Zhengyong Jiang

Zhixiang Lu, Chong Zhang, Yulong Li et al.

The vision of an inclusive World Wide Web is impeded by a severe linguistic divide, particularly for communities in low-resource regions of Southeast Asia. While large language models (LLMs) offer a potential solution for translation, their deployment in data-poor contexts faces a dual challenge: the scarcity of high-quality, culturally relevant data and the prohibitive energy costs of training on massive, noisy web corpora. To resolve the tension between digital inclusion and environmental sustainability, we introduce Sustainable Agent-Guided Expert-tuning (SAGE). This framework pioneers an energy-aware paradigm that prioritizes the "right data" over "big data". Instead of carbon-intensive training on unfiltered datasets, SAGE employs a reinforcement learning (RL) agent, optimized via Group Relative Policy Optimization (GRPO), to autonomously curate a compact training set. The agent utilizes a semantic reward signal derived from a small, expert-constructed set of community dialogues to filter out noise and cultural misalignment. We then efficiently fine-tune open-source LLMs on this curated data using Low-Rank Adaptation (LoRA). We applied SAGE to translation tasks between English and seven low-resource languages (LRLs) in Southeast Asia. Our approach establishes new state-of-the-art performance on BLEU-4 and COMET-22 metrics, effectively capturing local linguistic nuances. Crucially, SAGE surpasses baselines trained on full datasets while reducing data usage by 97.1% and training energy consumption by 95.2%. By delivering high-performance models with a minimal environmental footprint, SAGE offers a scalable and responsible pathway to bridge the digital divide in the Global South.

Zhixiang Lu, Chong Zhang, Chenyu Xue et al.

Neural machine translation (NMT) from Chinese to low-resource Southeast Asian languages remains severely constrained by the extreme scarcity of clean parallel corpora and the pervasive noise in existing mined data. This chronic shortage not only impedes effective model training but also sustains a large performance gap with high-resource directions, leaving millions of speakers of languages such as Lao, Burmese, and Tagalog with persistently low-quality translation systems despite recent advances in large multilingual models. We introduce \textbf{M}ultilingual \textbf{E}xpert-\textbf{R}eward \textbf{I}nformed \textbf{T}uning (\textbf{MERIT}), a unified translation framework that transforms the traditional English-centric ALT benchmark into a Chinese-centric evaluation suite for five Southeast Asian low-resource languages (LRLs). Our framework combines language-specific token prefixing (LTP) with supervised fine-tuning (SFT) and a novel group relative policy optimization (GRPO) guided by the semantic alignment reward (SAR). These results confirm that, in LRL{\textrightarrow}Chinese translation, targeted data curation and reward-guided optimization dramatically outperform mere model scaling.

Xiaotian Ren, Nuerxiati Abudurexiti, Zhengyong Jiang et al.

Portfolio optimization in non-stationary markets is challenging due to regime shifts, dynamic correlations, and the limited interpretability of deep reinforcement learning (DRL) policies. We propose a Segmented Allocation with Momentum-Adjusted Utility for Multi-agent Portfolio Management via Hierarchical Deep Reinforcement Learning (SAMP-HDRL). The framework first applies dynamic asset grouping to partition the market into high-quality and ordinary subsets. An upper-level agent extracts global market signals, while lower-level agents perform intra-group allocation under mask constraints. A utility-based capital allocation mechanism integrates risky and risk-free assets, ensuring coherent coordination between global and local decisions. backtests across three market regimes (2019--2021) demonstrate that SAMP-HDRL consistently outperforms nine traditional baselines and nine DRL benchmarks under volatile and oscillating conditions. Compared with the strongest baseline, our method achieves at least 5\% higher Return, 5\% higher Sharpe ratio, 5\% higher Sortino ratio, and 2\% higher Omega ratio, with substantially larger gains observed in turbulent markets. Ablation studies confirm that upper--lower coordination, dynamic clustering, and capital allocation are indispensable to robustness. SHAP-based interpretability further reveals a complementary ``diversified + concentrated'' mechanism across agents, providing transparent insights into decision-making. Overall, SAMP-HDRL embeds structural market constraints directly into the DRL pipeline, offering improved adaptability, robustness, and interpretability in complex financial environments.

Ruoyu Sun, Angelos Stefanidis, Zhengyong Jiang et al.

As a model-free algorithm, deep reinforcement learning (DRL) agent learns and makes decisions by interacting with the environment in an unsupervised way. In recent years, DRL algorithms have been widely applied by scholars for portfolio optimization in consecutive trading periods, since the DRL agent can dynamically adapt to market changes and does not rely on the specification of the joint dynamics across the assets. However, typical DRL agents for portfolio optimization cannot learn a policy that is aware of the dynamic correlation between portfolio asset returns. Since the dynamic correlations among portfolio assets are crucial in optimizing the portfolio, the lack of such knowledge makes it difficult for the DRL agent to maximize the return per unit of risk, especially when the target market permits short selling (i.e., the US stock market). In this research, we propose a hybrid portfolio optimization model combining the DRL agent and the Black-Litterman (BL) model to enable the DRL agent to learn the dynamic correlation between the portfolio asset returns and implement an efficacious long/short strategy based on the correlation. Essentially, the DRL agent is trained to learn the policy to apply the BL model to determine the target portfolio weights. To test our DRL agent, we construct the portfolio based on all the Dow Jones Industrial Average constitute stocks. Empirical results of the experiments conducted on real-world United States stock market data demonstrate that our DRL agent significantly outperforms various comparison portfolio choice strategies and alternative DRL frameworks by at least 42% in terms of accumulated return. In terms of the return per unit of risk, our DRL agent significantly outperforms various comparative portfolio choice strategies and alternative strategies based on other machine learning frameworks.

