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The tail risk safe haven property of China's energy futures against US market implied volatility

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Journal of management Science and Engineering 2024年第2期9卷 271-291页

作者： Xingyu Dai Peng-Fei Dai Qunwei Wang Zhi-Yi Ouyang College of Economics and management Nanjing University of Aeronautics and AstronauticsNanjing211106China Research center for Soft Energy Science Nanjing University of Aeronautics and AstronauticsNanjing211106China School of management Wuhan University of TechnologyWuhan430070China Research Institute of Digital Governance and management Decision Innovation Wuhan University of TechnologyWuhan430070China Huafu Fund management Co. Ltd.ShanghaiChina

This paper analyses the tail risk contagion of US market implied volatility(USIV)on China's energy futures(CEF)markets,exploring how to utilize operations in the CEF to achieve a safe *** CEF characteristics to simultaneously take both long-/short-positions and engage in long-/short-run investment horizons,this paper defines eight different CEF safe haven attributes to counteract the tail risk of extreme increases in *** trading data from March 27,2018,to October 30,2023,the empirical results show that,first,in the analysis of the entire sample period,China's coking coal futures can serve as a weak safe haven,aiding long-position investors in mitigating the tail risks associated with US gold and stock market implied *** coal futures also assist short-position investors in countering US stock market implied volatility tail ***,in the sub-period analysis,the safe haven attributes of CEF exhibit strong heterogeneity and asymmetry across different ***,the time span during which CEF exhibits a particular safe haven attribute does not persist for an extended period.

关键词： China's energy futures Safe havenImplied volatility Multi-timescale analysis Cross-quantilogram model

Establishment and Application of a Radiation Dose Rate Model for Nuclear Medicine Examinees

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China CDC weekly 2024年第23期6卷 553-557,I0019-I0025页

作者： Yuehua Hu Xinyu He Wenjia Zhao Lixin Ding Meiying You Zihan Li Xinyu Liu Miaomiao Wang Siyi Chen Ziwei Lu Lei Qu Kuke Ding Li Zhang Qiuxian Fu Office of Epidemiology Chinese Center for Disease Control and PreventionBeijingChina Department of Oncology Central Hospital Affiliated to Shandong First Medical UniversityJinan CityShandong ProvinceChina National Institute for Radiological Protection Chinese Center for Disease Control and PreventionBeijingChina National center for Chronic and Noncommunicable Disease Control and Prevention Chinese Center for Disease Control and PreventionBeijingChina Laboratory Animal center Chinese Center for Disease Control and PreventionBeijingChina National Institute of Parasitic Diseases Chinese Center for Disease Control and PreventionShanghaiChina Office of Public Health management Chinese Center for Disease Control and PreventionBeijingChina Hainan Medical University Haikou CityHainan ProvinceChina

Introduction:Traditional methods for determining radiation dose in nuclear medicine include the Monte Carlo method,the discrete ordinate method,and the point kernel integration *** study presents a new mathematical model for predicting the radiation dose rate in the vicinity of nuclear medicine ***:A new algorithm was created by combining the physical model of“cylinder superposition”of the human body with integral analysis to assess the radiation dose rate in the vicinity of nuclear medicine ***:The model accurately predicted radiation dose rates within distances of 0.1–3.0 m,with a deviation of less than 11%compared to observed *** model demonstrated greater accuracy at shorter distances from the radiation source,with a deviation of only 1.55%from observed values at 0.1 ***:The model proposed in this study effectively represents the spatial and temporal distribution of the radiation field around nuclear medicine patients and demonstrates good agreement with actual *** model has the potential to serve as a radiation dose rate alert system in hospital environments.

