Would the reputation and behaviour of the Chinese stock exchange be a disincentive to investors considering a Chinese REIT?

China has drawn the world’s attention with the emergence, rapid growth and increasing maturity of its real estate market in the past twenty years. Currently the world’s third largest economy, China was the second largest Asian country for commercial property transaction capital flows in 2006 (JLL, 2007). International investors have recently shown considerable interest regarding property investment in China, via both direct and indirect property and changes to the rules governing internal funds are likely to initiate high levels of effective demand from domestic institutions too. China is yet to develop a Real Estate Investment trust (REIT) market; despite this investment demand encouragement for development of pilot REITs by the PRC government has waxed and waned with political imperatives to manage market and economic volatility. Chinese REITs would theoretically provide the opportunity for investors to access Chinese “property” returns with liquidity and flexibility and might further play a significant role in stabilising the Chinese capital market in the medium and long term. The purpose of this paper is to examine whether the reputation and behaviour of the Chinese stock exchanges is a disincentive to investors considering a Chinese REIT. This is addressed firstly by assessing Chinese stock market volatility compared to that of the Hong Kong and Singapore stock exchanges. Secondly, a survey was used to explore Chinese domestic investors’ attitudes to investment in Chinese property REITs and their preferences amongst the three main Asian stock exchanges where Chinese REITs might potentially be available

The Fisher-KPP equation over simple graphs: Varied persistence states in river networks

In this article, we study the growth and spread of a new species in a river network with two or three branches via the Fisher-KPP advection-diffusion equation over some simple graphs with every edge a half infinite line. We obtain a rather complete description of the long-time dynamical behavior for every case under consideration, which can be loosely described by a trichotomy (see Remark 1.7), including two different kinds of persistence states as parameters vary. The phenomenon of "persistence below carrying capacity" revealed here appears new, which does not occur in related models of the existing literature where the river network is represented by graphs with finite-lengthed edges, or the river network is simplified to a single infinite line

Performance Measures to Assess Resiliency and Efficiency of Transit Systems

Transit agencies are interested in assessing the short-, mid-, and long-term performance of infrastructure with the objective of enhancing resiliency and efficiency. This report addresses three distinct aspects of New Jersey’s Transit System: 1) resiliency of bridge infrastructure, 2) resiliency of public transit systems, and 3) efficiency of transit systems with an emphasis on paratransit service. This project proposed a conceptual framework to assess the performance and resiliency for bridge structures in a transit network before and after disasters utilizing structural health monitoring (SHM), finite element (FE) modeling and remote sensing using Interferometric Synthetic Aperture Radar (InSAR). The public transit systems in NY/NJ were analyzed based on their vulnerability, resiliency, and efficiency in recovery following a major natural disaster

Time series model based on global structure of complete genome

A time series model based on the global structure of the complete genome is proposed. Three kinds of length sequences of the complete genome are considered. The correlation dimensions and Hurst exponents of the length sequences are calculated. Using these two exponents, some interesting results related to the problem of classification and evolution relationship of bacteria are obtained.Comment: 11 pages with 3 figures and 2 tables, Chaos, Solitons and Fractals (Accepted for publications

miR-638 is a new biomarker for outcome prediction of non-small cell lung cancer patients receiving chemotherapy.

MicroRNAs (miRNAs), a class of small non-coding RNAs, mediate gene expression by either cleaving target mRNAs or inhibiting their translation. They have key roles in the tumorigenesis of several cancers, including non-small cell lung cancer (NSCLC). The aim of this study was to investigate the clinical significance of miR-638 in the evaluation of NSCLC patient prognosis in response to chemotherapy. First, we detected miR-638 expression levels in vitro in the culture supernatants of the NSCLC cell line SPC-A1 treated with cisplatin, as well as the apoptosis rates of SPC-A1. Second, serum miR-638 expression levels were detected in vivo by using nude mice xenograft models bearing SPC-A1 with and without cisplatin treatment. In the clinic, the serum miR-638 levels of 200 cases of NSCLC patients before and after chemotherapy were determined by quantitative real-time PCR, and the associations of clinicopathological features with miR-638 expression patterns after chemotherapy were analyzed. Our data helped in demonstrating that cisplatin induced apoptosis of the SPC-A1 cells in a dose- and time-dependent manner accompanied by increased miR-638 expression levels in the culture supernatants. In vivo data further revealed that cisplatin induced miR-638 upregulation in the serum derived from mice xenograft models, and in NSCLC patient sera, miR-638 expression patterns after chemotherapy significantly correlated with lymph node metastasis. Moreover, survival analyses revealed that patients who had increased miR-638 levels after chemotherapy showed significantly longer survival time than those who had decreased miR-638 levels. Our findings suggest that serum miR-638 levels are associated with the survival of NSCLC patients and may be considered a potential independent predictor for NSCLC prognosis

