To explore the disclosure of corporate social responsibility under the mode of equity crowdfunding financing

At present, China's economy is facing down-to-bottom pressure, and economic vitality needs to be improved urgently. As an important part of enhancing China's economic vitality, small and medium-sized micro-enterprises play an important role in promoting employment, increasing income, stimulating consumption, expanding domestic demand and reducing excess capacity in economic development. However, small and medium-sized enterprises are facing enormous financing pressure. According to the ＂Micro-Enterprise Financing Development Report＂ survey data, 59.4% of micro-enterprises said their financing costs in 5%-10%, 40.6% of micro-enterprises said financing costs of more than 10%. According to the China Small Micro-Enterprise Index Report, jointly released by Southwest University of Finance and Economics, the average amount of interest-bearing private loans of small micro-enterprises is 260,000 yuan, and large private loans pay an average interest rate of up to 18.1%. Among micro-enterprises with bank credit needs, only 46.2 per cent have access to loans. The severe situation of financing for small and medium-sized enterprises requires the emergence of financing methods with lower financing costs. This paper explores the corporate social responsibility disclosure system under the equity crowdfunding financing model

Characteristics of Ancient Ship Wood from Taicang of the Yuan Dynasty

In this study, wood samples extracted from the Taicang ancient ship, dating back to the Yuan Dynasty, were investigated to study the characteristics of waterlogged archaeological wood. The macroscopic characteristics and microscopic structures were used to identify the wood species. To assess the degree of degradation of the waterlogged archaeological wood, X-ray diffraction (XRD), nanoindentation (NI), Fourier transform infrared spectroscopy (FTIR), and scanning electron microscopy (SEM) were used to compare the new and ancient wood samples from the same species. The microscopic structures of the samples were identified as Pinus massoniana. The XRD and nanoindentation results revealed that the crystallinity index of the cellulose decreased from 41.07% to 33.85%, the elastic modulus was reduced by 20.90%, and hardness was reduced by 55.6% compared with the new wood. The FTIR spectra revealed that biological deterioration occurred in the cellulose and hemicellulose, but there was no noticeable change in the lignin content. These results provide helpful information for the conservation and restoration of ancient ships