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The Financial Market in China under the COVID-19

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  • Bingyu Zhao
  • Wanping Yang
  • Jun Wen
  • Wei Zhang

Abstract

The main aim of this study is to investigate the effects of COVID-19 on financial markets in China. Results of correlation analysis indicate that higher financial correlation among provinces emerged after the official announcement regarding COVID-19 in China. The Minimum Spanning Tree (MST) results after the pandemic announcement denote that Shanghai, Beijing, Jiangsu, Zhejiang, and Chongqing become the new cores, and the overall linking type exhibits cluster mode, which is varied from the intertwined connection mode. In addition, through Ensemble Empirical Mode Decomposition (EEMD) and Wavelet analysis, we found that financial markets in China are more susceptible to unexpected incidents.

Suggested Citation

  • Bingyu Zhao & Wanping Yang & Jun Wen & Wei Zhang, 2022. "The Financial Market in China under the COVID-19," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 58(13), pages 3726-3738, October.
  • Handle: RePEc:mes:emfitr:v:58:y:2022:i:13:p:3726-3738
    DOI: 10.1080/1540496X.2022.2070472
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    Cited by:

    1. Nguyen, An Pham Ngoc & Mai, Tai Tan & Bezbradica, Marija & Crane, Martin, 2023. "Volatility and returns connectedness in cryptocurrency markets: Insights from graph-based methods," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 632(P1).
    2. Emre BULUT & Ahmed İhsan ŞİMŞEK, 2023. "The Relationship Between the Stock Market Volatility, Liquidity, Exchange Rate Return, and Stock Return During the COVID-19 Period: The case of the BIST 100 Index," Bingol University Journal of Economics and Administrative Sciences, Bingol University, Faculty of Economics and Administrative Sciences, vol. 7(1), pages 121-135, June.
    3. Zhenya Zhang & Wanping Yang & Dong Li & Yajuan Wang, 2023. "Impact of Two-Way FDI on China’s Environmental Quality: The Perspective of Environmentally Cleaner Production and End Treatment," IJERPH, MDPI, vol. 20(5), pages 1-31, February.
    4. Chen, Jia & Yi, Xingjian & Liu, Hao, 2024. "Asset redeployability and firm value amidst the COVID-19 pandemic: A real options perspective," International Review of Financial Analysis, Elsevier, vol. 94(C).

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