All years

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

A shares 2002-2014 data

16777

1062

1140

1204

1268

1317

1302

1316

1328

1330

1336

1365

1395

1414

data wipe off banking business

−342

−15

−16

−18

−19

−19

−19

−24

−31

−31

−63

−37

−40

−40

A shares 2002-2014 data wipe off banking business

16435

1047

1124

1186

1249

1298

1283

1292

1297

1299

1303

1328

1355

1374

Data wipe off Lag phase

−1450

0

−80

−70

−67

−59

−1

−15

−15

−3

−13

−27

−32

−21

Final Sample

14985

0

1044

1116

1182

1239

1282

1277

1282

1296

1290

1301

1323

1353