Please wait a minute...
Data Analysis and Knowledge Discovery  2020, Vol. 4 Issue (5): 27-37    DOI: 10.11925/infotech.2096-3467.2019.0929
Current Issue | Archive | Adv Search |
Constructing Knowledge Graph for Financial Equities
Lv Huakui1,3,Hong Liang2,3,Ma Feicheng1,3()
1Center for Studies of Information Resources, Wuhan University, Wuhan 430072, China
2School of Information Management, Wuhan University, Wuhan 430072, China
3Big Data Institute, Wuhan University, Wuhan 430072, China
Download: PDF (1797 KB)   HTML ( 34
Export: BibTeX | EndNote (RIS)      

[Objective] This paper constructs a financial knowledge graph from the perspective of equity, which provides new directions for financial research. [Context] The existing financial research mainly analyses the data of creditor’s rights. Our study helps regulators and researchers through visualization of financial equity data.[Methods] With the help of knowledge connection, we constructed a knowledge graph for Chinese financial equities based on their ownership and the proportion of shareholdings. Then, we visualized the relationship among the financial institutions.[Results] Our knowledge graph had more than 45.86 million nodes and 145.74 million relationships. Users could query entities and their relationships for up to three layers.[Conclusions] The proposed method analyzes the financial network from the perspective of equity, which breaks through the limitations of existing research focusing on creditor’s rights.

Key wordsKnowledge Graph      Ownership Structure      Knowledge Connection     
Received: 09 August 2019      Published: 15 June 2020
ZTFLH:  G353  
Corresponding Authors: Ma Feicheng     E-mail:

Cite this article:

Lv Huakui,Hong Liang,Ma Feicheng. Constructing Knowledge Graph for Financial Equities. Data Analysis and Knowledge Discovery, 2020, 4(5): 27-37.

