Machine Learning algorithms have been widely used and proven effective in financial markets. In this paper, we introduced a Machine Learning model set trained on the residual factors from the Fama-French three-factor model (Fama and French, 1992) to find significant alpha factors. To include...

We find that companies listed on China’s A-share market have a strong stock price performance within a month after IPO, and underperform a month later. Such a conclusion on the post-IPO performance is quite different from the prior research. We believe the phenomenon is mainly generated by...

Drawing on the Law & Religious Market theory, this Chapter utilizes the case study of China to explain 1) how regulation of ostensibly non-economically motivated activities (i.e., religion and charity) can be properly conceived as a form of market regulation; and, 2) how such a conception can...

Chinese Abstract:...

This Article critically examines the design of property rights for emerging natural resources — naturally occurring substances that humans have only recently come to be able to exploit viably — through a case study of how the fifty states allocate ownership in, and regulate the use of,...

In this paper, we analyze the different civil enforcement regimes of China, US and Taiwan to answer how China should reform her securities civil actions. Drawing on the latest scholarships and empirical studies, we examine the inadequacies of the US class actions in achieving the goals of...

The passage of the Heilongjiang Province Regulation on Climate Resources Survey and Protection (the “Regulation”) that regulates wind and solar energy generation sparked a public furor because it contains a provision that stipulates, “climate resources are owned by the state.” As a case...

When a government announces that an existing law will be amended and that the amendment, when finally enacted by the legislature, will be made effective from the announcement date, it is natural and inevitable that private entities will conduct their activities on the basis of the amended law...