The status and development strategy of coalbed methane industry in China

To achieve the goals of carbon peaking and carbon neutrality under the backgrounds of poor resource endowments, weak theoretical basis and other factors, the development of the coalbed methane industry of China faces many bottlenecks and challenges. This paper systematically analyzes the coalbed methane resources, key technologies and progress, exploration effect and production performance in China and abroad. The main problems are summarized as low exploration degree, low technical adaptability, low return on investment and small development scale. This study suggests that the coalbed methane industry in China should follow the “two-step”(short-term and long-term) development strategy. The short-term action before 2030, can be divided into two stages:(1) From the present to 2025, to achieve new breakthroughs in theory and technology, and accomplish the target of annual production of 10 billion cubic meters;(2) From 2025 to 2030, to form the technologies suitable for most geological conditions, further expand the industry scale, and achieve an annual output of 30 billion cubic meters, improving the proportion of coalbed methane in the total natural gas production. The long-term action after 2030 is to gradually realize an annual production of 100 billion cubic meters. The strategic countermeasure to achieve the above goals is to adhere to “technology+management dual wheel drive”, realize the synchronous progress of technology and management, and promote the high-quality development of the coalbed methane industry. Technically, the efforts will focus on fine and effective development of coalbed methane in the medium to shallow layers of mature fields, effective development of coalbed methane in new fields, extensive and beneficial development of deep coalbed methane, three-dimensional comingled development of coalbed methane, applying new technologies such as coalbed methane displacement by carbon dioxide, microwave heating and stimulation technology, ultrasonic stimulation, high-temperature heat injection stimulation, rock breaking by high-energy laser. In terms of management, the efforts will focus on coordinative innovation of resource, technology, talent, policy and investment, with technological innovation as the core, to realize an all-round and integrated management and promote the development of coalbed methane industry at a high level.

Empirical Analysis of the Impact of Green Finance and Technological Progress on Total Factor Productivity in China’s Industrial Sector

The enhancement of industrial green total factor productivity is pivotal for achieving high-quality and sustainable economic development.This study assesses China’s performance using the SBM-GML model,employing province-level panel data spanning from 2004 to 2020.Furthermore,we examine the influence of green finance and technological progress on industrial green total factor productivity using a spatial econometric model.The findings uncover that the relationship between the level of green financial development and industrial green total factor productivity follows a U-shaped curve.Initially,low levels of green financial development exert a suppressive effect on industrial green total factor productivity,proving ineffective in the short term.However,with the progression of green finance development,a positive and significant long-term impact on industrial green total factor productivity emerges.Moreover,technological progress demonstrates a noteworthy promotional effect on industrial green total factor productivity.The analysis delves deeper into revealing that industrial structure and environmental regulation intensity exhibit a significant negative relationship with industrial green total factor productivity.In contrast,both energy structure and education level showcase a substantial positive relationship with industrial green total factor productivity.

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.

A Mechanism for Digital Finance to Drive Green and Low-Carbon Development

Given the global focus on green and low-carbon development and the increasing prominence of digital finance,it is particularly important to explore how to leverage digital finance to achieve these environmental goals.This study,through mechanism analysis,deeply examines how China’s digital finance promotes green and low-carbon development and elucidates the positive interaction between digital finance and the green industry.The study found that digital finance,through more flexible and efficient financial functions,alters the cost structure of carbon emissions,and reduces the risks and costs of green investments,thereby creating a cooperative green mechanism benefiting all parties,and guiding social groups toward a green and low-carbon transformation.Additionally,the rapid development of digital finance has strengthened the implementation of environmental protection policies,effectively promoted the expansion of the environmental protection industry,and established the green ethos as a mainstream concept in financial development.This study aims to provide reference perspectives and suggestions,assist policymakers in promoting the green and lowcarbon development of digital finance,and offer insights into the integrated development of digital finance and the green environmental protection industry.

