Proceedings of the 6th International Conference on Internet Finance and Digital Economy (ICIFDE 2026)
6th International Conference on Internet Finance and Digital Economy (ICIFDE 2026)
📍Guiyang, China🗓️ 28-30 August 2026
33 articles
Proceedings Article
Peer-Review Statements
Vasilii Erokhin, Yahua Xu, Muhammad Faizal A. Ghani
All of the articles in this proceedings volume have been presented at the 6th International Conference on Internet Finance and Digital Economy (ICIFDE 2026) was successfully held from August 28 to 30, 2026 in Guiyang, China. These articles have been peer reviewed by the members of the Scientific Committees...
Proceedings Article
Key Determinants of Credit Default in Personal Loans: A Comparative Analysis of Logistic Regression and Random Forest
Yi Shen
Accurate credit default prediction is a core aspect of consumer credit risk management. This study based on a publicly available personal loan dataset containing 32,581 records, systematically compares the performance of logistic regression and random forest in default prediction through data preprocessing,...
Proceedings Article
“Stricter Tax Enforcement, More Support?”——The Merger of National and Local Tax Bureaus and Firms’ External Guarantee Behavior
Jingfei Han
Changes in tax administration can reshape how credit resources are distributed in the market. In 2018, China advanced the merger of national and local tax bureaus in order to make tax administration more independent. The evidence in this study shows that the merger raised firms’ external guarantee levels,...
Proceedings Article
LLM-Based Pure Management Sentiment in Earnings Communication Conferences and Stock Returns
Rui Zhu, Jiayu Du, Qiang Ye
This study focuses on the impact of pure management sentiment on short-term stock returns. Using A-share listed companies in China from 2014 to 2023 as the research sample, this study employs the Qwen large language model to analyze textual information from earnings communication conferences and conducts...
Proceedings Article
Discussion on the Development Ideas of Smart Tourism in Luoyang in the Era of “Big Data”
Hao Jiang
Taking Luoyang as the research object, this paper adopts literature research, field investigation and SWOT analysis to explore the development path of smart tourism in the era of big data. By defining the correlation between big data and smart tourism, this paper finds that Luoyang has complete smart...
Proceedings Article
Research on the Collaborative Evolution Mechanism of Multiple Actors in Smart City Construction: Based on System Dynamics Simulation
Linlin Zhao
Smart city construction helps improve urban governance and support high-quality development. This paper builds a system dynamics model from the view of multi-actor governance. The model includes technology company participation, public adoption, government promotion, and smart city development level....
Proceedings Article
Impact of Tourism Empowerment on Shared Value Creation Based on Structural Equation Modeling
Huajun Zheng, Hanxiang Liu, Yuanlin Wu
As the rural revitalization strategy advances nationwide, policymakers and practitioners are actively investigating localized approaches to achieve sustainable countryside development. In this context, rural tourism has emerged as an essential instrument for creating socioeconomic synergies, giving rise...
Proceedings Article
Analysis of Regional Differences and Mechanisms of Blockchain AI
Yiman Xin
Drawing on policy instrument theory and institutional isomorphism theory, this study employs textual analysis to systematically compare the differences and underlying mechanisms in blockchain and artificial intelligence (AI) integration policies across four major regions of China: Northeast, East, West,...
Proceedings Article
Distributed Ledger Technology in Financial Transactions: A Mechanism-Oriented Review of Architecture, Risk, and Governance
Distributed Ledger Technology in Financial Transactions
Juan Wang, Li Wang
Distributed ledger technology (DLT) is increasingly being considered for payment, settlement, asset registration, and compliance processes. However, much of the existing discussion remains project-centred and offers limited explanation of why similar technologies produce different outcomes across public,...
Proceedings Article
The Relationship Framework by Which Internet-Based Consumer Credit Products relate to Young People’s Overconsumption Behavior
Zizhen Gao
With the rapid development of digital finance, internet consumer credit products have significantly influenced the consumption behavior of young adults. To explore their relationship with overconsumption behavior, this study constructs an analytical framework incorporating platform stimuli, psychological...
Proceedings Article
Investor Factors in the Chinese A-Share Market
Evidence from a Principal Component Analysis of Institutional Holdings
Junjian Liu
This paper investigates investor factors in the Chinese A-share market from July 2003 to December 2025. Using principal component analysis on 10 candidate factors, we find that the first three components explain 78.9% of the total variance (PC1: 39.8%, PC2: 22.8%, PC3: 16.3%). The constructed investor...
