China’s Financial System: Opportunities and Challenges

We provide a comprehensive review of China’s financial system, and explore directions of future development. First, the financial system has been dominated by a large banking sector. In recent years banks have made considerable progress in reducing the amount of non-performing loans and improving their efficiency. Second, the role of the stock market in allocating resources in the economy has been limited and ineffective. We discuss issues related to the further development of China’s stock market and other financial markets. Third, the most successful part of the financial system, in terms of supporting the growth of the overall economy, is a non-standard sector that consists of alternative financing channels, governance mechanisms, and institutions. The co-existence of this sector with banks and markets can continue to support the growth of the Hybrid Sector (non-state, non-listed firms). Finally, among the policies that will help to sustain stable economic growth in China are those that reduce the likelihood of damaging financial crises, including a banking sector crisis, a real estate or stock market crash, and a “twin crisis” in the currency market and banking sector.

Predicting Online Shopping Intention: the Theory of Planned Behavior and Live E-Commerce

With the development of new media technology, some new changes have been brought to traditional shopping. In this environment, live streaming e-commerce has been loved by online consumers. We adopted the theory of planned behavior (TPB), perceived interactivity and perceived utilitarian value as the theoretical basis for research. In the part of data collection, we surveyed 600 Chinese online consumers, the results showed that attitude, subjective norms, perceived behavior control, perceived interactivity and perceived utilitarian value significantly affected consumer behavior intention. The article also discussed the practice and theoretical contributions for live streaming e-commerce

Using the Extended Theory of Planned Behavior to Predict Privacy-Protection Behavioral Intentions in the Big Data Era: The Role of Privacy Concern

This research extends the theory of planned behavior to explore how privacy concerns influence privacy-protection behavioral intentions via attitudes, subjective norms, and perceived behavioral control. Using snowball sampling, 637 participants were recruited in China to complete this online survey. After eliminating the invalid questionnaire, this study received valid samples of 599 respondents. The finding demonstrated that privacy concerns were positively associated with individuals’ attitudes, subjective norms, and perceived behavioral control. And these factors also were found positively influence privacy-protection behavioral intentions. Theoretical and practical contributions are discussed as well

PO-173 The Effects of Interval Exercise on oxidative stress and Smyd1-related myocardial hypertrophy in Rats with Myocardial Infarction

Objective This study was carried out to investigate interval exercise on Smyd1 expression and F-actin sarcomere assembly in non-infarcted myocardium of normal and myocardial infarction(MI) rats and its possible mechanism. Methods Male SD rats were randomly divided into normal control group (C), normal interval exercise group (CE), sham-operated group (S), MI group (MI), MI with interval exercise group (ME) and MI with ROS Tempol group (MT), n=10. MI model was established by left anterior descending coronary artery ligation. Interval exercise was carried out on a small animal treadmill. MT group was given an oral solution of Tempol (2mmol/L). Hemodynamics was performed to evaluate cardiac function. HE and Masson staining were used to analyze the cross-sectional area (CSA) of cardiomyocytes and collagen volume fraction, respectively. T-SOD and MDA kits were used to detect oxidative stress. H9C2 cells were treated with H2O2. Immunofluorescence staining was used to determine Smyd1 expression and F-actin sarcomere assembly. RT-qPCR and Western blotting were used to detect the gene or protein expression of Smyd1, Trx1, Hsp90, MuRF1, cTnI, α-actinin and BNP. Results Smyd1, Trx1, Hsp90, MuRF1 and BNP expression in the peri-infarcted area were up-regulated, but cTnI and α-actinin expression and F-actin assembly were decreased. The cardiac function was reduced. Both interval exercise and Tempol intervention significantly increase the CSA and expression of Smyd1, Trx1, cTnI and α-actinin, improve the antioxidation capacity and F-actin sarcomere assembly and cardiac function, reduce the expression of Hsp90, MuRF1, BNP and ROS level, and inhibit the fibrosis of myocardium. The oxidative stress level was closely related to the Smyd1 expression. Improvement of cardiac function were correlated with Smyd1 expression. H2O2 can induce oxidative stress injuries of H9C2, and its closely related to cardiomyocytes oxidative stress level and Smyd1 expression. Conclusions Interval exercise could promote antioxidant capability and physiological cardiomyocyte hypertrophy, regulate the expression of Smyd1, Hsp90 and MuRF1 in infarcted heart; so as to improve the cardiac function. Smyd1 may participate in pathologic hypertrophy of cardiomyocytes caused by oxidative stress

Investigating the Motivations and Constraints of Chinese Peer-to-Peer Accommodation Hosts

Purpose – This research aims to identify peer-to-peer (P2P) accommodation hosts’ perceived motivations and constraints, to examine the prediction of the motivation and constraint factors on hosts’ intention to continue business based on hosts’ attitudes, and to explore the moderating role of business scale. Design/methodology/approach – A scale for hosts’ perceived motivators and constraints was developed. Mixed methods were used to develop and analyse a conceptual framework for demonstrating how constraints and motivations influence hosts’ behavioural intentions. Findings from interviews with hosts interpretatively supported the survey results.Findings – Chinese hosts’ perceived constraints and motivators are identified and explained. The survey results indicate that constraints lower intention to continue one’s business and motivators heightens it. Motivators have a higher effect on attitudes and intentions than constraints do. Business scale was confirmed as a moderator in the constraint—attitude link but not in the motivator—attitude relationship.Practical implications – This paper offers policy implications for governments, online platforms and hosts in terms of establishing incentives and solving problems so that Chinese hosts can sustainably operate their businesses.Originality/value – This paper identifies constraints and motivators and develops a measurement scale for both simultaneously, which provides a holistic explanation of hosts’ attitude and behavioural intention. It also reveals the moderating role of business scale. In investigating the thoughts of existing hosts operating on global and local platforms in China, this paper complements the literature, which mainly focuses on the Western context and a single global platform