Volume 157

In the context of the digital transformation of the global economy, digital currency, as a product of financial technology innovation, is gradually changing the traditional financial ecology, especially posing new challenges and opportunities to the operation mode and financial stability of commercial banks. This study systematically comprehends the current status of domestic and international research on the impact of digital currencies on commercial banks by means of a literature review and adopts the case study method and the case analysis method, and clarifies the specific points of influence of the development of digital currencies on the business structure of commercial banks. It reveals the dual influence of digital currency on the business structure and financial stability of commercial banks, and moreover puts forward targeted coping strategies, which are of great theoretical and practical significance for commercial banks to grasp the opportunities and cope with the challenges of digital currency development.

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In the context of the rapid development of the capital market and the frequent occurrence of expropriation incidents by major shareholders, this paper analyzes the process and methods by which the major shareholder of Pangda Group expropriates the listed company. Using event study methodology, the excess returns and cumulative excess returns are calculated to assess the negative impact of major shareholders' expropriation behavior on the capital market. The paper also proposes a series of suggestions for the protection of minority shareholders' rights under the expropriation of major shareholders, including the identification of warning signals and strengthening supervision, improving the collective litigation system, and introducing institutional investors to assist minority shareholders in participating in corporate governance and defending their rights. These suggestions aim to provide guidance for the protection of minority shareholders' interests in listed companies and contribute to the maintenance of order and healthy development of the capital market.

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This paper analyzes the impact of Gree's light asset operation model on its corporate performance. The study examines the impact pathways from four perspectives: the application of the "quasi-financial" model, the effective use of bank-pledged accounts receivable bills, technological innovation and control over the industry chain, and brand value creation. It is found that after adopting the light asset operation model, Gree significantly improved its corporate performance. The paper also discusses the shortcomings of Gree's choice of the light asset operation model and provides improvement suggestions. It is hoped that this research can offer insights for Gree's future light asset operation strategy and for the stable development of other companies in the home appliance industry.

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One of the central questions that continues to be discussed in the financial sector is how a company's capital structure (CS) impacts its profitability .In China, with the gradual improvement of the market economic system and capital market’s development, this relationship is particularly concerned .This study analyses the correlation between metrics such as long- and short-term debt ratio (LSDR), gearing ratio (GR), total assets (TA), current ratio (CR), and return on total assets (ROA) to understand how a company's financial performance is affected by the allocation of its CS. In this regard, many studies are based on a particular industry, and the results differ. This experiment examines the data of 100 companies from different industries from 2010-2021 and provides strategic recommendations for firms to optimize their CS by providing data analysis and regression models. Multicollinearity Problem was also tested with VIF value, together with self-related issue was examined by Durbin Watson values. This research will help managers to optimize the current assets and debt structure, balance financing methods, and monitor financial indicators to enhance debt repayment and profitability.

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