Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system ...Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system inChina, the exchange rate mechanism of Renminbi must bethoroughly transformed. To accomplish this goal, I believethere are three problems that must be solved: first,展开更多
Market construction Overview In 2009, the electric power market expanded continuously. New installed capacity put into production within the coverage of the State Grid Corporation
On September 11, 2007, Qi Xiufen, Director of the International Department of the General Administration of Quality Supervision, Inspection and Quarantine of China (AQSIQ), published the China Annual Report on Tec... On September 11, 2007, Qi Xiufen, Director of the International Department of the General Administration of Quality Supervision, Inspection and Quarantine of China (AQSIQ), published the China Annual Report on Technical Barriers to Trade.Wang Nini, Director of the Standard, Law and Regulation Center of AQSIQ, gave a detailed explanation of the contents of the report.……展开更多
According to the 2019 annual report of China's Paper Industry by China Paper Association(CPA),in 2019,there were about 2700 paper&board manufacturers in China's Mainland.The total production of paper&b...According to the 2019 annual report of China's Paper Industry by China Paper Association(CPA),in 2019,there were about 2700 paper&board manufacturers in China's Mainland.The total production of paper&board was 107.65 million tons,increased by 3.16%and the total consumption was 107.04 million tons,increased by 2.54%compared with 2018,respectively,paper&board per capita consumption was 75 kg(counted in 1.4 billion people).This report includes a rather elaborate analysis of the China's paper industry and is provided for the readers'reference.展开更多
Ⅰ. ACADEMIC ASSIGNMENTS ACHIEVED 1. Hosted Key State-entrusted Consultancy Projects: (1) Completion of the advisory service which had been set for the national Eighth Five-year Plan entrusted by the national authorit...Ⅰ. ACADEMIC ASSIGNMENTS ACHIEVED 1. Hosted Key State-entrusted Consultancy Projects: (1) Completion of the advisory service which had been set for the national Eighth Five-year Plan entrusted by the national authorities. (2) Achievement of the consultancy work for key programs of basic research also entrusted by展开更多
Ⅰ. A REVIEW OF OUR WORK FROM 1994 TO 1996 1. Entrusted by the CPC central committee and the State Council, our Division completed its counseling assignments to the "Decision on Speeding up China’s S&T Progr...Ⅰ. A REVIEW OF OUR WORK FROM 1994 TO 1996 1. Entrusted by the CPC central committee and the State Council, our Division completed its counseling assignments to the "Decision on Speeding up China’s S&T Progress Jointly Decreed by the Party’s Central Committee and the State Council," "An Outlined Report on the Train of Thought for Devising S&T Development in the National Ninth Five-year Plan & the Long-term Scheme for National S&T Development up to 2010," "The Ninth Five-year Plan and Long-term Scheme for National S&T(?)展开更多
According to statistics,the total production of pulp,paper&board,and paper products was 280.21 million tons in 2021,increased by 9.89%compared with 2020.In which,the production of paper&board was 121.05 millio...According to statistics,the total production of pulp,paper&board,and paper products was 280.21 million tons in 2021,increased by 9.89%compared with 2020.In which,the production of paper&board was 121.05 million tons,increased by 7.50%;the production of pulp was 81.77 million tons,increased by 10.83%;the production of paper products was 77.39 million tons,increased by 12.81%.The industry's operating income was RMB 1.50 trillion,increased by 14.74%;the total profit was RMB 88.5 billion,increased by 6.92%compared with 2020.展开更多
Based on Martin’s theory of appraisal and a self-built corpus of the chairman’s speech in Huawei’s 2020 annual report,this paper explores the expressions and translation strategies of the attitudes in the speech.It...Based on Martin’s theory of appraisal and a self-built corpus of the chairman’s speech in Huawei’s 2020 annual report,this paper explores the expressions and translation strategies of the attitudes in the speech.It is found that Huawei’s corporate image shaped by its annual report speech is characterized by progressive,people-oriented,and customer-oriented characteristics.These characteristics are not only related to the actions of Huawei itself,but also related to the application of translation strategies and methods by translators.Annual report speech is an important part of the company’s self-image publicity.Translators should try to use the same type of words to express explicit attitudes in the speech,so as to improve the social recognition of the annual report speech.展开更多
At the regular news press held by China Council for the Promotion of International Trade(CCPIT) held on September 22,China Academy of Arbitration Law officially published China International Commercial Arbitration Ann...At the regular news press held by China Council for the Promotion of International Trade(CCPIT) held on September 22,China Academy of Arbitration Law officially published China International Commercial Arbitration Annual Report (2014).This is the first report released展开更多
