The Impact of Digital Finance on High-Quality Development of the Chengdu-Chongqing Economic Circle

This paper developed a comprehensive evaluation system that was able to quantify the levels of high-quality development across the cities within the Chengdu-Chongqing economic circle,and investigate the impact that digital finance had on the cities’high-quality development and the underlying mechanisms through which it achieved this.This comprehensive evaluation system was constructed using statistical data from these cities for the period 2014 to 2020 while also taking China’s high-quality development philosophy into account.The key findings revealed that:(a)Digital finance was able to significantly promote high-quality development in the Chengdu-Chongqing economic circle;(b)Digital finance had a significant positive effect in promoting innovative,coordinated,green,open,and shared development;(c)Digital finance was able to stimulate the high-quality development in the Chengdu-Chongqing economic circle by boosting entrepreneurial dynamism;(d)Digital finance had a significant impact on the high-quality development of the axis areas,while its impact was less discernible in non-axis areas.The insights from this research offer a deeper understanding of the factors that drive high-quality development,the role digital finance plays,and the mechanisms through which digital finance is able to propel high-quality development at the city cluster scale.

Does green finance drive high-quality economic development?-Based on empirical evidence from China

Green finance,as an important branch of modern finance,has far-reaching significance that is not limited to the financial sector.By promoting green investment and optimizing resource allocation,green finance plays a crucial role in reducing environmental pollution and carbon emissions.At the same time,it can also promote the quality of economic growth and achieve the harmonious development of economy,society and environment.Based on China's provincial panel data from 2008 to 2022,the direct impact and indirect transmission mechanism of green finance on high-quality economic development are analyzed by constructing a dynamic panel model and a mediation effect model.It is found that green finance not only directly promotes the high-quality development of the economy,but also indirectly promotes the sustainable and healthy growth of the economy through the transmission channel of technological innovation.This mediating effect of technological innovation is as high as 78.65%,which shows the close connection between green finance and high-quality economic development.In addition,the study also found that the direct promotion effect of green finance on high-quality economic development has significant regional heterogeneity.The results of this study suggest that when formulating relevant policies,it is necessary to fully consider the actual situation of each region and tailor them to the local conditions to ensure the in-depth promotion of green finance and the overall development of the economy.

Southwest China Finance and Economics university Population Research Institute

Tbe Poulation Ro arh Iste was esbhediah May 1979,with。esce staf of 12,incuding thee po-consists of four of cesspeialing in population theory,Rplin ad the eompoulot and popilation inforination.

The Emergence of Islamic Economics and Finance Education in Indonesia

Islamic banks and finance have appeared over the last two decades in Indonesia and been viewed as having significant growth in terms of numbers of new Islamic banks established in Indonesia. This enlargement is in line with high growth in Islamic economics and finance education. There exist various institutes and universities offering courses related to Islamic economics and finance including Islamic banks. This paper explains the growth and development of Islamic banking and financial industries from 1992 to the 21 st century in Indonesia in terms of education, trends, and challenges. However, the rapid development in the global financial markets poses various challenges to Islamic banking particularly in education of Islamic economics and finance in the present era. These issues and challenges need to be addressed very carefully in order to offer ideal human resources in Islamic banks and financial industries and sustain the rapid growth it experienced before. This paper highlights various developments, issues, and challenges confronting the Islamic banking and finance education system to offer recommendation for further improvement.

Subscribing to Finance and Trade Economics in 2010

Finance and Trade Economics(monthly) is sponsored by the Institute of Finance and Trade Economics,and directed by the Chinese Academy of Social Sciences.It is one of the oldest and most prestigious journals in economics in China,

Analyzing the Design and Promotion of Ideological and Political Content in Online Finance and Economics Courses

In the context of the new media age,the emergence and development of finance and economics courses along with online course resources have greatly enriched the presentation of teaching resources in colleges and universities.However,subjected to the flawed design and poor promotion of ideological and political contents,which are less popular,online finance and economics courses often do not reflect the meaning well or maximize the application of the courses’ideological and political reform.This paper explores the dilemma and reasons for the promotion of the courses’ideological and political content,in hope to provide suggestions for the design and promotion of ideological and political content in online finance and economics courses in colleges and universities.

Status of Finance and Economics Students’Identity with the Civics of their Major Courses and the Path to Enhance the Teaching Effect

Under the requirements of curriculum education in the new era,the need to integrate professional courses in the Civic Education has become more urgent.In this paper,Attention,Relevance,Confidence,and Satisfaction(ARCS)motivation model from the perspective of students is used to explore the problems in the implementation of Civic Education in accounting courses from the perspective of students’learning needs and motivation as well as the essential needs of Civic Education in the curriculum.We also propose countermeasures and suggestions to meet the requirements of teachers and colleges and universities,to help in building a“student-centered”teaching mode of curriculum thinking and government.

