Racism in the United States has a long history, and over time, it has evolved in new ways. Despite the efforts of successive American governments to address racism, the results have been minimal. This paper analyzes, from the perspective of systemic racism theory, why the social policies implemented by the Biden administration to improve domestic race relations cannot fully resolve the issue of racism and why racism is deeply entrenched in the American democratic system. In reality, the groups that hold national power represent only a minority of the population, excluding lower-class white individuals and ethnic minorities. Racism is merely a form of “psychological wage” created by the elites to compensate for the economic losses experienced by lower-class white individuals. While the Biden administration has pursued policies to promote racial equality, without altering the framework of American democracy, these policies are unable to eradicate racism and may instead exacerbate the problem, setting the stage for future outbreaks of racial movements.

China’s NFT digital collectibles are a new type of digital asset with Chinese characteristics based on policies, technologies, platforms, and consumer demands. The transaction process involves a large amount of intellectual property rights and interests transfer content. Based on reading and sorting out archives and the intellectual property law, this paper draws the “binary structure” characteristics of digital collectibles, with a view to making more accurate judgments on the legal attributes of digital collectibles, to maximize the legal protection regarding different intellectual property rights of authors and buyers under different links and contract provisions of digital collectible transactions. At the same time, it aims to contribute to the regulatory compliance and judicial practice of the NFT commerce, promote the development of the digital economy, stimulate the digital collectible market, enhance cultural identity, etc., and eventually providing reference for relevant research on digital collectibles.

With the continuous progress of technology and economic development, high-frequency trading has become one of the most important trading methods in the securities market of various countries. This paper mainly analyzes the trading strategy and regulatory system of foreign high-frequency trading, and obtains some enlightenment from it. In terms of trading strategy, domestic high-frequency traders should strengthen technology research and development, improve the level of algorithms; Enhance data analysis capabilities to build a reliable data foundation; Strengthen computer hardware to provide a solid guarantee. In terms of the supervision system, China should set up independent supervisory bodies, strengthen transaction data supervision, limit high-frequency trading, enhance market transparency, and active make the application of regulatory technologies.

According to the basic characteristics of a socialist modernization state in China, China’s modernization aims for a harmonious coexistence between humans and nature. China strives to achieve carbon peaking by 2030. Therefore, this article mainly focuses on the connection between the electric vehicle industry chain and the Chinese-style modernization, as well as an empirical analysis of China’s 2030 carbon peaking goal. This article divides China’s “green modernization” measurement into two parts. In the first part, China’s green modernization can be measured by the level of modernization in each province. The article uses PCA (Principal Component Analysis) to reduce data dimensions and analyze correlations among selected indicators. Then, the Six-factor TOPSIS-Entropy Method is utilized for weight evaluation to calculate the level of modernization in different provinces, resulting in an overall domestic modernization level of 65.741%. In the second part, an empirical analysis of China’s commitment to achieving carbon peaking by 2030 is conducted. An improved SIRD-NM dynamic model is employed to predict the number of new energy vehicles, and then the feasibility of achieving the commitment is studied. The results indicate that the contribution of the development of new energy vehicles to carbon peaking reaches 5.42%. China has a high feasibility of achieving carbon peaking by 2030.

This study explores the impact of company financial indicators on the environmental, social and governance (ESG) scores of listed companies in China using a fixed-effects panel regression model. I found that company’s total assets and number of employees are significantly and positively related to ESG scores, and that there may be a nonlinear relationship between the number of employees and ESG scores. In addition, current ratio has no significant effect in terms of ESG score. Debt-to-asset ratio was significantly negatively related to ESG score, while ROE and operating profit margin were significantly positively related to ESG score. The results suggest that different financial indicators may have different roles in predicting CSR fulfillment. Future research could delve into industry and regional differences, as well as other factors that influence the relationship between financial indicators and ESG scores.

ESG (Environmental, Social, and Governance) assessment is a widely recognized system for evaluating corporate sustainable development by international investors. The emphasis and improvement of ESG indices can have multiple effects on corporate operations and development. This paper focuses on the impact of ESG on corporate bond financing interest rates, considering the relevant relationships and intermediary mechanisms involved. The results indicate that, with controlled variables considered, corporate bonds with higher ESG scores tend to have lower issuance interest rates. Furthermore, besides the direct impact on bond rates, ESG scores also generate indirect effects through the intermediary variable of “financing constraints.” The study establishes from a corporate financing perspective that the development of ESG assessment has positive implications for corporate operations and confirms the intermediary role of financing constraints in this causal chain. According to the results, targeted recommendations are proposed for corporate operations: to reduce financing costs, continually optimize ESG and financing constraints.

The artificial intelligence business has a wide potential as a young industry that continues to influence human social and economic growth. The development of efficient finance techniques has emerged as a crucial challenge for artificial intelligence businesses as they look to expand their markets and implement their plans. In order to sort out and analyze the strategic influencing factors on the development of artificial intelligence in China, particularly the status quo and issues of enterprise financing, this paper uses ECOVACS Robotics as a research sample. Financing is the primary source of funds necessary for the survival and development of enterprises. The demand for financing capital from businesses will rise as the worldwide market for service robotics continues to grow rapidly. According to the report, ECOVACS should adopt a targeted approach by bolstering technological advancement, boosting visibility, boosting legal support, boosting funding sources, and directing the targeted strategy in various ways.

The ongoing progress of contemporary society and the growing global recognition of women have led to heightened scrutiny of the influence of female labour force in social production. The rate of female labour force participation holds significant implications for both the advancement of the global economy and the long-term sustainability of society. In this study, a dataset comprising 146 nations spanning the years 1990 to 2020 was utilised. Employing regression techniques, the 146 countries were categorised into six continents to investigate the impact of GDP per capita and fertility rate on the female labour force participation rate. The findings of the research indicate that the relationship between the female labour force participation rate and GDP per capita and fertility rate is non-linear, assuming that only these two factors are taken into account. Given the observed trend of a gradual increase in female labour force participation rates in various regions in recent years, alongside a corresponding decrease in fertility rates globally, it is imperative for relevant authorities to expedite the enhancement of policies pertaining to female reproduction. Furthermore, it is crucial to legally ensure employment opportunities for women.

The paper conducts an empirical analysis using the CoVaR model and data sourced from weekly individual stock returns of listed Chinese commercial banks to examine the impact of individual commercial banks on the entire financial system. Overall, the stock price risk of Chinese commercial banks exhibits a negative spillover effect on the financial market. Based on dCoVaR values from 2006 to 2023 and in conjunction with financial events related to the market over the 17-year period, it is evident that significant events lead to notable negative spillover effects by commercial banks’ stock price risk on the entire financial system, highlighting their crucial influence on financial market risk.

This paper focuses on exploring the development and investment directions of China’s private equity funds against the backdrop of Sino-U.S. decoupling. This includes U.S. dollar-denominated private equity funds, Renminbi-denominated private equity funds, and corporate venture capital. The study reveals that the enthusiasm for U.S. dollar-denominated private equity funds in the domestic market has significantly decreased, while the market size of Renminbi-denominated private equity funds has grown. Private equity fund investments have shifted towards advanced manufacturing and domestically developed alternative enterprises. Corporate venture capital has also transitioned from being primarily dominated by internet giants to focusing on high tech industry leaders. In light of adapting to the new landscape of Sino-U.S. decoupling, investments in high-tech industries and advanced manufacturing, support for domestic alternatives, and independent innovation are expected to become the market’s primary trends. Government guidance and support will wield a profound influence on market development, with Renminbi-denominated private equity funds poised to capture larger market shares and investment opportunities.