On July 24th, Lectra's Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2025, which have been subject to a limited review by the Statutory Auditors.
On June 9,2025,CIIS held a launch event for its research report“Promoting Modernization Across Countries Through the Global Development Initiative.”The event was attended by CIIS President Chen Bo,Ambassador of Barb...On June 9,2025,CIIS held a launch event for its research report“Promoting Modernization Across Countries Through the Global Development Initiative.”The event was attended by CIIS President Chen Bo,Ambassador of Barbados to China Hallam Henry,Ambassador of Grenada to China Ma Yan,Ambassador of Timor-Leste to China Loro Horta,Ambassador of Bolivia to China Hugo Siles,Ambassador of Venezuela to China Remigio Ceballos Ichaso,Ambassador of Nepal to China Krishna Prasad Oli,Vice Director of the China Foreign Languages Publishing Administration and President of the Institute of Contemporary China and the World Yu Yunquan,Director of the Institute of International Strategy at Party School of the Central Committee(National Academy of Governance)Wu Zhicheng,and Vice Chairman of the National Global Strategy Think Tank at Chinese Academy of Social Sciences Wang Lei,all of whom delivered remarks at the launch.展开更多
Management innovation is a key driver of total factor productivity and plays a crucial role in developing new quality productive forces.As China’s capital market continues to develop,the prevalence of common ownershi...Management innovation is a key driver of total factor productivity and plays a crucial role in developing new quality productive forces.As China’s capital market continues to develop,the prevalence of common ownership—investors who hold significant stakes in multiple firms—has grown,raising the question of how it influences corporate management innovation.This study empirically investigates this issue using panel data from A-share listed companies in China between 2014 and 2022.The findings reveal an inverted U-shaped relationship between common ownership and management innovation.Specifically,institutional common ownership exerts no significant effect,while non-institutional common ownership exhibits a significant inverted U-shaped influence.Mechanism analysis suggests that common ownership often appoints shared directors,supervisors,and senior executives across firms,which in turn significantly impacts corporate management innovation.Further analysis indicates that common ownership in the primary and tertiary industries significantly influences management innovation,whereas that in the secondary industry does not show such an effect.This study offers valuable insights for corporate governance,business management,and investor decision-making and provides important references for policymakers in formulating governance-related regulations.展开更多
In the context of China’s rapidly evolving capital market,the proliferation of listed companies has been a salient phenomenon.The quality of corporate governance has emerged as a pivotal factor in determining the suc...In the context of China’s rapidly evolving capital market,the proliferation of listed companies has been a salient phenomenon.The quality of corporate governance has emerged as a pivotal factor in determining the success or failure of these entities.Research by Balsmeier et al.(2022)indicates that the greater the independence of a listed company’s board of directors,the higher its innovation output(both in terms of quantity and quality of patents)^([1]).This finding suggests a strong correlation between the performance of a company and the independence of its board.The present study has selected listed companies on the A-share market of the Shanghai Stock Exchange in 2013 as the subjects of its research.A sample of 960 companies was initially obtained from the CSMAR database.Following a rigorous financial data screening,a final sample of 944 valid companies was retained for further analysis.展开更多
The Great Dunhuang Director:Zhang Xiaoying Length:Four Episodes Producer:China Central Television(CCTV)Broadcasting Platforms:CCTV,bilibili China’s western city of Dunhuang,having recorded the exchanges,communication...The Great Dunhuang Director:Zhang Xiaoying Length:Four Episodes Producer:China Central Television(CCTV)Broadcasting Platforms:CCTV,bilibili China’s western city of Dunhuang,having recorded the exchanges,communication,and integration that have transpired between Eastern and Western cultures,is a symbol and microcosm of history.This series of films showcases the history of trade,cultural,and artistic exchanges between China and Western countries through the story of Dunhuang.展开更多
Directors:Mo Zhengxi,Liu Junsheng,Yan Zhenning Length:Eight Episodes Producers:Black Squirrel;Huashijian Broadcasting Platform:bilibili This documentary series focuses on the ecology of traditional Chinese dwellings,s...Directors:Mo Zhengxi,Liu Junsheng,Yan Zhenning Length:Eight Episodes Producers:Black Squirrel;Huashijian Broadcasting Platform:bilibili This documentary series focuses on the ecology of traditional Chinese dwellings,showing the architecture and lifestyle of people living in traditional houses.Bringing together China’s top academics in the field of residential research,the topics presented include the design,protection,and development of traditional Chinese residences,and the stories of people’s daily lives.展开更多
What Are You Up To Today?Chief Director:Wu Zijuan Length:12 Episodes Producer:bilibili Broadcasting Platform:bilibili Produced by China’s YouTube-like video sharing platform bilibili,the film is a series of short doc...What Are You Up To Today?Chief Director:Wu Zijuan Length:12 Episodes Producer:bilibili Broadcasting Platform:bilibili Produced by China’s YouTube-like video sharing platform bilibili,the film is a series of short documentaries presenting people's daily life in different jobs.It follows 12 individuals in their respective jobs and trades that keep society functioning.By focusing on their daily lives,the documentary films capture the hustle and bustle of the days that make up a hopeful life.展开更多
