bluuebunny/crossref_metadata_2025 huggingface dataset:
Research on the Private Banks Centralized Management Systems in China
Authors: Li Ziru
Published: September 2023

China Merchants Bank's private banking development has always occupied first place in China for nearly 10 years. Its centralized management system for the private bank division is worth learning from. This paper focuses on the Chinese private bank centralized management system, and from the comparison with the decentralized management systems in other Chinese commercial banks, such as ICBC and the Bank of China, analyzes the advantages of the centralized one. From the comparison, this study finds the AUM of China Merchants bank is much higher than ICBC and the Bank of China [1], and the assets per household are two times higher than the other two, indicating that China Merchants bank's clients hold more sickness than the other two. Based on the core idea of the three processes of value creation, value transmission, and value capture [2] and the development process of the China Merchants Bank, this study proposes the centralized management model for the private bank. In conclusion, this study indicates that centralized management systems have advantages over decentralized modes in the long run. To reform the decentralized systems, the model suggests centralizing the research team, database and digital platform, and managers assessment, which can create more professional investment advice, higher working efficiency, and different holding stages services.
Brandy Melvilles Social Media Marketing Strategy-Taking Girls in Generation Z as an Example
Authors: Lin Sitong
Published: September 2023

A fast fashion brand that has become topical and popular in recent years, it must be Brandy Melville. In the era of fast fashion dying out, BM really has a big market. People never see their advertisements because they don't advertise. Brandy Melville used social media marketing strategies to successfully create concepts such as BM girl, BM style, etc. Make the brand a representative of American style clothing. Brandy Melville is especially popular among Gen Z girls. This article analyzes the success and controversy of BM's social media marketing strategy by studying the relationship between BM and z-generation girls, the BM brand's 4P marketing strategy, and the social issues brought about by the BM brand.
The Impact of Federal Reserve Monetary Policy on China's Industrial Economy
Authors: Gu Jiacheng
Published: September 2023

As the two largest economies in the world, China and the United States have a far-reaching impact on China's economic growth and global economic development. However, generally speaking, the impact of the Federal Reserve's monetary policy on the economic growth of various provinces in mainland China is quite heterogeneous. For example, the impact of the Federal Reserve's monetary policy on the economic growth of eastern coastal and border provinces is less than that of inland provinces. Therefore, China should not only comprehensively use monetary policy and fiscal policy tools to effectively deal with short-term external shocks but also make full use of the favorable factors brought by the Federal Reserve, solidly promote economic restructuring, transformation, and upgrading, accelerate the structural transformation of economic growth momentum, and actively cultivate new kinetic energy for economic development.
Research on Populism and Political Polarization in France
Authors: Li Muxi
Published: September 2023

In recent years, populism has risen rapidly worldwide, especially in many European countries. Populism in France is the most typical example in Europe, which has impacted the existing order of the European Union. From the perspectives of historical origin, domestic structure, external environment, and realistic conflicts, this paper focus on the French populist party National Front (FN) and explores the nature and motivation of populist political polarization based on the theory of supply and demand. The extreme dissatisfaction of societys middle and lower classes is the root cause of populist political polarization. Economic instability and voters distrust of mainstream politics have fueled populism. Populist parties use various tools, including polarized discourses, ideologies, and leaders unique political personalities, to drive voters toward extremes. The refugee issue has driven populism into a fanatical far-right, posing a challenge to Western democracy and the EU order. Finally, this paper discusses the influence and significance of the current populism in French society.
Analysis and Optimization of Labor Market Policy in East Germany After German Reunification
Authors: Huang Siyao
Published: September 2023

The merger of East and West Germany in 1991 was a very important event in world history and had a great impact not only on the world but also on Germany itself. In particular, the transition of the former GDR is of great concern. Among them, the labor market problem in eastern Germany is one of the important challenges that the former GDR has to face in the transition. Using documentary and comparative analysis, this paper focuses on the excessive unemployment rate and the lack of public welfare policies in the labor market of eastern Germany after 1991. This paper aims to analyze whether the policies adopted by the German government to alleviate the problem are effective in the long run. Although these policies were controversial at the beginning of their implementation, some scholars consider them a failure. However, in view of the current development, these policies are beneficial and feasible for developing the eastern part of Germany in the long run.
Securitization of Forced Migrants in the European Union
Authors: Shen Yang
Published: September 2023

