Affiliation: | 1. School of Economics, Antitrust and Competition Policy Center, Renmin University of China, Beijing, 100872, China 2. PBC School of Finance, Tsinghua University, Beijing, China 3. Hongyuan Securities, No. 19 Taipingqiao Dajie, Beijing, 100033, China 4. School of Banking and Finance, University of International Business and Economics, Beijing, 100029, China 5. CAPFPP, Central University of Finance and Economics, Beijing, China
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