The Impact of COVID-19 on China’s Capital Market and Major Industry Sectors

• DOI: 10.1016/j.procs.2022.01.011
• Publication Date: 2022-02-03T17:18:10Z
• Authors: Weijia Xu; Aihua Li; Lu Wei
• Keywords: 0502 economics and business; 05 social sciences; Article; 3. Good health

This paper studied the impact of COVID-19 on China's capital market and major industry sectors via an improved ICSS algorithm, a time series model with exogenous variable non-parametric conditional probability estimation. Through empirical analysis, it is found that epidemic has no significant return stock bond markets, but increased volatility gradual more obvious. There are differences in significance, direction duration different sectors. In addition, been some industries rapid others. Different show sensitivities their response to COVID-19. Based analysis impact, this put forward corresponding suggestions for investment strategies macro-control decisions.