Ripple-Spreading Network of China’s Systemic Financial Risk Contagion: New Evidence from the Regime-Switching Model

Table 1

Name and abbreviation of China’s financial institutions.

No.	Institution name	Abbr.
1	China Vanke Co., Ltd.	RE01
2	Poly Developments and Holdings Group Co., Ltd.	RE02
3	Shenzhen Overseas Chinese Town Co., Ltd.	RE03
4	China Fortune Land Development Co., Ltd.	RE04
5	Gemdale Corporation	RE05
6	Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd.	RE06
7	Xinhu Zhongbao Co., Ltd.	RE07
8	Oceanwide Holdings Co., Ltd.	RE08
9	Risesun Real Estate Development Co., Ltd.	RE09
10	Youngor Fashion Co., Ltd.	RE10
11	Jinke Property Group Co., Ltd.	RE11
12	Industrial and Commercial Bank of China	ICBC
13	Agricultural Bank of China	ABC
14	Bank of China	BOC
15	China Construction Bank	CCB
16	Bank of Communications	BCM
17	China Merchants Bank	CMB
18	Shanghai Pudong Development Bank	SPD
19	China CITIC Bank	BCC
20	Ping An Bank	PAB
21	Huaxia Bank	HXB
22	China Minsheng Bank	MSB
23	China Everbright Bank	CEB
24	China’s Industrial Bank	IBC
25	Bank of Beijing	BOB
26	Bank of Nanjing	BNJ
27	Bank of Ningbo	BNB
28	China Merchants Securities	CMS
29	Changjiang Securities	CJS
30	CITIC Securities	CITIC
31	Everbright Securities	EBS
32	GF Securities	GFS
33	Guoyuan Securities	GYS
34	Sinolink Securities	SLS
35	Southwest Securities	SWS
36	Haitong Securities	HTS
37	Huatai Securities	HZS
38	Northeast Securities	NES
39	Pacific Securities	PS
40	Sealand Securities	SS
41	Industrial Securities	IS
42	China Life Insurance	CLIC
43	China Pacific Insurance	CPIC
44	China Ping An Insurance	PAIC
45	Tianmao Insurance Company	TMIC
46	Xinli Finance	XLF
47	Anxin Trust and Investment	AXT
48	Bohai Leasing	BHL
49	Luxin Venture Capital	LXC
50	Minmetals Capital Company	MCC
51	Minsheng Holdings	MSH
52	Aijian Group	AJG
53	Shaanxi International Trust	SIT
54	Sunny Loan Top	SLT
55	CNPC Capital Company Limited	CNP

Note. No. 1–11 represent the real estate companies; no. 12–27 represent banks; no. 28–41 represent securities; no. 42–45 represent insurance; no. 46–55 represent the diversified financial institutions.