The purpose of this paper is to discuss the EUs responses to arriving forced migrants during the ongoing Ukraine conflict and whether the EU has selective humanity towards forced migrants who come from varied backgrounds. The theory of securitization will be applied to analyze the EUs responses towards the arriving forced migrants. Greece will serve as a case study to show securitization works within EU states and explain the EUs failure to handle the refugee crisis in 2015. Then, through the comparison to the EUs current response to Ukraine refugees, it seems that the EU does have a double standard towards forced migrants from different cultural backgrounds and ethnics.
Impact of COVID-19 on Inflation Measurement
Authors: Deng Chuyu
Published: September 2023

The COVID-19 pandemic influences peoples everyday living as well as the functioning of the society in many aspects including healthcare, government policies and so on. The effects that act on economics and finance are nonnegligible. There are changes in peoples investment expectations and strategies when taking the current inflation situation into consideration. Moreover, citizens of the United States change their consumption preferences correspondingly, which can have a considerable effect on the United States economy. In this paper, the author will examine how the COVID-19 pandemic effects these aspects in the United States using inflation situation as a parameter and indicator. The author will largely focus on the historical data of GDP deflator, inflation rate, and CPI. The first two indexes are significant and common indicators when reviewing inflation situations, while the third index reveals inflation situation as well as changes of peoples consumption habits. Based on the historical data, the author will then estimate the future trend of inflation situations, and finally provide some suggestions based on the analysis of the historical data.
The Impact of COVID-19 on the Real Estate Market Based on Case and Data Analysis
Authors: Cui Weijia
Published: September 2023

In the previous two years, COVID-19 has been one of the pressing social issues, and empirical studies have shown that COVID-19 has a significant impact on the growth of the economy. However, more research and an analysis of the effects of COVID-19 on the global real estate market may be required. In order to better explore the effects of COVID-19 on the real estate market and the changes it has brought about, this study analyzes the real estate markets in China, the United States, and Europe together with pertinent real estate market statistics. According to the analysis, COVID-19 has caused a reduction in some office real estate deals, a rise in the market for luxury homes, a shift in consumer preferences from renting to buying. In addition, a significant uptick in the adoption of cutting-edge digital technologies by service providers. Therefore, it is advised that the real estate market performs sound market research, records changes in consumer demand, and promptly modifies its business plans. These results shed light on guiding further exploration of the impact of COVID-19 on the real estate market in the study area and the resulting changes.
The Application of Value Investing in UI, PXD and Qualcomm
Authors: Du Yulong , Hu Dixiang , Tao Shiyuan
Published: September 2023

The goal of our paper is to use the correct quantitative methods and corresponding business indicators to find suitable objects for value investing to help investors seize the opportunities that exist in the stock market undertaking the pressure of global pandemic. The data we used is derived from publicly available data on the U.S. stock market from 2016 to 2021. During the evaluation, we use a number of business indicators, i.e., sharp ratio, GP/A, EBITDA ratio etc, to measure the three selected companies, i.e., UI, PXD and Qualcomm, that have performed well relative to the market in recent years. The result shows that the gross profit/asset of UI is 103.65%, which is much higher than that of QXD and Qualcomm. The EBITD/sales ratio was 36.12%, and it outperformed almost every comparative firm in the industry in the past five years. The sharp ratio of UI is 2.79, which means that it will earn 2.79 times of return of the American stock market. The detailed analysis of this paper proves that UI is indeed a promising company that deserves more attention from investors.
Research on Interaction Between Chinese and American Stock Index: A VAR Approach
Authors: Zhao Zhengduo
Published: September 2023

Today's world is a changing world and Economic globalization will be an irresistible trend. There are so many uncertain event factors like the global covid-19 epidemic, global ChinaUnited States trade war and Brexit etc. Those events are all affecting the global economic growth. However, will the affection be one-way or two-way? This paper focus on investigating the interaction between China and Americans Stock Index. In this study, the stock index Standard and Poor's 500 (S&P 500) in America and China Securities Index 300 (CSI 300) in China from 01/09/2021 to 01/09/2022 are selected as data, and the VAR model is established to capture the relationship between Chinas and Americas stock variation. The following conclusions can be drawn from a study of the results: first, VAR model is convergent as the period of the time increases. Second, the impact of the Impulse response will last for about 10-14 periods. Third, from the variance decomposition, the affection from CSI 300 to S&P 500 will stabilised at around 10.993% and from S&P 500 to CSI 300 will stabilised at around 2.77%. The results in this paper benefit the related investors in financial markets.
Research on the Interest Rate Risk Strategy of Bond Market
Authors: Li Zekang
Published: September 2023

