Journal of Jiangxi University of Finance and Economics

“One Core Two Subjects”: Research on the Society Governance Subjects in Soviet Area from the Perspective of Grassroots Governance

GONG Zi-fang

2023, 0(6): 3-12.

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The Soviet Republic of China was the first national democratic government of workers and peasants in Chinese history. The social governance of the Soviet region broke through the traditional power framework, and the governance subjects presented a structural feature of“one core and two subjects”. The CPC has played a core leadership role in the social governance of the Soviet area and has undertaken an important historical mission. The Soviet government’s leadership in social governance in Soviet areas is an inevitable result and practical need of the construction of the revolutionary base areas. By fully leveraging the role of various mass organizations, the efficiency of social governance in Soviet areas can be maximized. The Soviet group organization undertook the organizational and educational functions of the masses, incorporating the most basic units and individuals of society into the Soviet political system, embedding them into various levels and links of Soviet social governance, and collaborating with the Soviet government to ensure the implementation of the will of the Soviet government. The opening and sustaining mechanism of the democratic system has led to the modern social governance characteristics of the Soviet region, opening up the grassroots democracy and people’s autonomy in modern China. .

Can the Central Environmental Protection Inspection Improve the Environmental Performance of Enterprises? Empirical Evidences from the Listed Industrial Enterprises

ZHANG Rui, YE Yan-yan

2023, 0(6): 13-26.

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As an important means to urge the local governments to perform environmental protection duties and implement environmental policies, the Central Environmental Protection Inspection has a significant impact on the construction of ecological civilization in China. Taking the A-share listed industrial enterprises from 2012 to 2019 as samples, this paper employs the multi-period DID model to investigate the impact of the implementation of the central environmental inspection policies on the environmental performance of enterprises. The findings shows that: (1) the implementation of the Central Environmental Protection Inspection has significantly increased the enterprises’ environmental performance; (2) the Central Environmental Protection Inspection mainly improves the environmental performance of enterprises by strengthening the environmental governance of local governments and the environmental attention of the senior management teams; (3) good external environment, i.e., the level of urban green finance, the level of regional economic development, the analysts’ attention and the perfect internal corporate governance, can strengthen the positive impact of the Central Environmental Inspection on the environmental performance of enterprises; (4) the environmental governance effect of the Central Environmental Protection Inspection is different due to the nature of property rights and pollution degree of enterprises. Compared to state-owned enterprises, the private enterprises are more sensitive to the implementation of the Central Environmental Inspection policies, and the improvement of the enterprise environmental performance is more significant. While in the inside of the state-owned enterprises, the local state-owned enterprises are more sensitive to the Central Environmental Inspection policies than the central state-owned ones. Compared with the non-heavily polluting enterprises, the Central Environmental Inspection has a greater impact on the environmental performance of heavily polluting enterprises.

Green Finance and Value Realization of Ecological Products: An Empirical Study Based on the Data of the Top 100 Counties in China

HUANG Xiao-yong, CHEN Fei-yu, ZHA Yu-xin

2023, 0(6): 27-39.

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Green waters and green mountains are golden mountains and silver mountains, and the concept of ecological civilization of Xi Jinping is the key to implementing the harmonious coexistence between humans and nature, promoting high-quality economic development, and promoting the construction of a beautiful China. To realize the ecological value of the counties is a key issue in implementing the“Two Mountains”concept and promoting high-quality economic and social development. Based on the panel data of all the top 100 counties from 2011 to 2020 in the“Top 100 Counties (Cities) in China’s County Economy and County Basic Competitiveness”released in The Research on China’ Economic Top 100 Counties, 2021, this paper calculates the development level of green finance at county level, and conducts an empirical test of the impact of green finance on the realization of the ecological product value at county level. The findings show that green finance has a significant positive impact on the value realization of county-level ecological products. Based on this, it proposes the relevant countermeasures and suggestions to further improve the green financial system, increase the support for green innovation, and promote the cooperation between counties, so as to provide decision-making reference for promoting the realization of the ecological values in counties in the new development stage.

