Items

SSE Composite Index

SHSE-SZSE 300 Index

SSE 180 Index

Group 1

Group 2

Group 1

Group 2

Group 1

Group 2

ω0

0.083672

0.0000002

0.00000519

0.00000279

0.00000563

0.00000417

(2.739673)***

(2.705461)**

(2.479394)***

(4.80066)***

(2.523195)**

(4.660592)***

ω

0.049443

0.05344

0.062871

0.054286

0.060544

0.047011

(2.920160)***

(5.557459)***

(4.098672)***

(6.566535)***

(4.192624)***

(5.499854)***

γ

0.054877

−0.008817

0.027241

−0.0045

0.023512

0.008573

(2.804220)***

(−1.017516)

(1.627104)

(−0.511141)

(1.460334)

(0.951414)

λ

0.907604

0.940361

0.915255

0.934117

0.919213

0.932044

(65.78585)***

−82.01937

(82.4307)***

(123.1511)***

(77.87705)***

(108.2906)***

ω + γ

0.10433

0.040635

0.090112

0.049786

0.084056

0.055584