Compared with stocks, bond investment can not only reduce relatively large risk losses, but also ensure that the investment status is healthy and stable. However, whether the product trend in the bond market can be used as a tool for monitoring economic conditions is a question worth pondering. This articles main function is discussing why the bond market is useful and the influence and difference of bonds maturity and interest rate for the economy and investor. Through the research and discussion of the article, the paper focused on the conclusion that the comparison of the interest rates of long-term bonds and short-term bonds in the bond market in the same period can reflect the overall economic situation of the market to a certain extent, and the significance of this conclusion is that, It can not only enable investors to observe the market trend through the interest rates of bonds of different maturities, and make choices for their next investment decisions, but also enhance the functionality of the financial market and strengthen the connection with the economic market.
How to Use Different Hedging Strategies to Make Your Company Profitable
Authors: Zhou Liuxing
Published: September 2023

The profitability of investors through arbitrage decisions is a topical issue in the economy, and some researchers have found that the study of corporate stocks bonds and markets has a significant impact on investors' hedging, however, there is a lack of uniform explanation of the operational methods and scope of influence behind it. Therefore, this article focuses on four different portfolios to further analyze the importance of market analysis for hedge fund investments. The methodology of this paper is to first select the hedging method we will use, then select two different companies based on various factors such as the recent market and the future trend of stocks and bonds, hedge these two companies on stocktrack, and accept the results after two weeks of hedging. In this paper, four sets of portfolios will be used to enhance the credibility of the article. The results of the study show that the direction of the stock and the general trend of the market are particularly important for investors to make hedging transactions, and that if arbitrage strategies are used arbitrarily without taking into account the actual situation there is a high risk of investment failure. Thus, it is necessary to choose the appropriate arbitrage strategy for hedging based on the future direction of the market and stocks.
Analysis of the Impact of COVID-19 on Macao's Gambling Industry
Authors: Meng Weijun
Published: September 2023

Macao, known as the "Monte Carlo of the East" and the "Las Vegas of Asia", has suffered a huge impact and unprecedented impact from the COVID-19 pandemic since its return to China. The negative impact of the pandemic has hampered the flow of people, reducing the number of tourists to Macao and the profitability of related industries, which has affected the revenue of Macao's gambling industry. This study used data research to study Macao's gambling industry and analyzed the impact of COVID-19 on Macao's gambling industry through relevant data before and after the epidemic, obtained from the Macao Bureau of Gaming Supervision, the Macao Bureau of Statistics, news media, and other channels. In addition, according to the current situation in Macao, if the gambling industry wants to recover from the status quo of difficult long-term development caused by the single industrial chain and the impact of physical casinos caused by the epidemic, it is necessary to clarify the development ideas, improve the industrial chain, and establish a diversified industrial system.
Reference of European Carbon Market to Chinas Carbon Market under the Unified National Market
Authors: Yan Jia
Published: September 2023

Under the goal of global net zero emissions, China has established a carbon market to limit and allocate carbon emissions. Based on the establishment of China's national unified market and the official operation of China's carbon market, this paper compares China's carbon market with Europe's carbon market. Firstly, this paper first reviews the relevant papers, mainly including the summary of the development experience of the four stages of the European carbon market, the reference significance of the European carbon market for China's carbon market, and the scale advantage in the carbon market. Then, the paper compares and analyzes the European carbon market and China's carbon market from three aspects: regional development imbalance, financial attributes and limitations of the carbon market. It also analyzes the role that China's national unified market can play in the development of carbon market. Finally, this paper puts forward suggestions for China to use the national unified market to develop the carbon market from two aspects: reducing regional development imbalance and developing carbon financial instruments and financial products.
How Pop Mart Is a Major Player in the Market
Authors: Fan Yuxin
Published: September 2023

The rapid development of the fashion game industry in recent years is a microcosm of the national pursuit of spiritual and cultural satisfaction. After nearly a decade of development, China's fashion game market is still in a period of rapid growth. In the field of fashion games, Pop mart is the pioneer of its industrialization and the industry benchmark. Pop mart has grown rapidly and come into the spotlight in a short period of time, with substantial annual revenue growth every year. In this case, it is important for people to know why Pop mart is the leader of this industry in detail and some thoughts about their future business direction post-pandemic. This paper scrutinizes and analyzes why Pop mart dominates this market in terms of business model, product planning, sales approach, and consumer psychology. It also indicates how to maintain the company's development and economic growth in the face of a serious epidemic.
Comparative Study of Environmental Migration Issues in Bangladesh and Singapore
Authors: Liu Tianrui
Published: September 2023

