Skip to main content
. 2021 Aug 20;72:213–225. doi: 10.1016/j.eap.2021.08.002

Table 2.

Number of stocks and date of event day by province.

Provinces # of firms in main-board market # of firms in SME and GEM market Event day Increase of confirmed cases on event day Lockdown Lockdown start date Lockdown ending date
Beijing 221 117 13-Jun-20 32 Yes 10-Feb-20 N/A
Tianjin 42 10 3-Feb-20 15 Yes
Hebei 43 10 12-Jan-21 90 Yes 08-Jan-21 27-Jan-21
Shanxi 28 3 7-Apr-20 25 No
Inner Mongolia 19 3 12-Apr-20 27 Yes 21-Nov-20 N/A
Liaoning 54 14 31-Jan-20 11 Yes 05-Feb-20 20-Feb-20
Jilin 32 4 24-Jan-21 46 Yes 09-May-20 09-Jun-20
Heilongjiang 29 3 13-Apr-20 79 Yes 13-Dec-20 10-Jan-20
Shanghai 228 63 11-Apr-20 25 Yes 10-Feb-20 N/A
Jiangsu 285 118 30-Jan-20 37 Yes 04-Feb-20 08-Feb-20
Zhejiang 342 100 29-Jan-20 105 Yes 02-Feb-20 08-Feb-20
Anhui 87 18 6-Feb-20 74 Yes 05-Feb-20 08-Feb-20
Fujian 102 31 26-Jan-20 15 No
Jiangxi 31 12 3-Feb-20 85 Yes 04-Feb-20 06-Feb-20
Shandong 163 39 20-Feb-20 202 Yes 03-Feb-20 09-Feb-20
Henan 60 14 3-Feb-20 109 Yes 04-Feb-20 N/A
Hubei 75 25 12-Feb-20 13797 Yes 23-Jan-20 08-Apr-20
Hunan 75 28 28-Jan-20 72 No
Guangdong 396 201 31-Jan-20 114 Yes 06-Feb-20 N/A
Guangxi 30 1 29-Jan-20 18 Yes 02-Feb-20 08-Feb-20
Hainan 20 3 27-Jan-20 12 No
Chongqing 45 5 2-Feb-20 37 Yes 31-Jan-20 N/A
Sichuan 90 31 30-Jan-20 28 Yes 07-Feb-20 N/A
Guizhou 27 1 31-Jan-20 13 Yes 07-Feb-20 N/A
Yunnan 29 4 28-Jan-20 8 Yes 14-Sept-20 21-Sept-20
Tibet 15 3 N/A 0 No
Shaanxi 37 13 31-Jan-20 23 Yes 09-Feb-20 N/A
Gansu 27 3 6-Mar-20 17 Yes 07-Feb-20 N/A
Qinghai 9 0 2-Feb-20 2 No
Ningxia 11 0 5-Feb-20 6 Yes 31-Jan-20 N/A
Xinjiang 44 5 30-Jul-20 112 Yes 24-Aug-20 01-Sept-20

Note: This table reports the geographical distribution of stocks, the date of event day, the number of confirmed cases of COVID-19 on that date, whether there is a lock down announced by the government and the lockdown periods if it is available for 31 provinces. ‘N/A’ means the information is not available. Note that the event day for a province is defined as the day when there are most confirmed cases of COVID-19 in the sample period between Dec 2nd, 2019 and Feb. 23rd 2021.