Abstract:

China, Investment, Real estate investment, Spillovers, FAVAR, real estate, real estate investment, bond, bond spread, stock market, bond spreads, financial stability, sovereign bond, bonds, bond yield, treasury bond, financial system, stock exchange, treasury bonds, benchmark government bond, government bond, stock market index, stock market indices, stock market indexes, property developers, real estate transaction, savings deposits, bond yields, stock exchange index, financial institutions, government bonds, residential real estate, financial sector, stock index