Research Article
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 |
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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. |