We propose a suite of strategies for the parallel solution of fully implicit monolithic fluid-structure interaction(FSI).The solver is based on a modeling approach that uses the velocity and pressure as the primitive ...We propose a suite of strategies for the parallel solution of fully implicit monolithic fluid-structure interaction(FSI).The solver is based on a modeling approach that uses the velocity and pressure as the primitive variables,which offers a bridge between computational fluid dynamics(CFD)and computational structural dynamics.The spatiotemporal discretization leverages the variational multiscale formulation and the generalized-αmethod as a means of providing a robust discrete scheme.In particular,the time integration scheme does not suffer from the overshoot phenomenon and optimally dissipates high-frequency spurious modes in both subproblems of FSI.Based on the chosen fully implicit scheme,we systematically develop a combined suite of nonlinear and linear solver strategies.Invoking a block factorization of the Jacobian matrix,the Newton-Raphson procedure is reduced to solving two smaller linear systems in the multi-corrector stage.The first is of the elliptic type,indicating that the algebraic multigrid method serves as a well-suited option.The second exhibits a two-by-two block structure that is analogous to the system arising in CFD.Inspired by prior studies,the additive Schwarz domain decomposition method and the block-factorization-based preconditioners are invoked to address the linear problem.Since the number of unknowns matches in both subdomains,it is straightforward to balance loads when parallelizing the algorithm for distributed-memory architectures.We use two representative FSI benchmarks to demonstrate the robustness,efficiency,and scalability of the overall FSI solver framework.In particular,it is found that the developed FSI solver is comparable to the CFD solver in several aspects,including fixed-size and isogranular scalability as well as robustness.展开更多
Realistic human reconstruction embraces an extensive range of applications as depth sensors advance.However,current stateof-the-art methods with RGB-D input still suffer from artefacts,such as noisy surfaces,non-human...Realistic human reconstruction embraces an extensive range of applications as depth sensors advance.However,current stateof-the-art methods with RGB-D input still suffer from artefacts,such as noisy surfaces,non-human shapes,and depth ambiguity,especially for the invisible parts.The authors observe the main issue is the lack of geometric semantics without using depth input priors fully.This paper focuses on improving the representation ability of implicit function,exploring an effective method to utilise depth-related semantics effectively and efficiently.The proposed geometry-enhanced implicit function enhances the geometric semantics with the extra voxel-aligned features from point clouds,promoting the completion of missing parts for unseen regions while preserving the local details on the input.For incorporating multi-scale pixel-aligned and voxelaligned features,the authors use the Squeeze-and-Excitation attention to capture and fully use channel interdependencies.For the multi-view reconstruction,the proposed depth-enhanced attention explicitly excites the network to“sense”the geometric structure for a more reasonable feature aggregation.Experiments and results show that our method outperforms current RGB and depth-based SOTA methods on the challenging data from Twindom and Thuman3.0,and achieves a detailed and completed human reconstruction,balancing performance and efficiency well.展开更多
The accuracy of numerical computation heavily relies on appropriate meshing,whichserves as the foundation for numerical computation.Although adaptive refinement methods areavailable,an adaptive numerical solution is l...The accuracy of numerical computation heavily relies on appropriate meshing,whichserves as the foundation for numerical computation.Although adaptive refinement methods areavailable,an adaptive numerical solution is likely to be ineffective if it originates from a poorly ini-tial mesh.Therefore,it is crucial to generate meshes that accurately capture the geometric features.As an indispensable input in meshing methods,the Mesh Size Function(MSF)determines the qual-ity of the generated mesh.However,the current generation of MSF involves human participation tospecify numerous parameters,leading to difficulties in practical usage.Considering the capacity ofmachine learning to reveal the latent relationships within data,this paper proposes a novel machinelearning method,Implicit Geometry Neural Network(IGNN),for automatic prediction of appro-priate MSFs based on the existing mesh data,enabling the generation of unstructured meshes thatalign precisely with geometric features.IGNN employs the generative adversarial theory to learnthe mapping between the implicit representation of the geometry(Signed Distance Function,SDF)and the corresponding MSF.Experimental results show that the proposed method is capableof automatically generating appropriate meshes and achieving comparable meshing results com-pared to traditional methods.This paper demonstrates the possibility of significantly decreasingthe workload of mesh generation using machine learning techniques,and it is expected to increasethe automation level of mesh generation.展开更多