As the global climate crisis increasingly exacerbates, many countries are faced with more frequent natural disasters and the acceleration of slow on-set environmental degradation. In such context, environmental migration, comes into the international communitys view. Though not a new phenomenon, environmental migration fails to fit in the current migration framework due to its multidisciplinary nature, as a result, therere no explicit legal documents and mechanism to protect environmental migrants. In response to the inaction, this article investigates the key factors of environmental migration and possible pathways through the comparative study of Bangladesh and Singapore. In the first part, the impact of climate change on both states are examined and compared. In the next part, the difficulties in defining and tackling environmental migration issues are proposed, followed by the overview of current legal pathways of Bangladesh, Singapore and international law. In the third part, principles concerning environmental migrants human rights protection are discussed, and viable policy options are based on those principles and previous review of Bangladesh and Singapores situation, reflecting on how the two states could act as examples to inspire the international community.
Development of Chinese Industries under COVID-19
Authors: Wu Jianing
Published: September 2023

The year 2020 saw a global outbreak of the COVID-19 virus. The world economy was hit hard by the COVID-19 outbreak. As China was the first country to experience a major outbreak of the New Coronavirus, its economy was severely affected. In response to the crisis, the Chinese government decided to impose a nationwide closure of the city and restrictions on outbound and inbound travel. As a result, the majority of enterprises within China are affected by COVID-19 to varying degrees. This paper focuses on the impact of COVID-19 on Chinese companies and how Chinese industries are addressing their own existential crisis in this environment. Through methods such as finding data and market research, this article draws out some responses. Companies can increase their digitalisation and integrate it with industry. In addition, companies can respond to unexpected epidemics by partnering with influencers for live streaming and opening online shops. Entrepreneurship is important for business development. The government should also strengthen its support for SMEs.
Financial Market Reactions under the Russia-Ukraine Conflict-An Empirical Study Based on a Multi-factor Model
Authors: Hong Lefei , Li Yonghao , Tao Ran
Published: September 2023

This paper takes advantage of the turbulent situation in eastern Ukraine to study and examine the correlation between war conflicts and stock yields, and to study the impact on the stock returns of A-share listed companies in China. The background of this article is that with the Russian Ministry of Defense announcing the withdrawal of troops stationed on the border between Russia and Ukraine, the crisis situation in eastern Ukraine has been cooling since October 2021, until February 2022, when Ukraine announced in civilian forces that it would evacuate the local population to Russia on the same day, while the situation in eastern Ukraine deteriorated, the local government banned foreign aircraft from entering the country, and declared Ukraine a state of war. This article constructs an index factor that measures the degree of war through the cryptocurrency market price fluctuation index and the cryptocurrency market price fluctuation index. In addition, a new war impact index factor is added to the basic three-factor model, and the explanatory performance of the new multi-factor model for the stock yield of listed companies is more in-depth and whether it is more explanatory than the three-factor model. The study will test whether the Russian-Ukrainian conflict will significantly affect equity returns in China's A-share market. Helps investors better describe the expected returns of a cross-sectional stock portfolio.
Research on Algorithmic Trading and Its Role in Pricing Efficiency in Chinese Stock Market
Authors: Gao Qing , Jiang Yunchang , Wang Jiaxin
Published: September 2023

This paper uses the A-share stock data in 2021 as a sample to study the impact of algo-rithmic trading activities on pricing efficiency through empirical analysis. Combining with the current market transaction structure and institutional characteristics in China, this study uses the proportion of small transaction volume STR as a proxy variable to measure the in-tensity of algorithmic trading activities in China. Empirical results show that algorithmic trading can effectively improve the pricing efficiency of Chinese stock market. In addition, an important way for algorithmic trading to improve pricing efficiency is to reduce stock market volatility and reduce investor heterogeneity. Through extended analysis, the find-ings demonstrate that algorithmic trading has a differential impact on the pricing efficien-cy of different stocks, with the highest degree of improvement in pricing efficiency for stocks with high market prices; at the same time, algorithmic trading can play a better role under the condition of sufficient market liquidity.
The Role of In-House Procurement According to Finnish Municipalities' Purchase Invoice Data
Authors: Ghezzi Reetta-Kaisa , Korhonen Minnamaria , Vilpponen Hannu , Mikkonen Tommi
Published: September 2023

Public sector is a large consumer for ICT systems and services development used for various public services. Tendering for such systems is governed by laws aimed at eliminating unfair advantages and offering all possible parties equal opportunities to participate in the tendering process. In this article, we study in-house procurement, where the acquiring organization is an owner of the subcontractor that delivers the system. Municipalities purchase invoice data is used to determine how greatly municipalities in Finland depend on in-house procurement. In conclusion, the understanding if included municipalities have ICT service and development units within the organizations needs closer examination, as in-house companies may offer municipalities with limited resources divided costs in the public procurement process.
Performance Evaluation of Chinese Stock Mutual Funds
Authors: Guo Zelin
Published: September 2023