关键词： method. deviation cylinder

Bariatric surgery and diabetes:Current challenges and perspectives

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World Journal of Diabetes 2024年第8期15卷 1692-1703页

作者： Yan-Fei He Xiao-Dong Hu Jun-Qiang Liu Hu-Ming Li Shuang-Feng Lu Health management center The Sixth Medical CenterChinese PLA General HospitalBeijing 100048China Department of Endocrinology The Sixth Medical CenterChinese PLA General HospitalBeijing 100048China Department of Thoracic Surgery The Sixth Medical CenterChinese PLA General HospitalBeijing 100048China Department of Respiratory Medicine The Sixth Medical CenterChinese PLA General HospitalBeijing 100048China

Diabetes mellitus(DM)and obesity have become public issues of global *** surgery for the treatment of obesity combined with type 2 DM has been shown to be a safe and effective approach;however,there are limited studies that have systematically addressed the challenges of surgical treatment of obesity combined with *** this review,we summarize and answer the most pressing questions in the field of surgical treatment of obesity-associated DM.I believe that our insights will be of great help to clinicians in their daily practice.

关键词： Bariatric surgery Diabetes mellitus Obesity Metabolic surgery Challenge

How Does Government ProcurementPromote Enterprise Innovation?—On the Synergy between Demand-Pull and Supply-Push of Innovation Policies

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Frontiers of Economics in China-Selected Publications from Chinese Universities 2024年第1期19卷 1-29页

作者： SUN Wei YE Chusheng Economics and management School Wuhan UniversityWuhan 430072China center for Economic Development Research(CEDR) Wuhan UniversityWuhan 430072China

The promotion of technological innovation in firms requires both the supply-push and the *** accurately identify,assess,and further enhance the incentive effects of the policies of government procurement for innovation in China,this paper uses the text analysis method to identify government procurement for innovation from more than 640,000 pieces of government procurement contracts and conducts an empirical analysis based on the data of China's A-share listed firms from 2015 to *** study finds that government procurement for innovation significantly promotes corporate innovation by increasing the expected market returns,reducing R&D uncertainty,and easing financing ***,local government procurement for innovation,central government procurement for innovation,and procurement for innovation by universities and research institutes bring more significant innovation incentives for firms;and government procurement for innovation generates stronger innovation incentives for firms in strategic and emerging industries,private firms,and small-and medium-sized *** analysis reveals that demandside innovation procurement and supply-side innovation subsidies generally have mutually reinforcing synergies on corporate *** policy synergies vary depending on the levels of corporate innovation and the orders of policy *** terms of the levels of corporate innovation,the two-sided policies has mutually complementary effects on innovation-leading firms and mutually exclusive effects on innovation-lagging *** the perspective of the orders of policy implementation,the strategy of supply-side subsidies first,and demand-side procurement second is more effective in promoting corporate innovation than the strategies of demand-side procurement first and supply-side subsidies second,and supply-side subsidies and demand-side procurement *** study helps deepen the understanding of demand-side innovation sup

关键词： government procurement government procurement for innovation corporate innovation innovationpolicy

Research on Regional Differences and Influencing Factors of China's Carbon Emissions

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Journal of Systems Science and Information 2024年第2期12卷 161-190页

作者： Likang ZHANG Jichang DONG Zhi DONG School of Economics and management University of Chinese Academy of SciencesBeijing 100190China Technology and Engineering center for Space Utilization Chinese Academy of SciencesBeijing 100045China

This paper studies the regional differences,dynamic evolution and influencing factors of regional carbon emission intensity(CEI)in 262 cities and 5 regional urban agglomerations(UAs)in *** Dagum Gini coefficient is used to analyze the intra-regional and inter-regional differences in carbon emissions,and the temporal evolution of the absolute differences of CEI among regions is analyzed by means of kernel density estimation(KDE).The paper provides an in-depth study on the spatial difference and temporal evolution of CEI in Chinese cities and major strategic *** Moran index and LISA’s test,the spatial correlation of carbon emission in prefecture-level cities is tested,and its spatial agglomeration characteristics are *** is found that China’s CEI is decreasing year by year,presenting a spatial pattern of“low in the south but high in the north”.Based on the calculation of carbon emission intensity at the urban level,this paper conducts LDMI factor decomposition research on carbon emission intensity at the national and key regions,and analyzes the impact of the impact factors on carbon emission *** research results provide a path for China’s green development at the city level and urban agglomeration level,and a theoretical support for different regions and cities to introduce emission and carbon reduction policies.