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Finance and Trade Economics (monthly) is sponsored bythe Institute of Finance and Trade Economics, and directedby the Chinese Academy of Social Sciences.It is one of theoldest and most prestigious journals in economics in China,featuring sound unification of both theoretical and empiricalresearch.Since 1980, FTE has presented vast

The Grey Correlation Analysis on the Relationship between the Rural Finance and the Rural Economical Growth in Sichuan Province

This paper analyzes the relationship between rural finance and the rural economy of Sichuan Province from 1999 to 2009 by using the sequential growth rate of the gross value of farming, forestry, animal husbandry and fishery and the sequential growth rate of the per capital total income of rural households as the indicators of rural economic development; and taking the volume of deposit, volume of credit, volume of agricultural credit and the credit volume of township enterprises as the indicators of rural financial development; as well as the method of grey correlation analysis. The results show that there is an obvious positive correlation between them, and the development of country finance has the closest connection with the sequential growth rate of farming, forestry, animal husbandry, sideline production and fishery. The loan scale of township enterprises has the biggest influence on the increase of the rural economy. The countermeasures are put forward, covering optimizing investment structure; supporting the development of township enterprises; encouraging loan; actively lightening the financial difficulties in the process of developing rural economy; innovating and exploring; and promoting the diversified development of rural finance.

Value of big data to finance:observations on an internet credit Service Company in China

Background:his paper presents a case study on 100Credit,an Internet credit service provider in China.100Credit began as an IT company specializing in e-commerce recommendation before getting into the credit rating business.The company makes use of Big Data on multiple aspects of individuals’online activities to infer their potential credit risk.Methods:Based on 100Credit’s business practices,this paper summarizes four aspects related to the value of Big Data in Internet credit services.Results:1)value from large data volume that provides access to more borrowers;2)value from prediction correctness in reducing lenders’operational cost;3)value from the variety of services catering to different needs of lenders;and 4)value from information protection to sustain credit service businesses.Conclusion:The paper also discusses the opportunities and challenges of Big Databased credit risk analysis,which needs to be improved in future research and practice.

Rural Financial Development and Rural Economic Efficiency Improvement Based on Granger Causality Test

Based on the co-integration test theory,Financial Interrelation Ratio(FIR),level of financial efficiency(LFE),level of financial development(LFD) and other indices evaluating the rural financial development are selected by Granger Causality Test.The rural loan balance(RLB),rural deposit balance(RDB),total rural output(TRO),fixed assets investment(FAI),Financial Interrelation Ratio(FIR),economic efficiency(EE),level of financial efficiency(LFE),and level of financial development(LFD) in the years 1979-2007 are collected.Graphical method intuitively reflects the development trend and historical track of relevant indices;and Granger Causality Test verifies the relationship between rural financial development level and rural economic efficiency in the years 1979-2007.Result shows that rural financial development level has significant impact on rural economic growth,but rural economic growth has no significant impact on rural financial development;and rural financial development also has insignificant promotion impact on rural economic efficiency.Thus,conclusions are obtained.Although rural financial development has made certain contribution to the development of rural economy,this kind of contribution is only reflected in total quantity,but not efficiency.Therefore,government should further strengthen the promotion function of financial development for economic efficiency,and gradually establish a virtuous circle system for rural finance and economic development.

Exploration of the problem and measures of financing of Small and Medium Enterprises under the sight of economic restructuring

This paper firstly analyzes status and financing behavior properties of SME, pointing out that the government has the responsibility and obligation to solve the financing problems of SMEs, and then analyzes the current situation of the reasons for SME financing and financing difficulties combined with the current economic situation, and finally comes up with specific measures from the establishment of the enterprise credit system, the establishment of small and medium financial institutions, expanding financing channels, increasing government support and accelerating the pace of restructuring and other aspects to solve the financing difficulties of SMEs.

Short-Term Financing of Economic Order Quantity （EOQ） Inventory Model With Probabilistic Quality

In this paper, the classical economic order quantity （EOQ） inventory model assumption that all items of a certain product received from a supplier are of perfect quality is relaxed. Another basic assumption that the payment for the items is made at the beginning of the inventory cycle when they are received is also eased. We consider an inventory situation where items received from the supplier are of two types of quality, perfect and imperfect, and a short deferral in payment is allowed. The split between perfect and imperfect quality items is assumed to follow a known probability distribution. Both qualities of items have continuous demands, and items of imperfect quality are sold at a discount. A mathematical model is developed using the net present value of all cash flows involved in the inventory cycle. A numerical method for obtaining the optimal order quantity is presented, and the impact of the short-term financing is analyzed. An example is presented to validate the equations and illustrate the results.

