News from China
Updates every hour. Last Updated: 26-Dec-2025 05:11 ET (26-Dec-2025 10:11 GMT/UTC)
Historical high prices drive seasoned equity offerings in China
Shanghai Jiao Tong University Journal CenterAbstract
Purpose – We are the first to investigate the relationship between seasoned equity offerings (SEOs) and anchoring on historical high prices in China.
Design/methodology/approach – We use the ratio of the recent closing price to its historical high in the previous 12–60 months (anchoring-high-price ratio) to study its impact on the market timing of SEOs.
Findings – Empirical results show that the anchoring-high-price ratio significantly and positively affects the probability of additional stock issuances. Contrary to the USA market, the Chinese stock market reacts negatively to the SEOs at historical highs. Moreover, the anchoring-high-price ratio exacerbates the negative effect of announcements and leads to long-term underperformance. Finally, we investigate the impact of the anchoring-high-price ratio on a company’s capital structure, showing that the additional issuance anchoring on historical highs reduces the company’s leverage ratio in the long run. Overall, our findings support the anchoring theory and can help understand better the anchoring behavior of managers and the company’s decision on additional stock issuances.
Originality/value – We are the first to use the anchoring-high-price ratio to study the timing of SEOs. We find that the anchoring-high-priceratio positively affects the probability of SEOs. Unlike the USA, the Chinese stock market reacts negatively to SEOs at high prices. SEOs anchoring on historical highs reduce a firm’s leverage ratio in the long run. Finally, our results support the anchoring theory.
- Journal
- China Finance Review International
Wearable ultrasound devices for therapeutic applications
Shanghai Jiao Tong University Journal CenterPeer-Reviewed Publication
Wearable ultrasound devices represent a transformative advancement in therapeutic applications, offering noninvasive, continuous, and targeted treatment for deep tissues. These systems leverage flexible materials (e.g., piezoelectric composites, biodegradable polymers) and conformable designs to enable stable integration with dynamic anatomical surfaces. Key innovations include ultrasound-enhanced drug delivery through cavitation-mediated transdermal penetration, accelerated tissue regeneration via mechanical and electrical stimulation, and precise neuromodulation using focused acoustic waves. Recent developments demonstrate wireless operation, real-time monitoring, and closed-loop therapy, facilitated by energy-efficient transducers and AI-driven adaptive control. Despite progress, challenges persist in material durability, clinical validation, and scalable manufacturing. Future directions highlight the integration of nanomaterials, 3D-printed architectures, and multimodal sensing for personalized medicine. This technology holds significant potential to redefine chronic disease management, postoperative recovery, and neurorehabilitation, bridging the gap between clinical and home-based care.
- Journal
- Nano-Micro Letters
Removal of hemicellulose from alkaline lignin improved electrochemical performance of hard carbon for sodium-ion battery application
Songshan Lake Materials LaboratoryPeer-Reviewed Publication
A research team from Queensland University of Technology has developed an effective strategy to enhance sodium-ion batteries (SIBs) by using lignin, a natural polymer, as sustainable precursor for hard carbon anodes. Lignin, which is a by-product of processing biomass, has chemical treated to eliminate its hemicellulose. The purified lignin was used to make hard carbon (HC) with improved structural properties, like short-range graphitic layers, fewer defects, and a better pore structure that facilitates sodium storage. Their findings demonstrated that removing hemicellulose significantly boosts the initial Coulombic efficiency (ICE, 76.1%) and the reversible capacity of the hard carbon (277.5 mAh g-1) , along with 86.1% capacity retention after 250 cycles. This study highlights that hemicellulose removal is a crucial first step in improving the electrochemical performance of lignin-derived HC.
- Journal
- Materials Futures
China's high intensity heavy-ion accelerator facility completes beam commissioning
Chinese Academy of Sciences HeadquartersBusiness Announcement
RSA-KG: A graph-based rag enhanced AI knowledge graph for recurrent spontaneous abortions diagnosis and clinical decision support
FAR Publishing LimitedPeer-Reviewed Publication
Recurrent spontaneous abortion (RSA) is a complex, multifactorial condition that presents significant diagnostic challenges. Current clinical guidelines are often inadequate for idiopathic cases or emerging biomarkers, and artificial intelligence (AI) models struggle to integrate multimodal data.
To address these issues, this research developed RSA-KG, a graph-based, RAG-enhanced AI knowledge graph. The system synthesizes multimodal clinical data by integrating 5 international RSA guidelines, utilizing natural language processing (NLP) and multimodal models for data processing.
Evaluations demonstrated that Large Language Models (LLMs) enhanced by RSA-KG significantly outperformed both naive retrieval-augmented generation (RAG) and raw models in diagnostic accuracy. Furthermore, reproductive specialists rated the outputs from the RSA-KG system more favorably than those from raw models or other medical LLMs. RSA-KG represents a novel approach to RSA management, overcoming the limitations of traditional AI by modeling systemic interactions and integrating real-time evidence.
- Journal
- Med Research
Non-histone lactylation: A new frontier in cerebral ischemia-reperfusion injury
FAR Publishing LimitedPeer-Reviewed Publication
- Journal
- Med Research
Hybrid nano-PER: Scalable metasurfaces to accelerate mass production for high-performance optics
Chinese Society for Optical EngineeringPeer-Reviewed Publication
- Journal
- PhotoniX
- Funder
- POSCO-POSTECH-RIST Convergence Research Center program funded by POSCO, The Samsung Research Funding and Incubation Center for Future Technology grant, Samsung Electronics, The National Research Foundation (NRF), the Ministry of Science and ICT (MSIT) of the Korean government
New fuel technology offers cleaner, more efficient diesel engines
Biochar Editorial Office, Shenyang Agricultural University- Journal
- Carbon Research
Biochar reimagined: Scientists unlock record-breaking strength in wood-derived carbon
Biochar Editorial Office, Shenyang Agricultural UniversityPeer-Reviewed Publication