global supply chains are undergoing profound structural adjustments. Using the latest cross-country panel data from Wind, this paper treats the 2018 US-China trade friction as an exogenous shock, employing the Difference-in-Differences...

Against the backdrop of global industrial chain restructuring and frequent policy interventions, the relationship between policy coordination and supply chain resilience has become a central issue in national economic governance. Based on data from Chinese A‑share listed companies from 2017 to 2024,...

This paper primarily focuses on the land use efficiency in shrinking cities, exploring the changing patterns and influencing factors of land use efficiency in cities experiencing continuous population and economic decline. I explore these questions by summarizing the defining criteria and causes of shrinking...

The driving effect of post-Olympic venues and ice-snow tourism on the local economy is a critical issue in policy analysis and theoretical research. Building on the existing literature, this paper employs the Difference-in-Differences (DID) method to examine the economic stimulus effect of the 2022 Beijing...

In the global shift toward sustainable transportation, China and the United States have taken distinct policy approaches to developing their electric vehicle (EV) industries. By 2023, China accounted for over 60% of global EV sales and nearly 80% of global battery production, driven by integrated long-term...

The global transition to wind, water, and solar (WWS) energy is crucial for addressing the climate crisis, a shift that is equally vital for China. Shandong Province, a major industrial hub, is poised to play a critical role in this energy transition. This paper uses the IEA 2022 data to study the energy...

Global carbon emissions have increased notably over the past decade, leading to environmental issues such as climate change. The electric vehicle (EV) industry has emerged as a sustainable solution to the environment. This paper examines the crucial role of the EV industry in promoting green economic...

The paper compares EV policies in China and the United States. Their aim is to get more people driving electric, but they push in different ways. China works top-down: Beijing sets big targets and timetables, and cities pile on perks-license plate favors, factory support, fast-track chargers. That combo...

Industrial transformation is driven by the digital economy, sustainable development, and policy changes. This process changes how companies innovate. It affects innovation through market competition, government policies, and how resources are distributed. Companies face more competition and changing...

The global electric vehicle (EV) industry is growing very fast, and China and the United States are the two most important players. This paper focuses on the policies, market systems, and industrial strength that shape EV development in both countries. China follows a centralized, long-term plan. The...

Against the backdrop of increasingly severe global climate change, carbon accounting information disclosure has become an important tool for enterprises to fulfill their environmental responsibilities. This paper takes Baosteel Co., Ltd. as an example to study the quality of its carbon accounting information...

Climate change and ecological degradation pose systemic global challenges, with green innovation crucial for low-carbon transition. Yet, its long R&D cycles, high costs, and environmental spillovers intensify firms’ financing constraints. Green finance, through loans, bonds, and carbon finance, integrates...

This paper explores the ongoing structural changes in business from formerly manual modality to currently artificial intelligence’s modality in different industries. The research in this study showed how businesses try to adapt the growing AI environment and develop their strategy to earn more profits....

Japan faces significant energy challenges due to its heavy reliance on imported fossil fuels, which has led to high greenhouse gas emissions, elevated energy costs, and concerns about energy security. This study assesses the feasibility of transitioning Japan to a 100% clean energy system, with a focus...

This report assesses the feasibility of transitioning China to a 100% clean, renewable energy system based on wind, water, and solar (WWS) technologies. Using national energy consumption data, end-use demand is converted to electricity requirements and allocated among wind, solar, and hydropower. Device...

With profound changes in the global economic landscape and the accelerated energy transition, electricity cost management has become a critical issue affecting the sustainable development of national industrial competitiveness and livelihood security. As ASEAN’s largest economy and a G20 member, Indonesia’s...

Under the context of global uncertainty and energy transitions, enhancing ESG performance has become a strategic imperative for new energy vehicle (NEV) enterprises to gain long-term competitive advantage. However, how organizational resilience (OR) enhance ESG performance and what its boundary conditions...

This study focuses on Guangdong Province to investigate the level of high-quality development before and after the impact of AI. Using the entropy method and coupling coordination degree model, this study conducts indicator evaluation and analysis on selected high-quality development data of Guangdong...

Against the backdrop of global carbon neutrality goals and the standardization of ESG information disclosure, the ‘double materiality’ principle has become central to corporate sustainability reporting. Companies not only need to assess the impact of external environmental factors on their financial...

Under new development concept of low-carbon and green, the carbon neutrality performance of enterprises has become an important issue that attracts widespread attention from both the academic community and the practical sector. How does the performance of carbon neutrality affect enterprises’ green dual...