On the evening of March 8th,Innuovo released its annual report,in which,business income grew steadily,and net profits soared a lot over the same period.The annual report on annual board of directors in 2017 is as foll...On the evening of March 8th,Innuovo released its annual report,in which,business income grew steadily,and net profits soared a lot over the same period.The annual report on annual board of directors in 2017 is as follows:1.An overview In 2017,the trend of global economic recovery was obvious.展开更多
On April 14,2009,the State Grid Corporation of China (SGCC) held the press conference in Beijing on electricity market transactions and then released the "2008 Annual Report of SGCC on Electricity Market Transact...On April 14,2009,the State Grid Corporation of China (SGCC) held the press conference in Beijing on electricity market transactions and then released the "2008 Annual Report of SGCC on Electricity Market Transactions".展开更多
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 year...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.展开更多
Ⅰ. TWO YEARS’ WORK IN RETROSPECT 1. The 1955 By-election of CAS Membership At the annual session of the standing committee of our Division held in July 1995, some problems concerning the by-election were discussed. ...Ⅰ. TWO YEARS’ WORK IN RETROSPECT 1. The 1955 By-election of CAS Membership At the annual session of the standing committee of our Division held in July 1995, some problems concerning the by-election were discussed. At the meeting, a resolution on the "Methods for appraisal and election of candidates of CAS membership for technological sciences" was examined and adopted,in addition to a plenary decision on some other matters. At another plenary session of the展开更多
specific groups such as women,children,ethnic minorities,the elderly,and persons with disabilities are facing special difficulties in exercising their rights The protection of their rights is an important part of the ...specific groups such as women,children,ethnic minorities,the elderly,and persons with disabilities are facing special difficulties in exercising their rights The protection of their rights is an important part of the development of China’s human rights cause The Annual Report on China’s Human Rights have outlined the tremendous achievements China has made in protecting the rights of specific groups over the past ten years It also reflects that all human rights actors have born fruitful results of innovation in values,legal systems,paths for practice,and international cooperation of rights protection,which will continue to inspire and en courage people to participate in the common cause of human rights protection.展开更多
Ⅰ.THE WORK DONE BY THE DIVISION 1. New CAS Members Elected (1)Among the 10CAS members elected in 1993 by this Division, only one was younger than 60 years in age So, the Division’s standing committee repeatedly stre...Ⅰ.THE WORK DONE BY THE DIVISION 1. New CAS Members Elected (1)Among the 10CAS members elected in 1993 by this Division, only one was younger than 60 years in age So, the Division’s standing committee repeatedly stressed that younger candidates to be elected into its membership, specifically demanding that the proportion of candidates at or younger than 60 shouldn’t be less than one-third in the namelists of both valid candidates for the by-election and the candidates for its primaries. The deci-展开更多
Ⅰ. BASICS OF THE DIVISION’S INFRASTRUCTURE In line with the stipulations of the Constitution of CAS Membership, we elected 20 new CAS members in 1993 and 1995. So, our Division now has a total of 102 CAS members, di...Ⅰ. BASICS OF THE DIVISION’S INFRASTRUCTURE In line with the stipulations of the Constitution of CAS Membership, we elected 20 new CAS members in 1993 and 1995. So, our Division now has a total of 102 CAS members, distributed in 15 provinces and municipalities and in 13 governmental departments. On average, the membership is 71.28 years old, including 26 older than 80, 58 between 61 and 79 and 15 at or younger than 60 years old. At the Seventh Congress of the CAS Membership held in 1994, there were 17 of our Division members elected to its standing committee. Of展开更多
Against the background of China’s strengthening of finance and accounting supervision,this study examines the practice among listed companies of changing signing auditors at the last minute and explores whether Chine...Against the background of China’s strengthening of finance and accounting supervision,this study examines the practice among listed companies of changing signing auditors at the last minute and explores whether Chinese investors can capture this information in a timely manner.We find that China’s capital market responds significantly negatively to these last-minute changes,implying that investors perceive a potential negative impact of this behavior.Crosssectional analyses suggest that the characteristics of the change event,recent corporate events,and accounting firm capability significantly affect the stock price response.Furthermore,in terms of the individual characteristics of signing auditors,external investors appear to comprehensively consider busyness level,industry experience,and the timing of the change to determine the causes and effects of the auditor change and make different market reactions accordingly.In addition,consistent with investor perceptions,we find that last-minute changes significantly impair the quality of financial statements,indicating that external investors’judgments based on information about changes in signing auditors are rational and effective.展开更多