Proceedings Article
Data-Factor Marketization and the Efficiency of Urban Innovation Conversion
A Quasi-natural Experiment Based on the Establishment of Data Trading Platforms
Manfei Zhu
Using panel data for Chinese prefecture-level and above cities from 2010 to 2022, this paper treats the establishment of data trading platforms as a quasi-natural experiment and estimates a staggered difference-in-differences model. The reform does not significantly expand patent applications or alter...
Proceedings Article
Visual Encroachment in AI-Enabled Digital Commercial Interfaces
Jiahui Zeng
In contemporary commercial space, digital visual interfaces combine attention capture, interface-mediated interaction, and behavioral datafication. This paper uses visual encroachment as an analytical term for how digital commercial interfaces occupy perceptual space while inviting users into platform-mediated...
Proceedings Article
Digital–Green Coordination for Low-Carbon Industrial Chain Transfer: An Exploratory Case Study of Meizhou’s Integration into the Guangdong–Hong Kong–Macao Greater Bay Area
Jiaomei Tang
Under China’s dual-carbon targets, less-developed regions face the challenge of undertaking industrial chain transfer without reinforcing low-end specialization or carbon lock-in. Taking Meizhou’s integration into the Guangdong–Hong Kong–Macao Greater Bay Area as an exploratory case, this paper develops...
Proceedings Article
Stock Return Prediction Based on Financial Text Sentiment Analysis and Dynamic Lead-Lag Relationships in FF5 Residual Networks
Juntao Zhou
Stock return prediction remains challenging because public information, investor attention and cross-stock signals are incorporated into prices at different speeds. This study develops a two-layer empirical framework for a fixed universe of 150 U.S.-listed stocks. The prediction layer first estimates...
Proceedings Article
Predicting Future High-Value Customers in E-Commerce: An Explainable Machine Learning Framework for Digital Customer Relationship Management
Yaxin Chi
Digital customer relationship management increasingly depends on converting transaction histories into actionable forward-looking signals. This study develops a temporally separated and explainable machine learning framework for identifying customers who will enter the top quintile of future spending....
Proceedings Article
Research on the Application and Development of AI Intelligent Marketing in the Financial Services Industry
Yanruixue Xie
The iterative advancement of digital intelligent technologies has propelled the financial services industry into a new phase of intelligent transformation. Traditional financial marketing faces industry challenges such as high customer acquisition costs, insufficient precision, service homogenization,...
Proceedings Article
The Value Creation Mechanism of Logistics Finance under Artificial Intelligence Empowerment— Theoretical Analysis and Empirical Test Based on Big Data Models
Mingxuan Shi, Xinglin Jia
China’s logistics sector is dominated by micro, small, and medium-sized enterprises, the vast majority of which struggle to access financing due to their asset-light structures. Traditional logistics finance, constrained by information asymmetry and reliance on manual review, has been unable to meet...
Proceedings Article
Security Risks and Governance Framework for Intelligent Agents in Transportation
Long Liang, Xiaobo Wu
The integration of Large Language Models (LLMs) and intelligent agents is driving a paradigm shift in transportation from simple intelligence to collaborative autonomy. Agents with perception, reasoning, and closed-loop action capabilities are being deployed across water, land, and air scenarios. However,...
Proceedings Article
The Impact of Customer Concentration on the Financial Performance of Listed Pharmaceutical Enterprises
Wen Li, Yan-ling Sun
The pharmaceutical sector serves as a cornerstone for safeguarding public welfare and national security. Driven by intensifying market and customer network volatility, mitigating financing constraints and recalibrating strategic deployments to bolster financial performance have become top priorities...
Proceedings Article
Financial Support for the High-Quality Development of the Real Economy: A Multi-Agent Evolutionary Game and Simulation Analysis
Yuanlin Wu, Yan Yuan
Financial support for the real economy depends not only on the availability of financial resources but also on effective strategic coordination among government regulators, financial institutions, and enterprises. This study develops a multi-agent evolutionary game model to examine how policy guidance,...
Proceedings Article
Classification-Based Consensus Decision-Making for Portfolio Selection Considering Overconfidence
Faxin Cheng, Nan Liu, Tiantian Hao
Constructing a rational stock portfolio selection model is critical for enhancing investment returns. Given the negative impact of fund team members’ overconfidence on portfolio selection, we propose a classification-based consensus decision-making method and a minimum adjustment classification-based...
Proceedings Article
Research on Differentiated Performance Evaluation System of Power Grid Frontline Teams Oriented to Full-Business Core Teams
Weixuan Meng, Zhe Wei
Traditional unified performance assessment fails to reflect the business differentiation of power grid full-business core teams. This paper adopts two-round Delphi to screen indicators and constructs a four-dimensional evaluation framework. AHP-entropy combined weighting based on minimum information...
