This paper compares the predictive power of credit scoring models based on machine learning techniques with that of traditional loss and default models. Using proprietary transaction-level data from a leading fintech company in China for the period between May and September 2017, we test the...

Individual income tax (IIT) contributes to the national fiscal revenue in China, although not in such a large portion as that in more developed jurisdictions. The year 2019 saw the most significant IIT reform in China since 1994. For the first time, itemized deductions and personalized costs are...

The Global Competitiveness Index reveals that Hong Kong’s relative underperformance compared to Singapore is because it has lagged behind in boosting local innovation and performed less satisfactorily in technological advancement. This can be regarded as a result of inadequate government...

The expansion of information exchange networks means that the world seems to be becoming more transparent. This expansion has been accelerated by the exposure of secrecy jurisdictions that facilitate tax evasion and avoidance, while the abuse of bank secrecy justifies national and international...

Introduction -- Literature Reviews and Analytical Framework -- Sovereign Dollar: “The Dollar Is Our Currency, but It's Your Problem” -- Regional Euro: “Creative, Ambitious, but Trapped” -- Rising RMB: “The Elephant in the Room” -- Supranational SDRs: Another Way worth Trying? --...

Ensuring global food security while minimizing negative effects on the environment is still a paramount challenge for sustainable transition. Meanwhile, access to affordable and clean energy services is crucial for accelerating the transition of sustainable agriculture. However, the impact of...

Ensuring food security with minimal energy consumption in agriculture is still a paramount problem in China. Meanwhile, access to affordable and clean energy services in the rural areas is crucial for accelerating the transition of sustainable agriculture. The impact of rural energy poverty...