Although conventional object detection methods achieve high accuracy through extensively annotated datasets,acquiring such large-scale labeled data remains challenging and cost-prohibitive in numerous real-world appli...Although conventional object detection methods achieve high accuracy through extensively annotated datasets,acquiring such large-scale labeled data remains challenging and cost-prohibitive in numerous real-world applications.Few-shot object detection presents a new research idea that aims to localize and classify objects in images using only limited annotated examples.However,the inherent challenge in few-shot object detection lies in the insufficient sample diversity to fully characterize the sample feature distribution,which consequently impacts model performance.Inspired by contrastive learning principles,we propose an Implicit Feature Contrastive Learning(IFCL)module to address this limitation and augment feature diversity for more robust representational learning.This module generates augmented support sample features in a mixed feature space and implicitly contrasts them with query Region of Interest(RoI)features.This approach facilitates more comprehensive learning of both intra-class feature similarity and inter-class feature diversity,thereby enhancing the model’s object classification and localization capabilities.Extensive experiments on PASCAL VOC show that our method achieves a respective improvement of 3.2%,1.8%,and 2.3%on 10-shot of three Novel Sets compared to the baseline model FPD.展开更多
Presents a study that investigated the generalization of the reverse order implicit Q-theorem and its truncated version to the unsymmetric case. Background on the application of the Arnoldi process formulations for a ...Presents a study that investigated the generalization of the reverse order implicit Q-theorem and its truncated version to the unsymmetric case. Background on the application of the Arnoldi process formulations for a Krylov subspace; Computation of the vector sequence and the resulting Hessenberg matrix; Numerical results.展开更多
Three-dimensional surfaces are typically modeled as implicit surfaces.However,direct rendering of implicit surfaces is not simple,especially when such surfaces contain finely detailed shapes.One approach is ray-castin...Three-dimensional surfaces are typically modeled as implicit surfaces.However,direct rendering of implicit surfaces is not simple,especially when such surfaces contain finely detailed shapes.One approach is ray-casting,where the field of the implicit surface is assumed to be piecewise polynomials defined on the grid of a rectangular domain.A critical issue for direct rendering based on ray-casting is the computational cost of finding intersections between surfaces and rays.In particular,ray-casting requires many function evaluations along each ray,severely slowing the rendering speed.In this paper,a method is proposed to achieve direct rendering of polynomial-based implicit surfaces in real-time by strategically narrowing the search range and designing the shader to exploit the structure of piecewise polynomials.In experiments,the proposed method achieved a high framerate performance for different test cases,with a speed-up factor ranging from 1.1 to 218.2.In addition,the proposed method demonstrated better efficiency with high cell resolution.In terms of memory consumption,the proposed method saved between 90.94%and 99.64%in different test cases.Generally,the proposed method became more memory-efficient as the cell resolution increased.展开更多
We propose a simple embedding method for computing the eigenvalues and eigenfunctions of the Laplace-Beltrami operator on implicit surfaces.The approach follows an embedding approach for solving the surface eikonal eq...We propose a simple embedding method for computing the eigenvalues and eigenfunctions of the Laplace-Beltrami operator on implicit surfaces.The approach follows an embedding approach for solving the surface eikonal equation.We replace the differential operator on the interface with a typical Cartesian differential operator in the surface neighborhood.Our proposed algorithm is easy to implement and efficient.We will give some two-and three-dimensional numerical examples to demonstrate the effectiveness of our proposed approach.展开更多
BACKGROUND Panic disorder(PD)involves emotion dysregulation,but its underlying mechanisms remain poorly understood.Previous research suggests that implicit emotion regulation may play a central role in PD-related emot...BACKGROUND Panic disorder(PD)involves emotion dysregulation,but its underlying mechanisms remain poorly understood.Previous research suggests that implicit emotion regulation may play a central role in PD-related emotion dysregulation and symptom maintenance.However,there is a lack of studies exploring the neural mechanisms of implicit emotion regulation in PD using neurophysiological indicators.AIM To study the neural mechanisms of implicit emotion regulation in PD with eventrelated potentials(ERP).METHODS A total of 25 PD patients and 20 healthy controls(HC)underwent clinical evaluations.The study utilized a case-control design with random sampling,selecting participants for the case group from March to December 2018.Participants performed an affect labeling task,using affect labeling as the experimental condition and gender labeling as the control condition.ERP and behavioral data were recorded to compare the late positive potential(LPP)within and between the groups.RESULTS Both PD and HC groups