Proceedings of the 2024 2nd International Conference on Finance, Trade and Business Management (FTBM 2024)

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49 articles
Proceedings Article

Peer-Review Statements

Amalendu Bhunia, John Gong, Ran Zhang
All of the articles in this proceedings volume have been presented at the 2nd International Conference on Finance, Trade and Business Management (FTBM 2024) during August 23–25, 2024 in Hangzhou, China. These articles have been peer reviewed by the members of the Scientific Committees and reviewers and...
Proceedings Article

Bank Churn Prediction Using Random Forest and Logistic Regression

Shangxuan Du
In the banking industry, customer churn is a growing problem. Solving this problem effectively and choosing the appropriate forecasting model is important. To avoid such problems and select an appropriate model, in this paper, random forest and logistic regression models are used to predict bank churn...
Proceedings Article

Analyzing Factors Affecting Housing Price Fluctuations and Policy Recommendations

Yilan Huang
In the context of the global economy, the importance of China’s real estate market is self-evident, but the rapid rise of housing prices may lead to economic bubbles. The research revealed a juxtaposition of robust market demand and the swift escalation of housing prices, particularly in major urban...
Proceedings Article

Comparing the Performance of Four Regression Models in Predicting Stock Returns

Zimu Tang
In recent years, stock market investment has seen rapid growth, yet many investors may lack sufficient relevant knowledge. This article aims to help investors achieve higher returns by comparing the predictive results of several models. Using four regression models in ML algorithms, namely LightGBM,...
Proceedings Article

Digital Transformation and Human Rights Responsibilities: Strategies and Challenges for Multinational Corporations in Developing Countries

Linhua Hao
While digital transformation promotes global economic development, it also poses new challenges for MNEs in terms of their responsibilities and human rights protection in developing countries. This article focuses on how MNEs should protect the privacy and data rights of users in developing countries...
Proceedings Article

International Corporate Governance in the Digital Age: Legal Challenges of Privacy Protection and Data Governance

Bingbing Bi
In the current age characterised by digital transformation, global organisations encounter unparalleled difficulties in effectively managing and regulating their large quantities of data. This essay examines the theoretical underpinnings of data governance and how it relates to corporate governance,...
Proceedings Article

Personal Credit Loans Risk Prediction Based on NS3-LightGBM

Juncheng Zhang
In recent years, the demand for personal credit loans has been increasing day by day. For banks, how to accurately identify and effectively predict whether borrowers will repay on time is a highly concerning issue. To effectively address a series of key problems existing in traditional loan risk prediction...
Proceedings Article

Impact and Accountability: Examining Multinational Enterprises’ Foreign Direct Investment in Developing Economies

Fangyuan Shi
This paper explores the intricate dynamics of Multinational Enterprises (MNEs) regarding their legal obligations and economic objectives during Foreign Direct Investment (FDI) in developing countries. It investigates the dual role of FDI as a driver of economic development and as a source of ethical...
Proceedings Article

Human Rights Responsibility in the Global Supply Chain: The Challenges and Strategies for Multinational Corporations in the Context of the Xinjiang Cotton Incident

Yihao Zhang
The human rights responsibilities in global supply chains pose significant challenges for multinational companies. With the deepening of globalization, supply chains have become increasingly complex, involving multiple countries and regions, as well as various production and service links. This complexity...
Proceedings Article

Globalization and the Right to Livelihood: A Study of the Impact of Multinational Enterprises’ Resource Extraction in Developing Countries

Siyuan Chen
In recent years, with the acceleration of the process of globalization and the growth of resource demand, it is increasingly common for multinational enterprises (MNEs) to carry out resource exploitation activities in developing countries. However, these activities pose a threat to the survival of local...
Proceedings Article

A Comparative Study of Legal Strategies against Tax Avoidance in the Digital Economy

Junxiang Wang
The development of digital economy provides a new “opportunity” for international tax avoidance by digital enterprises, but the existence of a large number of international tax avoidance behaviors not only causes serious tax loss of the host country, but also poses a serious challenge to the principle...
Proceedings Article

Study on the Price Spillover Effect between China Iron ore Futures Import Price and International Dry Bulk Freight and Crude Oil Market

Youjie Zhu
This paper takes the international dry bulk freight, international crude oil market and China iron ore futures import price from January 2010 to March 2023 as the research objects, and verifies and studies the relationship among them from the perspective of price spillover and fluctuation spillover....
Proceedings Article

