Funding for this research was provided by:
National Natural Science Foundation of China (12101523, 12101465)
The Hong Kong Polytechnic University, Research Centre for Quantitative Finance (P0042708)
Hong Kong RGC (ECS) Grant (25215122, 12471453)
Natural Science Foundation of Zhejiang Province (LMS25A010012)
National Natural Science Foundation of China (12271391)
The Hong Kong Polytechnic University (P0044694, P0045668)
The Hong Kong Polytechnic University (P0050112, P0034891)
The Hong Kong Polytechnic University (P0035348)
Article History
Received: 21 November 2024
Accepted: 13 May 2025
First Online: 18 June 2025