On June 2,the forum of “Science• Nankai”,which was hosted by Graduate Students’ Affairs Department of the Party Committee and undertaken by Institute of Finance and Development, was held at B110 room of Wenchuang Building. The Yangtze River Scholar of Ministry of Education, National Outstanding Youth, Vice Dean of Xiamen University Graduate School, Professor of The Wang Yanan Institute for Studies in Economics, Xiamen University, PhD of Economics of the University of Pittsburgh, Professor Fang Ying were invited to give lectures on the topic of Whether the Policy of China's Environmental Information Disclosure is Effective. The graduates and teachers of Institute of Finance and Development and other related faculty of Nankai University attended the lecture.

In the lecture of “Science• Nankai” Forum, Professor Fang Ying shared his latest research results of China's environmental information disclosure policy with teachers and students from Nankai University.The research of Professor Fang Ying examines the reaction of the Shanghai and Shenzhen stock market to the Environmental penalties information disclosed by the Environmental protection department systematically and concluded that the information disclosure of environmental pollution is invalid in the financial markets of China. Professor Fang Ying conducted an in-depth analysis of its causes and found that the important reasons were too light current environment penalties in our country and the low cost of illegal activities on environment. By comparing the importance of corporate environmental responsibility and the reaction of investors to the information of breaking the environment law in the A-share market and H-share market, Professor Fang found that the another important reason was that investors in A-share market pay less attention to corporate environmental responsibility. Professor Fang also found that the importance of social medias’ coverage and the improvement of emotional intensity of environmental pollution contribute to the effective implementation of environmental information disclosure policy.

The lecture lasted more than two hours. He Feng, postdoctor of Institute of Finance and Development,other young teachers and graduate students discuss with Professor Fang Ying on the innovation points and research design of the article, and the atmosphere is lively.The spirit of Professor Fang expressed in the scientific research have deeply affected everyone.The teachers and students present felt the charm of econometrics research and this lecture inspired everyone's enthusiasm for learning and innovation. The seminar was successfully concluded with warm applause.