Climate-related risks significantly impact business operations, including financial aspects. Governments and organizations have introduced different kinds of policies and regulations to inform entities to reduce emissions and disclose climate-related risks. Under these circumstances, carbon intensive industries, eg. aviation entities could be significantly affected. Meanwhile,investors and other skateboarders also need to understand the impact on entities’ financial status in order to make decisions. In China, government has set a goal of reaching peak carbon emissions in 2030 and carbon neutrality in 2060. The release of IFRS S2 could be a reference for China to establish its own climate-related disclosure regulations in the future. This paper focuses on the impact of climate-related risks to China’s aviation entities ,using Spring Airline company as a case study. By referencing IFRS S2, the study analyzes the implications for financial reporting and discusses potential future developments in this area.

The livability of cities has been a major topic of concern in recent years. It aims to comprehensively evaluate the happiness index of urban residents from aspects such as economic development, social stability, and ecological environment. Therefore, to establish a livable city model with objective significance, the model’s indicator weights are obtained using principal component analysis, AHP, and entropy weight methods based on the indicator data of all prefecture-level cities in Sichuan Province.

This paper examines city branding through the lens of new media, focusing on Zibo as a case study. It highlights how the rise of social media and the wanghong economy have reshaped city branding models. The discussion emphasizes the critical role social media plays in this process, illustrated through six components: value perception, value recognition, value description, value communication, value co-creation, and value addition. A conceptual framework is developed to elucidate the interconnections between social media, city branding, and value co-creation, while also contrasting traditional and contemporary branding approaches. The branding process is delineated in four stages: crafting value narratives centered on Zibo’s barbecue, enhancing value through city branding effects, fostering value co-creation for a new city brand, and establishing a tourism brand centered on barbecue. Additionally, the passage addresses the challenges faced by aging industrial cities, including imbalanced industrial structures and insufficient institutional policies. It proposes that these cities can capitalize on current trends by harnessing social media to construct their city brands, thereby enabling successful transformation and revitalization.

Under the circumstance of aging phenomenon, China’s government tried to keep social stability by changing retirement policies. So far, there is no research has systematically evaluated the consistency of the series of policies issued by China's retirement system, or pointed out the advantages and disadvantages of the current retirement policies in China. This paper evaluates China’s retirement policy (1950-2022) in a quantitative method by PMC-AE index model. Based on the model, it sets nine major variables, including policy level, policy duration, policy nature, target population, release body, policy evaluation, policy input, policy implementation, and policy impact. Results show that the average of PMC index for 14 China’s retirement policies was 8.21, 3 excellent consistency policies (P10, P11, P14) and 11 perfect consistency policies (P1, P2, P3, P4, P5, P6, P7, P8, P9, P12, P13). Policy 13 ‘Civil Servant Law of the People’s Republic of China (retirement part)’ gains the highest score (8.47), and Policy 11‘Shanghai Urban Employee Pension Insurance Measures’ scored the lowest (7.97). Therefore, China's retirement policies are generally perfect consistency and low fidelity. The main risk factors are policy implementation and target population. But it gets high marks for policy consistency, effectiveness and input.

Born in South Africa, Elon Musk began his business career with the online financial services company X.com, which later became PayPal. In 2002, with the $165 million gained from selling X.com to eBay, Musk began expanding his business empire. Over the last two decades, this empire has extended across seven industries, including automotive, aerospace, and transportation infrastructure. Notable companies within this empire include SpaceX, Tesla, and The Boring Company. This analysis examines how Musk's traits have influenced the success of his companies, the role of team building within his enterprises, the impact of R&D innovation on the development of Tesla and SpaceX, and the importance of strategic execution in ensuring business success. Furthermore, the study investigates the influence of external opportunities and environments on Musk's accomplishments. By employing a mix of case studies, a comprehensive literature review, and quantitative analysis, it systematically evaluates the diverse elements that have played a pivotal role in Musk's success. The findings indicate that Musk's success relies on personal vision, innovative capacity, effective team building, substantial R&D investment, flexible strategic execution, and the ability to leverage external opportunities. As one of the most successful entrepreneurs of the era, Musk's business strategies offer valuable insights for the next generation of leaders in a rapidly transforming technological landscape.

