Table 2 Descriptive statistic and test results
Mean | Variance | Skewness | Ex. Kurtosis | JB | ERS | Q(20) | Q2(20) | |
|---|---|---|---|---|---|---|---|---|
PAB | 0.060 | 0.016 | 2.434*** | 9.745*** | 14,249.428*** | − 4.821*** | 916.423*** | 671.366*** |
BON | 0.079 | 0.023 | 2.596*** | 10.609*** | 16,752.234*** | − 18.965*** | 350.067*** | 98.751*** |
HXB | 0.033 | 0.008 | 2.325*** | 8.991*** | 12,304.131*** | − 15.230*** | 346.383*** | 237.195*** |
CMBC | 0.034 | 0.009 | 3.124*** | 16.014*** | 35,482.284*** | − 9.712*** | 690.272*** | 850.364*** |
BOB | 0.032 | 0.008 | 2.317*** | 9.282*** | 12,925.623*** | − 16.568*** | 513.668*** | 714.793*** |
CEB | 0.065 | 0.016 | 3.417*** | 19.615*** | 51,808.952*** | − 1.357 | 335.478*** | 420.251*** |
SPD | 0.032 | 0.010 | 2.809*** | 11.980*** | 21,026.140*** | − 8.597*** | 2137.595*** | 4914.244*** |
CITIC | 0.073 | 0.033 | 4.564*** | 28.589*** | 108,154.388*** | − 15.062*** | 1082.575*** | 548.402*** |
CMB | 0.035 | 0.007 | 1.124*** | 2.511*** | 1363.437*** | − 20.814*** | 132.324*** | 312.093*** |
CIB | 0.034 | 0.008 | 1.831*** | 6.118*** | 6105.000*** | − 9.635*** | 413.477*** | 508.503*** |
BoCom | 0.028 | 0.007 | 2.947*** | 16.981*** | 38,798.081*** | − 10.016*** | 235.360*** | 468.482*** |
ABC | 0.052 | 0.006 | 0.332*** | 0.630*** | 100.578*** | − 19.916*** | 189.884*** | 329.293*** |
ICBC | 0.029 | 0.006 | 2.029*** | 10.548*** | 15,337.333*** | − 11.417*** | 334.839*** | 1496.611*** |
CCB | 0.030 | 0.006 | 1.446*** | 4.713*** | 3671.491*** | − 18.907*** | 221.709*** | 794.043*** |
BOC | 0.049 | 0.008 | 2.275*** | 13.277*** | 23,652.027*** | − 16.557*** | 213.961*** | 712.953*** |