Creating a Commercia Civilization

正Business ties contribute to the development of a new type of Sino-U.S.great-power relationship By Patrick Mendis U.S.President Barack Obama’s vision for better relations with China is based on a time-tested commercial foundation.To enhance his Asia"pivot"strategy and the TransPacific Partnership(TPP)plan,then Secretary of State Hillary Clinton officially launched the"100,000 Strong"educational exchange initiative for American students to study in China.     

DEFENDING ThEGloBAl ENvIRoNMENT

正With the UN lima Climate Change Conference underway,China shows its sincerity to fight global warming Lima,capital and the largest city of Peru,has welcomed government leaders,scholars as well as representatives of the business and NGO circles from more than 200countries and regions this December.They will stay in the South American city for a battle of words at the United Nations Lima Climate     

OPINION Suggestions to Improve China's Growth Enterprise Board

正It has been five years since the very first crop of companies were listed on ChiNext,China’s growth enterprise board,on October 30,2009.The NASDAQ-style board has certainly played a vital role in boosting innovation in the country and now it’s time for us to think about how to further improve the board so as to realize     

Carbon Trading: Market Mechanisms to Tackle Pollution

正YANSHAN Petrochemical paid a power plant RMB one million for a 20,000 ton quota of carbon dioxide emissions,on November 28,2013.This marked the official launch of the Beijing Carbon Trading Market.What’s more,it signaled that"energy conservation and emission reduction"has moved on from being just a slogan to become a key issue,encompassing profits,cash flow and investment.The Beijing Carbon Trading Market is one of seven pilot markets in China.In June 2013,China’s first carbon market     

Economy

正Shanghai International Gold Trading Center Starts Operation The Shanghai International Gold Trading Center was recently launched as the first international trading platform in China(Shanghai)Pilot Free Trade Zone(FTZ).The Shanghai FTZ is also preparing to establish other international trading centers.In the Shanghai gold trading center,foreigners are allowed to invest in China’s gold market.According to Li Jun,deputy secretary-general of the Shanghai     

Bright Prospects for China-South Korea FTA

正DURING President Xi Jinping’s state visit to the ROK in July,China and South Korea pledged to conclude negotiations on a free trade agreement(FTA)before the end of this year.Since China and South Korea established diplomatic relations 22years ago,trade between the two countries has grown at an average yearly rate of 23 percent.In 2012,bilateral trade reached a new high of US$256.3 billion.     

New Measures for China's Westward March

正In November 2013,the Third Plenary Session of the 18th CPC Central Committee approved the Decision on Major Issues Concerning Comprehensively Deepening Reforms.The decision stated that efforts should be made to accelerate infrastructural connections among neighboring countries and regions and to promote construction of the Silk Road economic belt and Maritime Silk Road,forming an all-round opening-up pattern.     

Ushering in Greater Accomplishments

On August 15,1974,China and Brazil established formal diplomatic ties and began a new chapter in Sino-Brazilian relations.Tested by time and tide,the bilateral relations continue to advance steadily.     

High-frequency trading,algorithmic finance and the Flash Crash: reflections on eventalization

The Flash Crash of 6 May 2010 has an interesting status in discussions of high-frequency trading, i.e. fully automated, superfast computerized trading: it is invoked both as an important illustration of how this field of algorithmic trading operates and, more often, as an example of how fully automated trading algorithms are prone to run amok in unanticipated frenzy. In this paper, I discuss how and why the Flash Crash is being invoked as a significant event in debates about high-frequency trading and algo-financial markets. I analyse the mediatization of the event, as well as the variety of eventalizations of the Flash Crash - the different ways in which the Flash Crash is being mobilized as an illustrative event. I critically discuss the impact often associated with the Flash Crash – and on that basis, inquire into why the event nonetheless attracts so much attention. I suggest that a key reason why the Flash Crash is widely discussed is that eventalizations of 6 May 2010 evoke familiar tropes about the fear of technology and the fear of herding. Finally, and given their emphasis on herding, I argue that the Flash Crash eventalizations may contribute to discussions within economic sociology about resonance in quantitative finance.     

我国证券市场内幕交易的民事责任制度之初探

在我国证券法中,只重视对证券发行和交易的管理以及违反证券行政管理导致的行政、刑事法律责任的规定,忽略了对证券交易当事人之间的民事权利义务关系以及对民事权力侵害救济的关照。参照世界各国证券内幕交易的民事救济手段,我国也应完善证券内幕交易的民事责任制度,以最大程度地保护投资者的利益,从而进一步健全我国的证券市场。