showed longer reaction times and decreased accuracy under the affect labeling.In the HC group,late LPP amplitudes exhibited a dynamic pattern of initial increase followed by decrease.Importantly,a significant group×condition interaction effect was observed.Simple effect analysis revealed a reduction in the differences of late LPP amplitudes between the affect labeling and gender labeling conditions in the PD group compared to the HC group.Furthermore,among PD patients under the affect labeling,the late LPP was negatively correlated with disease severity,symptom frequency,and intensity.CONCLUSION PD patients demonstrate abnormalities in implicit emotion regulation,hampering their ability to mobilize cognitive resources for downregulating negative emotions.The late LPP amplitude in response to affect labeling may serve as a potentially valuable clinical indicator of PD severity.展开更多
To enhance the stability of helicopter maneuvers during task execution,a composite trajectory tracking controller design based on the implicit model(IM)and linear active disturbance rejection control(LADRC)is proposed...To enhance the stability of helicopter maneuvers during task execution,a composite trajectory tracking controller design based on the implicit model(IM)and linear active disturbance rejection control(LADRC)is proposed.Initially,aerodynamic models of the main and tail rotor are created using the blade element theory and the uniform inflow assumption.Subsequently,a comprehensive flight dynamic model of the helicopter is established through fitting aerodynamic force fitting.Subsequently,for precise helicopter maneuvering,including the spiral,spiral up,and Ranversman maneuver,a regular trim is undertaken,followed by minor perturbation linearization at the trim point.Utilizing the linearized model,controllers are created for the IM attitude inner loop and LADRC position outer loop of the helicopter.Ultimately,a comparison is made between the maneuver trajectory tracking results of the IM‑LADRC and the conventional proportional-integral-derivative(PID)control method is performed.Experimental results demonstrate that utilizing the post-trim minor perturbation linearized model in combination with the IM‑LADRC method can achieve higher precision in tracking results,thus enhancing the accuracy of helicopter maneuver execution.展开更多
Objective: To explore the utilization of implicit nursing knowledge in the teaching of cardiovascular internal medicine nursing and to provide a reference for improving the quality and efficiency of cardiovascular int...Objective: To explore the utilization of implicit nursing knowledge in the teaching of cardiovascular internal medicine nursing and to provide a reference for improving the quality and efficiency of cardiovascular internal medicine nursing work. Methods: Thirty-six trainee nurses working in the cardiovascular internal medicine department of our hospital from September 2022 to September 2023 were selected and randomly divided into a control group and an observation group of 18 trainees each. The control adopted the traditional teaching methods while the observation group adopted the implicit nursing knowledge in their clinical practice work. The assessment scores and teamwork ability of the two groups were analyzed and compared. Results: The performance of the observation group was better than that of the control group, and the difference between the two groups was statistically significant (P < 0.05). The teamwork ability of the observation group was significantly better than that of the control group in teamwork ability (P < 0.05). Conclusion: Implicit nursing knowledge teaching is conducive to the cultivation of high-quality nursing talents and meets the development needs of hospitals. Therefore, the importance of implicit nursing knowledge should be strengthened in the teaching of cardiovascular internal medicine nursing and it should be comprehensively organized to improve the quality of nursing services.展开更多
Financing sources for urban construction have garnered significant attention globally.Among various financing methods,the urban construction investment bond(UCIB)is unique to China.The UCIB credit spread,which represe...Financing sources for urban construction have garnered significant attention globally.Among various financing methods,the urban construction investment bond(UCIB)is unique to China.The UCIB credit spread,which represents the compensation for credit risk,has become a focal point for researchers.However,owing to shortcomings of previous approaches,few scholars have accurately assessed the impact of implicit government guarantees on credit spreads.This study introduces an innovative approach that uses orthogonal decomposition to extract proprietary information from credit ratings,reflecting implicit government guarantees.After accounting for bond factors,local government financing vehicle factors,and macroeconomic conditions,the implicit government guarantee substantially reduces the UCIB's credit spread.This conclusion remains robust when controlling for investor attention,regional factors,or duration.展开更多
基金This work was supported by the National Natural Science Foundation of China(Grant No.12172160)Shenzhen Science and Technology Program(Grant No.JCYJ20220818100600002)+1 种基金South-ern University of Science and Technology(Grant No.Y01326127)the Department of Science and Technology of Guangdong Province(Grant Nos.2020B1212030001 and 2021QN020642).