The Impact of Long-Term Care Insurance on the Financial Burden of Medical Insurance for Urban and Rural Residents: From the Regional Perspective and Based on Substitution Effect

TANG Wei, YU Xing-ran, SU Fang

2023, 0(6): 40-55.

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With the deepening of population aging and the increase in medical expenses, the ability of urban and rural residents to pay for medical insurance has weakened, and the financial pressure has been increasing year by year. In order to reduce the personal payment burden, some pilot areas of long-term care insurance adopted a financing method of relying on medical insurance fund transfer during the initial implementation of the system. If this financing method continues, what impact will it have on the financial burden of the medical insurance fund in the future? Based on an actuarial model of medical insurance that includes substitution effects, this paper simulates the operation of long-term care insurance funds and the medical insurance funds in various regions from 2021 to 2050. The results indicate that when the two systems operate independently, the financial burden of medical insurance will significantly increase. If the long-term care insurance relies entirely on medical insurance funds, both the current and cumulative deficits will be advanced by 6 years. If the long-term care insurance has a substitution effect on medical expenses, when the substitution factor for home care subsidies is 2.043, promoting the long-term care insurance nationwide will not have any impact on the sustainability of the medical insurance fund. Therefore, adopting a financing method that relies on the transfer of medical insurance funds during the initial operation of the system will not bring excessive financial burden, but it will help to expand the coverage rate and provide guarantee for the gradual independent operation of the long-term care insurance system.

Reform of the Financing and Security Mechanism for Urban and Rural Old-Age Insurance and Optimization of the Fiscal Subsidies Structure

XU Ding, YANG Zai-gui

2023, 0(6): 56-67.

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According to the 14th Five-Year Plan for the development of human resources and social security undertakings, the financing mechanism of endowment insurance for urban and rural residents should be optimized, the interest calculation method of individual accounts should be standardized, and the mechanism for determining the benefits and the regular adjustment of basic pension should be fully implemented. By constructing an actuarial model, this paper examines how the comprehensive reform of the financing and safeguard mechanism of endowment insurance for urban and rural residents affects the alignment between the financial subsidy structure and the subsidy policy orientation. The findings show that coordinating and adjusting the government’s subsidy model for contributions, increasing collective subsidies, reforming individual account interest calculation methods, and increasing the number of years of basic pension can significantly improve the compatibility of subsidy structure and policy incentive orientation, and that coordinating the increase in the growth rate of basic pension and the elderly basic pension will enhance the compatibility between the subsidy structure and the policy’s inclusive orientation. The sensitivity test results are stable, and the minimum standard growth rate of basic pension, the minimum contribution grade and the accounting interest rate of individual accounts have a strong influence on the fiscal subsidy, while the other factors have a weaker influence.

“Grain-Oriented”or“Non-Grain-Oriented”: the Policy Effect of High-Standard Farmland Construction

GONG Yan-ling, ZHANG Ying-liang

2023, 0(6): 68-83.

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Based on the micro survey data of 1032 farmer households in China’s 10 provinces, this paper systematically analyzes the influence and its mechanism of high-standard farmland construction on the “grain-oriented” or “non-grain-oriented” agricultural planting structure. It is found that the implementation of high-standard farmland construction policy and the increase of construction scale both have a “grain-oriented” impact on agricultural planting structure, and it is still significant under a series of robustness tests of replacing the explained variables, the continuous DID estimation of provincial macro data and the propensity score matching method. The mechanism analysis shows that the high-standard farmland construction encourages farmers to grow grain crops by improving the level of agricultural socialization service. And the farmers’ behavior response is characterized by “grain-oriented” characteristics. The heterogeneity analysis shows that compared with the non-major grain producing areas and the mountainous areas, the high-standard farmland construction can increase the proportion of grain sown area in the major grain producing areas and the plain and hilly areas, and has a more obvious impact on the “grain-oriented” large-scale farmer households than the small farmer households. Therefore, we should promote the high-standard farmland construction according to the actual needs, improve the effectiveness of high-standard farmland construction, at the same time, expand the agricultural socialization service functions and encourage farmers to orderly carry out large-scale planting, thus promoting the “grain-oriented” agricultural planting structure.