Annual reports are the main sources of information for outside investors' investment decisions and enable shareholders to supervise the management.Difficulties with the readability of these reports may therefore h...Annual reports are the main sources of information for outside investors' investment decisions and enable shareholders to supervise the management.Difficulties with the readability of these reports may therefore have serious consequences. Using 19,221 firm-year observations of Chinese A-share listed firms from 2001 to 2015, we investigate the association between annual report readability and corporate agency costs, where readability is proxied by report file length and/or file size. We find that firms with better annual report readability experience lower agency costs, and the negative association between readability and agency costs is more pronounced in firms with higher external audit quality, internal control quality or analyst coverage. These results hold after several robustness checks. The positive effect of annual report readability is stronger in private firms than in state-owned enterprises, and becomes stronger after the implementation of new accounting standards in 2007. Readable annual reports can help in monitoring corporate insiders' opportunistic behavior and thus reduce agency costs.展开更多
文摘Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system inChina, the exchange rate mechanism of Renminbi must bethoroughly transformed. To accomplish this goal, I believethere are three problems that must be solved: first,
文摘Market construction Overview In 2009, the electric power market expanded continuously. New installed capacity put into production within the coverage of the State Grid Corporation
文摘 On September 11, 2007, Qi Xiufen, Director of the International Department of the General Administration of Quality Supervision, Inspection and Quarantine of China (AQSIQ), published the China Annual Report on Technical Barriers to Trade.Wang Nini, Director of the Standard, Law and Regulation Center of AQSIQ, gave a detailed explanation of the contents of the report.……
文摘According to the 2019 annual report of China's Paper Industry by China Paper Association(CPA),in 2019,there were about 2700 paper&board manufacturers in China's Mainland.The total production of paper&board was 107.65 million tons,increased by 3.16%and the total consumption was 107.04 million tons,increased by 2.54%compared with 2018,respectively,paper&board per capita consumption was 75 kg(counted in 1.4 billion people).This report includes a rather elaborate analysis of the China's paper industry and is provided for the readers'reference.
文摘Ⅰ. ACADEMIC ASSIGNMENTS ACHIEVED 1. Hosted Key State-entrusted Consultancy Projects: (1) Completion of the advisory service which had been set for the national Eighth Five-year Plan entrusted by the national authorities. (2) Achievement of the consultancy work for key programs of basic research also entrusted by
文摘Ⅰ. A REVIEW OF OUR WORK FROM 1994 TO 1996 1. Entrusted by the CPC central committee and the State Council, our Division completed its counseling assignments to the "Decision on Speeding up China’s S&T Progress Jointly Decreed by the Party’s Central Committee and the State Council," "An Outlined Report on the Train of Thought for Devising S&T Development in the National Ninth Five-year Plan & the Long-term Scheme for National S&T Development up to 2010," "The Ninth Five-year Plan and Long-term Scheme for National S&T(?)
文摘According to statistics,the total production of pulp,paper&board,and paper products was 280.21 million tons in 2021,increased by 9.89%compared with 2020.In which,the production of paper&board was 121.05 million tons,increased by 7.50%;the production of pulp was 81.77 million tons,increased by 10.83%;the production of paper products was 77.39 million tons,increased by 12.81%.The industry's operating income was RMB 1.50 trillion,increased by 14.74%;the total profit was RMB 88.5 billion,increased by 6.92%compared with 2020.
文摘Based on Martin’s theory of appraisal and a self-built corpus of the chairman’s speech in Huawei’s 2020 annual report,this paper explores the expressions and translation strategies of the attitudes in the speech.It is found that Huawei’s corporate image shaped by its annual report speech is characterized by progressive,people-oriented,and customer-oriented characteristics.These characteristics are not only related to the actions of Huawei itself,but also related to the application of translation strategies and methods by translators.Annual report speech is an important part of the company’s self-image publicity.Translators should try to use the same type of words to express explicit attitudes in the speech,so as to improve the social recognition of the annual report speech.
