A Matter of Independence Questions are raised on the status of independent directors at public firms

正The issue of independent directors in China has come under the spotlight recently,following the removal of two from office.On May 29,Hangzhou Tianmushan Pharmaceutical Enterprise Co.in east China’s Zhejiang Province announced that its restructuring plan had been delayed again.Before that,the Shanghai Stock Exchange-listed company fired two of its independent directors—Zheng     

Maxing Out the Minimum Wage

正Salary increases continue to benefit Chinese workers As of April 25,nine local governments in China had raised their minimum monthly wage standards by an average of 13.2 percent this year,according to the Ministry of Human Resources and Social Security(MHRSS).The nine provinces,municipalities and     

Society

正Fourth Foreign Ministerial Conference of the Istanbul Process on Afghanistan Held in Beijing Chinese Premier Li Keqiang attended on October 31,together with President Ashraf Ghani of Afghanistan,the opening ceremony of the Fourth Foreign     

Premier Li’s Africa Tour Gives New Impetus to Sino-AfricanRelations

正Chinese Premier Li Keqiang visited four African countries—Ethiopia,Nigeria,Angola and Kenya—from May 4 to 11.In Ethiopia he gave a speech at the AU Conference Center titled"Bring about a Better Future for China-Africa Cooperation."Li raised in his speech the"461"cooperative framework:adhere to the four principles:treat one another with full sincerity as equals,enhance     

Thoughts on China's Relations with Neighboring Countries

正Preface One question frequently raised in discussions with colleagues from neighboring countries,and with European and American scholars who follow closely China’s neighboring relations is,how does China define its relations with neighboring countries?Although as early as sixty years ago,the Chinese government already provided the answer of five principles of peaceful coexistence     

集资诈骗罪的立法完善与解释对策

集资诈骗罪的立法漏洞可以通过两种途径解决。一是在立法完善时,将该罪的罪状修改为:“非法集资,骗取集资款,数额较大。”二是在司法过程中,根据金融诈骗罪的特殊性对法条进行应然解释。     

Substantial Incentives For Farming Needed

正In the decades since the great rural-tourban migration began in the 1980s,the children of the first migrants frequently choose to remain in the cities where they were born and raised.They have no desire to return to their parents’hometowns or to follow in the footsteps of their grandparents and become farmers.Never having been taught how,these"second-generation migrant workers"are instead desperate to integrate into city life.     

Prospects for China-ASEAN Relations

正TERRITORIAL disputes in the South China Sea between China and ASEAN countries such as Vietnam and the Philippines notwithstanding,China-ASEAN relations remain very much on the track of peaceful development,mutual-benefit,and win-win cooperation.China recently raised new proposals on handling tensions in the South China Sea,so further diminishing possibilities that the issue     

科研成果进课堂 教学水平上台阶

科研是教学的基础,教学则是党校的中心工作。党校教师要提高教学水平,就必须从科研这个基础抓起。实践中,党校教师一要更新理念,树立抓科研就是抓教学的理念;二要积极实践,善于将科研成果应用于课堂教学当中;三要审慎对待,正确处理科研服务教学过程中遇到的问题。     

募资投向变更与投资者交易行为研究

文章考察了不同类型的投资者（机构、个人）在上市公司募集资金投向变更公告前后的交易特征和行为。结果发现：公司募资投向变更市场反应为负,变更事件显著导致公司未来业绩变差,这说明变更对于绩效的影响是无效率的;机构投资者表现出了显著的信息优势,整体上,机构（及共同基金）的交易行为在更大程度上体现为价值性投资;个人投资者只为机构投资者提供了流动性。研究结果具有明晰的政策含义,即监管机构在严格管控资金用途变更的同时,既要发展机构投资者,又要提升个人投资者教育。