泛舟商海心系两岸——专访元丰国际有限公司董事长连元章

“晴湖似镜平,泼眼绿波明。鱼队行堪数,凫雏近不惊。”清人王搂描写的泛舟常州尚湖的一幕令人神往。然而,相比于宁静的尚湖,商海就多了几许波澜。波澜壮阔的商海,谁人勇立船头,踏浪弄潮,又可以气定神闲商海观澜？     

Quantile information share

This paper presents a new method to estimate Hasbrouck-type market information share in price discovery. The prevailing market information share is calculated on the basis of conditional mean. We propose a conditional quantile regression approach to obtain a new market information share measure, quantile information share, which varies across the combinations of different price quantiles. The method is illustrated with two data sets, one on the spot and futures markets in pricing S&P 500 equity index, and the other on price discovery for a cross-listed stock.     

公司审计委员会动因的政治视角解析

本文简要回顾了公司审计委员会的发生、成长及现状,对公司审计委员会产生动力的观点进行归纳。从企业的成长、法人权力在市场和社会中的扩张、公司经济权力与政治权力的日益融合、企业社会责任的增强、专家体制下分散决策等方面,证明公司了审计委员会是公司与社会之间的一个权力制衡器。     

中国小麦生产的技术进步模式研究

本文利用1990-2004年中国小麦生产的省区面板数据，估算这个时期的年均技术进步率，并利用特定的生产函数E—S模型测算小麦生产生物化学型技术进步指数和机械型技术进步指数，对比全国及小麦主产省份土地生产率和劳动生产率指数的变化。结果表明，该时期小麦生产呈现机械型技术进步为主的发展模式；技术进步和物质投入的增加是我国小麦单产持续增长的两大因素。未来为保证小麦单产的持续增长，必须加大对小麦生物化学型技术研发的投入，突破技术限制，为未来提供技术储备。     

Testing for Cointegrating Rank Via Model Selection: Evidence From 165 Data Sets

The model selection approach has been proposed as an alternative to the popular tests for cointegration such as the residual-based augmented Dickey–Fuller test and the system-based trace test. Using information criteria, we conduct cointegration tests on 165 data sets used in published studies. The empirical results demonstrate the usefulness of the model selection approach for applied researchers. Electronic Supplementary Material  Supplementary material is available for this article at and is accessible for authorized users.     

Green Economy Underway in Guizhou

Southwestern Chinas Guizhou Province is attempting to become green economy and so far has made great progress. The Eco-Forum Global held in the provincial capital Guiyang during July 26-28 is Guizhou's exploration of green economy.     

Qinghai Boosts Halal Food Industry

Northwestern China's Qinghai Province is striving to develop its halal food industry,and make it go global. The sixth China (Qinghai) International Halal Food and Products Fair concluded on July 16.     

China's Consumption Market Sees Stable Growth

China's consumption market is maintaining stable growth.In November,the retail sails climbed to RMB 1.6 trillion,up 17.3 percent year on year.After deducting inflation,the actual growth rate was 12.8％,according to the National Bureau of Statistics (NBS).     

Int'l Cooperation Zone under Construction in Jilin

An international cooperative demonstration zone is to be built in Northeast China's Jilin Province to boost cross-border cooperation in the region,according to a press conference held in Beijing on May 21. The zone,named Tumen River Area (Hunchun) International Cooperation Demonstration Zone,is located in Hunchun,a port bordering Russia and DPRK.It covers 90 square kilometers and includes four functional zones in terms of foreign trade cooperation,international industrial cooperation,Sino-DPRK and Sino-Russia economic cooperation.