STUDY OF REENGINEERING THE STOCK EQUITY STRUCTURE IN CHINESE STATE-OWNED ENTERPRISE REFORM

In this paper,it is first briefly described the basic situation and current policies of state owned enterprise reform in China.Then the major issues in the reform process are identified,the possible solutions in terms of reengineering stock equity structure and state share circulation are discussed,and finally some suggestions are made for the further state owned enterprise reform.Basing on the theory on the modern corporation system,relevant experiences of market economy nations and the practice of Chinese enterprise system reform.The approaches to determine the proportion of state share in the future corporations are proposed.Since the public ownership is not ideologically appropriate,the establishment of social security fund and mutual fund investment companies are suggested as new and acceptable pattern of public ownership.It is believed that these companies will be the major institutional shareholders in the future corporations.Their stock equity structure would mainly consist of institutional shareholders,which will be both consistent with international norms of modern corporations and with socialist public ownership with Chinese characteristics.

Effects of China's Corn Stockpiling System Reform on Family Farms' Decision to Join Cooperatives

Reform of the corn stockpiling policy is a key initiative for advancing China's market-based grain stockpiling reform. It is a critical component of China's exploration of a price formation mechanism for agricultural products. Evaluating the effectiveness of such reform is therefore of great relevance. Based on nationwide farm monitoring data of 2014, 2015 and 2016, this paper examines the effects of the corn stockpiling reform on the decision of family farms to join cooperatives. Our finding suggests that after other factors that influence the decision of family farms to join cooperatives are controlled for, the probability of corn farms to join cooperatives in the Northeast and Inner Mongolia, where the corn stockpiling reform was carried out in 2016, is significantly higher compared with the probability of corn farms in non-reform areas that did so. The reason is that after the reform, corn producers must sell their corn to the market instead of to the State, bringing them sales problems, which could be mitigated to some extent by joining cooperatives.Thus, the corn stockpiling reform incentivized the market-based behavior of agricultural producers, giving play to the role of market mechanisms in regulating production and demand.

Thoughts on High-quality Development of Unconventional Gas in Central China——Commemorating the 40th Anniversary of Reform & Opening-up and New Progress in Foreign Cooperation

In accordance with the development concept of 'innovation,coordination,green,openness and sharing' and to promote the supply-side structural reform,CNPC proposes its new goals and strategy in the new era,and expands the overall strategy into ‘resources,market,internationalization and innovation'to adapt to the needs of cleaner energy development in the new era and highlight innovation,openness and green development.It has been seen that through foreign cooperation in the field of unconventional gas,remarkable results have been achieved in the introduction of international advanced concepts,technologies and management experiences.Tight gas and shale gas resources in Central China are abundant but more challenged in geological condition than that in North American,and there are great geological,technical and economic risks.CNPC has achieved significant phased achievements for the development of tight gas and shale gas in Ordos and Sichuan Basin;however,the development quality of unconventional gas assets needs to be further improved.To achieve high-quality development of tight gas and shale gas,on one hand,we must implement the strategy of self-operation and foreign cooperation combination,take advantage of the in tegration of self-operation with foreign cooperation and realize synergetic development;on the other hand,we need to fully understand that the technical characteristics of tight gas and shale gas are different from those of the conventional energy and unconventional technical measures,management strategies and methods are required.

Development Model and Characteristics of Rural Land Joint Stock-cooperative System

We introduce and analyze operating mechanism of three major rural land joint-stock cooperative systems in China,including community type(Nanhai model),collective leasing type(Ningxia Pingluo model) and joint operating type(Zhejiang Jiande model).Current rural land joint-stock cooperative system has following characteristics.Firstly,adhere to the collective ownership and household contract responsibility system in rural areas.Secondly,safeguard farmers' land contractual rights and interests.Thirdly,implement large-scale agricultural production and operation.Fourthly,carry out normative operation of farmers' cooperatives.On the basis of these,we point out such problems as backward technology and short of funds in development of rural land joint-stock cooperative system.Finally,we conclude that the development of rural land joint-stock cooperative system should fully draw lessons from foreign advanced experience,actively try new model like securitization of rural land,to explore a road suitable for current national conditions.

