On December 23 to 24, 2021, by Accounting Development Research Center of Xiamen University , Accounting Department, School of Management, Xiamen University and School of Business Administration and School of Tourism Management (School of Accounting), Yunnan University Starting from the system, telling the Chinese Story well -- Accounting and Finance Seminar and The 2021 Academic Annual Conference of Contemporary Accounting Review was held in Kunming, Yunnan province. A total of 107 experts, scholars and teachers and students from Shanghai University of Finance and Economics, the Chinese University of Hong Kong, Shanghai Jiaotong University, Chongqing University, Nanjing University, Wuhan University, East China Normal University, Shanxi University of Finance and Economics, Anhui University, Northeast University of Finance and Economics, Southwest University of Finance and Economics, Yunnan University of Finance and Economics, Xiamen University, Yunnan University and other brother college and universities attended the conference.

On December 24th, the conference was introduced by Professor Liu Feng, editor-in-chief of Contemporary Accounting Review, and hosted by Professor Wu Peng, vice Dean of School of Business Administration and School of Tourism Management (School of Accounting) of Yunnan University.

The opening ceremony was delivered by Professor Yang Shaojun, director of the Social Sciences Department of Yunnan University, and Professor Li Zengquan, assistant to the president of Shanghai University of Finance and economics and executive editor of Contemporary Accounting Review. On behalf of the University, Professor Yang welcomed and thanked the experts for their presence; Professor Li expounded the theme of this annual conference, "Starting from the system, telling the Chinese story well", and expounded the purpose and original intention of the Contemporary Accounting Review, expressing the best wishes for the development of accounting.

After the opening ceremony, the conference entered four parts: keynote speech, thesis report and exchange, academic lecture and closing ceremony.

The keynote speech was presided over by Professor Long Xiaoning, executive editor of Contemporary Accounting Review and School of Intellectual Property of Xiamen University.

Professor Guan Kai, dean of The School of Ethnology and Sociology, Yunnan University, and Professor Du Xingqiang, Dean of the Department of Accounting, School of Management, Xiamen University, respectively gave keynote speeches entitled "Development myth from the perspective of anthropology -- Why people lie down and become involution" and "Cause and effect".

Professor Guan Kai introduced the purpose and characteristics of "development" from the perspective of anthropology, analyzed the relationship between development and system based on the modern cultural crisis of disenchantment, disembedding and dislocalization, and analyzed the causes of lying down and involution from two dimensions of structure and initiative. Professor Guan's wonderful academic sharing injected new elements into the annual conference and aroused the participants' thinking and discussion.

Professor Du Xingqiang first introduced the problems existing in the process of presumption of causality in existing studies, further explained the possible approaches of presumption of causality from the dimensions of relevance, intervention and counterfactual, and put forward his own opinions from the perspective of formal institutions and informal institutions. Professor Du's profound and simple academic sharing attracted a lot of applause, and the participants had a more profound and comprehensive understanding of the presumption of causality.

The lecture was hosted by Professor Xia Lijun, executive editor of Contemporary Accounting Review, Shanghai Jiaotong University.

Professor Gu Zhaoyang delivered a speech entitled "The New Lease Accounting and Investment Efficiency". Professor Gu paid attention to the change of leasing standards, combined finance with practice, analyzed the impact of the change of leasing standards on the investment behavior of enterprises from two perspectives of accounting information disclosure and confirmation, and called on scholars to pay attention to the impact of the change of accounting standards on corporate behavior.

A total of 70 papers were received at this academic annual conference. A total of 9 papers were selected by experts for conference reports, expert comments and exchanges. The presenter and the title of the papers were: Zou Guohao of Nanjing Normal University, "solidarity: is share repurchase dishonesty contagious?" Li Xinrou from Shanxi University of Finance and Economics said, "can the improvement of national audit independence restrain the excessive financialization of state-owned enterprises?" "Whether the mixed ownership reform can correct the short-term loan and long-term investment - Evidence from listed manufacturing companies" by Dr. Lu Jiayu of Yunnan University, "regional policy uncertainty and enterprise operation expectation sentiment" by PhD candidate Liu Yu of Northeastern University of Finance and Economics ", and "actual tax burden of tax related professional service institutions and enterprises" by Zhou Lijuan of Xiamen University "Corporate governance effect of chain shareholders: from the perspective of financial asset allocation" by Miao Ruichen of Yunnan University of Finance and Economics, and "CFO firm experience and corporate debt financing cost - based on the perspective of talent flow and knowledge spillover" by Associate Professor Zhou kaitang of Wuhan University "The impact of Financial Sharing on audit fees - based on the perspective of auditor human capital" by PhD candidate Chen Xue of Yunnan University of Finance and Economics, and "Research on China's mixed ownership reform and micro enterprise behavior and economic consequences: progress, overview and Outlook" by PhD candidate Cao Jin of East China Normal University.

This seminar is honored to invite Professor Na Chaohong of Yunnan University of Finance and Economics, Professor Zhou Zejiang of Anhui University, Professor Huang Zhizhong of Nanjing University, teacher He Yuan of Xiamen University, Professor Long Xiaohai of Yunnan University, teacher Guo Kai of Shanghai Jiaotong University, Associate Professor Ye Qing of Nanjing University, teacher Li Shengnan of Xiamen University and Associate Professor Yi Yang of Southwest University of Finance and Economics to contribute to 9 papers Theoretical logic, empirical results and other aspects of in-depth comments on the article, accompanied by the wonderful comments of experts, the guests actively interacted.

Accompanied by the wonderful comments of three moderators, Professor Cai Ning, deputy director of the Department of accounting of Xiamen University, Associate Professor Ni Xiangli and Associate Professor Xu Wei of Yunnan University, the guests actively interacted.

The closing ceremony was presided over by Xin Qingquan, a professor of Chongqing University and executive editor of Contemporary Accounting Review.

Liu Feng, director of Accounting Development Research Center of Xiamen University, editor in chief of Contemporary Accounting Review, and professor of Accounting Department of Xiamen University made a brief summary. Professor Liu said that the rich content of the discussion and different research methods at this conference are very enlightening to the research of the participating scholars. At the same time, he expressed his wishes for the construction and development of the platform of Contemporary Accounting Review.

Through the voting of the paper review committee group, the winners of the best paper award and the best comment award of this academic seminar are the best paper award awarded to Liu Yu, a doctoral student of Northeast University of Finance and Economics (report paper: regional policy uncertainty and enterprise operation expectation sentiment); The best comment award was awarded to Professor Ye Qing of Nanjing University (comment paper: CFO firm experience and corporate debt financing cost - based on the perspective of talent flow and knowledge spillover). Professor Gu Zhaoyang and Professor Wu Peng issued the award certificate, and the award was supported by the Guanya development fund of the accounting department of Xiamen University.

The 2021 Academic Annual Conference of Contemporary Accounting Review was successfully held in the beautiful spring city of Kunming. Famous experts and young scholars from the national finance and accounting field gathered here to conduct in-depth discussion and thinking collision on the latest research results and cutting-edge practical exploration. The discussion was heated, and the participants benefited a lot. Finally, the platform of Contemporary Accounting Review will continue to launch and support original and interesting academic research, and strive to promote accounting research with Chinese style!