Based on a data from January 2003 to July 2020, I compare market index with mutual funds in Chinese stock market. First, I compare the cumulative return of market with that of mutual funds. Mutual funds have obvious advantages. Next, I compare their volatilities, Sharpe ratios, Sortino ratios, and maximum drawdowns. Based on these performance proxies, Chinese stock mutual funds still outperform the market index. Finally, I research the persistence of fund performance. Mutual funds with better performance in the past year tend to have higher returns in the next month.
How the NCAA Is Solving Alcohol Abuse on College Campuses Through Marketing Strategies
Authors: Wu Shuangxiong
Published: September 2023

The National Collegiate Athletic Association is an American college sports league that is popular in the United States and even around the world. It includes many different kinds of sports, and almost all have a high level. Basketball is one of the representative sports in the National Collegiate Athletic Association. There is an annual sports championship that is the most popular in America and is held in March of each year. National Collegiate Athletic Association sports events have a very high degree of attention and a very strong mass base. Not only the basketball is a popular sport in National Collegiate Athletic Association, track and field are also popular. In addition to basketball and track and field, the National Collegiate Athletic Association also includes other sports such as football, baseball and others and they are all concerned and loved by people. Alcohol abuse among college students is a serious public health problem that plagues many American college students. This situation also leads to serious illnesses associated with alcohol for adolescents. More than just disease, the act of drinking alcohol is likely to lead to future alcohol dependence in adolescents. Student athletes have an even more serious alcohol abuse problem. This article mainly studies the National Collegiate Athletic Association's use of different marketing methods to solve the long-standing problem of alcohol abuse by college athletes. Furthermore, through marketing to eliminate the negative impact and make college students pay more attention to the problem of alcohol abuse, so that they can get better athletic performance, academic performance and physical health, and also enable them to effectively avoid criminal problems that may be caused by drinking.
The Key to China's Market - Negotiation
Authors: Wu Ruidong
Published: September 2023

In the context of economic globalization, business negotiation has become increasingly important. When western business negotiators seek opportunities in the huge Chinese market, they often encounter setbacks in negotiations. This article starts from the perspective of universal cultural dimensions, and through the analysis of the characteristics of Chinese culture, to explore the cultural factors that affect China's business negotiations from the shallow to the deep, from the outside to the inside.
The Development Status of the Fan Economy from the Perspective of Consuming Psychology in the Era of New Media
Authors: Guan Weizhen
Published: September 2023

The widespread use of new media and the Internet has altered people's consumption behaviors. Brand management and product promotion strategies have also improved. Since production eventually chooses to be consumed, the conventional consumption model primarily satisfies people's fundamental material necessities. People's consumption has increased as a result of the growth of the social economy to include spiritual and emotional demands. The new era's consumption paradigm has altered to allow consumer demand to drive industry production. The emotional consumption of consumers is being investigated by media and business, and they are able to capture people's need to use consumption to find emotional solace. Utilize the fan economy to sculpt the emotional resonance between your brand's offerings and customers in order to build a strong social presence for your brand. This paper will look at the fan economy's current state of development in light of new media from the perspective of consumer psychology. Find the key elements that influence customers' purchasing decisions in today's society through research and a review of pertinent literature. Additionally, how the evolution of the Internet has influenced how the consumer market has changed and how this has influenced customer behavior. The article's main goal is to demonstrate that customers are now more interested in emotional value than only material or economic advantages when determining whether an action is worthwhile.
Research on Marketing Strategy of Fast Fashion Brand--Taking URBAN REVIVO as an Example
Authors: Han Yuxuan
Published: September 2023

In modern society where the pace of life is increasingly fast, people's demand for clothing reflects their pursuit of speed. The resulting fast fashion clothing industry breaks the traditional marketing mode and develops rapidly, realizing the rapid transformation of consumer goods in the design of new clothing products. Therefore, in the current clothing industry, "fast fashion" has become a marketing method that is mainly used. Based on the current development situation of the clothing industry, this paper takes URBAN REVIVO, one of the most successful local brands in recent years in China, as an example to analyze and compare the marketing strategies of the clothing fast fashion brand by using marketing models, so as to provide help and guidance for the practice of "fast fashion" clothing industry. Conclusions can be drawn that, under the guidance of STP theory, URBAN REVIVO has made differentiated and accurate market positioning and has achieved good development. From the perspective of 4P theory, URBAN REVIVO 's success lies in its product strategy of more styles, less quantity, its price strategy of parity, its efficient channel strategy, as well as its less-discount promotion strategy.
Social Network and Resources Integration Within Logistics Industry in China --- With Case Study of Cainiao Network
Authors: Sun Qiming
Published: September 2023

