An Empirical Analysis of the Annual Report Effect of High Market Capitalization Companies in China

In this paper, we study the abnormal stock price returns of the top 10 stocks in the Chinese stock market in terms of total market capitalization before and after the release of their annual reports in the past 10 years, using the event study method implemented by the Event Study package of the Alpha Library under Python, using a market model to estimate normal returns. The results find that and most of the events have insider phenomenon.

Financing Decisions Analysis of E-commerce Supply Chain Finance for Fresh Agricultural Products in China

The supply chain finance (SCF) solutions are becoming increasingly diversified with the continuous perfection of the economic system. However, financing for small and medium sized enterprises (SMEs) is still a difficult issue waiting to be solved by enterprises and the government in China. SCF solutions based on e-commerce platforms have developed rapidly in China that provide an alternative for SMEs when few studies have been conducted on e-commerce SCF solutions which focus on fresh agricultural products. Therefore, this research focuses on the SCF solutions applicable to e commerce enterprises of fresh agricultural products.

An Analysis of the Impact of Dual Crises on Hong Kong’s Financial Development

According to the GFCI ranking from 2018-2020, Hong Kong fell from third to sixth, surpassing cities in other Asian countries and some inland cities in China. Hong Kong’s marginalization has intensified because of the impact of the new crown epidemic and anti-repair incidents. However, Hong Kong’s marginalization is indeed somewhat inappropriate. As far as the situation is concerned, Hong Kong still has a strong competitiveness, although it is lagging behind, but Hong Kong should think deeply about the strategy and system of “one country, two systems”, believe in the country’s strategic intention and adjust its state in time to re-exclude the public’s understanding of its marginalization.

Research on the Impact of Consumers’ Purchasing Decision in E-commerce Live-steaming——Based on Cognitive and Perceptive Perspective

In the live-streaming area, high-tech social media has transformed our interactions and social activities through a brand new marketing approach. The research identifies the underlying drivers of purchasing decision from cognitive and perceptive perspective, and confirms the decision-making mechanism from individual view. Our study is based on S-O-R Theory, Social Presence Theory and Technology Acceptance Model, and we add Perceived Trust. A scale of 24 items which reflecting 6 construct was set up. Then a pre-test was designed to test the validity of scale and a formal experience was conducted to 311 customers. Data are analyzed applying the structural equation modelling (SEM) technique with SPSS and Amos. The results indicate that cognition and perception both positively influence Perceived Ease of Use. But only cognition can significantly affect Perceived Use, necessitating expertise of anchors and dissemination of high quality content. Besides, the affecting path of PU, PEOU and PT was verified, providing guidance for platform designing, anchor training and product selecting.

Comparative Analysis of Chinese Mainland and Hong Kong Insurance Products and the Prospect of Insurance Industry

As an emerging financial product, insurance is attracting more and more people. Hong Kong with developed insurance industry attracts investment from mainland residents. This paper starts with the development process and current situation of insurance products, insurance markets and relevant government policies in the mainland and Hong Kong, compares the similarities and differences of insurance products in the mainland and Hong Kong, and explores the development prospects and direction of both insurance by finding information and analyzing the audience.

The Impact of Digital Economy on Total Factor Productivity of China’s Service Industry

As a kind of integrated economy, digital economy has an important impact on the economic growth and production and lifestyle of multiple countries and regions, and plays a significant role in promoting the reconstruction of the international economic pattern. As an important industry of China’s national economy, the service industry is crucial to China’s economic growth. This paper measures the development level of digital economy in provinces and cities through constructing digital economy index system, uses super efficiency SBM-Malmquist model to measure total factor productivity of service industry, and tests the influence effect of digital economy on total factor productivity of Chinese service industry. Finally, the optimization path of digital economy on China’s service industry is proposed.

On the “Past and Present” of Hong Kong’s Finance

Finance is vital to a country, and Hong Kong, as a special part of the large economy of China, has unique advantages and development history. And Hong Kong’s growth from a small fishing village to a financial centre has its inevitable factors: historical, geographical and policy advantages. After nearly a century of rapid development, Hong Kong has achieved many proud accomplishments in the following fields: economy, medicine, education, etc. In the process, the cooperation between Hong Kong and the mainland has become increasingly close, and the two sides of the Strait have become excellent “partners”. In recent years, due to the COVID-19 epidemic and the rise of China as a big economy, Hong Kong is facing an unavoidable dilemma. In view of this, the authors suggest that Hong Kong can develop financial technology, enhance financial security, implement green finance, and promote corporate innovation. At the same time, Hong Kong should also strengthen the relationship with the mainland. Generally speaking, under the current circumstances, Hong Kong will continue to exist as an important financial center of China, but Hong Kong should also actively face the challenges of the times and explore new developments directions in the future.

Analysis of Solvency of A-Share Listed Companies in China’s Real Estate Industry

The real estate industry is a capital-intensive industry and capital has become a particular concern for real estate enterprises. For a long time, China’s real estate enterprises rely on high-leverage development and carry out high-debt and high-risk operations. The solvency of real estate enterprises has been the focus of stakeholders’ attention. In August 2020, China’s regulatory authorities introduced new financing regulations for real estate enterprises. They set up “three red lines,” which brought real estate enterprises’ solvency into focus once again. This article takes A-share listed companies in China’s real estate industry as an example, analyzes and evaluates its debt solvency, and gives suggestions based on new policies and regulations, hoping to provide specific references to the enterpriser’s manager and external decision-makers.

Financial Analysis of MI’s Company Based on Harvard Analysis Framework

This paper takes the financial statements of MI from 2017to 2019, and uses Harvard analysis framework to analyse the financial situation of MI. The analysis content mainly includes enterprise macro environment, industry competitive analysis and financial ratio analysis. This paper tried to understand the current situation and development prospect of MI. Based on the analysis of MI’s financial situation under the framework of Harvard, we summarized the existing problems and put forward suggestions.

Investigating the Financial Crisis in 2008 from the Perspective of Banking Systems

The financial crisis of 2008 precipitated by credit issues in the US housing market is probably one of the most profound financial events in recorded history. Its shockwaves have significantly affected almost every market centre as well as country in the world. The aim of this report is accordingly to investigate major reasons behind the crisis from a special angle of banking systems. In particular, problems hidden in regulations, mechanisms and systems in the wake of the financial crisis are focused specifically in this report.