Shifting balances of systemic risk in the Chinese banking sector: Determinants and trends

We examine the evolution and factors of systemic risk in Chinese banking sector over last decade from perspective domestic international investors. apply SRISK measure to a representative sample listed institutions that captures up 60% total assets utilize Granger-causality network-based approach demonstrate interlinkages among banks beyond largest financial institutions. show dramatic increase after 2011 increased contribution small- medium-sized banks. also identify causal relationships housing prices, economic policy uncertainty shadow towards prices. According our results, concerns both investors about stability system are well justified event could be caused by distress institution outside group