Substitutability Analysis of Trade in Goods and Trade in Services Balances Based on Comparative Advantage Theory

Lin Sha, Yiqun Li
It is found that there is obvious substitutability between the balance of trade in goods and services, which means countries with a surplus in services trade generally have a deficit in goods trade, while countries with a surplus in goods trade tend to have a deficit in services trade. This paper is...
Proceedings Article

Fragmentation Challenges in the International Trade Legal System and China’s Strategies

Shumeng Huang
The international trade legal system needs to fulfill the needs through the fragmented structure. On the one end, it needs the constitutional function of the WTO to maintain a stable multilateral trade order. On the other end, it needs the diversity of trade agreements to harness the complex conflicts...
Proceedings Article

Data Analysis and Prediction of Daily Closing Price of China Unicom based on ARIMA Model

Yanghaoge Sun
This paper aims to analyze and forecast the daily closing price of China Unicom by using ARIMA (autoregressive integral moving average) model. With the increasingly complex and changeable financial market, the demand of investors for predicting stock price changes is increasing day by day. As one of...
Proceedings Article

Study on the Influencing Factors of Tax Revenue in Fujian Province Based on Econometric Modeling

Wenqi Qiu
In the 21st century, China’s economy continues to develop steadily which tax plays an important role, not only is an important part of China’s fiscal revenue and is an important means of regulating economic operation, while taxes as an important source of national revenue. This paper aims to study the...
Proceedings Article

Export Trade Lubricants: The Importance of Third Party Testing Agencies in European Export Trade

Panyilang Zhou, Jingjing Wang
This paper delves into the pivotal role that third-party testing plays in the realm of export trade, particularly within the European Union (EU). As the EU strengthens its regulatory framework for trade commodity inspections, third-party testing emerges as a critical component in ensuring compliance...
Proceedings Article

Study on Sustainable Financing Models for Enterprises under the Green Finance Framework

Xiang Li
As a crucial means of promoting sustainable development, the green finance framework guides funds towards environmentally friendly and socially responsible projects through various financial tools and mechanisms. This study aims to explore sustainable financing models for enterprises under the green...
Proceedings Article

Impact of China’s Green Finance Development on the Upgrading of Industrial Structure Based on Spatial Panel Model

Yingying Zhou, Xiaoqian Jing, Fengyi Lei, Jing Jin, Fengran Lu
Due to the spatial liquidity of green finance, the level of green finance in the local area will have an impact on the level of green finance in its neighboring areas; Furthermore, when the level of industrial structure upgrading in a certain region is high, neighboring areas will imitate the level of...
Proceedings Article

A Novel Technical Method for Corporation Venture Capital Strategy

Liwen Zhao
With the increase of economic market operation level, the demand of firm development also increase significantly, the born of Venture capital increased the speed of realization for this demand, Venture capital have mutual promotion relationship with high-tech industry and star-up stage industry, which...
Proceedings Article

Research on Financial Credit Model Construction Method based on Machine Learning Technology

Xianru Zhan
With the continuous development of science and technology, the application scenarios of finance are constantly changing, and financial credit in as a specialized credit information service under the conditions of market economy. At the same time, with the arrival of the digital era, the application scenarios...
Proceedings Article

Analyzing the Impact of COVID-19 in China’s Restaurants Industry: Revenue from Meals and Revenue from Meals above Designated

Haohao Yang
COVID-19 has a significant impact on the world’s economy, which includes China’s restaurants industry. Thus, in this paper, it shows the fluctuations of Revenue from Meals and Revenue from Meals above Designated after the start of COVID-19. The study uses the data before COVID-19 to forecast through...
Proceedings Article

Routine Replication and Innovation Performance: Mediating Role of Organizational Flexibility and Moderating Role of Temporal Leadership

Hanjie Yu
Based on the dynamic capability theory, this study empirically examines the relationship between routine replication and innovation performance through questionnaire data from manufacturing enterprises, and explores the mediating role of organizational flexibility and the moderating role of temporal...
Proceedings Article

Analysis of the Gold Price Correlation Between China and the United States and its Influencing Factors

Xiaolin Zhu
Gold price volatility has a profound impact on the global economy and investment decisions, and is a typical safe-haven asset. This paper uses VAR model and Granger causality test to analyze the relationship between Chinese and U.S. gold prices, as well as how the dollar interest rate and the U.S. dollar...
Proceedings Article