关键词： carbon emission intensity regional differences industrial structure

Risk assessment of oil and gas investment environment in countries along the Belt and Road Initiative

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Petroleum Science 2024年第2期21卷 1429-1443页

作者： Bao-Jun Tang Chang-Jing Ji Yu-Xian Zheng Kang-Ning Liu Yi-Fei Ma Jun-Yu Chen center for Energy and Environmental Policy Research Beijing Institute of TechnologyBeijing100081China School of management and Economics Beijing Institute of TechnologyBeijing100081China Collaborative Innovation center of Electric Vehicles in Beijing BeijingChina Sustainable Development Research Institute for Economy and Society of Beijing BeijingChina Institute of Carbon Neutrality ShanghaiTech UniversityShanghai201210China

With the implementation of the Belt and Road Initiative, China is deepening its cooperation in oil and gas resources with countries along the Initiative. In order to better mitigate risks and enhance the safety of investments, it is of significant importance to research the oil and gas investment environment in these countries for China's overseas investment macro-layout. This paper proposes an indicator system including 27 indicators from 6 dimensions. On this basis, game theory models combined with global entropy method and analytic hierarchy process are applied to determine the combined weights, and the TOPSIS-GRA model is utilized to assess the risks of oil and gas investment in 76 countries along the Initiative from 2014 to 2021. Finally, the GM(1,1) model is employed to predict risk values for 2022-2025. In conclusion, oil and gas resources and political factors have the greatest impact on investment environment risk, and 12 countries with greater investment potential are selected through cluster analysis in conjunction with the predicted results. The research findings may provide scientific decisionmaking recommendations for the Chinese government and oil enterprises to strengthen oil and gas investment cooperation with countries along the Belt and Road Initiative.

关键词： Belt and Road Initiative Oil and Gas Investment Risk assessment

Multimorbidity and mortality among older patients with coronary heart disease in Shenzhen,China

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Journal of Geriatric Cardiology 2024年第1期21卷 81-89页

作者： Fu-Rong LI Shuang WANG Xia LI Zhi-Yuan CHENG Cheng JIN Chun-Bao MO Jing ZHENG Feng-Chao LIANG Dong-Feng GU Shenzhen Key Laboratory of Cardiovascular Health and Precision Medicine Southern University of Science and TechnologyShenzhenGuangdongChina School of Public Health and Emergency management Southern University of Science and TechnologyShenzhenGuangdongChina Shenzhen Health Development Research and Data management center ShenzhenChina School of Medicine Southern University of Science and TechnologyShenzhenGuangdongChina

BACKGROUND The current understanding of the magnitude and consequences of multimorbidity in Chinese older adults with coronary heart disease(CHD)is *** aimed to assess the association and population-attributable fractions(PAFs)between multimorbidity and mortality among hospitalized older patients who were diagnosed with CHD in Shenzhen,*** We conducted a retrospective cohort study of older Chinese patients(aged≥65 years)who were diagnosed with *** proportional hazards models were used to estimate the associations between multimorbidity and all-cause and cardiovascular disease(CVD)*** also calculated the *** The study comprised 76,455 older hospitalized patients who were diagnosed with CHD between January 1,2016,and August 31,*** them,70,217(91.9%)had multimorbidity,defined as the presence of at least one of the predefined 14 chronic *** with cancer,hemorrhagic stroke and chronic liver disease had the worst overall death risk,with adjusted HRs(95%CIs)of 4.05(3.77,4.38),2.22(1.94,2.53),and 1.85(1.63,2.11),*** CVD mortality,the highest risk was observed for hemorrhagic stroke,ischemic stroke,and chronic kidney disease;the corresponding adjusted HRs(95%CIs)were 3.24(2.77,3.79),1.91(1.79,2.04),and 1.81(1.64,1.99),***-cause mortality was mostly attributable to cancer,heart failure and ischemic stroke,with PAFs of 11.8,10.2,and 9.1,*** for CVD mortality,the leading PAFs were heart failure,ischemic stroke and diabetes;the corresponding PAFs were 18.0,15.7,and 6.1,*** Multimorbidity was common and had a significant impact on mortality among older patients with CHD in Shenzhen,***,heart failure,ischemic stroke and diabetes are the primary contributors to ***,prioritizing improved treatment and management of these comorbidities is essential for the survival prognosis of CHD patients from a holistic public health perspective.

