All of the articles in this proceedings volume have been presented at the 3rd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2024) during August 16-18, 2024 in Harbin, China. These articles have been peer reviewed by the members of the Scientific Committees and reviewers...

The building of a high-quality Belt and Road is a crucial driving force, which will unavoidably speed the RMB’s internationalization process. Promoting the new development pattern of double-loop is the core of implementing the RMB internationalization plan in the new era. This article examines pertinent...

With the advent of the digital era, small and medium-sized manufacturing enterprises (SMEs) are facing unprecedented challenges and opportunities. This study takes Wenzhou’s SMEs as an example to explore how digitization can assist these enterprises in achieving high-quality development. Through a comprehensive...

In recent years, the home e-commerce model has become a new model of home improvement, which has greatly promoted the matching efficiency of market supply and demand and the improvement of residents’ living standards. Consumer satisfaction directly affects the sustainability of e-commerce platform product...

This paper deeply analyzes the risks of cryptocurrencies, especially Bitcoin, and the legal issues it faces. Firstly, the article points out that bitcoin has potential value in investment portfolios due to its scarcity and decentralization. Although the price volatility is high, the system risk is relatively...

This paper aims to delve deeply into the impact of trade protectionism on the global economy and its future trajectory. Firstly, it clarifies the theoretical foundations of trade protectionism, enhancing the understanding of its connotation and basic principles. Secondly, it analyzes the current characteristics...

The new development philosophy relates to the overall situation of China’s socialist modernization and is the baton leading high-quality development. The high-quality development entails the practical implementation of the new development philosophy, embodying its principles and serving as the fundamental...

This paper examines the risk-return tradeoffs for major Chinese energy companies—China Petroleum & Chemical Corporation (SINOPEC), GD Power Development, and China Yangtze Power Co., Ltd.—using the Capital Asset Pricing Model (CAPM) to analyze daily returns from January 4, 2021, to December 29, 2023....

This study explores the challenges and opportunities for Oztent, an Australian outdoor equipment brand, in the changing outdoor equipment market during COVID-19. It aims to understand Generation Z consumer preferences and perceptions of Oztent’s camping products. The findings reveal that Gen Z respondents...

This study examines the financial effects of two green debts issued by BAIC and assesses their impact on new energy vehicle manufacturers. Based on the insights from analysis, this study proposes suggestions for promoting the use of green finance instruments in the Chinese NEVs market. This paper demonstrates...

The imperative to reduce the manufacturing industry’s environmental footprint has become a critical global issue due to rising living standards, increased demand, and resource scarcity. Manufacturing, central to product supply and modern life, faces significant sustainability challenges. Existing manufacturing...

As information technology continues to advance and evolve, the landscape of global competition has become increasingly fierce. Numerous organizations anticipate a significant transformation in the realm of operations and supply chain management (SCM), encompassing aspects such as planning, scheduling,...

In order to analyze the game between major powers and the prospects of regional cooperation in the Asia Pacific region, the realism theory of international relations is adopted, and a multivariate comprehensive model is used to study economic interdependence, security situation, political and diplomatic...

The increasing urbanization and demand for sustainable development have positioned smart cities at the forefront of modern urban planning. This essay explores the transformative impact of smart city technologies, specifically the Internet of Things (IoT), Artificial Intelligence (AI), machine learning,...

The Belt and Road Initiative has achieved great success since it was proposed in 2013, providing many opportunities for the economic development of the countries along the route. The Silk Road Economic Belt has been effective and helpful in promoting the economic development of developing countries,...

The ease of enterprise financing made possible by the development of digital finance can partially address the issue of “difficult and expensive financing” for enterprises and offer a fresh approach to meeting the funding needs of R&D innovation and stimulating the innovation vitality of enterprises....

According to the “Outline of the Fourteenth Five-Year Plan and Vision 2035 of the National Economic and Social Development of the People’s Republic of China”, it is necessary to “implement tax policies favorable to energy conservation, environmental protection and the comprehensive utilization of resources”,...