If Treasures Could Talk Season IV Chief Director:Xu Huan Length:25 Episodes Producers:China Central Television(CCTV),and National Cultural Heritage Administration Broadcasting Platforms:bilibili,iQIYI,Tecent Video,Mig...If Treasures Could Talk Season IV Chief Director:Xu Huan Length:25 Episodes Producers:China Central Television(CCTV),and National Cultural Heritage Administration Broadcasting Platforms:bilibili,iQIYI,Tecent Video,Migu Video,and Youku The documentary series tells the stories of cultural relics from Song(960-1279)to Qing(1644-1911)dynasties in five-minute episodes.Through presenting the Chinese spirit,aesthetics,and values represented in each relic,it gives viewers a broader understanding of Chinese culture.展开更多
Additive manufacturing(AM),a key technology in the evolution of Industry 4.0,has revolutionized production processes by enabling the precise,layer-by-layer fabrication of complex and customized components,enhancing ef...Additive manufacturing(AM),a key technology in the evolution of Industry 4.0,has revolutionized production processes by enabling the precise,layer-by-layer fabrication of complex and customized components,enhancing efficiency and flexibility in smart manufacturing systems.However,one significant challenge hindering the acceptance of this technology is the limited print size,constrained by the machine’s small bed.To address this issue,a suitable polymer joining technique could be applied as a post-fabrication step.The present article examines findings on the Ultrasonic Welding(UW)of Material Extrusion(MEX)-3D printed parts made from commonly used thermoplastics,Acrylonitrile Butadiene Styrene(ABS)and Polylactic Acid(PLA).Key parameters in the process are identified and optimized through statistical methods,such as Design of Experiments(DOE),Taguchi,and Analysis of Variance(ANOVA).The findings showed that the material combination and the design of the energy directors had the greatest impact on the joint strength and elongation,leading to a joint efficiency increase of up to 174.52%.The research’s feasibility was additionally supported by applying the results to weld and fabricate a car’s rear wing and an agricultural drone,both of which demonstrated strong structural integrity.The proposed method is anticipated to increase acceptance of joining and welding techniques in the future,with UW showing significant potential for effectively joining 3D-printed parts and addressing the bed size limitations of 3D printers.展开更多
Walking into the Institute of Plateau Biology(IPB in short)in Lhasa,Xizang,vice director Yang Le exchanged pleasantries with the guard in fluent Tibetan.Originally from Hunan Province,he has worked and lived here in X...Walking into the Institute of Plateau Biology(IPB in short)in Lhasa,Xizang,vice director Yang Le exchanged pleasantries with the guard in fluent Tibetan.Originally from Hunan Province,he has worked and lived here in Xizang for over 20 years."Now I see Xizang as my home,"he said with a smile.展开更多
Goh Boon Teck is the chief artistic director of Toy Factory,a Singaporean theater company founded in 1990.According to Goh,a group of young people decided to organize their own theater company due to a love for drama....Goh Boon Teck is the chief artistic director of Toy Factory,a Singaporean theater company founded in 1990.According to Goh,a group of young people decided to organize their own theater company due to a love for drama.The“Toy”in the name of the theater company comes from a Thai shadow puppet artist who worked with them,and“Factory”highlights the organization’s devotion to training theater practitioners for the art community.Goh said that in addition to staging productions,Toy Factory has also vigorously worked to discover new drama artists including actors,designers,and playwrights.展开更多
Enterprises are the primary entities responsible for the multi-governance of climate risks.Nevertheless,the obligations and duty performance systems for directors,as outlined in the new Company Law of the People’s Re...Enterprises are the primary entities responsible for the multi-governance of climate risks.Nevertheless,the obligations and duty performance systems for directors,as outlined in the new Company Law of the People’s Republic of China(the new Company Law),fall short of adequately addressing the internal demands necessary for effectively managing climate risks.Therefore,it is essential to enhance these systems by incorporating specific duties for directors related to climate issues.The accountability of directors for a company’s liability regarding damages caused by climate change is rooted in the evolving purpose of China’s Company Law,the directors’duty of diligence,and the practical demand for emission reduction.Pursuant to the directors’duties set forth by the Company Law,directors’climate responsibilities mainly include two aspects:diligence and loyalty.Diligence primarily involves the total or partial failure to consider and manage foreseeable significant climate risks.Loyalty pertains to the intentional neglect of significant climate-related risks or to decision-making that does not align with the principle of maximizing the company’s interests.To enforce directors’climate responsibilities,it is necessary to introduce provisions within the Company Law that address directors’duties to control climate risks and establish appropriate compensatory measures.Furthermore,developing evidence standards for directors’liability and overcoming the limitations associated with the objects of directors’fiduciary duties is crucial.In light of the“dual carbon”goals and the foreseeability of significant financial risks posed by climate change,directors are obliged to integrate climate change considerations into corporate strategy,supervision,and disclosure,thereby contributing to the restructure of the regulatory framework governing directors’responsibilities towards green and low-carbon transformation.展开更多
文摘On July 24th, Lectra's Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2025, which have been subject to a limited review by the Statutory Auditors.
