This study examines the impact of communication on investors’trading frequency based on a unique dataset drawn from a Chinese social trading platform.We find robust evidence that real-account portfolio owners on the ...This study examines the impact of communication on investors’trading frequency based on a unique dataset drawn from a Chinese social trading platform.We find robust evidence that real-account portfolio owners on the platform trade more frequently under the influence of the comments posted by their leaders(the owners of portfolios they have followed).Moreover,portfolio owners are more sensitive to the quantity than to the tone of leaders’comments.Finally,both trading frequency and leaders’comments negatively impact portfolio owners’future performance.Our find-ings support the notion that social interaction promotes active investment strategies.展开更多
The 2019 CIFTIS(China International Fair for Trade in Service)themed on 'openness,innovation,wisdom and integration' has recently closed down in Beijing.This year CIFTIS has been upgraded to national exhibitio...The 2019 CIFTIS(China International Fair for Trade in Service)themed on 'openness,innovation,wisdom and integration' has recently closed down in Beijing.This year CIFTIS has been upgraded to national exhibition and witnessed the signing of 440 project contracts with the total contract value of USD 105.06billion,a record high in the event history.There are 134 projects in foreign countries with total contract value of USD 17.55 billion.展开更多
E-commerce is a new consumption mode, which develops rapidly and is welcomed by consumers. It also plays an important role in promoting the international trade. Through this analysis, we can understand that the influe...E-commerce is a new consumption mode, which develops rapidly and is welcomed by consumers. It also plays an important role in promoting the international trade. Through this analysis, we can understand that the influence of the e-commerce on the international market has both positive and negative aspects. We need to be aware of our shortcomings, understand the gap between them and the developed countries, and formulate the relevant policies. Let China's e-commerce continue to improve and innovate in the international trade, and find a suitable strategy for its own development. Relevant Chinese departments should actively and effectively participate in the construction of e-commerce. On the one hand, they can stabilize the status of e-commerce in the international trade, and on the other hand, they can expand the consumer groups and make the electronic goods better.展开更多
基金National Natural Science Foundation of China(Grant No.7167030951).
文摘This study examines the impact of communication on investors’trading frequency based on a unique dataset drawn from a Chinese social trading platform.We find robust evidence that real-account portfolio owners on the platform trade more frequently under the influence of the comments posted by their leaders(the owners of portfolios they have followed).Moreover,portfolio owners are more sensitive to the quantity than to the tone of leaders’comments.Finally,both trading frequency and leaders’comments negatively impact portfolio owners’future performance.Our find-ings support the notion that social interaction promotes active investment strategies.
文摘The 2019 CIFTIS(China International Fair for Trade in Service)themed on 'openness,innovation,wisdom and integration' has recently closed down in Beijing.This year CIFTIS has been upgraded to national exhibition and witnessed the signing of 440 project contracts with the total contract value of USD 105.06billion,a record high in the event history.There are 134 projects in foreign countries with total contract value of USD 17.55 billion.
文摘E-commerce is a new consumption mode, which develops rapidly and is welcomed by consumers. It also plays an important role in promoting the international trade. Through this analysis, we can understand that the influence of the e-commerce on the international market has both positive and negative aspects. We need to be aware of our shortcomings, understand the gap between them and the developed countries, and formulate the relevant policies. Let China's e-commerce continue to improve and innovate in the international trade, and find a suitable strategy for its own development. Relevant Chinese departments should actively and effectively participate in the construction of e-commerce. On the one hand, they can stabilize the status of e-commerce in the international trade, and on the other hand, they can expand the consumer groups and make the electronic goods better.