In today’s society, the expansion of industrialization has increased energy consumption and pollution. Global climate change is intensifying. In this context, to control global warming and environmental pollution, net zero and carbon management are being taken seriously by the international community...

To uncover the specific impact of board diversity on corporate performance, neural network algorithms were utilized to examine the relationship between diversity indicators such as gender, age, and education, and corporate financial metrics. The results indicate that an appropriate configuration of board...

Red tourism is a highlight of the development of tourism in recent years, and the national reception and total revenue of red tourism show an explosive growth. Revolutionary cultural relics are important resources for rural red tourism because of their multiple values. Taking Shangrao City, Jiangxi Province...

In the post-epidemic era of COVID-19, the global economy faces significant challenges, including rising unemployment and reduced consumption. Affected by both international and domestic factors, China’s economy has been hit hard, many enterprises have gone bankrupt, some foreign-funded enterprises have...

At present, there are still some problems in the financing process of China’s new-generation information technology industry. Regional heterogeneity in the scale of exogenous financing, long-term loans tilted toward medium and large enterprises, and fiscal policies that set limits on enterprises’ access...

Based on the perspectives of foreign direct investment and dual innovation theory, this study empirically investigates the impact of foreign direct investment on the growth performance of high-tech listed companies in Shanghai and Shenzhen from 2011 to 2020. The mediating effect of dual innovation capability...

This study aims to explore how digital transformation affects the efficiency of international trade and regional economic development through empirical analysis. By evaluating the prevalence of information and communication technology, the proportion of digital applications in enterprises, and the level...

With the surge in the development of public welfare, various industries have been adopting diverse marketing strategies, with enterprises increasingly aligning with public welfare marketing. In the production sector, as the brand concentration in FMCG enterprises continues to rise and the advantages...

This study investigates how anthropomorphic expressions on products influence consumer purchase intentions, the moderating role of relative deprivation, and the mediating effect of consumer need for uniqueness. The research reveals that while anthropomorphic product expressions can enhance emotional...

Based on data from 41 prefecture-level cities in the Yangtze River Delta from 2011 to 2021, this paper constructs an evaluation index system and employs the entropy method to measure the development level of digital trade in the Yangtze River Delta urban agglomeration. It finds that, with Shanghai, Jiangsu,...

Exploring the crucial effect of residents’ income on population growth in the context of the gradual disappearance of China’s “demographic dividend” and the aging of the population. In this paper, we use a univariate linear regression model to explore the impact of residents’ income on population growth...

This paper explores the applications and challenges of big data in financial industry risk management. As technology advances, big data has become a crucial tool in the financial sector, especially in risk management. Big data technologies provide financial institutions with more comprehensive and accurate...

The integration of big data mining into the financial sector has revolutionized the way institutions operate, offering unprecedented insights and capabilities. The paper delves into the multifaceted applications of big data, such as enhancing risk management by identifying patterns and anomalies that...

Amidst a global economic slowdown and escalating trade tensions, corporate debt issues are intensifying, leading to a growing number of enterprises facing financial distress and implementing debt restructuring. This paper employs a case study approach combined with financial indicator analysis, focusing...

Based on the coupling coordination model, this paper analyzes the coupling coordination relationship between green finance and green finance. The study found that the average development of green finance and greenization shows a steady growth trend, and the coupling coordination between the two is also...

This study takes “Datang Power Generation GN001” carbon neutral bond issued by Datang International Power Generation Co., Ltd. as an example to discuss the effect of carbon neutral bond issuance. Carbon neutral debt is a green financial instrument that has emerged in recent years to support companies...

Take 2010-2021 A-share manufacturing listed companies as a research sample, Institutional investors empirical test of the impact of the group on the transformation and upgrading of enterprises and its internal mechanism empress. It is found that institutional investors can significantly promote the transformation...