Exploration and Consideration of the Development of Sino-foreign Cooperation of Higher Education——A Comparative Analysis Perspective Based on the Data of Municipal Universities of Wuhan, Hubei Province and China

With the tide of economic globalization and the practice of“One Belt and One Road”Initiative,Sino-foreign cooperation has gradually become one of the effective ways to improve the quality of higher education.This paper based on the statistics and analysis of the data released by the Ministry of Education’s foreign-related supervision information platform,combining with the actual investigation and research on the situation of Sino-foreign cooperation of higher education in municipal universities of Wuhan,has found that the Sino-foreign cooperation programs commonly have problems of non-standardized enrollment of students,insufficient quality of teachers and teaching qualities,and lack of core competitiveness.Therefore,it is essential to upgrade the level of foreign cooperative institutions and the standards of students’recruitment,optimize the curriculum,pay attention to the public welfare of education,improve the teaching model,improve the level of teachers,so as to truly realize the original intention of Sino-foreign cooperation in municipal universities of Wuhan.

Study on the "Going out" Strategy in Reform of the Supply Front for Agriculture

The three rural issues have been always valued by all circles. At present,the main conflict of agriculture in China has been changed from insufficient total amount to structural conflict. Thus,deeply promoting the reform of agricultural supply front has become a primary work in rural areas. It is required to follow the national grain security strategy based on domestic supply and moderate imports,to ensure production capacity. Besides,China should make full use of domestic and foreign markets and resources to protect the domestic agricultural consumption demand,which is favorable for resolving the current structural conflict and also favorable for sustainable agricultural development.

Cross-Sectional Variations of Illiquidity on Stock Returns,Idiosyncratic Volatility Biases in the Shanghai A’Share Stock Market

Under the NTS Reform(Non-Tradable Share Reform),this paper explores the cross-sectional relations between illiquidity and stock returns by considering the idiosyncratic volatility biases in the Shanghai A’Share stock market.Differing from prior studies,stock returns are decreasing in a stock’s illiquidity both before and after the NTS Reform.Regarding the negative relation between illiquidity and stock returns,we find that stock returns show no clear relation with illiquidity after controlling for idiosyncratic volatility biases.Furthermore,we use residual approach to eliminate the effect of idiosyncratic volatility,and find there exists a positive relation between illiquidity and stock returns after the NTS Reform.

Application of Cooperative Learning and Flipped Classrooms in University Basketball Courses in China

This study investigates the application of the teaching model combining cooperative learning and flipped classrooms in university basketball courses in China.By analyzing the advantages and disadvantages of the traditional basketball teaching model and students’satisfaction with the course,the necessity of implementing cooperative learning and flipped classrooms is proposed.The study planned in detail the implementation strategies before class,in the classroom,and after class,and compared them with the control group through an experimental design.The experimental results showed that the new teaching mode demonstrated significant advantages in terms of learning outcomes,student satisfaction,and teacher evaluation.This study provides a valuable reference for the future reform of the physical education curriculum.

Strengthening South-South Judicial Cooperation to Promote the Development of Global Human Rights

Judicial cooperation is one of the significant components of South-South cooperation. Furthermore, in the process of South-South cooperation, the establishment of a fair, rational, and transparent new system of international justice must be jointly promoted. The Chinese judicial authorities have made new progress in deepening judicial reforms, enhancing judicial transparency, improving human rights judicial protection mechanisms and strengthening the construction of smart courts, and have accumulated rich judicial experience. Under the background that many changes and great upheavals are taking place in the international world, countries of the Global South should strengthen their judicial exchanges and cooperation, especially in the field of the judicial protection of human rights. SouthSouth cooperation should be enhanced and they should learn from each other, so they can jointly make contributions to the development of the legal world.

Highly dispersible cerium-oxide modified Ni/SBA-15 for steam reforming of bio-mass based JP10

Ni/SBA-15 modified by highly dispersed cerium-oxide was prepared with the aid of sucrose for steam reforming of JP10(C_(10)H(16)).Their characterization showed that addition of appropriate amount ceria led to the formation of highly dispersed CeO_(2)and Ni,and the CeO_(2)covered smaller nickel particles like strawberry seeds to form much more interface between them.Their catalytic activity exhibited higher stability over time on stream of 6.5 h with conversion higher than 95%and higher carbon resistance(mass loss less than 4.5%by TG),which may derive from good properties below:(1)much more interface enhanced cooperation effect and increased turnover frequency at the interface;(2)the stronger interaction between Ni and ceria to suppress sintering by formation of Ni-O-Ce solid solution;(3)the large amount of oxygen vacancies from the formation of Ni-O-Ce solid solution and highly dispersed CeO_(2)to facilitate the water-gas-shift reaction and carbon removal.