Research on the Combination Mode of Modem Product and Industrial Design under the Green Design Background

In this paper, we conduct research on the combination mode of the modern product and the industrial design under the green design background. Our enterprises must set up the industrial design as the basis of the new mechanism, treatment of product, enterprise and market to trinity, cannot be indifferent to a certain aspect, to every aspect, to attach importance to technology, hard management talents, on the basis of industrial designers should play the role of soft energetically. Industrial design should have good adhesive property, product, enterprise and market more harmonious, more closely linked, creation of the technical performance, reasonable internal structure, a novel appearance, low production cost, a profound cultural products, for the enterprise to bring the most lucrative business profits, and make the market more prosperous more standardized. Under this background, we propose the novel combination pattern that holds special meaning.

Improving Investment and Financing Mechanism, Speeding up the Energy Reform Process-Interpretation to Implementing Opinions on Deepening Reform of Investment and Financing System in Energy Industry

Under the context of economic transformation and upgrading and the continued advancement of supplyside reforms in China, the development of the energy industry is confronted with many problems and challenges, such as insufficient energy investment, a shortage of financing channels,and the low participation of social capital. In order to fully mobilize social capital to invest in energy, enhance energy investment efficiency, expand energy financing channels,and increase the vitality of the energy industry, the state has recently issued the Implementing Opinions on Deepening the Reform of Investment and the Financing System in the Energy Industry( "Opinions"). This paper provides a deep interpretation of this document from the perspectives of the background for the investment and financing system reform in the energy industry,the main content of the reform, the problems and challenges confronting the reform,and the expected effects from the reform, and analyzes the objectives, ideas and problems of the reform, in order to effectively promote the investment and financing system reform in the energy industry.

Research on the Impact of Chinese Digital Inclusive Finance on Industrial Structure Upgrade—Based on Spatial Dubin Model

Based on the panel data of 30 provinces, municipalities, and autonomous regions in China from 2011 to 2018, this paper uses the digital inclusive financial index and industrial structure upgrading coefficient of the Internet Research Center of Peking University as the core explanatory and explained variables to construct a spatial panel. Bin model performs regression analysis on the effect of digital inclusive finance in the upgrading of industrial structure. The results prove that the development of digital inclusive finance in this province and city has significantly promoted the upgrading of the regional industrial structure, and it has a positive overall effect on the upgrading of industrial structure.

The Impact of Green Finance on the Ecologicalization of Urban Industrial Structure-Based on GMM of Dynamic Panel System

Although a number of studies have been published in the general area on various factors affecting the ecologicalization of urban industrial structure,little work has been carried out for empirical studies quantitatively analyzing the relevance between green finance development and the ecologicalization of urban industrial structure.Therefore,based on a comprehensive index of green finance development,this research employs panel data of target cities1 for the period 2012–2020 to explore the influence of green finance on the ecologicalization of urban industrial structure.The empirical results show that green finance development significantly improves the ecologicalization level of urban industrial structure.In addition,it is found that green finance plays a stronger role in promoting the ecologicalization of industrial structure in economically developed regions than in economically underdeveloped regions2.The research results can provide a valuable policy reference for urban green financial market planning and green product innovation.

China＇s Electricity Industry at the Crossroads： New Challenges for Developing the Right Model of Regulation

China is facing important challenges stemming from increasing rates of urbanization and aging population. To pursue its ＂harmonious society＂ objective without disrupting its path to development major overhauls are necessary in education, health, social security and above all in public services, particularly in electricity. China＇s electricity industry is at the crossroads. To meet the challenges, new models of regulation should be developed and applied. This paper examines the current state of the Chinese electricity industry and the burden it imposes on its public finances. It also reviews and critically examines the existing FIT （Europe） and RPS （USA） models of regulation and of promotion of renewable energies and advances on whether they are advantageous for China. It is argued that the electricity industry has already undergone important reforms but cross subsidies still exist, equivalent to 1.5% of China＇s GDP. Drastic rate rebalancing policies will create sustainability problems and a deterioration of China＇s public finances. To avoid such negative results, China has to further reform its electricity industry gradually and use wisely FIT-type programs to bring renewables into the grid and fulfill the Kyoto Protocol

