Xiamen harbors tourists from all over the world, and the door is open to thousands of waves. On March 5, 2022, the fourth 2022 Academic Symposium on accounting, law and capital markets was held in Xiamen, Fujian Province. A total of 79 experts, scholars, teachers and students from Sun Yat sen University, Central University of Finance and Economics, Chongqing University, Nanjing University, Fuzhou University, Northeast University of Finance and Economics, Yunnan University of Finance and Economics, Zhejiang University of Finance and Economics, Yangzhou University, Xiamen National Institute of Accounting and Xiamen University, as well as Ernst & young, Lixin certified public accountants and Beijing Yingke (Xiamen) law firm and other practitioners attended the meeting. The conference was organized by the Accounting Development Research Center of Xiamen University and the Department of Accounting of the School of Management of Xiamen University, and was supported by the academic collection of contemporary accounting review, the major projects (71790602) and key projects (72132006) of the National Natural Science Foundation of China.

In the morning, the meeting was presided over by Professor Zhang Guoqing, deputy director of the Department of Accounting, School of Management, Xiamen University.

The opening ceremony was delivered by Professor Zhou Shouhua, Deputy Secretary General of the Chinese Accounting Society, and Professor Li Jianfa, former executive deputy secretary of the Party Committee and Dean of the School of Management of Xiamen University. On behalf of the Chinese Accounting Society, Professor Zhou Shouhua congratulated the opening of the conference, delivered a speech on the theme of "Promoting Accounting Discipline Research and Establishing a Cooperation Platform", and expressed his best wishes for the success of the conference; On behalf of the University, Professor Li Jianfa welcomed and thanked the experts, discussed the future development direction of the combination of accounting and other interdisciplinary disciplines around the relationship between accounting and law, and clarified the theme of this academic seminar on accounting, law and capital markets.

After the opening ceremony, the conference entered four links: Keynote Speech, Thesis Report and Comments, Academic Salon and Closing Ceremony.

The theme report was presided over by Professor Zhang Junsheng of the School of Management of Sun Yat sen University.

In the theme report, Professor Long Xiaoning of the Intellectual Property Research Institute of Xiamen University and Professor Wang Yanchao, deputy dean of the School of Accounting of the Central University of Finance and Economics, delivered keynote speeches entitled "Economic Calculation in Judicial Proceedings -- Also on How to Effectively Protect Property Rights" and "Investor Protection Failure and Governance Mechanism: Research on the Analytical Framework based on China's Mainland".

Professor Long Xiaoning elaborated on the necessity and practice of introducing economic analysis into intellectual property litigation, and combined with specific cases such as "Vanillin Case" and "Oaks Gree Compressor Case", discussed the specific practice of using economic analysis methods such as causal identification in economic losses and infringement, so that the participants had a deeper and comprehensive understanding of the application of economic analysis in the process of property protection.

Professor Wang Yanchao first introduced the reasons for the failure of investor protection in combination with typical cases, and thought about investor protection from the dimensions of institutional investors, small and medium-sized investors and the protection of the whole industrial chain. On this basis, Professor Wang's preliminary idea of building a trinity investor protection framework of "Market Mechanism, Regulatory System and Legal System" based on the Chinese scenario aroused the participants' thinking and discussion.

In the next part of the paper report and comment, a total of five representatives reported the paper. The speaker and the title of the paper were: Professor Liu Bin of Chongqing University's "Can Short Selling Mechanism Restrict the Debt Capital Expansion of Enterprise Groups?" Sun Kunpeng, associate professor of the Central University of Finance and Economics, "How does Corporate Governance of Financial Institutions Affect the Information Environment of the Capital Market? -- a Study Based on the Governance of Underwriting Securities Companies and the Quality of Information Disclosure after Listing", Fang Qiaoling, teacher of Fuzhou University, "Fishing without Drying up: can a Long-term Oriented Culture Reduce Regulatory Inquiries?" "Antitrust Law and Efficiency of Resource Allocation: an Investment Driven Perspective" by Teacher Xu Nuo of Zhejiang University of Finance and Economics, and "the Paradox of M & a Goodwill: an Analysis based on the Perspective of Institutional Economics" by Professor Miao Yanjuan of Yangzhou University.

This symposium is honored to invite assistant professor Shen Jianghua of Xiamen University, Assistant Professor Meng Qingxi of Xiamen University, teacher Yuan Xin of Northeast University of Finance and economics, Professor Zhang Junsheng of Sun Yat sen University and Assistant Professor Guo Rui of Xiamen University to comment on the above five papers in depth from the aspects of article contributions, theoretical logic and empirical results.

Accompanied by the wonderful comments of two moderators, Professor Cai Ning, deputy director of the Department of Accounting, School of Management, Xiamen University, and Associate Professor Xu Hui, Yunnan University of Finance and Economics, the guests actively interacted.

The Academic Salon was presided over by Professor Liu Feng, director of the accounting development research center of Xiamen University and the Department of Accounting of the School of Management of Xiamen University.

Lawyer Guo Huimin, senior partner of Beijing Yingke (Xiamen) law firm, Professor Huang Shizhong, President of Xiamen National Accounting Institute, Yang Zhiguo, executive president of Lixin certified public accountants, and Zhang Jun, partner of Ernst & Young forensic and integrity compliance, shared their views and held relevant discussions on the theme of "Accounting and Auditing in the Changing Legal Environment".

Mr. Yang Zhiguo, CEO of Lixin certified public accountants, launched a series of discussions on the long arm supervision of the "Zhong Gai" audit institution, and proposed possible solutions; Professor Huang Shizhong, Dean of Xiamen National Accounting Institute, combined with typical cases such as "Wuyang Debt" and "Kangmei Case", examined and analyzed the key points in the process of accounting fraud from the perspective of all participants, and put forward the view that it is necessary to purify the audit environment through good law and good governance; Ms. Zhang Jun, partner of Ernst & young and integrity compliance, combined with her rich experience, introduced the importance and specific performance of law in compliance due diligence, risk assessment, compliance integration and other matters in simple terms; Lawyer Guo Huimin, senior partner of Beijing Yingke (Xiamen) law firm, put forward his own views on the "Wuyang Debt" and "Kangmei Case" from the professional perspective of law. Lawyer Guo's analysis injected new elements into this academic annual meeting and caused the participants' thinking and discussion.

After the point of view sharing session, the guests held a series of questions and discussions with four experts on the theme of "Law and Accounting", such as the application of modern information technology in the audit process, the "Release" behavior in the audit process, and how to reduce the differences between audit standards and laws and regulations. The thought collision and wonderful explanation of the four experts made the scene colorful and applauded constantly

Finally, we entered the closing ceremony under the wonderful chairmanship of Professor Du Xingqiang, Dean of the Accounting Department of the School of Management of Xiamen University. Professor Du took the opportunity to express his best wishes to the participants and the accounting discipline.

Professor Liu Bin from the school of economics and business administration of Chongqing University made a brief summary. Professor Liu Bin said that the meeting was rich in content and unique in perspective on the latest research results and cutting-edge practical exploration, which was very enlightening to the research of the participating scholars. At the same time, I wish for the construction and development of accounting discipline.

The symposium was successfully held in Xiamen, Ludao, and made important contributions to promoting the construction of a new interdisciplinary theoretical system, actively expanding the knowledge capacity of accounting and law disciplines, with a view to stepping out of the path of high-quality development of the capital market with Chinese characteristics.