Research on the Dependence Structure and Risk Spillover of Internet Money Funds Based on C-Vine Copula and Time-Varying t-Copula

Table 1

Sample information.

Category	Fund companies	IMFs	Fund size (billion)	Date of establishment	Experimental variables
INTE	Alipay	Tianhong Yu’E Bao	1093.60	2013-05-29	A1
	Baidu	Huaxia Xianjin Zengli A/E	29.13	2004-04-07	A2
	Tencent	Huitianfu Quan’E Bao	90.95	2013-12-13	A3
	Wangyilicai	Huitianfu Xianjin Bao	42.86	2013-09-12	A4
	JD	JiashiHuoqianbao A	26.86	2014-03-17	A5
BANK	China Construction Bank	Jianxin Xianjintianli A	156.35	2014-09-17	A6
	Industrial and Commercial Bank of China	Gongyin Xinjin A	6.81	2014-01-27	A7
	Bank of Communications	Nanfang Xianjintong E	9.48	2004-03-05	A8
	China Minsheng Banking	Minsheng Jiayinxianjin A	19.77	2013-10-18	A9
	Industrial Bank	Xingquan Tianli Bao	87.49	2014-02-27	A10
FUND	GF Fund Management	Guangfa Yindaizi A	16.37	2014-01-10	A11
	Bosera Funds	Boshi Xianjin A	163.72	2004-01-06	A12
	Galaxy Fund Management	Yinhe Yinfu A	18.28	2004-12-20	A13
	Rongtong Fund	Rongyitong Zhifu A	31.12	2006-01-19	A14
	Fullgoal Fund	Fuguo Fuqianbao	50.17	2014-05-07	A15

Note: fund size as of January 31, 2020.