The business network in logistics industry is essential for integrating resources and establish firms own advantage of compettitiveness in the market, as well as providing more comprehensive services that facilitate firms to gain its revenue. Construction of intermediary platforms has therefore been an effective mean. Cainiao, a subdivided branch of Chinese giant enterprise Alibaba, has seized this opportunity. Though the debate about how social networks function to boost the high-quality development of firms has been very hot over the last three decades, few studies have mentioned and worked to understand to the linkage between social network analysis (SNA) and logistics chain management. Hence, the purpose of this research is to identify the construction of a business network by the giant Chinese logistics companies and its enhancing function of collaboration among firms and embeddedness for the success of Cainiao, which constructs the whole network. This paper will be carried out in concept explaination of essential terms in SNA and the practice of them into operation of Cainiao Network, as well as some diagrams made by Ucinet software will be applied. Results of the study show that through the early alliance of giant express enterprises, Cainiao has gained a wide network map that permits it to utilize abundant resources for the firms prosperity, and boosts the conjunction between the other companies and customers.
The Impact of COVID-19 on Financial Technology Enterprises and Countermeasures -- Taking Ping an Insurance of China as an Example
Authors: Sun Hongzhou
Published: September 2023

Financial technology enterprises are essential and important in promoting economic progress and social development. Financial technology companies have seen their performance decline amid the pandemic, but the epidemic has also accelerated their push to go online. It is of great significance to analyze the impact of COVID-19 on financial technology. This study analyzed the impact of the epidemic on fintech enterprises by the existing literature and practical problems. The study also took Ping An Insurance of China (Ping An), an outstanding financial technology enterprise, as an example to examine the impact of the epidemic on it and its coping strategies. In the study, some suggestions are provided for financial technology companies. After the epidemic, financial technology enterprises need to increase financial need, accelerate the speed of online business and build a sense of social responsibility.
Overflow Effect of COVID-19 Pandemic: Evidence from China and US Based on Time Series Model
Authors: Han Shuiqing
Published: September 2023

It is widely acknowledged that COVID-19 which outbroke at the end of 2019 has brought great change to peoples daily lives and has had a huge impact on the global market. In order to study the intercorrelation of the pandemic in China and the United States and each others economic markets, this paper uses the VAR model and the ARMA-GARCH model. This paper mainly utilizes the data from February 03, 2020, to December 15, 2022, to study the effect of the pandemic in China on the U.S. market and the effect of the pandemic in the United States on the Chinese market. This study discovers that the increase in the pandemic in the U.S. is insignificant in relation to the Chinese market while the pandemic in China will affect the U.S. stock market. This paper reminds people of considering the consequence of the pandemic in a wider context and provides new aspects for future researchers. The results of this study suggest investors consider things more rationally before making a decision and suggest governments make wiser plans to limit the irrational behavior of investors and prevent the market from fluctuating when similar cases happened in the future.
Chinas Labor Market Dynamics under Covid-19 Pandemic: Youth, Adult, and Overall
Authors: Chunyu Songyue
Published: September 2023

At the end of 2019, COVID-19 suddenly emerged in various countries around the world. Its rampant global spread has resulted in immeasurable loss and effect for most nationalities and citizens. Unfortunately, the indeterminacy elements of economic development and environment increased dramatically especially in China caused by the pandemic situation, the depression of economy further highlighted contradiction of the employment structure. Citizens of different ages faced divergent challenges like staff reduction, great competitive pressure of obtaining occupation, and so on. As a consequence, diverse elevation of unemployment rate occurred in all citizens, youths, and adults respectively. In this article, three divergent unemployment rates for overall citizens, youths, and adults respectively are selected and the data from January 2018 to October 2022 are extracted. This research applies ARIMA Model to structure and analyze data in order to study the scope of addition and subtraction of three separate unemployment rates on account of serious pandemic. Meanwhile, based on the prediction of future trend of Chinas unemployment rates from January 2022 to October 2022 and contrasting it with the actual data, it can be seen obviously that over unemployment rate increases dramatically as a result of pandemic, and the most heavily affected part is one in young citizens. Finally, this paper furnishes referential recommendations for pandemic policy in economic progress and employment aspects.
Risk Analysis and Research for Construction Projects
Authors: Liu Yuantao
Published: September 2023

