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。     

抵押证券制度结构论--以德日抵押证券模式为背景

作为权利与证券相结合的一种形态 ,抵押证券表现为两种类型 :一为德国模式 ;二为日本模式。纵观德日两国抵押证券模式 ,抵押证券在制度结构上分为两部分 :其一为抵押证券的发行 ;其二为抵押证券的交易。抵押证券的发行涉及到抵押证券的交付申请人、抵押不动产的评价等方面内容 ,抵押证券的交易涉及到抵押证券的贩卖方式、抵押证券的流通性确保等方面问题。我国将来如推行抵押证券制度 ,也必然会牵涉到抵押证券这些方面的内容。     

Global Governance,Criminalisation and Environmental Change

This article examines the environmental impact of criminalisation. It argues that developing societies are increasingly drawn into globalised networks that inextricably link the global and local, the legal and illegal. This means that in order to understand the causes of environmental degradation it is no longer useful to focus on the formal institutions and practices of government and business. Instead, this article uses the concept of the shadow state to examine and understand the causes of environmental change in two illustrative cases of Madagascar and Belize.     

How to use Lire le Capital

Abstract

This article contributes to a pragmatist analysis of pricing and valuation through an account of the production of closing prices at the Paris Bourse. The Paris Bourse is an electronic stock exchange and the actors in charge of its technological configuration often need to face concerns about the quality of the prices that the configuration produces. Closing prices are particularly important because they constitute references that circulate widely. The author analyses how a problem of representativeness of closing prices was raised in the late 1990s and how several techniques aimed at solving it. In order to deal with this problem of representativeness, the author proposes the consideration of prices as signs in a pragmatist manner. Adapting Charles S. Peirce's theory of the sign to the study of prices, the author concentrates attention on the material display of prices, on their capacity to stand as traces of some event, and on the way they may suit a set of calculative conventions.