数字普惠金融、产业结构升级与中国OFDI

作为“走出去”战略的重要驱动力,数字普惠金融与中国对外直接投资(OFDI)相结合有助于中国海外投资的高质量发展。本文基于2011—2020年30个省份的面板数据考察了数字普惠金融影响中国OFDI的效应,并通过中介效应和调节效应探究数字金融对OFDI的作用机制。研究结果表明:数字金融的发展显著促进了中国OFDI的规模扩大;从机制来看,数字金融发展通过影响产业结构进而影响中国OFDI,同时,政府财政支持在数字金融促进OFDI增长的过程中起正向调节作用;分区域来看,相较于中西部地区,东部地区数字金融发展对中国OFDI具有更强的促进作用。研究结论对于在新发展格局下中国更好地实现外循环具有一定的启示,并为数字金融与各行业的深化融合提供了新的思路和视角。

Analysis on The In？ uence of Regional Financial Development to The Upgrading of Regional Industrial Structure

This paper mainly introduces the regional , nance in detail,points out that the goal of industrial structure is more reasonable and advanced,expounds the influence of regional financial development on the upgrading of regional industrial structure,puts forward some suggestions for regional financial development to further promote the upgrading of the structure.

Discussion on Industry Chain Financing Promoting International Competitiveness of China's Agriculture

Industry chain financing,also known as supply chain financing,is a kind of financial innovation in production and transaction emerging from the 1990 s. Recent years,industry chain financing has gradually permeated in agriculture. As one of the major agricultural countries in the world,China should still make great endeavor in satisfying domestic requirement of agricultural products and improving international competitiveness. Based on the empirical and feasible analysis of agricultural industry chain financing,this article emphasizes on the new mode of industry chain financing and puts forward some related policy suggestions to discuss how to quicken agricultural development with financial support as well as promote international competitiveness of China's agriculture.

PROFIBUS与Industrial Ethernet在自动化系统中的应用

介绍了PROFIBUS与Industrial Ethernet在整套自动化系统中的应用,两者的结合使用在提高自动化系统的稳定性的同时,节约成本,便于维护。

The Risks of Financing Energy in Turkey: Heading for a Rocky Road

After the implementation of Energy Efficiency Law (EEL) in Turkey, Turkish engineering firms show considerable interest in energy savings projects. There is a growing sign of an energy effi- ciency implementation in Turkey. However, energy importation costs of Turkey still present a challenge leading to huge financial burdens. This paper explores the energy financing in Turkey and the likelihood of risks after the establishment of structural reforms. The so-called structural problems on the agenda of Turkey are emphasized during the crisis. Actually, global crisis affected the lending conditions herein counterparty risk and restricted the relations of enterprises and banks. In this study, it is argued that there are strong barriers for the future energy saving industry in Turkey made up of macro-economic, micro-economic and financial risks coming through both domestic and global means.

Discussion on Consumer Credit Business of Traditional Commercial Banks under Internet Finance

With the advent and development of the information age,the Internet has become the current advancement in all walks of life.The popularization of e-commerce also gives birth to Internet finance.The emergence of consumer credit businesses such as“Yu‘ebao”and“Huabei”has put great pressure on the consumer credit business of traditional commercial Banks.Under the background of Internet finance,in order to promote the development of commercial Banks’consumer credit business,it is necessary to strengthen the innovation of commercial Banks’consumer credit business and meet the development demand of the current information age.