文摘We propose a suite of strategies for the parallel solution of fully implicit monolithic fluid-structure interaction(FSI).The solver is based on a modeling approach that uses the velocity and pressure as the primitive variables,which offers a bridge between computational fluid dynamics(CFD)and computational structural dynamics.The spatiotemporal discretization leverages the variational multiscale formulation and the generalized-αmethod as a means of providing a robust discrete scheme.In particular,the time integration scheme does not suffer from the overshoot phenomenon and optimally dissipates high-frequency spurious modes in both subproblems of FSI.Based on the chosen fully implicit scheme,we systematically develop a combined suite of nonlinear and linear solver strategies.Invoking a block factorization of the Jacobian matrix,the Newton-Raphson procedure is reduced to solving two smaller linear systems in the multi-corrector stage.The first is of the elliptic type,indicating that the algebraic multigrid method serves as a well-suited option.The second exhibits a two-by-two block structure that is analogous to the system arising in CFD.Inspired by prior studies,the additive Schwarz domain decomposition method and the block-factorization-based preconditioners are invoked to address the linear problem.Since the number of unknowns matches in both subdomains,it is straightforward to balance loads when parallelizing the algorithm for distributed-memory architectures.We use two representative FSI benchmarks to demonstrate the robustness,efficiency,and scalability of the overall FSI solver framework.In particular,it is found that the developed FSI solver is comparable to the CFD solver in several aspects,including fixed-size and isogranular scalability as well as robustness.
基金supported by the National Key R&D Programme of China(2022YFF0902200).
文摘Realistic human reconstruction embraces an extensive range of applications as depth sensors advance.However,current stateof-the-art methods with RGB-D input still suffer from artefacts,such as noisy surfaces,non-human shapes,and depth ambiguity,especially for the invisible parts.The authors observe the main issue is the lack of geometric semantics without using depth input priors fully.This paper focuses on improving the representation ability of implicit function,exploring an effective method to utilise depth-related semantics effectively and efficiently.The proposed geometry-enhanced implicit function enhances the geometric semantics with the extra voxel-aligned features from point clouds,promoting the completion of missing parts for unseen regions while preserving the local details on the input.For incorporating multi-scale pixel-aligned and voxelaligned features,the authors use the Squeeze-and-Excitation attention to capture and fully use channel interdependencies.For the multi-view reconstruction,the proposed depth-enhanced attention explicitly excites the network to“sense”the geometric structure for a more reasonable feature aggregation.Experiments and results show that our method outperforms current RGB and depth-based SOTA methods on the challenging data from Twindom and Thuman3.0,and achieves a detailed and completed human reconstruction,balancing performance and efficiency well.
基金co-supported by the Aeronautical Science Foundation of China(Nos.2018ZA52002 and 2019ZA052011)。
文摘The accuracy of numerical computation heavily relies on appropriate meshing,whichserves as the foundation for numerical computation.Although adaptive refinement methods areavailable,an adaptive numerical solution is likely to be ineffective if it originates from a poorly ini-tial mesh.Therefore,it is crucial to generate meshes that accurately capture the geometric features.As an indispensable input in meshing methods,the Mesh Size Function(MSF)determines the qual-ity of the generated mesh.However,the current generation of MSF involves human participation tospecify numerous parameters,leading to difficulties in practical usage.Considering the capacity ofmachine learning to reveal the latent relationships within data,this paper proposes a novel machinelearning method,Implicit Geometry Neural Network(IGNN),for automatic prediction of appro-priate MSFs based on the existing mesh data,enabling the generation of unstructured meshes thatalign precisely with geometric features.IGNN employs the generative adversarial theory to learnthe mapping between the implicit representation of the geometry(Signed Distance Function,SDF)and the corresponding MSF.Experimental results show that the proposed method is capableof automatically generating appropriate meshes and achieving comparable meshing results com-pared to traditional methods.This paper demonstrates the possibility of significantly decreasingthe workload of mesh generation using machine learning techniques,and it is expected to increasethe automation level of mesh generation.