Fengchen Gu, Zhengyong Jiang, Ángel F. García-Fernández et al.

Portfolio management remains a crucial challenge in finance, with traditional methods often falling short in complex and volatile market environments. While deep reinforcement approaches have shown promise, they still face limitations in dynamic risk management, exploitation of temporal markets, and incorporation of complex trading strategies such as short-selling. These limitations can lead to suboptimal portfolio performance, increased vulnerability to market volatility, and missed opportunities in capturing potential returns from diverse market conditions. This paper introduces a Deep Reinforcement Learning Portfolio Management Framework with Time-Awareness and Short-Selling (MTS), offering a robust and adaptive strategy for sustainable investment performance. This framework utilizes a novel encoder-attention mechanism to address the limitations by incorporating temporal market characteristics, a parallel strategy for automated short-selling based on market trends, and risk management through innovative Incremental Conditional Value at Risk, enhancing adaptability and performance. Experimental validation on five diverse datasets from 2019 to 2023 demonstrates MTS's superiority over traditional algorithms and advanced machine learning techniques. MTS consistently achieves higher cumulative returns, Sharpe, Omega, and Sortino ratios, underscoring its effectiveness in balancing risk and return while adapting to market dynamics. MTS demonstrates an average relative increase of 30.67% in cumulative returns and 29.33% in Sharpe ratio compared to the next best-performing strategies across various datasets.

Ruoyu Sun, Angelos Stefanidis, Zhengyong Jiang et al.

Typical deep reinforcement learning (DRL) agents for dynamic portfolio optimization learn the factors influencing portfolio return and risk by analyzing the output values of the reward function while adjusting portfolio weights within the training environment. However, it faces a major limitation where it is difficult for investors to intervene in the training based on different levels of risk aversion towards each portfolio asset. This difficulty arises from another limitation: existing DRL agents may not develop a thorough understanding of the factors responsible for the portfolio return and risk by only learning from the output of the reward function. As a result, the strategy for determining the target portfolio weights is entirely dependent on the DRL agents themselves. To address these limitations, we propose a reward factor matrix for elucidating the return and risk of each asset in the portfolio. Additionally, we propose a novel learning system named Factor-MCLS using a multi-critic framework that facilitates learning of the reward factor matrix. In this way, our DRL-based learning system can effectively learn the factors influencing portfolio return and risk. Moreover, based on the critic networks within the multi-critic framework, we develop a risk constraint term in the training objective function of the policy function. This risk constraint term allows investors to intervene in the training of the DRL agent according to their individual levels of risk aversion towards the portfolio assets.

Wen Sheng, Zhong Zheng, Jiajun Liu et al.

Background: Liver tumors are abnormal growths in the liver that can be either benign or malignant, with liver cancer being a significant health concern worldwide. However, there is no dataset for plain scan segmentation of liver tumors, nor any related algorithms. To fill this gap, we propose Plain Scan Liver Tumors(PSLT) and YNetr. Methods: A collection of 40 liver tumor plain scan segmentation datasets was assembled and annotated. Concurrently, we utilized Dice coefficient as the metric for assessing the segmentation outcomes produced by YNetr, having advantage of capturing different frequency information. Results: The YNetr model achieved a Dice coefficient of 62.63% on the PSLT dataset, surpassing the other publicly available model by an accuracy margin of 1.22%. Comparative evaluations were conducted against a range of models including UNet 3+, XNet, UNetr, Swin UNetr, Trans-BTS, COTr, nnUNetv2 (2D), nnUNetv2 (3D fullres), MedNext (2D) and MedNext(3D fullres). Conclusions: We not only proposed a dataset named PSLT(Plain Scan Liver Tumors), but also explored a structure called YNetr that utilizes wavelet transform to extract different frequency information, which having the SOTA in PSLT by experiments.

Ziming Gao, Yuan Gao, Yi Hu et al.

Machine Learning algorithms and Neural Networks are widely applied to many different areas such as stock market prediction, face recognition and population analysis. This paper will introduce a strategy based on the classic Deep Reinforcement Learning algorithm, Deep Q-Network, for portfolio management in stock market. It is a type of deep neural network which is optimized by Q Learning. To make the DQN adapt to financial market, we first discretize the action space which is defined as the weight of portfolio in different assets so that portfolio management becomes a problem that Deep Q-Network can solve. Next, we combine the Convolutional Neural Network and dueling Q-net to enhance the recognition ability of the algorithm. Experimentally, we chose five lowrelevant American stocks to test the model. The result demonstrates that the DQN based strategy outperforms the ten other traditional strategies. The profit of DQN algorithm is 30% more than the profit of other strategies. Moreover, the Sharpe ratio associated with Max Drawdown demonstrates that the risk of policy made with DQN is the lowest.