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This study investigates the spillover effects between exchange rate changes and stock returns in China. The authors find that no significant interconnections exist between stock returns and exchange rates changes.

Although the conventional structural VAR (SVAR) approach fails to examine the contemporaneous effects, the Markov switching SVAR model captures the volatile structure of the Chinese financial market. The regime-switching estimates indicate that volatile structure tends to be significant during two financial crisis periods.

Notwithstanding the fact that exchange rate changes cannot Granger-cause stock returns in the long run, its contemporaneous spillover effects on stock returns are found to be statistically significant.

This study aims to shed light on the spillover effects between exchange rate changes and stock returns in China, as the Chinese currency is becoming flexible and China’s stock market has undertaken important reforms. The spillovers between the two markets are of topical importance due to the increasing connections between China and the global economy.

This paper aims to propose a method for accurate radar echo simulation of wind turbines (WTs) array. It can solve the problem of passive interference from wind farms to neighboring radar stations.

First of all, the equivalent model of scattering centers of a single WT is obtained by using the spatial spectrum estimation method, and the accuracy of this model is verified by the scaled model experiment; then scattering centers model of WTs array was established by using the spatial coordinate transformation method. According to the position relationship between the model and the radar, and combined with the multipath scattering theory, the radar echo equation of WTs array was deduced. Finally, the simulation analysis is carried out with the four GoldWind 77/1500 WTs as an example and compared with the traditional methods.

This paper verifies the accuracy of the equivalent model of scattering centers through the WT scaled model experiment, and through simulation analysis, it is found that the result of this method is more consistent with the multipath scattering of radar echo between WTs array in practical engineering than the traditional method.

Based on the theory of high-frequency scattering, this paper introduces scattering centers into the solution of radar echo and considers the multipath scattering of radar echo, then a method for solving the radar echo of WTs array based on scattering centers is proposed.

The purpose of this paper is to study the multi-objective optimization design method of high-power high-frequency magnetic-resonance air-core transformer (ACT).

First, this paper studies the interleaved winding technology, the process of modeling and simulation, the calculation method of high-frequency loss of Litz wire and the design of magnetic shielding in detail. Second, the multi-objective optimization design process of high-frequency magnetic-resonance ACT is established by parametric scanning method and orthogonal experiment method.

An ACT model of 2 kV/100 kW/81.34 kHz was designed. The efficiency, weight power density and volume power density are 99.61%, 21.6 kW/kg and 5.1 kW/kg, respectively. Finally, the multi-physical field coupling simulation method is used to calculate the port excitation voltages and currents and temperature field of ACT. The maximum temperature of the ACT is 95.5 °C, which meets the design requirements.

The above research provides guidance and basis for the optimization design of high-power high-frequency magnetic-resonance ACT.

Because the nanocrystalline core is widely used in power electronic equipment, and the excitation waveform of its working mode is complex, the vibration at medium and high frequencies cannot be ignored. Therefore, this study aims to study the vibration mechanism of nanocrystalline strip and the vibration characteristics of nanocrystalline magnetic ring under different excitation waveforms.

First, the electromagnetic vibration mechanism between nanocrystalline strips is analyzed by finite element analysis, and the force of the magnetic ring with and without air gap is compared and analyzed. Then, the vibration of nanocrystalline magnetic ring under different excitation waveforms such as sine wave, triangular wave, symmetric rectangular wave and asymmetric rectangular wave is analyzed by experimental method. The acceleration time domain waveform measured by the experiment is analyzed by fast Fourier transform, and the vibration is analyzed according to the spectrum.

Because of the increase of magnetic flux leakage, the volume force density and the Maxwell force on the surface of the nanocrystalline magnetic ring will increase after the air gap is opened, resulting in the intensification of vibration. Under symmetric/asymmetric rectangular wave excitation, the vibration acceleration varies with the duty cycle. Due to the influence of harmonic excitation, the relationship between the main frequency of vibration and the excitation frequency is not two times, and its multiple decreases with the increase of excitation frequency.

The research and analysis of this paper can promote the application of new magnetic materials in electrical equipment in small and medium-sized and medium- to high-frequency fields.

This paper aims to effectively achieve endmembers and relative abundances simultaneously in hyperspectral image unmixing yield. Hyperspectral unmixing, which is an important step before image classification and recognition, is a challenging issue because of the limited resolution of image sensors and the complex diversity of nature. Unmixing can be performed using different methods, such as blind source separation and semi-supervised spectral unmixing. However, these methods have disadvantages such as inaccurate results or the need for the spectral library to be known a priori.