Teaching Reform and Practice of Augmented Reality Course at Xiamen University

Augmented Reality(AR)is a new mode of interactive media that is becoming increasingly popular.Few universities,however,offer courses specifically in AR.This raises questions on appropriate teaching paradigms for this fast-developing area.This paper,therefore,discusses current challenges for teaching AR including a shortage of teaching staff,segmented teaching materials,and theory-driven assessment methods.As such,we present several strategies currently used in the AR technology and application course at Xiamen University.To improve teaching performance,we introduced part-time tutors who are currently employed within the AR industry.Furthermore,we improved the systematic presentation of our course materials to allow an integrative understanding of them.Students developed AR projects using Huawei,the most popular mobile platform in China.This paper concludes that students who underwent this teaching paradigm developed effective skills and knowledge in AR and successfully advanced their careers.

Reform and Opening-up and China's Participation in International Human Rights Cooperation Process

The process of China’s participation in international human rights cooperation is closely related to the process of reform and opening-up launched at the end of the 1970s, while participation in international human rights cooperation is based on the process of reform and opening-up. It is the fruit of the reform and opening-up policy and the emancipation of the mind for China to decide to participate in international human rights cooperation. Since then, along with the process, the process of China participating in international cooperation can be divided into four periods. The first established the multi-ministries cooperative group to do research on international human rights activities in 1980. The second, was the first white paper on human rights published by the government in 1991. The third was the incorporation of human rights in the Constitution in 2004, and the fourth been putting forward the idea "a community with shared future for human beings" in 2013. All of these are landmark events for China to participate in international human rights cooperation against the general background of the reform and opening-up policy.

“一带一路”倡议背景下构建国际化急诊医学教育策略

目的探索“一带一路”倡议背景下,针对MBBS(Bachelor of Medicine and Bachelor of Surgery,MBBS)留学生“急诊医学”课程的教学改革策略与实施成效。方法本研究采用文献综述和教育研究成果分析的方法,审视当前急诊医学教学面临的主要挑战,包括语言障碍、教学方法不足等问题。根据安徽医科大学的具体情况和国际学生的特定需求,提出了一系列创新的改革措施。结果研究揭示了当前急诊医学教学存在的问题,特别是在语言沟通和教学方法方面的挑战。还提出了包括现代技术应用、互动式教学方法推广等一系列具体且具有针对性的改革措施,旨在提高教学效率和培养学生的实际操作能力。结论本次教学改革的实施有效完善了课程设置和教学资源,创新了教学方法,为MBBS留学生提供了更高质量的国际化急诊医学教育体验。促进了医学教育领域的国际合作与交流,为“一带一路”共建国家构建健康共同体提供了有力支持。

股票发行制度改革与会计稳健性——基于注册制改革试点的经验证据

本文以2019年开始的股票发行注册制改革试点为研究背景,实证检验改革是否以及如何提升首发上市企业的会计稳健性,并考察该影响是否具有溢出效应。研究发现,相较于核准制下的首发上市企业,注册制下的首发上市企业在上市前三年有更高的会计稳健性;注册制改革提升会计稳健性的作用机制之一是压实中介机构责任。溢出效应研究表明,注册制下首发上市企业会计稳健性较高的现象不仅出现在上市前三年,还出现在上市当年及以后年度,表明注册制改革的影响具有一定的持续性;注册制上市企业的存在提高了同行业核准制上市企业的会计稳健性,表明注册制改革具有一定的正外部性。本文为股票发行注册制改革的经济后果及其作用机制研究提供了新的证据,也丰富了改革的溢出效应研究。

新时代中国供销合作社综合改革研究:变迁逻辑与共时场域

当前,以为农服务为宗旨的供销社面临重新定位和再发展问题。文本立足“新时代供销社何去何从”主题,基于注意力变迁视角及制度分析与发展(IAD)框架的整合,在系统梳理供销社演化脉络和变迁逻辑的基础上,分析现阶段供销社的综合改革场域。研究认为:鉴于不同时期国家对乡村建设中供销社的角色呼唤有其时态语境,新时代的供销社应遵循注意力变迁逻辑并由此呈现渐变性特征。从长期看,供销社要把握历时演化的内在逻辑,释放作为“四不像”组织的灵活性,服务党和国家战略;从短期看,要以治理注意力为导向,从国家层面与供销系统两大角度探索改革方向与举措,助力供销社综合改革有效服务乡村振兴战略。