A Strategic Decision-Making Model Combining SWOT Analysis with AHP Method

Yangyang Liu
This research starts with the questions: How firms make strategic decisions? What strategic decision-making model does firms use? Are there any deficiencies in current strategic decision-making models? Then this research identified and solved equal weights and lacking quantitative data problem of a prominent...
Proceedings Article

The Relationship between CPI and Employment and National GDP: Empirical Research Based on French Data

Yiqi Song
With the development of economy and society, many new economic concepts have been proposed, but the development of GDP has always been an important factor in measuring a country’s economic level. If people want to develop GDP, it must understand what factors will have an impact on GDP. If people blindly...
Proceedings Article

COVID-19 and its Effect on China’s CPI: Overall and Medical Care

Tian Zhou
Due to the high incidence of infection, COVID-19 epidemic spread widely after its breakout at the close of 2019. China also implemented the policy of containment and isolation. Since then, China’s economic development has be-gun to regress, with an increase in unemployment rate, causing a catastrophic...
Proceedings Article

Diabetes Population in Singapore and Government Regulations on Sugar Levels

Yizhou Zheng
The rising prevalence of diabetes in Singapore poses a significant public health challenge, demanding significant public health measurements and comprehensive government intervention. The global diabetes trend, as reported by the International Diabetes Federation, indicates an increase from 537 million...
Proceedings Article

Impact of Finance and Investment on Net-Zero Transformation

Yuhong Huang
Climate change poses severe challenges globally, and achieving net-zero emissions by 2050 is imperative. This study explores the important role of finance and investment in this transition. Through systematic analysis, including a literature review, it assesses how financial institutions can effectively...
Proceedings Article

Sustainable Development Financing Models in the BRICS Countries

Yida Wang, Morunova Galina Vladimirovna
The BRICS countries, as emerging economies, can share their experience in financing sustainable development for many developing countries. Active promotion of sustainable development finance has a mutually reinforcing effect on national economies. By assessing the financing index, it is possible to identify...
Proceedings Article

The Impact of the US-China Trade Conflict on China’s Foreign Economic Relations

Yiting Chai
On 9 March 2018, in order to impose tariffs of 25% and 10% on imported steel and aluminum, the US government approved a tariff decree, marking the trade conflict between the US and China broke out. It is a turning point in the long-standing trade tensions between the two countries. The US government...
Proceedings Article

Empirical Analysis of the Impact of Chinese Yuan to US Dollars Exchange Rate on the Shanghai Stock Exchange Composite Index

Yiping Wang
This study extends from the findings of prior research on Exchange Rates and Stock Composite Exchange Indices and explores the influences of the Chinese Yuan Exchange Rate on the Shanghai Stock Exchange Composite Index based on contemporary data. The study uses the daily data of the Chinese Yuan Exchange...
Proceedings Article

Analysis and Prediction of China’s Total National Health Expenditure Time Series Model before and after the COVID-19 Epidemic

Chenyu Liu
Under the influence of the novel coronavirus epidemic, China’s total health expenditure has been affected to some extent, especially after the novel coronavirus epidemic has led to people’s attention to health care. This paper uses time series analysis methods, including unit root test, difference processing,...
Proceedings Article

NEER Index: China’s Import and Export Trade and the US-China Trade Conflict

Tian Gao
This study focuses on how China’s import and export commerce is affected by the Nominal Effective Exchange Rate (NEER) index, especially during the trade spat between the United States and China that began in March 2018. The research tries to comprehend how currency value variations influenced trade...
Proceedings Article

Research on the Impact of Social Media User Sharing on Customer Consumption Behavior

Ke Zhang
Based on the background of social media marketing, this paper combines the technology acceptance model, customer perceived value theory and information adoption theory as the theoretical basis, and uses the questionnaire survey method to explore the impact of social media user sharing on customer consumption...
Proceedings Article

Research on the Impact Mechanism of Industrial Added Value on the Carbon Emission Rights Market

Jun Liu
The carbon emission rights market is crucial in helping the country achieve its “dual carbon” goal. It’s essential to assess how industrial added value impacts this market. This study focuses on China’s carbon emission rights market, using a multi-period multiple difference model to test the influence...
Proceedings Article

Analysis of Risks and Returns of ESG Portfolios under Different Market Conditions

An Empirical Comparison of China, the US, and Europe

Zisheng Liang
This paper explores the risks and returns of ESG (Environmental, Social, and Governance) portfolios under different market conditions in China, the United States, and Europe. By analyzing stock price data from January 1, 2021, to December 31, 2023, this study investigates the comparative performance...
Proceedings Article

