IMPROVING THE REGULATIVE ENVIRONMENT TO FACILITATE THE EXPLOITATION OF INFORMATION RESOURCES IN THE PEOPLE’S REPUBLIC OF CHINA

A supportive regulatory environment is necessary to facilitate the development and utilisation of information resources in China. The legal system and its enabling policies for information resources should focus on removing all the macro-level obstacles in order to promote and ensure the positive feedback effect of information cycles. This would include constructing a competitive market, enhancing infrastructure, strengthening taxation and financing the supporting system. The core interest in information exploitation is intellectual property (IP). There are five levels of IP protection: judicial trial, administrative execution, technological measures, collective management and industry discipline as well as private control. While strengthening IP protection ranks as the Government’s priority policy, the free distribution and sharing of information should be strongly advocated to optimise the development and utilisation of information resources. Digital information is playing a more significant role in our society than physical goods in regard to quantity and effects. Digital information is changing the whole world, with for instance, E-government, Ecommerce and E-life. Information resources have become an important asset and key driver for social development. The ‘Developmental Strategy for Informatisation in China 2006-2020’ issued by the Communist Party of China (CPC) Central Committee and the State Council declares that informatisation is a key strategy for maintaining national competitiveness and sustainability. 1 The key of informatisation is the development and utilization of information resources. While this is rather weak in China, enhancing the development and utilisation of information resources has been ranked as a priority government task because of the value in constructing a flexible and enabling regulatory framework

Institutional investor network, analyst public information and extreme risks

This paper builds the institutional investor network on the basis of the common stock holdings of mutual funds with large positions. Institutional investors share and interact private information through social networks. Seen from separating private and public information, the effects of private information sharing in institutional investor networks and the effects of public information diffusion on extreme risks are examined, respectively. Then, the integrated impact of institutional investor information sharing with analyst on extreme risks is analysed. Empirical research has found that analyst public information spread will decrease the probability of extreme risks. The information sharing in social network of institutional investors will restrain stock market extreme risks. The closer network of institutional investors lower the influence of analyst public information on extreme risks. In addition, we also found that stock liquidity has weakened the inhibition of fund network information sharing on extreme risks. The research results provide reference for the authorities to regulate market participant behaviours so as to avoid risks

cis-Bis[2-(1,3-benzothia­zol-2-yl)-1-(4-fluoro­phen­yl)ethen­yl](pentane-2,4-dionato-κ2 O,O′)iridium(III)

In the title compound, [Ir(C15H9FNS)2(C5H7O2)], the Ir atom is hexa­coordinated by three chelating ligands, with two cyclo­metalated 2-(1,3-benzothia­zol-2-yl)-1-(4-fluoro­phen­yl)ethenyl ligands showing N,C-bidentate coordination and an O,O′-bidenate pentane-2,4-dionate anion, thereby forming a distorted octa­hedral enviroment