基金funded by the China Chongqing Municipal Science and Technology Bureau,grant numbers CSTB2024TIAD-CYKJCXX0009,CSTB2024NSCQ-LZX0043,CSTB2022NSCQ-MSX0288Chongqing Municipal Commission of Housing and Urban-Rural Development,grant number CKZ2024-87+3 种基金the Chongqing University of Technology Graduate Education High-Quality Development Project,grant number gzlsz202401the Chongqing University of Technology—Chongqing LINGLUE Technology Co.,Ltd.Electronic Information(Artificial Intelligence)Graduate Joint Training Basethe Postgraduate Education and Teaching Reform Research Project in Chongqing,grant number yjg213116the Chongqing University of Technology-CISDI Chongqing Information Technology Co.,Ltd.Computer Technology Graduate Joint Training Base.
文摘Although conventional object detection methods achieve high accuracy through extensively annotated datasets,acquiring such large-scale labeled data remains challenging and cost-prohibitive in numerous real-world applications.Few-shot object detection presents a new research idea that aims to localize and classify objects in images using only limited annotated examples.However,the inherent challenge in few-shot object detection lies in the insufficient sample diversity to fully characterize the sample feature distribution,which consequently impacts model performance.Inspired by contrastive learning principles,we propose an Implicit Feature Contrastive Learning(IFCL)module to address this limitation and augment feature diversity for more robust representational learning.This module generates augmented support sample features in a mixed feature space and implicitly contrasts them with query Region of Interest(RoI)features.This approach facilitates more comprehensive learning of both intra-class feature similarity and inter-class feature diversity,thereby enhancing the model’s object classification and localization capabilities.Extensive experiments on PASCAL VOC show that our method achieves a respective improvement of 3.2%,1.8%,and 2.3%on 10-shot of three Novel Sets compared to the baseline model FPD.
基金Supported by the Special Funds for Major State Basic Research Projects (G1999032805), the Foundation for Excellent Young Scholars of the Ministry of Education, the Research Fund for the Doctoral Program of Higher Education and the Foundation for Key Teac
文摘Presents a study that investigated the generalization of the reverse order implicit Q-theorem and its truncated version to the unsymmetric case. Background on the application of the Arnoldi process formulations for a Krylov subspace; Computation of the vector sequence and the resulting Hessenberg matrix; Numerical results.
基金supported by JSPS KAKENHI Grant Number 21K11928。
文摘Three-dimensional surfaces are typically modeled as implicit surfaces.However,direct rendering of implicit surfaces is not simple,especially when such surfaces contain finely detailed shapes.One approach is ray-casting,where the field of the implicit surface is assumed to be piecewise polynomials defined on the grid of a rectangular domain.A critical issue for direct rendering based on ray-casting is the computational cost of finding intersections between surfaces and rays.In particular,ray-casting requires many function evaluations along each ray,severely slowing the rendering speed.In this paper,a method is proposed to achieve direct rendering of polynomial-based implicit surfaces in real-time by strategically narrowing the search range and designing the shader to exploit the structure of piecewise polynomials.In experiments,the proposed method achieved a high framerate performance for different test cases,with a speed-up factor ranging from 1.1 to 218.2.In addition,the proposed method demonstrated better efficiency with high cell resolution.In terms of memory consumption,the proposed method saved between 90.94%and 99.64%in different test cases.Generally,the proposed method became more memory-efficient as the cell resolution increased.
基金supported in part by the Hong Kong RGC 16302223.
文摘We propose a simple embedding method for computing the eigenvalues and eigenfunctions of the Laplace-Beltrami operator on implicit surfaces.The approach follows an embedding approach for solving the surface eikonal equation.We replace the differential operator on the interface with a typical Cartesian differential operator in the surface neighborhood.Our proposed algorithm is easy to implement and efficient.We will give some two-and three-dimensional numerical examples to demonstrate the effectiveness of our proposed approach.
基金Supported by The National Natural Science Foundation of China,No.81871080the Key R&D Program of Jining(Major Program),No.2023YXNS004+2 种基金the National Natural Science Foundation of China,No.81401486the Natural Science Foundation of Liaoning Province of China,No.20170540276the Medicine and Health Science Technology Development Program of Shandong Province,No.202003070713.