As the population grows and the demand for public infrastructure increases, more and more construction projects are being carried out. In order to avoid the failure of construction projects due to their high level of complexity, risk anticipation and risk response can be made through the study of project risks, which can greatly improve the success of construction projects. The investment and time spent on a construction project are huge and if the project fails or is delayed, there will be serious consequences. This is why construction project risk management is so important for construction projects. Therefore, this paper analyses the risks of construction projects. It finds that construction project risks can be classified as internal and external risks and suggests improvements to the existing three-step project risk management process Identify-Assess-Respond, adding a project risk review. This paper enriches the study of risk classification and management processes for construction projects and proposes risk management process measures that have implications for future construction projects to deal with risks more efficiently.
The Long-Term Relationship between Nasdaq Index and Gold Yield: Analysis Based on ARMAX Model
Authors: Zeng Tianzhi
Published: September 2023

This article explores the relationship between the gold yield and the Nasdaq index through a detailed understanding of the gold yield and the changes in the Nasdaq index in the past ten years. Will the gold yield be affected by the Nasdaq index, whether there is a correlation between the two, and whether the gold price can be predicted based on the Nasdaq index. In this paper, the ARMA model is used to rank the gold return rate, and four models are used, namely the gold return rate, the gold return rate plus the Nasdaq index, the gold return rate plus the Nasdaq index lagging 1 period and lagging 2 Period to analyze and finally explore the relationship between the two. This paper mainly finds that the return rate of gold is positively correlated with the Nasdaq index, but the prediction efficiency of the model is low. Gold is an effective return to crisis industries. When the stock market is not friendly, gold can play a very good hedging role. This article uses the influential and extensive data of the Nasdaq index to let everyone know how to analyze the yield of gold through existing data. In short, it is when to buy and sell gold. This paper suggests that although the model shows that the prediction effect of the Nasdaq index on the gold return rate is not significant, the two show a positive correlation, and it has a significant effect in the lag period 1 and 2. It is recommended to use the Nasdaq index Investors who watch gold yields give priority to watching lag 1.
Crisis and Structural Changes in Banking
Authors: Ma Caoyuan
Published: September 2023

Financial issues have always been an important issue of concern to the whole world. This year's Nobel Prize in Economic Sciences was also awarded to three scientists who studied the financial crisis in the 19th century. This article will take the 2008 financial crisis as the research object, and analyze the causes, Consequences and Changes of the financial crisis. In terms of causes, it focuses on the impact of financial credit products such as subprime mortgage loans and CDS brought about by the loose loan policy of the United States on the stability of the US financial market. Secondly, in terms of consequences, it will focus on the bankruptcy of Lehman Brothers, the fourth largest investment bank in the United States at that time, the bankruptcy of many other companies, and the high unemployment rate brought about by the company's bankruptcy. Finally, in terms of changes, the government introduced the bills led by the Dodd-Frank Act and Basel III to deal with the financial crisis and prevent future financial market problems.
The Impact of US-CN Audit Agreement on US-listed Chinese Companies and Its US Peers
Authors: Zhang Yinuo , Chen Yang , Wang Zirui , Gong Jiayi
Published: September 2023

This paper examines the US-CN Audit Agreements influences on investors reactions towards US-listed Chinese companies and the potential spillover effect on US domestic listed companies with the same auditors that Chinese companies have. The sample consists of 282 Chinese US-listed companies and 3986 U.S. companies with the same auditors as those Chinese companies. We then compare the average stock return of U.S.-listed Chinese companies and the U.S. companies based on the sample period for the stock return data begins from July 27, 2022, to Aug 29, 2022. By using T-test separately, we found that U.S. companies have higher average stock returns in the previous 21-days period, and in the 3-day announcement window, the difference in stock returns between U.S.-listed Chinese companies and U.S. companies is not material. Therefore, we document that although investors become so alarmed by the publication of the US-China Audit Agreement that stock returns suffer. As a result, the success of US-China audit cooperation will increase investor confidence and help Chinese companies' stock returns and mitigate the negative effects.
Application of Earned Value Management in Project Management
Authors: Li Wenqing
Published: September 2023

Today, firms may cut costs through improved information exchange and boost profitability by delivering goods more quickly and affordably with fewer resources thanks to the scientific use of project management. In these projects, the core management activities revolve around cost management. This requires project managers to follow a scientific approach to strict project budgets, identify deviations early, analyse problems and correct them in a timely manner. Therefore, this paper aims to introduce the meaning and methods of cost management and introduces the basic concept of earned value management after analysing the history and current status of cost management to optimize its theory. By analysing the interplay between project cost and schedule, this paper explains how to apply earned value management to project cost control process by using cost and schedule performance index analysis and so on. The paper concludes with an analysis of the limitations and some countermeasures and suggestions. Cost management of projects should take into account the variability of the project and take into account both time and quality factors.
Analysis of Inter Milan's Financial Losses
Authors: Zhang Jiahui
Published: September 2023

