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

<table class="table-group" id="tab6"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td class="align_left">Department</td><td class="align_center">Name of institution</td><td class="align_center">Node number</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td class="align_left">Bank</td><td class="align_center">Ping An Bank, Shanghai Pudong Development Bank, Huaxia bank, China Minsheng Bank, China Merchant's Bank, Industrial and Commercial Bank of China</td><td class="align_center">node1–node7</td></tr><tr><td class="align_left">Estate</td><td class="align_center">Vanke, Shenzhen Zhenye, Shenzhen Property, Shahe industry, Grandjoy</td><td class="align_center">node8-node12</td></tr><tr><td class="align_left">Insurance</td><td class="align_center">Hubei Biocause Pharmaceutical, Ping An Insurance of China, China Life Insurance</td><td class="align_center">node13-node15</td></tr><tr><td class="align_left">Securities</td><td class="align_center">Northeast Securities, Guangdong Golden Dragon Development, Guangzhou Yuexiu Financial Holdings Group, CITIC Securities, SDIC Capital, Xiangcai, China Fortune Securities Investment Company, Haitong Securities, Harbin Hatou Investment</td><td class="align_center">node16-node24</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Selection of the nodes of institutional risk spillover network.</div>

Complexity

tab6

Table 6

Table 6: Asymmetric Risk Spillover Networks and Risk Contagion Driver in Chinese Financial Markets: The Perspective of Economic Policy Uncertainty 