农村集体经济组织成员资格认定的逻辑脉络及其展开

农村集体经济组织成员资格认定是农村集体产权制度改革的基础性工作,集体所有权主体的确定是该问题研究的逻辑起点。集体所有权不具有共有和总有等所有权构造类型的特征,同时投资关系说和类比国有资本授权经营体制论都不能对农村集体经济组织的产生渊源进行合理解释。在民法规范语境下,应将农村集体经济组织确定为集体所有权主体。就成员资格和成员权利的关系而言,两者相伴而生,成员资格实质上是从权利主体角度对成员权的描述,为成员权在主体面向的表达。基于此,集体成员资格认定的法律实质是对农民所享有的集体经济组织成员权予以确权。我国农村传统经营方式决定了农户是基本经营单位,从逻辑上应当将家庭成员与以家庭为单位取得权益的关系确定为按份共有,集体经济组织成员权主体应为集体经济组织成员而非农户。城乡二元体制导致户籍这一本质上与成员权利取得不具因果关系的因素被纳入认定标准之中,其证明作用不应被忽视。在传统路径下,应构建以出生事实为核心、其他亲缘关系为辅助的主体判断路径,同时明确列举其他除外情形,形成正反双向的认定机制。在农村集体产权制度改革背景下,基于股权类型设置,集体固有成员与股份经济合作社股东在范围上并非完全一致,未来应以恢复农村集体经济组织和集体成员权的私法属性为目标,分阶段对农村集体经济组织成员权制度进行渐进性改革。

结构抗震设计课程产学合作协同育人教学模式构建

教育部产学合作协同育人教学内容和课程体系改革项目,旨在将人才培养的最新要求引入教学过程,推动高校更新教学内容、完善课程体系,建设适应行业发展需要、可共享的资源并推广应用。顺应国家战略要求,针对目前土木工程专业理论课程教学中普遍存在的问题和结构抗震设计的课程特点,基于混合式教学方法构建产学合作协同育人教学模式,探讨教学内容的调整优化、典型结构分析软件的引入、课程大作业的设计、试验项目的选取、考核方式以及教研试验平台的建立和利用等教学改革措施,描述了该教学模式的主要思路和关键实施步骤,列举了在理论知识、工程应用、创新思想和专业素质方面的收获和启发,验证了产学合作协同育人教学模式的良好效果。

注册制改革对金融市场质量的影响及政策启示

论文从IPO定价效率、二级市场交易定价效率、交易流动性三个方面,研究了注册制改革对金融市场质量的影响。研究发现:第一,相比核准制股票,以注册制方式上市的股票在IPO阶段和二级市场交易阶段的定价效率更高,但二级市场股票流动性偏低。第二,异质性检验发现,注册制改革对新股发行定价效率和交易定价效率的提升效应分别在炒新效应严重、信息不对称程度高的股票中表现更强,而对股票流动性的降低效应在股价风险低的股票中表现较弱。此外,进一步研究了注册制改革对上市公司经营绩效的影响,发现注册制公司上市后在研发投入和经营能力方面有更快的增长,且这种促进作用在融资约束程度高的公司中表现更明显。论文为注册制改革的影响提供了更为全面的实证证据,对持续推进注册制改革有一定的政策启示。

竞争还是合作:纵向财政关系改革下的政府行为抉择

纵向财政关系的规范与协调是建立现代财政制度的必要条件。本文从省直管县财政体制改革入手,探究了纵向财政关系改革下纵向层级政府在财政竞争与合作行为之间如何抉择的问题。本文基于1997—2009年全国县级面板数据,利用计量模型开展实证分析后发现,当地级市的财政利益因省直管县财政体制改革受损时,总体来看其下辖的非改革县的财政支出和转移支付将会增加,这表明地级市为弥补自身利益会对余下非改革县进行帮扶以求合作共赢。此外,异质性分析结果表明:“强市弱县”情况下的地级市和组织政府性基金收入能力强的地级市对余下非改革县的帮扶力度较大;地级市主要借助于专项转移支付工具对余下非改革县进行帮扶而非一般性转移支付。

学生能力导向的数据库课程设计教学改革与实践

针对传统数据库课程设计实践教学中存在教学内容脱离实际应用环境,导致学生数据库综合实践能力难以提升状况,分析了数据库课程设计在教学内容、教学方法和考核机制中存在的主要问题,提出基于企业情境的实践教学改革方案。模仿真实企业开发环境,进行教学案例设计;以分组合作学习模式,培养学生数据库应用综合能力;采用多元考核机制,调动学生学习积极主动性。