Analysis of Solvency of A-Share Listed Companies in China’s Real Estate Industry

The real estate industry is a capital-intensive industry and capital has become a particular concern for real estate enterprises.For a long time,China’s real estate enterprises rely on high-leverage development and carry out high-debt and high-risk operations.The solvency of real estate enterprises has been the focus of stakeholders’attention.In August 2020,China’s regulatory authorities introduced new financing regulations for real estate enterprises.They set up“three red lines,”which brought real estate enterprises’solvency into focus once again.This article takes A-share listed companies in China’s real estate industry as an example,analyzes and evaluates its debt solvency,and gives suggestions based on new policies and regulations,hoping to provide specific references to the enterpriser’s manager and external decision-makers.

科技—产业—金融循环的逻辑解构与政策启示

推动科技—产业—金融良性循环是实现高水平科技自立自强和高质量发展的核心命题。在梳理科技—产业—金融循环理论源流和研究文献基础上,基于创新经济学基本原理,对科技—产业—金融循环的内在逻辑进行研究。在理论逻辑层面,研究科技—产业—金融循环的基本范畴和核心要义。在历史逻辑层面,从国际实践中提炼促进科技—产业—金融良性循环的价值匹配与互动规律,总结科技—产业—金融循环关系的新变化。在现实逻辑层面,挖掘制约我国科技—产业—金融良性循环的主要堵点与原因。基于此,面向建设金融强国,从深化改革、制度设计、资源支持、平台建设、创新服务、全球生态等方面提出启示建议。

绿色金融能否赋能中国式现代化产业体系建设?——基于制造业服务化视角

基于2002-2021年中国30个省(区、市)的面板数据,从制造业服务化视角入手尝试探讨绿色金融对我国现代化产业体系建设的赋能效应。研究发现,绿色金融对制造业服务化影响呈现先抑制后促进的U形关系,且表现出要素禀赋、产业结构以及市场化程度的异质性特征。同时,受绿色技术创新和环境规制调节效应的影响,绿色金融可提前跨越拐点,赋能制造业服务化。鉴于此,应有重点、分阶段及分区域地加快推进绿色金融发展,推动企业绿色技术创新,并加强环境规制,助力绿色金融赋能中国式现代化产业体系建设。

产业政策促进企业创新的传递机制与情境条件——来自沪深A股上市公司的经验证据

近年来,随着中国企业逐渐接近技术创新的前沿,技术追赶的空间被进一步压缩,经济发展和产业政策面临着越来越大的挑战。文章以2008—2021年沪深A股上市公司为样本,考察产业政策对企业创新的影响,并分析了其传递机制和情境条件。实证结果表明,产业政策对企业的创新活动表现出“双重利好”效应,将同时提高被支持行业中企业的创新数量与创新质量。传递机制分析表明,产业政策主要通过抑制企业金融化程度、提高政府补贴力度、降低债务融资成本、带来更多分析师关注等中介因素驱动企业创新水平的提升。情境条件分析发现,产品竞争市场治理、新闻媒体治理、公司治理、研发投入和高管团队研发经验会加强产业政策对企业创新的正向效应。进一步研究表明,发明专利对企业价值有正向影响且该效应具有一定的持续性,而非发明专利对企业价值有负向影响且该效应不具有持续性。研究揭示了产业政策促进企业创新的传递机制与情境条件,为客观评估中国产业政策的经济效应提供了微观依据。

产业政策、基金投资与企业股权再融资

如何有效引导资金流向政策支持的产业,是产业政策发挥效果、促进金融服务经济的关键。根据“产业政策引导基金投资,基金投资与产业政策的有机结合影响企业再融资”的思路,研究了产业政策对基金投资行为的影响,并进一步研究了产业政策影响下的基金投资能否促进企业再融资问题。研究发现:产业政策能引导基金投向政策支持的企业;基金持股与产业政策的交互作用引导资本市场资金流向政策支持的企业,促进企业再融资。研究有助于深入理解产业政策、资本市场主体行为和市场资源配置之间的关系,更好发挥产业政策的导向作用和金融支持实体经济的功能。