Research on the Constraint Mechanism of Industrial Digitization Enabling High-quality Industrial Development

Zecheng Lian
Based on the three-sector model, a theoretical framework for industrial digitalization is constructed to facilitate high-quality industrial development, taking into account the constraints of human capital level and R&D investment intensity. The non-linear nature of high-quality industry development...
Proceedings Article

Research on Intelligent Monitoring Technology and Equipment for False and Concealed Declaration of Dangerous Goods in Port Containers

Weiwei Sun, Zhiyan Zhao, Chaoyu Ruan
Based on the analysis of the current situation and primary causes of false and concealed declaration of dangerous goods in Chinese port containers, this research proposes intelligent monitoring methods specifically for dangerous goods in port containers by integrating a range of key technologies and...
Proceedings Article

The Impact of Second-Generation Involvement on the Family Firm’s Cross-Regional Expansion

Hongjie Pan
The second generation to take over the family business will inevitably be faced with a major strategic decision: to continue with the existing business or to engage in new areas. We explore the impact of second-generation involvement on family firms’ cross-regional expansion using Chinese-listed family...
Proceedings Article

Comprehensive Evaluation of the Operating Performance of Chinese Tourism Listed Companies Based on Factor Analysis

Youcheng Long
The operating performance of tourism listed companies reflects the development trend of the tourism industry. It is of great significance to conduct a scientific evaluation of the operating performance of tourism listed companies. Taking the data of some financial indicators of 27 Chinese tourism listed...
Proceedings Article

Analysis of Background, Content and Effect of Iran’s “General Policy of Resistance Economy”

Quanjie Zhou
The economic sanctions of the western countries led by the United States, combined with the structural problems of the domestic economy, have affected the economic stability of Iran and threatened the security of the Iranian society and regime. In the face of strong external pressure and internal hidden...
Proceedings Article

Optimal Design of Data Center Network Security Architecture

Shaoqing Wang
In the context of the wide application of Internet, big data and cloud computing technologies, data center as a key infrastructure for information flow, its network security issues become increasingly prominent. This paper deeply analyzes the current situation of data center network security. At present,...
Proceedings Article

A Comparative Study of Machine Learning Methods in Financial Fraud Detection

Zishan Liu
Financial fraud detection has become increasingly crucial with the rise of digital finance, where fraudulent activities are growing more sophisticated and concealed. This paper provides a comparative analysis of various machine learning methods applied to financial fraud detection, evaluating their effectiveness...
Proceedings Article

Construction of Green and New Quality Productivity Evaluation Index System for “Two High” Industries

Xiaoyu Li
Promoting the green and low-carbon development of the economy and society, aligning high-quality economic development with high-level environmental protection, and forming a synergistic and mutually reinforcing relationship is an effective path for China to enter a new stage of high-quality development,...
Proceedings Article

Analysis of Cost Control in the Value Chain of a Logistics Company under the “Dual Carbon” Background

Haohui Fu
Centered on the study of cost control management in logistics companies under the “dual carbon” background, this paper primarily employs case analysis and both horizontal and vertical comparative research methods to explore cost control in logistics companies. Utilizing a value chain perspective, this...
Proceedings Article

Research on High-quality Development of Guangdong Listed Companies

——Model Construction of an Indicator System Based on High-quality Evaluation

Mohan Yang, Jingting Tang, Zhihao Huang
Constructing an evaluation index system for high-quality economic development is an important part of China’s macro strategic goals for economic development. As an important growth stage of China’s economic development, Guangdong continues to promote supply-side structural reform, continuously improve...
Proceedings Article

“Want-it-all” Mentality with Process and Outcome: Research Performance Evaluation Based on Empathic Supervision and Empathic Governance

Kui Yi, Xingrong Wang, Xinyu Wang
As managers continue to think about how to stimulate innovative motivation among scientific research personnel, the effort to balance between process and outcomes of evaluation could become a new scientific perspective. Previous studies have focused on either supervision or governance, failing to take...
Proceedings Article

Research Hotspots and Trends of International Digital Business Development

——Knowledge Graph Analysis based on Citespace

Shiqi Zhang, Gefei Liu
Digitization enables the rapid flow of information and resources around the world, promotes international trade and transnational cooperation, and promotes global economic integration. Based on the bibliometric method and knowledge map visualization analysis method, this paper takes the international...