文摘BACKGROUND Panic disorder(PD)involves emotion dysregulation,but its underlying mechanisms remain poorly understood.Previous research suggests that implicit emotion regulation may play a central role in PD-related emotion dysregulation and symptom maintenance.However,there is a lack of studies exploring the neural mechanisms of implicit emotion regulation in PD using neurophysiological indicators.AIM To study the neural mechanisms of implicit emotion regulation in PD with eventrelated potentials(ERP).METHODS A total of 25 PD patients and 20 healthy controls(HC)underwent clinical evaluations.The study utilized a case-control design with random sampling,selecting participants for the case group from March to December 2018.Participants performed an affect labeling task,using affect labeling as the experimental condition and gender labeling as the control condition.ERP and behavioral data were recorded to compare the late positive potential(LPP)within and between the groups.RESULTS Both PD and HC groups showed longer reaction times and decreased accuracy under the affect labeling.In the HC group,late LPP amplitudes exhibited a dynamic pattern of initial increase followed by decrease.Importantly,a significant group×condition interaction effect was observed.Simple effect analysis revealed a reduction in the differences of late LPP amplitudes between the affect labeling and gender labeling conditions in the PD group compared to the HC group.Furthermore,among PD patients under the affect labeling,the late LPP was negatively correlated with disease severity,symptom frequency,and intensity.CONCLUSION PD patients demonstrate abnormalities in implicit emotion regulation,hampering their ability to mobilize cognitive resources for downregulating negative emotions.The late LPP amplitude in response to affect labeling may serve as a potentially valuable clinical indicator of PD severity.
基金supported in part by the National Natural Science Foundation of China(No.12032012)the Key Discipline Construction Project of Colleges and Universities in Jiangsu Province.
文摘To enhance the stability of helicopter maneuvers during task execution,a composite trajectory tracking controller design based on the implicit model(IM)and linear active disturbance rejection control(LADRC)is proposed.Initially,aerodynamic models of the main and tail rotor are created using the blade element theory and the uniform inflow assumption.Subsequently,a comprehensive flight dynamic model of the helicopter is established through fitting aerodynamic force fitting.Subsequently,for precise helicopter maneuvering,including the spiral,spiral up,and Ranversman maneuver,a regular trim is undertaken,followed by minor perturbation linearization at the trim point.Utilizing the linearized model,controllers are created for the IM attitude inner loop and LADRC position outer loop of the helicopter.Ultimately,a comparison is made between the maneuver trajectory tracking results of the IM‑LADRC and the conventional proportional-integral-derivative(PID)control method is performed.Experimental results demonstrate that utilizing the post-trim minor perturbation linearized model in combination with the IM‑LADRC method can achieve higher precision in tracking results,thus enhancing the accuracy of helicopter maneuver execution.
文摘Objective: To explore the utilization of implicit nursing knowledge in the teaching of cardiovascular internal medicine nursing and to provide a reference for improving the quality and efficiency of cardiovascular internal medicine nursing work. Methods: Thirty-six trainee nurses working in the cardiovascular internal medicine department of our hospital from September 2022 to September 2023 were selected and randomly divided into a control group and an observation group of 18 trainees each. The control adopted the traditional teaching methods while the observation group adopted the implicit nursing knowledge in their clinical practice work. The assessment scores and teamwork ability of the two groups were analyzed and compared. Results: The performance of the observation group was better than that of the control group, and the difference between the two groups was statistically significant (P < 0.05). The teamwork ability of the observation group was significantly better than that of the control group in teamwork ability (P < 0.05). Conclusion: Implicit nursing knowledge teaching is conducive to the cultivation of high-quality nursing talents and meets the development needs of hospitals. Therefore, the importance of implicit nursing knowledge should be strengthened in the teaching of cardiovascular internal medicine nursing and it should be comprehensively organized to improve the quality of nursing services.
基金supported by grants from Major Program of National Social Science Foundation(No.22&ZDo73).
文摘Financing sources for urban construction have garnered significant attention globally.Among various financing methods,the urban construction investment bond(UCIB)is unique to China.The UCIB credit spread,which represents the compensation for credit risk,has become a focal point for researchers.However,owing to shortcomings of previous approaches,few scholars have accurately assessed the impact of implicit government guarantees on credit spreads.This study introduces an innovative approach that uses orthogonal decomposition to extract proprietary information from credit ratings,reflecting implicit government guarantees.After accounting for bond factors,local government financing vehicle factors,and macroeconomic conditions,the implicit government guarantee substantially reduces the UCIB's credit spread.This conclusion remains robust when controlling for investor attention,regional factors,or duration.