文摘On June 9,2025,CIIS held a launch event for its research report“Promoting Modernization Across Countries Through the Global Development Initiative.”The event was attended by CIIS President Chen Bo,Ambassador of Barbados to China Hallam Henry,Ambassador of Grenada to China Ma Yan,Ambassador of Timor-Leste to China Loro Horta,Ambassador of Bolivia to China Hugo Siles,Ambassador of Venezuela to China Remigio Ceballos Ichaso,Ambassador of Nepal to China Krishna Prasad Oli,Vice Director of the China Foreign Languages Publishing Administration and President of the Institute of Contemporary China and the World Yu Yunquan,Director of the Institute of International Strategy at Party School of the Central Committee(National Academy of Governance)Wu Zhicheng,and Vice Chairman of the National Global Strategy Think Tank at Chinese Academy of Social Sciences Wang Lei,all of whom delivered remarks at the launch.
基金supported by the Humanities and Social Sciences Research Planning Project of the Ministry of Education:“A Study on Private Capital and Bank Stability”(No.19YJC790162).
文摘Management innovation is a key driver of total factor productivity and plays a crucial role in developing new quality productive forces.As China’s capital market continues to develop,the prevalence of common ownership—investors who hold significant stakes in multiple firms—has grown,raising the question of how it influences corporate management innovation.This study empirically investigates this issue using panel data from A-share listed companies in China between 2014 and 2022.The findings reveal an inverted U-shaped relationship between common ownership and management innovation.Specifically,institutional common ownership exerts no significant effect,while non-institutional common ownership exhibits a significant inverted U-shaped influence.Mechanism analysis suggests that common ownership often appoints shared directors,supervisors,and senior executives across firms,which in turn significantly impacts corporate management innovation.Further analysis indicates that common ownership in the primary and tertiary industries significantly influences management innovation,whereas that in the secondary industry does not show such an effect.This study offers valuable insights for corporate governance,business management,and investor decision-making and provides important references for policymakers in formulating governance-related regulations.
文摘In the context of China’s rapidly evolving capital market,the proliferation of listed companies has been a salient phenomenon.The quality of corporate governance has emerged as a pivotal factor in determining the success or failure of these entities.Research by Balsmeier et al.(2022)indicates that the greater the independence of a listed company’s board of directors,the higher its innovation output(both in terms of quantity and quality of patents)^([1]).This finding suggests a strong correlation between the performance of a company and the independence of its board.The present study has selected listed companies on the A-share market of the Shanghai Stock Exchange in 2013 as the subjects of its research.A sample of 960 companies was initially obtained from the CSMAR database.Following a rigorous financial data screening,a final sample of 944 valid companies was retained for further analysis.
文摘The Great Dunhuang Director:Zhang Xiaoying Length:Four Episodes Producer:China Central Television(CCTV)Broadcasting Platforms:CCTV,bilibili China’s western city of Dunhuang,having recorded the exchanges,communication,and integration that have transpired between Eastern and Western cultures,is a symbol and microcosm of history.This series of films showcases the history of trade,cultural,and artistic exchanges between China and Western countries through the story of Dunhuang.
文摘Directors:Mo Zhengxi,Liu Junsheng,Yan Zhenning Length:Eight Episodes Producers:Black Squirrel;Huashijian Broadcasting Platform:bilibili This documentary series focuses on the ecology of traditional Chinese dwellings,showing the architecture and lifestyle of people living in traditional houses.Bringing together China’s top academics in the field of residential research,the topics presented include the design,protection,and development of traditional Chinese residences,and the stories of people’s daily lives.
