Proceedings of the 2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026)

2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026)

📍Beijing, China🗓️ 24-26 April 2026
<Previous Article In Volume
Next Article In Volume>

Heterogeneous Effects of Climate Risk on Risk Spillovers in China’s Banking Sector

Climate Risk and Banking Spillovers Evidence from a DY Network Model with Daily-Frequency

Authors
Zhili Zhang1, *
1Shanghai Maritime University, Shanghai, China
*Corresponding author. Email: 202311010024@stu.shmtu.edu.cn
Corresponding Author
Zhili Zhang
Available Online 9 July 2026.
DOI
10.2991/978-94-6239-719-4_41How to use a DOI?
Keywords
climate risk; banking sector risk spillover; Diebold–Yilmaz network model; Granger causality; impulse response function; cross-sectoral heterogeneity
Abstract

This study examines climate-risk transmission through China’s banking sector using a daily-frequency panel of 1,231 trading days for 36 A-share listed banks (2020–2025). A Diebold–Yilmaz spillover network extracts system-wide and sector-level connectedness, while Granger causality tests and orthogonalized VAR impulse responses trace short-run causal channels of the Climate Policy Uncertainty index (CCPU) and a Natural Disasters news index. Key findings: (1) neither risk type elevates aggregate systemic spillovers; (2) CCPU shocks display a “dumbbell-shaped” heterogeneity—state-owned and rural banks are highly sensitive (p = 0.0007), joint-stock banks immune; (3) physical-risk pathways mirror-reverse this pattern. Rural banks constitute the sole “resonance node” significant under both risk types.

Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026)
Series
Advances in Economics, Business and Management Research
Publication Date
9 July 2026
ISBN
978-94-6239-719-4
ISSN
2352-5428
DOI
10.2991/978-94-6239-719-4_41How to use a DOI?
Copyright
© 2026 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhili Zhang
PY  - 2026
DA  - 2026/07/09
TI  - Heterogeneous Effects of Climate Risk on Risk Spillovers in China’s Banking Sector
BT  - Proceedings of the 2026 6th International Conference on Enterprise Management and Economic Development (ICEMED 2026)
PB  - Atlantis Press
SP  - 360
EP  - 368
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-719-4_41
DO  - 10.2991/978-94-6239-719-4_41
ID  - Zhang2026
ER  -