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To test the effects of underpricing and share retention (i.e. the proportion of shares retained by the pre‐initial‐public‐offering (IPO) owners) on IPO aftermarket liquidity.

Uses both percentage spread and turnover ratio to measure liquidity. The percentage spread is the quoted bid‐ask spread divided by the quoted midpoint and measures the trading cost relative to share price. Turnover ratio is the daily trading volume divided by the number of shares offered and measures the speed of transaction. Both non‐parametric analyses and multiple regressions are conducted to investigate the effects of underpricing and share retention on liquidity.

Results indicate that initial return is positively related to turnover ratio and negatively related to percentage spread. These relations are significant even after controlling for other factors. Also finds that the pre‐IPO owners’ retention rate is positively related to turnover ratio and negatively related to percentage spread. High retention rates attract more trades, provide quality assurance, and improve IPO aftermarket liquidity.

This paper investigates the theoretical links between underpricing and liquidity and provides direct evidence on Booth and Chua's liquidity theory. In addition, this is one of the first empirical studies to analyze the effect of share retention on aftermarket liquidity.

This paper aims to explain and resolve the paradoxical situation in China regarding how it is difficult to get an offer of employment in China while people are unwilling to pursue or embark on a career in the Meetings, Incentives, Conventions and Exhibitions (MICE) industry. Therefore, the MICE industry career path should be carefully explored.

The paper used semi-structured interviews with more than 30 representative managers from key MICE companies, a social community perspective and conceptions of the social world combined with the traditional career-ladder model.

The study’s key findings are: a general career path exists in the MICE industry in China; there are three main types of career paths and two different kinds of promotion mechanisms, which vary according to the type of ownership, scale or other characteristics of companies; and a feedback mechanism, linking social-world events and social community characteristics, affects individual employees and their career paths in the MICE industry, leading to promotion in or retreat from the industry. Typically, the mechanism fits high-level employees better than the freshmen, which leads to high turnover in the MICE labor market.

This paper provides a better understanding of MICE industry and facilitates people’s employment choices.

This paper provide a new social community perspective for exploring the MICE career path; there are also significant practical implications for MICE elites, which present a new framework for future research and industry applications.

Based upon the review of theoretical frameworks and the author's practical experiences in intellectual property (IP) management, the purpose of this paper is to propose a theoretical framework which intends to accord the current development of IP management and strategy in China. It is constituted of two engines, namely innovation engine and intellectual property engine which are related closely to management of technology – a strategic instrument in creating wealth and prosperity. The latter is also stated “5‐IPs” management pattern, i.e. intellectual property advantages, intellectual property economy, intellectual property strategy, intellectual property talents, and intellectual property culture as essential factors.

Briefly, elaborating basic concepts and main characteristics of “5‐IPs”, this work discusses the theoretical framework and the application of these pattern in Henan Province of PRC.

This work presents a whole picture of how the policy makers in Henan Province developed and implemented its IP management strategy. Theoretically, this work presents a strategic framework, which intends to create an innovation model and enables the decision‐makers and IP practitioners to make more appropriate arrangement when addressing IP related issues.

This study presents the crucial tenets of the strategic framework, which underpins the identification of the appropriateness and effectiveness of China's intellectual property right (IPR) strategy. The distinctiveness of the study lies in: advancing the current literature on the establishment of IPR system in China; presenting a case study of Henan Province in terms of how the province has developed its IP management strategy; and assessing the leading changes, impact and the policy implication after the implementation of the project.

The fractional complex transform is used to convert the fractional differential equation to its differential partner and the exp-function method is to solve the resultant equation. The exact solutions for the equation are successfully established. The paper aims to discuss these issues.

Use the chain rule of the local fractional derivative and the exp-function method.

Some new exact solutions for the fractional differential equation are successfully established, and the process of the solution is extremely simple and remarkably accessible.

The fractional complex transform is used to convert the fractional differential equation to its differential partner and the exp-function method is to solve the resultant equation.

The incredible tempo of the ongoing process of social change in the People's Republic of China has led to profound shifting and reorganization in society. The social structure has become more complex and diversified, new social groups have emerged such as private business people and migrant workers. The gap between the wealthy and the poor is increasing and structures determining status and income are widely divergent.

This study aims to understand the epistemic foundation of the classification applied in the first Chinese library catalogue, the Seven Epitomes (Qilue).

Originating from a theoretical stance that situates knowledge organization in its social context, the study applies a multifaceted framework pertaining to five categories of textual data: the Seven Epitomes; biographical information about the classificationist Liu Xin; and the relevant intellectual, political, and technological history.

The study discovers seven principles contributing to the epistemic foundation of the catalogue's classification: the Han imperial library collection imposed as the literary warrant; government functions considered for structuring texts; classicist morality determining the main classificatory structure; knowledge perceived and organized as a unity; objects, rather than subjects, of concern affecting categories at the main class level; correlative thinking connecting all text categories to a supreme knowledge embodied by the Six Classics; and classicist moral values resulting in both vertical and horizontal hierarchies among categories as well as texts.

A major limitation of the study is its focus on the main classes, with limited attention to subclasses. Future research can extend the analysis to examine subclasses of the same scheme. Findings from these studies may lead to a comparison between the epistemic approach in the target classification and the analytic one common in today's bibliographic classification.

The study is the first to examine in depth the epistemic foundation of traditional Chinese bibliographic classification, anchoring the classification in its appropriate social and historical context.

This study aims to merge the world’s proven ways of housing finance, including musharakah mutanaqisah, housing cooperatives and real estate crowdfunding, to present an alternative housing unaffordability solution based on the Islamic finance principle. It is intended to reduce the burden of funding for both sides (consumers and developers) and create win–win chances for all stakeholders, including intermediaries. By moving away from debt financing and merging the features of crowdfunding and cooperative, it is hopeful that the burden of home ownership will no longer be the case.

This paper presents the opinions of potential Chinese homebuyers (minority Muslims and most non-Muslims) and a few industry experts toward the proposed model via a mixed research method.

According to the findings, the majority of respondents agreed with the proposed paradigm. Just concerned that China’s lack of community culture and trust could pose a major threat to implementation. However, this paper argues that Chinese local governments may perform pilot testing in places where Islamic culture is prevalent. Their unique community culture and fundamental understanding of Shariah law may affect the viability of the proposed model.

The proposed model would increase the applicability of Islamic finance as a way of protecting the social order of communities in the spirit of upholding justice and fairness. A new type of housing loan based on musharakah mutanaqisah may squeeze out the real estate bubble and provide stakeholders with a multidimensional investment channel. In particular, the study identifies the impact of Chinese Islamic financing on government and cultural needs. It presents possible challenges for implementing the proposed model in reality and helps bridge the gap between theory and practice.