Asymmetric Risk Spillover Networks and Risk Contagion Driver in Chinese Financial Markets: The Perspective of Economic Policy Uncertainty

Table 4

Cross-sectoral risk contagion effect matrix (%).

	Bank	Securities	Insurance	Estate	Diversified finance	Risk absorption
Bank	35.056	15.835	21.012	15.862	12.235	64.944
Securities	15.058	33.348	16.343	16.426	18.825	66.652
Insurance	20.959	17.183	34.988	14.383	12.486	65.012
Estate	15.651	17.189	14.193	34.657	18.311	65.343
Diversified finance	12.364	20.310	12.669	18.921	35.736	64.264
Risk spillover	64.032	70.516	64.217	65.592	61.858	326.215
Sum	99.088	103.864	99.205	100.249	97.594	65.243