On Spillover Effect of Systemic Risk of Listed Securities Companies in China Based on Extended CoVaR Model

Table 9

Systemic risk spillover effect of financial industry on securities companies.

Company	C1	C2	C3	C4	C5	C6	C7	C8	C9	C10
All Share Brokerage Index	−3.3575	−3.4936	−2.5053	0.6391	−2.9272	−3.2906	−1.6030	−2.4045	1.2224	−2.8223
All Share Financials Index	−0.8715	−1.1664	−0.0259	0.0846	−0.4356	−0.8119	0.8793	0.0708	3.6705	−0.3193
All Share Insurance Index	−0.2144	−1.0981	−0.1401	−0.0509	2.6363	−0.9386	0.8116	−0.0910	3.5862	−0.4410
CSI Banks Index	1.5544	−0.4496	0.5403	0.6517	0.1554	−0.2716	1.4474	0.6205	4.2402	0.2797