关键词： patients morbidity mortality

Stress tensor determination by modified hydraulic tests on pre-existing fractures:Method and stress constraints

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Journal of Rock Mechanics and Geotechnical Engineering 2024年第5期16卷 1637-1648页

作者： Guiyun Gao Chenghu Wang Ke Gao National Institute of Natural Hazards Ministry of Emergency Management of ChinaBeijing100085China Beijing Engineering Research center of Earthquake Observation Beijing100085China Key Laboratory of Compound and Chained Natural Hazards Dynamics Ministry of Emergency Management of ChinaBeijing100085China Department of Earth and Space Sciences Southern University of Science and TechnologyShenzhen518055China

The hydraulic testing of pre-existing fractures(HTPF)is one of the most promising in situ stress measurement methods,particularly for three-dimensional stress tensor ***,the stress tensor determination based on the HTPF method requires at least six tests or a minimum of 14-15 tests(under different conditions)for reliable *** this study,we modified the HTPF method by considering the shear stress on each pre-existing fracture,which increased the number of equations for the stress tensor determination and decreased the number of tests *** shear stresses were attributed to different fractures by random sampling;therefore,the stress tensors were obtained by searching for the optimal solution using the least squares criterion based on the Monte Carlo ***,we constrained the stress tensor based on the tensile strength criterion,compressive strength criterion,and vertical stress *** inverted stress tensors were presented and analyzed based on the tensorial nature of the stress using the Euclidean mean stress *** stress-measurement campaigns in Weifang(Shandong Province,China)and Mercantour road tunnel(France)were implemented to highlight the validity and efficiency of the modified HTPF(M-HTPF)*** results showed that the M-HTPF method can be applied for stress tensor inversion using only three to four tests on pre-existing fractures,neglecting the stress *** inversion results were confined to relatively small distribution dispersions and were significantly reliable and stable due to the shear stresses on the fractures and the stress constraints *** M-HTPF method is highly feasible and efficient for complete stress tensor determination in a single borehole.

关键词： Stress tensor Hydraulic tests on pre-existing fractures Mean stress Stress constraint Hydraulic fracturing

A folic acid-decorated nanoparticles loaded JQ1 for oral squamous cell carcinoma therapy

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Chinese Chemical Letters 2024年第3期35卷 332-336页

作者： Dequan Zeng Zhongkai Ma Xin Zan Ting Luo Xiang Wang Xiang Gao Xianghui Fu School of Health management Xihua UniversityChengdu 610039China State Key Laboratory of Oral Diseases National Clinical Research Center for Oral DiseasesWest China College of StomatologySichuan UniversityChengdu 610041China Department of Neurosurgery and Institute of Neurosurgery State Key Laboratory of Biotherapy and Cancer CenterWest China HospitalWest China Medical SchoolSichuan University and Collaborative Innovation Center for BiotherapyChengdu 610041China Breast Disease center Cancer CenterWest China HospitalSichuan UniversityChengdu 610041China

Oral squamous cell carcinoma(OSCC)is known as one of the most malignant tumors with high recurrence and fatality *** poor tumor-targeting ability of traditional chemotherapeutic drugs has been a grand challenge for anti-OSCC *** that,a large quantity of tumor associated macrophages in OSCC tissues further diminish the anti-tumor effects of these ***,we produced a therapeutic nano drug delivery system(FA-PEG-PLA-JQ1)through encapsulating JQ1[a small-molecule inhibitor of bromodomain containing protein 4(BRD4)]into the folic acid(FA)-modified nanoparticle(PEG-PLA),which could prolong the half-life of JQ1 and target the tumor *** then,JQ1 released from this nanoparticle could prevent OSCC growth inducing tumor cell apoptosis,inhibiting tumor angiogenesis and the polarization of M2 type *** conclusion,our date demonstrated the therapeutic benefits of FA-PEG-PLA-JQ1 against OSCC in vivo or in vitro,which could be a novel treatment strategy for OSCC in coming days.

关键词： Folic acid Nanoparticles JQ1 Oral squamous cell carcinoma Macrophages