Strain rate dependent mechanical properties in single crystal nickel nanowires

We measure the strain rate dependence of 0.2% offset yield stress in single-crystal nickel nanowires with diameters ranging from 80 to 300 nm. In situ tensile experiments with strain rates from 10 4 s 1 to 10 2 s 1 were conducted, and the small activation volume ( 10b3, where b is the Burgers vector length) and high strain-rate sensitivity ( 0.1) were obtained. These results agreed with atomistic simulations. Our work provides insights into the strength-limiting and rate-controlling mechanism of plasticity at the nanoscale

Robust and clean Majorana zero mode in the vortex core of high-temperature superconductor (Li0.84Fe0.16)OHFeSe

The Majorana fermion, which is its own anti-particle and obeys non-abelian statistics, plays a critical role in topological quantum computing. It can be realized as a bound state at zero energy, called a Majorana zero mode (MZM), in the vortex core of a topological superconductor, or at the ends of a nanowire when both superconductivity and strong spin orbital coupling are present. A MZM can be detected as a zero-bias conductance peak (ZBCP) in tunneling spectroscopy. However, in practice, clean and robust MZMs have not been realized in the vortices of a superconductor, due to contamination from impurity states or other closely-packed Caroli-de Gennes-Matricon (CdGM) states, which hampers further manipulations of Majorana fermions. Here using scanning tunneling spectroscopy, we show that a ZBCP well separated from the other discrete CdGM states exists ubiquitously in the cores of free vortices in the defect free regions of (Li0.84Fe0.16)OHFeSe, which has a superconducting transition temperature of 42 K. Moreover, a Dirac-cone-type surface state is observed by angle-resolved photoemission spectroscopy, and its topological nature is confirmed by band calculations. The observed ZBCP can be naturally attributed to a MZM arising from this chiral topological surface states of a bulk superconductor. (Li0.84Fe0.16)OHFeSe thus provides an ideal platform for studying MZMs and topological quantum computing.Comment: 32 pages, 15 figures (supplementary materials included), accepted by PR

Characterization of rice husk-based catalyst prepared via conventional and microwave carbonisation

© 2017 Elsevier Ltd. Carbon-based sulphonated catalysts (CBSCs) were made from rice husk for biodiesel production. The CBSCs were prepared by microwave (MW) and conventional heating processes from the same feedstock. In both heating systems, the preparation was a two-step process: carbonisation and sulphonation. The aim of this study was to use MW heating to reduce the conventional CBSC preparation time and enhance the -SO 3 H group attachment to the solid catalyst. The biomass based solid acid catalysts from the two systems were characterised and compared in terms of physicochemical properties including: sulphonation, morphology, surface area and structure. The reaction times for MW assisted carbonisation and for sulphonation were significantly reduced compared to the conventional heating system; these were 30 min vs 4 h and 20 min vs 12 h, respectively. The MW prepared catalyst showed higher sulphur content (4.91%) as compared to the conventional catalyst (2.10%). The FTIR analysis showed well distinguished peaks for -SO 3 H for the MW prepared catalyst suggesting the solid catalyst was successfully sulphonated, while these peaks were very weak for the conventional catalyst. SEM analysis revealed a highly porous structure in the MW prepared catalyst, whilst a denser solid resulted for its conventionally prepared analogue, owing to the higher temperatures applied and longer sulphonation time. The surface area for the MW was higher than the conventionally prepared catalysts (43.63 m 2 /g and 37.01 m 2 /g, respectively). The structure of the samples was identified as amorphous for both catalysts as confirmed by XRD. The prepared CBSC is expected to catalyse biodiesel production reaction as evidenced by its total acidity and surface area

A multiple exp-function method for nonlinear differential equations and its application

A multiple exp-function method to exact multiple wave solutions of nonlinear partial differential equations is proposed. The method is oriented towards ease of use and capability of computer algebra systems, and provides a direct and systematical solution procedure which generalizes Hirota's perturbation scheme. With help of Maple, an application of the approach to the $3+1$ dimensional potential-Yu-Toda-Sasa-Fukuyama equation yields exact explicit 1-wave and 2-wave and 3-wave solutions, which include 1-soliton, 2-soliton and 3-soliton type solutions. Two cases with specific values of the involved parameters are plotted for each of 2-wave and 3-wave solutions.Comment: 12 pages, 16 figure