This paper proposes a novel method for hyperspectral unmixing called fuzzy c-means unmixing, which achieves endmembers and relative abundance through repeated iteration analysis at the same time.

Experimental results demonstrate that the proposed method can effectively implement hyperspectral unmixing with high accuracy.

The proposed method present an effective framework for the challenging field of hyperspectral image unmixing.

This paper aims to provide a framework of the supervised hyperspectral classification, to study the traditional flowchart of hyperspectral image (HIS) analysis and processing. HSI technology has been proposed for many years, and the applications of this technology were promoted by technical advancements.

First, the properties and current situation of hyperspectral technology are summarized. Then, this paper introduces a series of common classification approaches. In addition, a comparison of different classification approaches on real hyperspectral data is conducted. Finally, this survey presents a discussion on the classification results and points out the classification development tendency.

The core of this survey is to review of the state of the art of the classification for hyperspectral images, to study the performance and efficiency of certain implementation measures and to point out the challenges still exist.

The study categorized the supervised classification for hyperspectral images, demonstrated the comparisons among these methods and pointed out the challenges that still exist.

The purpose of this paper is to review land/real estate registration practice in Hong Kong, and make an in-depth comparison with Mainland China and finally provide helpful suggestions for the government.

Research methods including document analysis/review and comparative study are used in this paper.

The main findings focus on the problems existing in the mainland, including narrow query subject, single way of query, limited query time, and lacking of incentive mechanism. Helpful suggestions for real estate registration system in Mainland China are offered based on the comparative study.

The unified registration system can improve the efficiency of administrative institutions to ensure an open and transparent environment of property right registration, which helps prevent the relevant departments from abusing administrative power and harming the interests of obligees. The findings of this research can serve as a useful reference for policy makers to improve the unified registration system in China.

The registration system/mechanism determines the efficiency and effectiveness of real estate/land market. However, land registration and query in some countries such as Mainland China have institutional problems which hinder the sustained and healthy development of the real estate industry. The value of this paper is to propose constructive suggestions for such countries/regions by comparing and learning from a good model.

The 21st century has brought the business model earth-shaking changes, especially since the Corona Virus Disease 2019 (COVID-19) epidemic at the end of 2019. Now, the epidemic normalization is slowing down China's rapid development. However, technological development, like artificial intelligence (AI), is unstoppable and is transforming China's economic growth modes from factor-driven to innovation-driven systems. Therefore, it is necessary to study further the new changes in labor entrepreneurship and innovation business models and their mechanism of action on economic growth.

This work studies how innovative human capital (IHC) uses AI and other scientific and technological (S&T) innovation technologies to promote China's innovation-driven economic growth model transformation from the labor entrepreneurship and innovation perspective.

The research shows that the entrepreneurial innovation ability of IHC can increase marginal return and output multiplier effect. It changes the traditional business model and promotes China's economic growth and innovation development. At the same time, this work analyzes China's inter-provincial panel data through the panel smooth transition regression (PSTR) model. It concludes that there is a nonlinear relationship between IHC and the output of innovative achievements. The main body presents three stages of nonlinear changes: first rising, then slightly declining, and rising so far.

The finding provides a direction for solving the problem of slow economic growth and accelerating the transformation of economic growth mode under epidemic normalization.

Industrial restructuring has led to increasing obsolescence of old industrial properties in many cities. Transformation of these properties to meet the requirements of modern industrial operations is becoming an imminent task for property managers and industrial landowners. This paper reviews the experience of the private sector in restructuring obsolete industrial properties in Hong Kong. In particular, we focus our discussions on a recent market initiative (composite industrial‐office property development in Hong Kong) as an innovative attempt to make better use of urban industrial space. We argue that this new property type has not been successful because of the institutional constraints imposed under the planning policy. It again confirms that the industrial property market is characterized by market imperfection, owing largely to government policies, which precludes a smooth market adjustment to respond positively to changing demand. This problem, if allowed to continue, will ultimately damage the competitiveness of the cities.

This paper aims to apply fractional variational iteration method using He's polynomials (FVIMHP) to obtain exact solutions for variable-coefficient fractional heat-like and wave-like equations with fractional order initial and boundary conditions.

The approach is based on FVIMHP. The authors choose as some examples to illustrate the validity and the advantages of the method.

The results reveal that the FVIMHP method provides a very effective, convenient and powerful mathematical tool for solving fractional differential equations.

The variable-coefficient fractional heat-like and wave-like equations with fractional order initial and boundary conditions are solved first. Illustrative examples are included to demonstrate the validity and applicability of the method.