Luxury goods consumption is often driven by irrational behaviors due to emotional, psychological, and social factors. This research explores the central question of how psychological influences shape irrational luxury consumption and examines the role of marketing strategies employed by luxury brands and secondhand markets. Previous studies have investigated concepts like conspicuous consumption, identity signaling, and emotional drivers as critical aspects of luxury consumer behavior. Addressing this topic is essential because it sheds light on unsustainable consumption patterns while offering solutions like secondhand markets to mitigate financial and environmental impacts. Using a combination of theoretical analysis and case studies, this research evaluates the psychological, sociological, and economic dimensions of luxury consumption. Findings reveal that irrational consumption stems from a convergence of social status desires, emotional needs, and scarcity tactics, while secondhand markets offer a sustainable alternative by extending product life cycles and expanding access to luxury goods. The insights emphasize the importance of cultivating responsible consumer practices and promoting the growth of secondhand markets to balance individual desires with economic and environmental sustainability.

The development of behavioral finance has resulted in a heightened emphasis on the impact of psychological elements on investment decision-making, which has emerged as a key domain of academic inquiry. In particular, the anchoring effect is widely used in consumer behavior as a common cognitive bias. However, its application and research in the financial market remain insufficient, especially in terms of the underlying mechanism of action and optimization strategies in different market environments. Therefore, this paper aims to explore the impact of the anchoring effect on investors’ decision-making processes with regard to stock valuation, portfolio selection, and trading strategies, and analyze the potential for adjusting this cognitive bias in order to improve decision-making quality and investment returns. Through a combination of literature review and case study, we explore the performance of the anchoring effect in different investment decisions and its mechanism of action, and propose strategies to deal with it. The results show that the anchoring effect significantly affects stock valuation, portfolio decisions and trading strategies. Investors often rely excessively on initial information, such as historical stock prices or market highs, leading to erroneous investment judgments. And this bias is particularly pronounced during times of high market volatility, and may lead to missed market opportunities or irrational decisions, which further affects investment returns.

The fragility of the global financial system, exposed during the 2008 financial crisis, highlighted the challenges posed by the complexity and opacity of the derivatives market. This research examines the application of financial derivatives in risk management, focusing on their role in mitigating risks through the case of JPMorgan Chase during the crisis. The paper focuses on the types and functions of financial derivatives, especially the use of credit default swaps (CDS) and interest rate swaps (IRS) and their risk management applications in financial institutions. Data sources include JPMorgan Chase's public annual report, financial report and related news reports. The results show that JPMorgan Chase has reduced some subprime risk exposure and successfully avoided potential losses of about US$5 billion through the effective use of financial derivatives. However, the use of derivatives also exposes problems such as market liquidity and counterparty risk, reminding financial institutions to carefully manage related risks when using derivatives. In conclusion, while derivatives can be powerful risk management tools, their over-reliance may introduce new systemic risks.

Continued research and innovation on its technology can promote the development of the new energy vehicle industry and strengthen the rapid development of economy. China needs to import a lot of oil from abroad, posing risks of oil resources exhaustion in the future. In this context, it is particularly important to reduce dependence on oil resources and vigorously develop new energy vehicle technologies. This paper describes the development status of new energy vehicles, the advantages and disadvantages of the development of new energy vehicles. It emphasizes the development drawbacks of new energy trams and the feedback of the masses. The paper argues that, with the breakthrough of battery technology, the improvement of charging infrastructure and the popularization of intelligent networking functions, new energy vehicles are not only a means of transportation, but also an important part of intelligent travel solutions. New energy vehicles and their drive motor technologies will remain to be the main path toward the green revolution in the field of transportation and contribute to the construction of a low-carbon and environmentally friendly society.

As social media becomes an essential tool for disseminating Corporate Social Responsibility (CSR) initiatives, there is a lack of academic discussion on how to effectively match different CSR models with communication strategies. This paper explores the theoretical foundations and practical applications of such matching on the Weibo platform based on established classifications of CSR models (Cultivating Goodwill, Compensating, and Corrective) and communication strategies (Broadcasting, Reacting, and Engaging). By analyzing CSR-related content published by Chinese companies on Weibo, the study finds that Corrective CSR matches best with engaging strategies, Compensating CSR aligns well with reacting strategies, and Cultivating Goodwill CSR tends to adopt broadcasting strategies. This research not only validates theoretical assumptions regarding CSR communication but also provides practical guidance for companies to optimize their social media communication strategies. Future research could further examine the impact of these matches on public sentiment and behavioral responses.