Research on Altruistic Rent-Seeking and Its Correction in the Implementation of Rural Revitalization Projects: Based on the Investigation of S Town in Central China

WANG Wen-long

2023, 0(6): 84-91.

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In the implementation of rural revitalization projects, the self-interested rent-seeking, due to its self-interested characteristics, has attracted widespread attention from the society and become the focus of the government’s anti-corruption. Along with the continuous improvement of the anti-corruption system and the continuous improvement of the project management level, this kind of rent-seeking has been greatly reduced. While the altruistic rent-seeking has been ignored by the society and is spreading due to its altruistic characteristics, which has caused new hazards. The research based on S town in central China reveals that, compared with ordinary egoistic rent-seeking, the altruistic rent-seeking not only increases the risks of resource misallocation and inefficient use of rural vitalization projects, but also forms a demonstration effect to promote the official rank standard and the path dependence in rural development, thus damaging the credibility of the government. Its potential harm is greater and should be paid more attention by the government. Therefore, it is necessary to formulate reasonable strategies to reduce altruistic rent-seeking, effectively improve the efficiency and fairness of resource allocation in rural revitalization projects, restore government credibility, and enhance rural endogenous development capabilities according to China’s current national conditions from such aspects as establishing a people-oriented ideology and a sense of fairness, improving democracy and the rule of law, correcting the alienation of rural revitalization goals, and strengthening the supervision of rural revitalization projects, and so on.

Natural Endowment, Market-Oriented Reform and High-Quality Agricultural Development

HONG Ming-yong, TIAN Meng-jie

2023, 0(6): 92-103.

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The high-quality development of agriculture is a transformation process from quantitative change to qualitative change, and natural endowment and market-oriented reform are crucial to the high-quality development of agriculture. By drawing on the relevant research results of the new institutional economics, this paper constructs a theoretical framework between natural endowments, market-oriented reforms, and high-quality agricultural development. Subsequently, based on the provincial panel data from 2010 to 2020 in China, it describes and analyzes the current situation of natural endowment, market-oriented reform, and high-quality agricultural development. By constructing benchmark regression and spatial econometric models through the extended C-D production function, this paper conducts an empirical test of the impact of natural endowment and market-oriented reform on high-quality agricultural development. It is found that both natural endowment and market-oriented reform can significantly and positively affect the level of high-quality agricultural development, while both have significant negative spatial effects. The findings show that the natural endowment and the market-oriented reforms can both affect the level of high-quality development of agriculture positively, at the same time both of the two have significant negative spatial effect. The above conclusions imply that, due to the existence of the “siphon effect”, the local natural endowment and the level of development of market-oriented reforms will have a significant negative impact on the level of high-quality development of agriculture in the neighboring regions. To this end, it is necessary to improve the utilization rate of natural resource endowments, promote the market-oriented reforms, strengthen the cooperation and exchanges among different regions, and develop agriculture according to local conditions.

Ideological and Political Education Empowered by ChatGPT: Technical Paths and Possible Issues

HUANG Xin-rong, LIU Liang

2023, 0(6): 104-113.

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ChatGPT has attracted global attention with its powerful generative intelligence; while providing a more specific technical application path for empowering ideological and political education with artificial intelligence, it also brings about various new problems. From a technical perspective, ChatGPT may make it easier for ideological and political theory and practice to obtain the necessary information and discover the hidden ideological and political laws from the vast amount of information. ChatGPT may allow educators to study and analyze educational objects from a multidimensional perspective, to gain easier access to interactive experiences between educators and educational objects, and to have more convenient access to ideological and political work consulting services. In terms of possible issues, the language model of ChatGPT may generate and disseminate erroneous information, making it difficult for educators to distinguish. ChatGPT may generate certain ideological biases during the learning and training process. The powerful functions of ChatGPT can easily lead to educators’ dependence on it. In addition, there are still a series of ethical issues that cannot be solved at present.