ESG (Environmental, Social, and Governance) has become an essential pathway for firms to address multidimensional risks and achieve sustainable, high-quality growth. Using the 2020 “rider rights dispute” involving Meituan - a typical social responsibility incident in the platform economy - as a focal...

Against the strategic backdrop of China’s "dual carbon" goals, carbon finance functions as a pivotal instrument for advancing low-carbon transformation. The development of its market-based mechanisms bears critical significance for China’s attainment of climate governance targets. This paper...

Under the background of current digital and intellectual transformation, artificial intelligence (AI) is profoundly changing the operational and competitive mechanisms of supply chains. This study focuses supply chains involving a single manufacturer and a retailer. The main context explores the impact...

The aquatic ecosystem of a watershed is degraded due to the combined effects of hydrodynamic changes, water pollution, and habitat fragmentation. A framework for aquatic ecological restoration centered on habitat reconstruction is needed. Taking the middle and lower reaches of the Han River as an example,...

Common prosperity is an essential requirement of socialism with Chinese characteristics and the value orientation of the Communist Party of China's century-long endeavors. As an innovative outcome of adapting Marxist productive force theory to Chinese contexts and modernization, new quality productive...

Maritime shipping faces IMO 2050 mandates and carbon prices of $15-120/ton. This paper analyzes OCCS-carbon market interactions, proposing three corrections to real options theory. First, regulatory ambiguity aversion creates political risk premiums that delay investment beyond standard volatility thresholds....

The implementation of Rural Revitalization Strategy needs to solve the problem of coordination between economic benefits and cultivated land ecological protection, and the establishment of cultivated land ecological compensation mechanism is the key. The practice of cultivated land ecological compensation...

Against the backdrop of the global ESG philosophy and China’s “dual carbon” goals, environmental management accounting has become a key tool linking corporate environmental and financial performance. This study takes Changan Automobile as a case to explore the practical logic, paths, and effectiveness...

A reliable supplier can not only provide timely supplies during stock shortages but also ensure the quantity of goods supplied. Therefore, selecting reliable suppliers is of great significance for the operational management of a company. Based on existing research in supplier reliability evaluation,...

High-precision electric tools are widely applied in modern manufacturing and assembly processes, where machining accuracy, operational stability, and service reliability are closely associated with the mechanical performance of the connection mechanism between the drill chuck and the drive shaft. Existing...

Heilongjiang Province is the birthplace and important activity area of the Northeast Anti-Alliance. As one of the main battlefields to resist Japan’s invasion of China, the Northeast Anti-Alliance has left precious historical marks and memories of China in Heilongjiang Province. As the red cultural heritage...

With the rapid growth of China’s economy, the contradiction between the high participation of small and micro enterprises (SMEs) and the low level of financial support they receive has become increasingly prominent. Although the government has introduced numerous policies to encourage financial institutions...

This paper investigates the impact of FinTech development on the risk-taking behavior of Chinese commercial banks using panel data from 42 listed banks from 2011 to 2024. A city-level FinTech index is constructed based on search-engine data and entropy weighting. The empirical results show that higher...

This essay examines how financial data analytics shapes strategic decision-making in asset management firms, with a focus on risk management and governance. It reviews how integrated analytics platforms and machine-learning tools support portfolio construction, real-time exposure monitoring, scenario...

This study aims to explore the effectiveness of corporate marketing strategies and their impact on financial performance from a financial analysis perspective. Through a literature review, it delves into the fundamental theories of financial analysis and the concepts and development of corporate marketing...

The advent of the Internet+ era has brought disruptive transformations to human resource management (HRM). This study explores strategies for optimizing HRM in this evolving digital landscape. First, it analyzes emerging trends in HRM under the Internet+ environment and identifies key challenges. Subsequently,...

With the development of metaverse technology and artificial intelligence, digital twin endorsement, as a new type of marketing carrier, is intrinsically related to consumers’ preferences. This study constructs a theoretical framework of digital twin characteristics and consumers’ preferences based on...

Under the background of digital economy, intelligent accounting-born of the integration of artificial intelligence and the field of accounting-carries great significance for corporate financial management. However, both academia and industry exhibit numerous shortcomings in their research and practical...

Under the new wave of technological revolution and the digital economy, digital transformation and business-finance integration are key pathways to improving operational efficiency and decision-making quality, and are also crucial means of maintaining industry competitiveness. Based on organizational...