文摘What Are You Up To Today?Chief Director:Wu Zijuan Length:12 Episodes Producer:bilibili Broadcasting Platform:bilibili Produced by China’s YouTube-like video sharing platform bilibili,the film is a series of short documentaries presenting people's daily life in different jobs.It follows 12 individuals in their respective jobs and trades that keep society functioning.By focusing on their daily lives,the documentary films capture the hustle and bustle of the days that make up a hopeful life.
文摘If Treasures Could Talk Season IV Chief Director:Xu Huan Length:25 Episodes Producers:China Central Television(CCTV),and National Cultural Heritage Administration Broadcasting Platforms:bilibili,iQIYI,Tecent Video,Migu Video,and Youku The documentary series tells the stories of cultural relics from Song(960-1279)to Qing(1644-1911)dynasties in five-minute episodes.Through presenting the Chinese spirit,aesthetics,and values represented in each relic,it gives viewers a broader understanding of Chinese culture.
文摘Additive manufacturing(AM),a key technology in the evolution of Industry 4.0,has revolutionized production processes by enabling the precise,layer-by-layer fabrication of complex and customized components,enhancing efficiency and flexibility in smart manufacturing systems.However,one significant challenge hindering the acceptance of this technology is the limited print size,constrained by the machine’s small bed.To address this issue,a suitable polymer joining technique could be applied as a post-fabrication step.The present article examines findings on the Ultrasonic Welding(UW)of Material Extrusion(MEX)-3D printed parts made from commonly used thermoplastics,Acrylonitrile Butadiene Styrene(ABS)and Polylactic Acid(PLA).Key parameters in the process are identified and optimized through statistical methods,such as Design of Experiments(DOE),Taguchi,and Analysis of Variance(ANOVA).The findings showed that the material combination and the design of the energy directors had the greatest impact on the joint strength and elongation,leading to a joint efficiency increase of up to 174.52%.The research’s feasibility was additionally supported by applying the results to weld and fabricate a car’s rear wing and an agricultural drone,both of which demonstrated strong structural integrity.The proposed method is anticipated to increase acceptance of joining and welding techniques in the future,with UW showing significant potential for effectively joining 3D-printed parts and addressing the bed size limitations of 3D printers.
文摘Walking into the Institute of Plateau Biology(IPB in short)in Lhasa,Xizang,vice director Yang Le exchanged pleasantries with the guard in fluent Tibetan.Originally from Hunan Province,he has worked and lived here in Xizang for over 20 years."Now I see Xizang as my home,"he said with a smile.
文摘Goh Boon Teck is the chief artistic director of Toy Factory,a Singaporean theater company founded in 1990.According to Goh,a group of young people decided to organize their own theater company due to a love for drama.The“Toy”in the name of the theater company comes from a Thai shadow puppet artist who worked with them,and“Factory”highlights the organization’s devotion to training theater practitioners for the art community.Goh said that in addition to staging productions,Toy Factory has also vigorously worked to discover new drama artists including actors,designers,and playwrights.
基金funded by“Research on the Implementation and Compliance Mechanism of the Paris Agreement under the New Situation of International Climate Governance”(18SFB3047)a Young and Middle-aged Scholar Project of the Ministry of Justice.
文摘Enterprises are the primary entities responsible for the multi-governance of climate risks.Nevertheless,the obligations and duty performance systems for directors,as outlined in the new Company Law of the People’s Republic of China(the new Company Law),fall short of adequately addressing the internal demands necessary for effectively managing climate risks.Therefore,it is essential to enhance these systems by incorporating specific duties for directors related to climate issues.The accountability of directors for a company’s liability regarding damages caused by climate change is rooted in the evolving purpose of China’s Company Law,the directors’duty of diligence,and the practical demand for emission reduction.Pursuant to the directors’duties set forth by the Company Law,directors’climate responsibilities mainly include two aspects:diligence and loyalty.Diligence primarily involves the total or partial failure to consider and manage foreseeable significant climate risks.Loyalty pertains to the intentional neglect of significant climate-related risks or to decision-making that does not align with the principle of maximizing the company’s interests.To enforce directors’climate responsibilities,it is necessary to introduce provisions within the Company Law that address directors’duties to control climate risks and establish appropriate compensatory measures.Furthermore,developing evidence standards for directors’liability and overcoming the limitations associated with the objects of directors’fiduciary duties is crucial.In light of the“dual carbon”goals and the foreseeability of significant financial risks posed by climate change,directors are obliged to integrate climate change considerations into corporate strategy,supervision,and disclosure,thereby contributing to the restructure of the regulatory framework governing directors’responsibilities towards green and low-carbon transformation.