Proceedings Article
Non-Market Valuation of Straw Returning to Farmland: Residents’ Awareness and Willingness to Pay in Heilongjiang Province, China
Hongxin Liu, Jiajie Shang, Yongtao Xie, Yu Zhao
The awareness and willingness to pay (WTP) of 1,669 households in Heilongjiang Province were investigated using the Contingent Valuation Method (CVM). The results showed that 91.00% of the surveyed residents responded positively to monetary contribution or voluntary labor. The proportion of rural residents...
Proceedings Article
Effectiveness Evaluation of High-Frequency Trading Machine Learning Prediction Models under Transaction Cost Constraints
Hongtao Chen
This study investigates the difference between the statistical effectiveness and economic effectiveness of short-term mid-price direction prediction models under transaction cost constraints, based on the preprocessed FI-2010 limit order book (LOB) dataset. Four three-class prediction models, including...
Proceedings Article
Export Similarity, Comparative Advantage, and World Market Position of Potentially Digitally Deliverable Services in China and the US
Yuansheng Li
This study examines the export similarity, comparative advantage and world market position of potentially digitally deliverable services (PDDS) in China and the US from 2015 to 2024. Using data from the WTO–OECD Balanced Trade in Services database, the Export Similarity Index (ESI) and Revealed Comparative...
Proceedings Article
Digital Transformation and Corporate ESG Performance: Nonlinear Dynamics, Heterogeneous Effects, and Threshold Mechanisms
Meng Liu, Linxin Guo, Tingqiang Chen
Existing evidence on its relationship with ESG performance remains fragmented and contradictory. This ambiguity stems from three unresolved challenges: the potential nonlinearity of the effect, the differential responses across ESG sub-dimensions (Environmental, Social, and Governance), and the conditional...
Proceedings Article
Green Finance Reform and Corporate Carbon Disclosure Quality: The Roles of Financing Constraints and Capital Market Attention
Feiyu Cai, Chengwen Zhao, Qian Zhou, Shaoze Liu, Lingyu Zhang
Comparable and verifiable carbon information is essential for environmental risk pricing and green capital allocation. Using the staggered establishment of China’s green finance reform and innovation pilot zones, the archived analysis covers 18,652 firm-year observations for A-share listed firms from...
Proceedings Article
Blue Finance for Coastal Climate Risk Management: Mechanisms, Models, and Implementation Pathways
Xinshu Liu
As the ocean-focused segment of green finance, blue finance draws on ecosystem service valuation, risk diversification, and sustainable development theory. Through blue bonds, climate insurance and other market tools, it internalizes climate risk costs and improves coastal ecological and socioeconomic...
Proceedings Article
Strategic Characteristics of ESG Disclosure in the Context of Financial Restatements—Text Analysis Based on Wuliangye
Xuan Guo, Qingge Wu
On April 30, 2026, Wuliangye simultaneously issued a correction of prior accounting errors and its 2025 ESG report, creating a window to examine how financial restatements shape non-financial disclosure. Drawing on legitimacy, impression management, and signaling theories, this study applies Python-based...
Proceedings Article
Evaluating Structural Cross-Border E-Commerce Market Attractiveness in the Eurasian Economic Union for Chinese Firms: An Entropy–TOPSIS Analysis Using Multi-Source Public Data
Manyu Jia
Cross-border e-commerce market selection in the Eurasian Economic Union (EAEU) requires comparison of host markets that differ in market capacity, digital readiness, trade integration, and macroeconomic stability. This study constructs a reproducible structural screening index for Chinese firms from...
Proceedings Article
Review on Dilemmas and Collaborative Governance Paths of Reverse Recycling of Waste Electronic Products in the “Internet +” Era
Xinjian Yu
The scale of waste electronic products has been continuously climbing and has entered a peak period with an annual exceeding 50 million units and an annual growth rate of 20%. The toxic substances such as lead, cadmium, and mercury contained in them pose a severe threat to the ecological environment...
Proceedings Article
Evaluation of Chongqing’s Agricultural Development Level Based on the Entropy Weight-TOPSIS Model
Shanshan Wang
This paper constructs a 4-dimension evaluation system with 12 indicators for Chongqing’s agriculture, covering economy, productivity, rural income and green development. Based on 2001–2023 panel data, the entropy weight-TOPSIS model is adopted to assess its agricultural development. The core driving...