A Probe into the High-Quality Development Path of China’s Financial Industry

Under the new economic normal,the financial industry plays an important role in the high-quality development of the national economy,which is conducive to promoting the development of a socialist market economy with Chinese characteristics,improving the financial system,laying a good foundation for the“Internet+”economic development,and promoting the stability and prosperity of the market economy.China’s financial industry should be based on the new economic normal,strengthen the risk control of the financial industry,and ensure the stability of the financial market;Further improve the inclusive finance business,alleviate the capital problems of small and medium-sized enterprises,and activate the vitality of the financial industry;Promote fintech innovation,adapt to market changes and technological progress of The Times,and improve the comprehensive competitiveness of China’s financial industry;Improve the financial supervision system,strengthen the supervision of the financial industry,standardize the development of the financial industry,and promote the high-quality development of the financial industry.

Impact of sustainability on financial distress in the air transport industry:the moderating effect of Asia–Pacific

The tremendous impact of the coronavirus pandemic on the global aviation industry has led to many cases of airline financial distress and bankruptcy.The Asia–Pacific region(APAC)contains more than half of the world’s population,and its airlines had the highest profit margin of any region.In this study,we investigate whether corporate sustainability practice can reduce the financial distress risk of air carriers,and,if so,what would the effect be in APAC?We first examine the relationship between environmental,social,and governance disclosure and the likelihood of financial distress of airlines as measured by the Altman Z″-score.Second,we analyze the moderating role of being an APAC airline in this relationship.The findings support the claim that implementing environmental actions may increase financial distress risk,and by improving social and governance activities,airlines can mitigate the risk of financial distress.The negative influence of the environmental pillar and the positive influence of the social pillar can be smaller for APAC airlines.Our study provides empirical evidence of the influence of environmental,social,and governance(ESG)on the likelihood of financial distress in the airline industry.Moreover,we analyze the moderating role of being an APAC airline in the relationship between sustainability and financial distress.This study has significant implications for executives,managers,and policymakers in the aviation industry on ESG strategy decisions and the general issue of sustainability.

Optimization of Corporate Financial Management from the Perspective of Industry-Finance Integration

Enterprises can enhance their financial management by integrating their business and financial departments,facilitating the seamless sharing of information and resources.This integrated management model not only aids in lowering operating costs but also boosts market competitiveness.In the contemporary,highly competitive business landscape,the amalgamation of business and finance has become a prerequisite for corporate development.This article delves into the significance of industry-finance integration in corporate financial management,scrutinizes existing challenges in corporate financial management,and puts forth tailored solutions to optimize the overall system.

The Impact of the“Belt and Road”Initiative on Industrial Structure Upgrading Along the Corridor

The“Belt and Road”initiative functions as a novel impetus for China’s external economic development within the framework of the new normal of economic growth.By leveraging panel data from 30 provinces and regions across China for the period of 2010 to 2020,this research assesses the influence of the“Belt and Road”initiative on the enhancement of the industrial structure along its trajectory.The findings indicate that:the most notable influence on the rationalization and progress of the industrial structure is observed in the eastern region,with the central region following suit,whereas the western region has yet to exhibit a significant transformation.The analysis delves into the role of technological innovation,concluding that the initiative primarily catalyzes optimization and upgrading through the effect of technological advancement.The study advances several pertinent policy recommendations to support and enhance these developments.

Exploring the moderating role of financial development in environmental Kuznets curve for South Africa:fresh evidence from the novel dynamic ARDL simulations approach

The extant literature has produced mixed evidence on the relationship between finan-cial development and ecological sustainability.This work addresses this conundrum by investigating financial development’s direct and indirect consequences on ecologi-cal quality utilizing the environmental Kuznets curve(EKC)methodological approach.Our empirical analysis is based on the novel dynamic autoregressive distributed lag simulations approach for South Africa between 1960 and 2020.The results,which used five distinct financial development measures,demonstrate that financial develop-ment boosts ecological integrity and environmental sustainability over the long and short terms.In the instance of South Africa,we additionally confirm the validity of the EKC theory.More importantly,the outcomes of the indirect channels demonstrate that financial development increases energy usage’s role in causing pollution while attenuating the detrimental impacts of economic growth,trade openness,and foreign direct investment on ecological quality.Moreover,the presence of an inadequate financial system is a requirement for the basis of the pollution haven hypothesis(PHH),which we examine using trade openness and foreign direct investment variables.PHH for both of these variables disappears when financial development crosses specified thresholds.Finally,industrial value addition destroys ecological quality while tech-nological innovation enhances it.This research provides some crucial policy recom-mendations and fresh perspectives for South Africa as it develops national initiatives to support ecological sustainability and reach its net zero emissions goal.