文摘At the regular news press held by China Council for the Promotion of International Trade(CCPIT) held on September 22,China Academy of Arbitration Law officially published China International Commercial Arbitration Annual Report (2014).This is the first report released
文摘On the evening of March 8th,Innuovo released its annual report,in which,business income grew steadily,and net profits soared a lot over the same period.The annual report on annual board of directors in 2017 is as follows:1.An overview In 2017,the trend of global economic recovery was obvious.
文摘On April 14,2009,the State Grid Corporation of China (SGCC) held the press conference in Beijing on electricity market transactions and then released the "2008 Annual Report of SGCC on Electricity Market Transactions".
文摘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.
文摘Ⅰ. TWO YEARS’ WORK IN RETROSPECT 1. The 1955 By-election of CAS Membership At the annual session of the standing committee of our Division held in July 1995, some problems concerning the by-election were discussed. At the meeting, a resolution on the "Methods for appraisal and election of candidates of CAS membership for technological sciences" was examined and adopted,in addition to a plenary decision on some other matters. At another plenary session of the
文摘specific groups such as women,children,ethnic minorities,the elderly,and persons with disabilities are facing special difficulties in exercising their rights The protection of their rights is an important part of the development of China’s human rights cause The Annual Report on China’s Human Rights have outlined the tremendous achievements China has made in protecting the rights of specific groups over the past ten years It also reflects that all human rights actors have born fruitful results of innovation in values,legal systems,paths for practice,and international cooperation of rights protection,which will continue to inspire and en courage people to participate in the common cause of human rights protection.
文摘Ⅰ.THE WORK DONE BY THE DIVISION 1. New CAS Members Elected (1)Among the 10CAS members elected in 1993 by this Division, only one was younger than 60 years in age So, the Division’s standing committee repeatedly stressed that younger candidates to be elected into its membership, specifically demanding that the proportion of candidates at or younger than 60 shouldn’t be less than one-third in the namelists of both valid candidates for the by-election and the candidates for its primaries. The deci-
文摘Ⅰ. BASICS OF THE DIVISION’S INFRASTRUCTURE In line with the stipulations of the Constitution of CAS Membership, we elected 20 new CAS members in 1993 and 1995. So, our Division now has a total of 102 CAS members, distributed in 15 provinces and municipalities and in 13 governmental departments. On average, the membership is 71.28 years old, including 26 older than 80, 58 between 61 and 79 and 15 at or younger than 60 years old. At the Seventh Congress of the CAS Membership held in 1994, there were 17 of our Division members elected to its standing committee. Of
基金support from the National Natural Science Foundation of China(Grants No.72362023 and No.72062020)Social Science Foundation for Youth of Jiangxi Province(Grant No.23GL31)Jiangxi University of Finance and Economics“Class A”Discipline Innovation Team(Capital Market Financial Behavior Innovation Team).
文摘Against the background of China’s strengthening of finance and accounting supervision,this study examines the practice among listed companies of changing signing auditors at the last minute and explores whether Chinese investors can capture this information in a timely manner.We find that China’s capital market responds significantly negatively to these last-minute changes,implying that investors perceive a potential negative impact of this behavior.Crosssectional analyses suggest that the characteristics of the change event,recent corporate events,and accounting firm capability significantly affect the stock price response.Furthermore,in terms of the individual characteristics of signing auditors,external investors appear to comprehensively consider busyness level,industry experience,and the timing of the change to determine the causes and effects of the auditor change and make different market reactions accordingly.In addition,consistent with investor perceptions,we find that last-minute changes significantly impair the quality of financial statements,indicating that external investors’judgments based on information about changes in signing auditors are rational and effective.
基金support from the Chinese National Science Funds(Grant Nos.71790602 and 71572160)
文摘Annual reports are the main sources of information for outside investors' investment decisions and enable shareholders to supervise the management.Difficulties with the readability of these reports may therefore have serious consequences. Using 19,221 firm-year observations of Chinese A-share listed firms from 2001 to 2015, we investigate the association between annual report readability and corporate agency costs, where readability is proxied by report file length and/or file size. We find that firms with better annual report readability experience lower agency costs, and the negative association between readability and agency costs is more pronounced in firms with higher external audit quality, internal control quality or analyst coverage. These results hold after several robustness checks. The positive effect of annual report readability is stronger in private firms than in state-owned enterprises, and becomes stronger after the implementation of new accounting standards in 2007. Readable annual reports can help in monitoring corporate insiders' opportunistic behavior and thus reduce agency costs.
