Core Viewpoint - The article highlights the recognition of "Tsinghua Financial Review" as one of the "Top 100 Digital Reading Influential Journals" for 2025, ranking 64th in the overseas category, indicating its growing influence in digitalization and internationalization [2][12]. Group 1: Event Overview - The "2025 Digital Reading Influence TOP100 Journals and Cities Ranking Release and AI Knowledge Service Scenario Application Seminar" was held in Beijing, where two key lists were announced: "Top 100 Digital Reading Influential Journals (Domestic)" and "Top 100 Digital Reading Influential Journals (Overseas)" [2]. - The recognition of "Tsinghua Financial Review" marks a significant achievement in its influence-building efforts in the digital and international arenas [2]. Group 2: Future Development and Suggestions - The article discusses the importance of content metadata, including title, author, column, field, theme, and publication time, to analyze content production patterns and enhance quality [5]. - It emphasizes the need for journals to leverage AI and big data to transform knowledge production and dissemination, with initiatives like "One Journal, One AI" already aiding several journals in their digital transformation [5][10]. - The article suggests that journals should focus on expanding their reach in populous provinces like Shandong and Sichuan, as well as economically developed regions like Jiangsu and Zhejiang, to seek future growth [5].

Core Viewpoint - The seminar on "Analysis of the Path to Enhance the Influence of Policy Financial Journals" emphasizes the importance of high-quality development of journals in promoting cultural prosperity and the strategic significance of enhancing their international influence and technological empowerment [2][4]. Group 1: Seminar Overview - The seminar was held at Tsinghua University and organized by the editorial team of "Tsinghua Financial Review," supported by the university's "Double High Plan" [1]. - Key representatives from journal associations, publishers, and various journals participated in discussions on the development of the journal industry [1]. Group 2: Importance of Policy Financial Journals - The "14th Five-Year Plan" highlights the need for cultural development, positioning journals as key carriers for cultural transmission and knowledge dissemination [2]. - The journal industry is undergoing significant transformation, requiring content innovation and a shift from mere information dissemination to policy guidance and thought leadership [4]. Group 3: Enhancing International Influence - To improve the international influence of domestic journals, it is essential to establish English-language publications and leverage international digital publishing platforms [9][19]. - The demand for authoritative policy interpretations is increasing among international audiences, necessitating the development of journals that focus on policy analysis [19]. Group 4: Recommendations for Development - Journals should focus on vertical specialization in key policy areas, enhancing the forward-looking and practical nature of their content [11]. - Establishing a policy journal alliance could facilitate collaborative development among similar journals, creating a robust and influential journal ecosystem [11][21]. Group 5: Achievements and Future Directions - "Tsinghua Financial Review" has been recognized as a leading academic journal, receiving multiple accolades and support from national initiatives [22][23]. - The journal aims to build a comprehensive media platform for economic and financial policy interpretation, providing valuable insights for policymakers and investors [22].

Core Insights - The seminar titled "Analysis of the Path to Enhance the Influence of Policy Financial Journals" was successfully held at Tsinghua University, focusing on how to improve the influence and internationalization of policy financial journals [1][4]. - The event was supported by Tsinghua University's "Double High Plan" and featured discussions on the current bottlenecks faced by policy financial journals and constructive suggestions for enhancing their influence [4][6]. Group 1 - Zhang Wei, Assistant to the Dean of Tsinghua University Wudaokou School of Finance, delivered a speech representing the organizing party [2]. - Liu Xiaoling, Secretary-General of the China Journal Association, also gave a speech at the event [2]. - The discussion highlighted the unique positioning and high professionalism of policy financial journals, emphasizing their irreplaceable value despite existing limitations [4][5]. Group 2 - The seminar included a thematic discussion where representatives from various organizations analyzed the root causes of influence bottlenecks and proposed specific paths for improvement [4]. - Qin Ting, Deputy General Manager of Beijing Qingkong Jinmei Financial Review Division, presented the vision for the English edition of "Tsinghua Financial Review," leading to in-depth exchanges on its future development [4][6]. - "Tsinghua Financial Review" has been recognized as a first batch academic journal by the National Press and Publication Administration and has received multiple accolades, including being selected as a core journal by the Chinese Academy of Social Sciences [5][6]. Group 3 - Tsinghua University has placed significant emphasis on journal development, continuously supporting "Tsinghua Financial Review" through funding projects since 2019 [6]. - The journal aims to build a policy financial journal influence evaluation system to promote innovative development [6].

Group 1 - The article emphasizes the importance of deep reading and the accumulation of knowledge over time, suggesting that intellectual growth is a continuous journey rather than a one-time effort [1] - It highlights the role of Tsinghua Financial Review as a think tank and media platform focused on economic and financial policy interpretation and recommendations, contributing significantly to the high-quality development of the financial industry [2] Group 2 - Tsinghua Financial Review has published 143 issues and over 3000 articles since its inception in November 2013, showcasing its extensive engagement with over 3000 experts and scholars [2] - The platform collaborates closely with international economic and financial organizations, regulatory bodies, and academic institutions, enhancing its academic level and influence in the financial sector [2]

Core Insights - The paper "Bonds vs. Equities: Information for Investment" explores the structural relationships between common financial indicators such as stock volatility, asset volatility, credit spreads, leverage ratios, and Tobin's Q, and their connection to corporate investment behavior [2][3] Group 1: Key Findings - Credit spreads and asset volatility are the only indicators with a clear predictive direction for corporate investment: credit spreads negatively impact investment, while asset volatility positively influences it [2][3] - The positive relationship between asset volatility and corporate investment challenges the traditional view that uncertainty suppresses investment, providing a new perspective [3] - The study emphasizes that controlling for leverage does not adequately reveal the positive effect of asset volatility on corporate investment, questioning the common practice of treating leverage as a control variable [3] Group 2: Implications - The findings suggest that scholars in finance and macroeconomics, market practitioners, and policymakers should consider the structural relationships between common risk indicators and leverage when discussing market risk, capital structure, and investment analysis [4] - The research provides new insights for understanding and predicting corporate investment behavior, highlighting the importance of distinguishing between the signals conveyed by different financial indicators [4]