Resilience and Stability in Organizations Employing Cloud Computing in the Financial Services Industry

The services and solutions offered by cloud computing continue to grow, just as the number of organizations relying on the service. Cloud computing has become prevalent in the financial services industry, where 83% of financial services institutions identified cloud computing as a primary element of their infrastructure. Although there are specific benefits of cloud computing that organizations rely on such as access to critical services and lower costs, there is the possibility that cloud computing will create costs for organizations. The purpose of the study was to present an intensive review of the benefits and threats by investigating resilience and stability of the organizations in financial services industry that use cloud computing as their primary element of infrastructure. Data collected from the interview was used to answer original research questions, which are: How are organizations in the financial services industry resilient when faced with threats or losses associated with the use of cloud computing in their organization? How do organizations in the financial services industry maintain stability when faced with threats or losses associated with the use of cloud computing in their organization? The study supports the advancement of knowledge by identifying the threats and losses that occur due to the use of cloud computing, and organizations understand common threats and thus implement proper mitigation.

Research on financial support of the new energy industry

As it is known to all, the new energy industry plays an important in the economic transformation and structure adjustment of our country. The government attaches great importance to the development of the new energy industry. Particularly for the developing countries, to achieve rapid development require a lot of capital. However, there are some problems with finance in the development of the new energy industry. Based on the analysis, this paper puts forward some countermeasures.

Advancement in Science and Technology Enhanced the Growth of China's Electric Power Industry

Within the seven years’ period from 1987 to 1994. the total installed capacity of China’s electric power industry doubled from 100 GW to 200 GW. This high rate of growth has imposed new and more stringent requirements on all the branches in the

Analysis of Factors of the sports industry affected by the financial crisis and the development of countermeasures

The 2008 financial crisis on China＇ s economy has had a huge impact. And sports tourism, sports competitions, sporting goods industry, sports and fitness industry and other industries at the core of the sports industry are no exception, deeply affected by the financial crisis. Therefore, in-depth analysis of the current development of the sports industry, as well as explore the impact of the financial crisis on China＇ s sports industry and propose appropriate measures, has a very important practical significance.

DEVELOP SERIES PRODUCTS OF ROBOTS TO PROMOTE THE TECHNOLOGICAL ADVANCEMENT OF THE MANUFACTURING INDUSTRY

As a typical representative and main technicalmeans of advanced manufacturing technology,robotic technology plays an important role in raisingan enterpse’s engineering level, improving its prod-uct quality and productivity, and realizing civilizedproduction. Currently, there are nearly one millionrobots of various kinds, which are employed widelyin different fields of manufacturing industry. Robot-ics is now one of the high technologies, which arecompetitively developed by the developed coun-

The Impact of Global Financial Crisis on China Chemical Fiber Industry and Response Strategies (Part Ⅱ)

Prospects of Global Financial Crisis and Economic Crisis The widely spreading global financial crisis has halted the fast growth of world economy in five consecutive years,and heavily stricken the financial and economic sectors worldwide.It’s second only to the "Great Depression" in the 1930’s.Governments

The Impact of New Standard of Financial Instruments on Commercial Banks- A Case Study of Industrial and Commercial Bank of China

In July 2014,《International Financial Reporting Standard 9:Financial Instruments》(Referred to IFRS 9)was formally published. Compared to the former standard,《International Accounting Standard 39: Financial Instruments》(Referred to IAS 39), rules of two main aspects, the classification and measurement of financial assets and the impairment model of financial assets have been changed in IFRS 9. Taking ICBC as an example, this paper studies the impact of changes in financial instruments on commercial banks. The study shows three impacts on commercial banks’ financial report. Firstly, the changes of the classification and measurement of financial assets will have limited impacts on commercial banks. Secondly, the expected-loss model will significantly increase the loan loss reserves under the new standard, thus reducing the net asset and net profit. Thirdly, the change in the measurement way of the equity instruments of available-for-sale securities will increase the fluctuation of the net profit. This study shows investors and regulators the impact of the new standard of financial instruments on commercial banks.

