Long Lei

Yiwei Liu, Junbo Wang, Lei Long et al.

Existing financial sentiment analysis methods often fail to capture the multi-faceted nature of risk in bond markets due to their single-level approach and neglect of temporal dynamics. We propose Multi-level Financial Sentiment Analysis (MulFSA) based on pre-trained language models (PLMs) and large language models (LLMs), a novel framework that systematically integrates firm-specific micro-level sentiment, industry-specific meso-level sentiment, and duration-aware smoothing to model the latency and persistence of textual impact. Applying MulFSA to the comprehensive Chinese bond market corpus constructed by us (2013-2023, 1.35M texts), we extracted a daily composite sentiment index. Empirical results show statistically measurable improvements in credit spread forecasting when incorporating sentiment (10.25% MAE and 11.94% MAPE reduction), with sentiment shifts closely correlating with major social risk events and firm-specific crises. Project Page: https://mulfsa.github.io/.

Zhongliang Jiang, Long Lei, Yu Sun et al.

Drilling is one of the hardest parts of pedicle screw fixation, and it is one of the most dangerous operations because inaccurate screw placement would injury vital tissues, particularly when the vertebra is not stationary. Here we demonstrate the drilling state recognition method for moving tissue by compensating the displacement based on a simplified motion predication model of a vertebra with respect to the tidal volume. To adapt it to different patients, the prediction model was built based on the physiological data recorded from subjects themselves. In addition, the spindle speed of the drilling tool was investigated to find a suitable speed for the robotic-assisted system. To ensure patient safety, a monitoring system was built based on the thrusting force and tracked position information. Finally, experiments were carried out on a fresh porcine lamellar bone fixed on a 3-PRS parallel robot used to simulate the vertebra displacement. The success rate of the robotic-assisted drilling procedure reached 95% when the moving bone was compensated.