Inter Milan was founded on March 9, 1908, as a result of a split between 44 founders who opposed the ban on international players by the Milan Cricket and Football Club. Inter Mi-lan is a football club located in the city of Milan and is one of the Italian first division football teams. However, it has suffered serious financial losses in recent years. Since 2018, the loss has increased and almost doubled every year. The loss has decreased since 21-22, but it still has not gotten rid of the predicament of loss. Firstly, this paper briefly summarizes the team's past achievements and history as well as its management in recent years, including the overall profit and loss situation, the composition of the players and the main revenue sources of the club. On this basis, the economic losses of the club are analyzed. The paper analyzes Inter Milan's financial losses in terms of the epidemic, aging players, changes in sponsors and partners, and competitive results, and suggests some pos-sible solutions. Finally, an outlook on the future development of Inter Milan is provided.
The Impact of Brand Spokesperson Selection Decisions on the Sales of Necessities Companies -----In the Fan Economy of China
Authors: Jiang Leyan
Published: September 2023

The fan economy is a business model that is widely used in China. This study aimed to ex-amine the impact of the fan economy as a business model in China on the decision of companies to choose their brand spokesperson. Therefore, this study selected one city in the south and one in the north of China and sampled them separately. A total of 120 people of all ages from all walks of life were selected for the questionnaire survey, and ten of them were also interviewed. Based on the data statistics and interviews, significant differ-ences were found in the effects of both consumer income and consumer gender on the study results. The group with stable income cares more about the consumer experience and will use their own experience as a prerequisite for purchase, while the student group will tend to use the spokesperson as a reference for selection; women care more about the celebrity status of the brand spokesperson, while men show less care than women. While a larger study sample is needed to determine if there are other influencing factors in the study, the results suggest that consumer income status and gender are factors that should be considered when influencing the selection of spokespeople for essential goods brands.
How COVID-19 Is Facilitating the Digital Transformation of Luxury Retailing Industry in ChinaTaking Louis Vuitton as an Example
Authors: Peng Shuai
Published: September 2023

In recent years, COVID-19 poses an undeniable threat to the world economy. There is an increase in the global unemployment rate, supply chain disruptions, and business failures in several industries, especially in China. Faced with this difficulty, an increasing number of organizations are transforming their platforms from physical stores to e-commerce and online platforms, hence boosting their digitalization penetration. This paper explores how COVID-19 stimulates the digital transformation of the luxury retailing industry in China, using Louis Vuitton as an example. The purpose of this paper is to determine the possible pattern around all luxury retailers to see if digitalization is better and more sustainable for their commercial operations. This paper will employ literature analysis as its methodology. This paper reveals that the digital change surrounding the luxury brand is not solely a result of COVID-19, while COVID-19 does speed this transformation, and that social media platforms also play a significant role in China.
Analyzing Factors of Stock Price Index and Using Simple Linear Regression Techniques
Authors: Xiang Hongjin
Published: September 2023

Macroeconomic factors usually have an impact on the capital market, but not to the same extent on stock prices, which is related to the lag in the transmission of macroeconomic policies, the short observation period, and market volatility. Usually an increase in money supply, decrease in interest rates, and liquidity easing affect stock price volatility, while inflation has a more complex impact on the stock market. In this paper, the volatility of HS300 stock price index is studied by exploratory analysis of correlation factors and simple linear regression analysis is applied to analyze the correlation.
Stock Price Prediction Based on OLS and LSTM: Evidence from JPMorgan Chase, Tesla and Apple
Authors: Xiao Ronglei
Published: September 2023

Contemporarily, the stock price prediction remains a challenging topic that puzzles many economists and researchers. With the development of science and technology, many types of methods have been utilized to predict the stock price. The paper first reviews the popular stock price prediction methods in recent years and then uses the OLS and LSTM models and the stock market data including 12 Technical indicators from 2018 to 2022 to predict the stock prices of the three major companies: JPMorgan Chase, Tesla and Apple. According to the analysis, the regression and the test results show that LSTM has better prediction ability. On this basis, this study gives suggestions for three companies to predict the stock price in the future. Finally, the shortcomings of the methods used in the article are proposed, and the future prospects are also discussed. These results offer a deeper and clearer understanding of the role and effect of OLS and LSTM models in stock price forecasting.