Does COVID-19 impact on financial markets of China-evidence from during and pre-COVID-19 outbreak.

Yu Liu
Author Information
  1. Yu Liu: School of Management, Harbin Institute of Technology, Harbin, Heilongjiang, 150006, China. liuyu_edu@outlook.com.

Abstract

During the outbreak of COVID-19, concern significantly influenced our financial system. This new paper's primary assessment of the COVID-19 virus affects the world's major economies and financial markets. This paper utilizes an event analysis approach and a data model to investigate the influence of COVID-19 on the financial market system from three viewpoints: (1) supply chain finance and titles, (2) processing system, and (3) the financial system of the organization. According to data analysis, the model built in this work may properly depict the influence of COVID-19 on the financial market system. The results indicated that the low age coefficient (p-value (p 0.05)) and a higher blocking condition (p-value (p���>���0.05)) impact city tourism market system with p-values of 0.002 and 0.004, respectively. Other results show the impact of the Chinese New Year vacations. Since then, the government has slowly stabilized its recovery, with many measures taken to limit the epidemic in February and a series of regulatory measures enacted to stabilize financial markets. These findings show a small but statistically significant degree of stabilization in international financial markets in response to stay-at-home government policies and social distancing measures, which is encouraging for political actors concerned about economic performance during the coronavirus 2019 pandemic response.

Keywords

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MeSH Term

Humans
COVID-19
Disease Outbreaks
SARS-CoV-2
China
Pandemics

Word Cloud

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