Exploring the Evolutionary Path of Digital Financial Inclusion in Guangdong Province,China

This study explores the development trajectory of digital financial inclusion in 21 cities in Guangdong Province through fuzzy-set qualitative comparative analysis(fsQCA).The findings emphasize that the success of digital financial inclusion goes beyond individual dimensions,forming a systematic initiative marked by multifaceted interaction among different disciplines.In the trajectory of high-level digital inclusive finance development,the study identifies economic prosperity and technological innovation as crucial elements,highlighting their centrality,and elucidates the synergistic collaboration between market mechanisms and government guidance.Furthermore,the study emphasizes the government’s pivotal role in supporting market mechanisms and guiding policies,highlighting the need to achieve a nuanced equilibrium in the digital financial inclusion strategy.In contrast,non-high-level development paths of digital inclusive finance show a spectrum of diversities,emphasizing the critical roles played by economic fundamentals,government regulation,market mechanisms,and other contextual factors in different trajectories.Regarding policy implications,the study emphasizes the comprehensive and systemic nature inherent in the development of digital inclusive finance.It proposes four policy recommendations,including integrating development strategies,emphasizing scientific and technological innovation and economic development,achieving a delicate balance between market mechanisms and government guidance,and providing precise policy support.These insights provide valuable lessons for shaping digital inclusive financial policies in Guangdong Province and beyond,offering profound insights for strategically constructing robust digital financial ecosystems.

岩溶碳汇产品价值实现路径研究

探索岩溶碳汇产品价值实现路径,有利于岩溶碳汇生态价值变现为经济价值,有利于“双碳”目标实现。论文通过文献综述回顾前人对岩溶碳汇产品相关研究,在此基础上利用重点监测法测算我国现有岩溶碳汇总量,按全国碳市场第一个履约周期成交均价对我国现有岩溶碳汇经济价值进行市场评估。基于岩溶碳汇广阔的市场发展前景,进一步探究岩溶碳汇产品市场化的条件,构建岩溶碳汇产品价值实现路径,提出推进岩溶碳汇产品价值实现的建议。建议构建科学规范的岩溶碳汇标准体系,创新发展碳金融以激活岩溶碳汇市场,推进岩溶碳汇交易试点示范,促进中国岩溶碳汇产品价值的实现。

The Impact of Digital Inclusive Finance on the Rural Economy in Anhui Province

Anhui Province is a major agricultural province in eastern China,and the development of rural economy plays an important role in improving the overall economic level of the province.In recent years,the extensive use of digital technologies and ongoing financial innovations have contributed to the rapid growth of digital inclusive finance in rural areas of Anhui,significantly reducing the lack of financial services in these regions.The main objective of this paper is to explore in depth how digital inclusive finance impacts the rural economy of Anhui Province and to provide practical policy recommendations based on these findings.

绿色金融创新、资源配置效率与中国式经济现代化

伴随“双碳”目标的深入推进,绿色金融创新已经成为推动中国式经济现代化的重要途径。文章采用2012—2022年中国284个地级及以上城市样本,实证检验绿色金融创新对中国式经济现代化的影响效应,并分析资源配置效率在二者之间的中介效应。结果表明:绿色金融创新可显著促进中国式经济现代化发展,资源配置效率在绿色金融创新对中国式经济现代化的影响中具有正向中介效应。异质性检验发现,绿色金融创新对中国式经济现代化的推动作用存在明显的地区异质性,表现出东部地区>西部地区>中部地区的特征;绿色金融创新对经济绿色现代化的促进作用较强,对经济开放现代化的推动作用较弱。对此,应建设绿色金融创新高地、提升要素资源配置效率和因地制宜地推动绿色金融创新发展。

基建融资错配与“重生产轻消费”下的经济运行态势分析——展望中国经济增长新周期

中国经济潜在需求和供给大,长期增长潜力巨大,但目前面临基建融资错配与“重生产轻消费”两大基础性问题,导致实际经济增速低于潜在水平。必须尽快通过进一步全面深化改革解决这两大问题,才能确保到2035年基本实现现代化。基建融资错配指的是基建投资的长期资产与短期要还款的负债不匹配,迫使地方政府在短期内需筹措足够财政资金以偿还到期债务,引致经济收缩;“重生产轻消费”指的是地方政府长期重投资、重生产、重供给、轻消费、轻需求的偏好,导致重复投资、产能过剩、产业迭代缓慢等一系列问题。党的二十届三中全会和2024年中央经济工作会议已经明确提出调整改革的方向,各部门和地方政府亟须加力加快落地实施具体改革政策,包括全面取消房地产限购,争取在三年内彻底解决地方债问题,短期内扩大消费补贴力度和范围,构建充分重视消费和需求的管理体制。

动态环境下代际传承对债务融资的影响

大多数中国家族企业正处在创一代和接班二代交接班的关键节点,这对企业的债务融资决策会产生重要影响。本文以利用2010—2022年中国A股上市家族企业为研究样本,基于代理理论和资源依赖理论,探讨代际传承对债务融资的影响以及内外动态环境对这一关系产生的作用。实证检验发现:二代管理权涉入通过降低企业风险促进了债务融资;家族控制对二代管理权涉入促进债务融资的作用具有增强效应,经济政策不确定性对二代管理权涉入促进债务融资的作用具有削弱效应;当经济政策不确定性较低时,家族控制增强了二代管理权涉入对债务融资的促进效应;经济政策不确定性较高时,这一效应并不存在;进一步研究发现,缺少政治关联和处在竞争激烈行业的家族企业的二代管理权涉入显著促进了债务融资。本文认为家族企业应提高二代权力地位、强化家族控制以及密切关注政策变化,以此改善企业融资环境,促使家族企业长期发展。