China's Auto Industry Under the Financial Crisis

The global financial tsunami has swept the automobile industry and put major auto markets in the world at stake.The Ameri- can market is now between the beetle and the block,with both General Motors and Chrysler on the verge of reshuffling.The European market has seen a plunge in both car production and sales in many countries.Several big auto companies in Japan have suffered a slump in car sales both at home and abroad.China's economy is inevitably affected,on a relatively

The Role of External Auditor in Protecting the Financial Information Listed in the Financial Statements in the Jordanian Industrial Companies

This study aims to know the role of external auditor in protecting the financial information listed in the financial statements in the Jordanian industrial companies. The sample of this study consisted of 70 auditors who work for Jordanian industrial companies, whereas a questionnaire survey was designed and distributed to them. A total of 68 questionnaires were received that are valid for statistical analysis accounting for 97% of the overall distributed questiormaires; and the questionnaires have been analyzed using SPSS statistical software. The results of the study revealed that the external auditor uses the information technology in examining the financial information listed in the financial statements. Also, it was found that the external auditor is keen to ensure the credibility of the financial statements of the company. The study recommended the external auditor in the Jordanian industrial companies to be more interested in updating the company＇s electronic financial system.

The application of industrial accounting in corporate finance industry

In the increasingly fierce market competition, economic efficiency of enterprises is the fundamental for enterprise＇ s development and survival; accounting plays an important role in enterprise management. The appearance of accounting industry is to meet the economic needs of management within the organization and gradually developed, its main functions is to improve operating efficiency and to establish and provide a variety of data and information, such as internal management needs. Based on this, the paper makes an analysis about the role that industry accounting play for corporate financial management in China.

The Relationship between Financial Development and Industrial Restructuring --Based on Panel Data of 17 Areas of Shandong

Based on the Panel Data of Shan dong Province of 17 regions, by estimating varying coefficient models, studies the relationship between financial development and industrial structure.The results show that, on the whole, the financial development indicators-the scale and the efficiency can effectively promote industrial restructuring in all regions of Shandong province, but its role has obvious differences in different regions, so it can provide a basis for economic decision-making and financial policy advice.

The Study on the Economic Application of Financial Big Data

Big Data has become the focus of the Internet industry. With the development of various industries becoming more sophisticated, long-term accumulation of operational data, customer data displays exponential growth trend. The rapid development of financial big data both poses opportunities and challenges for financial industry and economic growth. This article explains the economic application of big data based on the perspective of economics.

China’s Economy in the Advanced Stage of Industrialization:Tendencies and Risks

In 2010, China entered the advanced stage of industrialization, which coincided with the country＇s entry into a new stage of economic growth. However, this transition is associated with major risks, including adapting to decelerating economic growth. While recognizing the move toward a service-based economy, China must seek to prevent the risk of ＂manufacturing hollowing out. ＂＇ It must also avoid the ＂technology upgrade trap＂ while taking advantage of increasingly sophisticated industrial structures. Efforts must also be made to： （1） promote the integration of lT tools and meet risks arising from the New Industrial Revolution; （2） resolve liability risks arising from capacity reduction; and （3） expedite the transition to a functional industrial policy and prevent the failure of a functional industrial policy. In climbing up the global value chain, China must confront the competitive pressures from advanced and emerging economies on both high- and low-end processes of the global value chain.

The web-based financial reporting adopted by the listed companies in the Athens Stock Exchange

Web-based corporate reporting is the provision of financial information through the Internet. Other companies prefer to disclose their financial information in order to satisfy their investors and to attract new ones while others prefer to provide as less information as possible. The purpose of this paper is twofold： first it provides a critical examination of the main reporting criteria followed by the Greek listed companies, in order to point out how many of these companies present these criteria. Second, it considers how the industry sector of the listed companies or their capitalization category is related with their disclosure degree of financial reporting.

Financial crisis and sustainable development of Chinese manufacturing industry

Sub-prime lending crisis has become an international fi nancial crisis, which is evolving into an economic recession sweeping across the West. Financial crisis leads to the demand reduction in western countries, and as the largest manufacturing country, China must face overproduction. The role of China as "world factory" determines that fi nancial crisis will severely attack Chinese manufacturing industry. The unsustainable development of Chinese manufacturing industry is mainly reflected in the following aspects: heavy dependence on export, low-level manufacturing link, lack of modern service industry and high-tech industry, weak independent innovative ability, unsustainable exploration of heavy-pollution resources, and lack of international famous brands. How to transform crisis to opportunities is an urgent research topic. Under the circumstance of financial crisis, Chinese manufacturing industry has more external drives to change the current situation. Therefore, financial crisis becomes not only an opportunity for Chinese manufacturing industry to improve itself based on the existing accumulation but also a chance for China to transform from "world factory" into a powerful nation of manufacturing industry in the world.