On the Responsive Turn of China’s Securities Regulation: Observation Based on the First Case of Illegal Reduction after the Implementation of the New Securities Law

WANG Yi-cheng

2023, 0(6): 114-127.

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CSRC shifted the regulatory path in the Yingyi case of Shanghai because of the policy background of “zero tolerance”, which reveals the practical requirements against the poor effectiveness of the existing behavior regulation and the lack of relief in civil compensation litigation, reflecting the deterrent regulatory strategy of “command-control”. The breakthrough in identifying the nature of behavior in this path shift has already violated the rules and values of information disclosure and share transfer restrictions, highlighting the inherent limitations of the regulatory model based on deterrence strategy, such as the randomness of law enforcement, the tendency to excessive punishment, and the presupposition of antagonistic relationships. The responsive regulation theory breaks away from the single idea of “strengthening deterrence with punishment”, and is committed to building cooperative relationships, which can improve the regulatory efficiency and serve as a basis for China’s securities regulatory reform. However, in the process of its localization, it is necessary to properly handle the incompatibility between it and the local resources of China’s securities regulation, so as to avoid oriented regulatory capture and substantive regulatory relaxation. To play the positive role of the responsive regulation and improve the scientificity and effectiveness of China’s securities regulation, it is necessary to base on the actual needs of China’s capital market, promote the subjective consciousness and ability building of the self-disciplined regulators, optimize the cooperative administrative regulation tools, and ensure the deterrent strength of securities law enforcement.

Classification of Legal Attributes of Medical and Health Information and Its Private Law Protection

SUN Hui

2023, 0(6): 128-139.

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It is not advisable to broadly define medical and health information as private or sensitive personal information, which can easily lead to confusion in the application of law in judicial practice. In practice, the information categories of medical and health information are diverse. Based on determining the relationship between private information and sensitive personal information, we should analyze the underlying value logic of different information categories and use the typological method in legal methodology to divide the legal attributes of medical and health information into four categories: private information, sensitive personal information, both private and sensitive personal information, and neither private nor sensitive personal information. Among them, the identification of private information can draw inspiration from the theory of reasonable expectations of privacy. The identification of sensitive personal information should distinguish between the first level of protection based on personal dignity and the second level of protection based on personal information self-determination, which realizes the correction function during data processing. Only in this way can we find the most accurate private law protection approach for different types of medical and health information based on the privacy rules in the Civil Code, the general provisions in the Personal Information Protection Law, and the special provisions on sensitive personal information. For medical and health information that belongs to both private and sensitive personal information, the scenario analysis methods should also be used to distinguish different levels of processing behavior: the first level applies both of the privacy rules and the sensitive personal information rules, and the second level directly applies the sensitive personal information rules.

Enterprise Criminal Compliance: Practical Reflection and Theoretical Expansion

YE Zi-han

2023, 0(6): 140-148.

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The compliance reform of the enterprises involved in the cases has achieved phased results, but due to the serious shortage of theoretical supply, the reform practice is facing many difficulties, such as the unclear definition of the concepts of criminal compliance, the unclear applicable objects of the reform, the lack of negative compliance incentive mechanism, and doubtful standards of compliance effectiveness. With the continuous deepening of the compliance reform of the enterprises involved in the case, there is an urgent need to explore and clarify the important concepts related to criminal compliance. On the basis of summarizing and reflecting on the existing practical exploration, we should combine our experiences with the experience of foreign compliance, and according to the basic principles and internal logic of criminal compliance, make clear that the basic concepts of enterprise criminal compliance are the criminalization and upgrading of enterprise compliance, the incentive mechanism of enterprise criminal compliance being the organic unity of positive and negative incentives, and the basic criterion for judging the effectiveness of enterprise criminal compliance plan being to eradicate the organizational defects. Only in this way can we provide sufficient theoretical basis and conceptual guidance for the in-depth construction of the enterprise criminal compliance system.

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