URL:     OR

Structure of Financial Equity Knowledge Graph
主要关系 概念 实例
持股 持有其他方股份,但未达到控股水平 A持有B小部分股份
控股 持有的股份占公司股本总额50%以上的股东或虽然不足50%,但足以对股东会、股东大会的决议产生重大影响 A持有B大部分股份,能够控制B的生产经营活动
一致行动 投资者通过协议、其他安排,与其他投资者共同扩大其所能够支配的一个上市公司股份表决权数量的行为或者事实 A、B共同股东对C有控制权(或其他信息)
关联交易 构成控制、共同控制或重大影响的投资者之间进行的不公平交易现象 向股东借款、担保
共同人员 机构之间拥有共同高管、董事 A、B有共同高管、董事……
Types and Definitions of Association Relations
Schematic Diagram of Financial Ontology
Example of Financial Equity Knowledge Graph
Calculation Diagram of Shareholding Ratio
Example of Financial Capital System Graph
[1] Silva W, Kimura H, Sobreiro V A. An Analysis of the Literature on Systemic Financial Risk: A Survey[J]. Journal of Financial Stability, 2017,28:91-114.
[2] 李晓娜. 公司交叉持股法律风险问题研究[D]. 贵阳:贵州大学, 2016.
[2] ( Li Xiaona. Corporate Cross-shareholdings Legal Risk Problem Research[D]. Guiyang: Guizhou University, 2016.)
[3] 徐增林, 盛泳潘, 贺丽荣, 等. 知识图谱技术综述[J]. 电子科技大学学报, 2016,45(4):589-606.
[3] ( Xu Zenglin, Sheng Yongpan, He Lirong, et al. Review on Knowledge Graph Techniques[J]. Journal of University of Electronic Science and Technology of China, 2016,45(4):589-606.)
[4] Barry T A, Lepetit L, Tarazi A. Ownership Structure and Risk in Publicly Held and Privately Owned Banks[J]. Journal of Banking & Finance, 2011,35(5):1327-1340.
[5] 梁洪波, 刘远亮. 商业银行股权结构与信用风险——基于中国上市银行的实证分析[J]. 首都经济贸易大学学报, 2012,14(6):45-50.
[5] ( Liang Hongbo, Liu Yuanliang. Ownership Structure and Credit Risk of Commercial Banks: An Empirical Analysis Based on Listed Banks in China[J]. Journal of Capital University of Economics and Business, 2012,14(6):45-50.)
[6] Kanno M. Network Structures and Credit Risk in Cross-shareholdings Among Listed Japanese Companies[J]. Japan and the World Economy, 2019,49(C):17-31.
[7] 王贞秀. 我国上市商业银行股权结构对绩效影响的研究[D]. 北京:首都经济贸易大学, 2018.
[7] ( Wang Zhenxiu. Research on the Influence of the Ownership Structure of Listed Commercial Banks in China on Performance[D]. Beijing: Capital University of Economics and Business, 2018.)
[8] 赵高敏, 马慧子, 郭雨婷. 基于知识图谱的我国互联网金融研究可视化分析[J].商业经济研究, 2019(2):154-156.
[8] ( Zhao Gaomin, Ma Huizi, Guo Yuting. Visualization Analysis of Internet Finance Research in China Based on Knowledge Map[J]. Journal of Commercial Economics, 2019(2):154-156.)
[9] 罗暘洋, 李存金, 方俊. 互联网金融领域的研究前沿演进路径——基于知识图谱的量化研究[J].中国科技论坛, 2018(9):80-88.
[9] ( Luo Yangyang, Li Cunjin, Fang Jun. The Research Evolution Path in Internet Finance——Quantitative Research Based on Knowledge Map[J]. Forum on Science and Technology in China, 2018(9):80-88.)
[10] Loster M, Naumann F, Ehmueller J , et al. CurEx: A System for Extracting, Curating, and Exploring Domain-Specific Knowledge Graphs from Text [C]// Proceedings of the 27th ACM International Conference on Information and Knowledge Management. ACM, 2018: 1883-1886.
[11] 段志生. 图论与复杂网络[J]. 力学进展, 2008,38(6):702-712.
[11] ( Duan Zhisheng. Graph Theory and Complex Networks[J]. Advances in Mechanics, 2008,38(6):702-712.)
[12] Allen F, Gale D. Financial Contagion[J]. Journal of Political Economy, 2000,108(1):1-33.
doi: 10.1086/262109
[13] Kanno M. Assessing Systemic Risk Using Interbank Exposures in the Global Banking System[J]. Journal of Financial Stability, 2015,20:105-130.
[14] Paltalidis N, Gounopoulos D, Kizys R, et al. Transmission Channels of Systemic Risk and Contagion in the European Financial Network[J]. Journal of Banking & Finance, 2015,61(S1):S36-S52.
[15] 中国人民银行.金融机构编码规范[EB/OL]. ( 2010- 05- 25).
[15] ( The People’s Bank of China. Coding Specification for Financial Institutions[EB/OL]. ( 2010- 05- 25).
[16] 刘峤, 李杨, 段宏, 等. 知识图谱构建技术综述[J]. 计算机研究与发展, 2016,53(3):582-600.
[16] ( Liu Qiao, Li Yang, Duan Hong, et al. Knowledge Graph Construction Techniques[J]. Journal of Computer Research and Development, 2016,53(3):582-600.)
[17] Deshpande O, Lamba D S, Tourn M , et al. Building, Maintaining, and Using Knowledge Bases: A Report from the Trenches [C]// Proceedings of the 32nd ACM SIGMOD International Conference on Management of Data. New York: ACM, 2013: 1209-1220.
[18] Ruan T, Xue L, Wang H , et al. Building and Exploring an Enterprise Knowledge Graph for Investment Analysis [C]// Proceedings of the 2016 International Semantic Web Conference. Springer, Cham, 2016.
[19] 马义松, 武志刚. 基于Neo4j的电力大数据建模及分析[J]. 电工电能新技术, 2016,35(2):24-30.
[19] ( Ma Yisong, Wu Zhigang. Modeling and Analysis of Big Data for Power Grid Based on Neo4j[J]. Advanced Technology of Electrical Engineering and Energy, 2016,35(2):24-30.)
[20] 唐旭丽, 马费成, 傅维刚, 等. 知识关联视角下的金融知识表示及风险识别[J]. 情报学报, 2019,38(3):286-298.
[20] ( Tang Xuli, Ma Feicheng, Fu Weigang, et al. Research on Financial Knowledge Representation and Risk Identification from Knowledge Connection Perspective[J]. Journal of the China Society for Scientific and Technical Information, 2019,38(3):286-298.)
[21] La Porta R, Lopez-de-Silanes F, Shleifer A. Corporate Ownership around the World[J]. The Journal of Finance, 1999,54(2):471-517.
[22] 张大勇. 金字塔股权结构对国资控股上市公司业绩影响的实证研究——基于政府控制级别差异的视角[J]. 西南民族大学学报:人文社科版, 2018,39(10):122-128.
[22] ( Zhang Dayong. An Empirical Study on the Impact of Pyramid Ownership Structure on the Performance of State-owned Holding Listed Companies: From the Perspective of Differences in Government Control Levels[J]. Journal of Southwest Minzu University: Humanities and Social Science, 2018,39(10):122-128.)
[23] Su K, Wan R, Li B. Ultimate Ownership, Institutionality, and Capital Structure: Empirical Analyses of Chinese Data[J]. Chinese Management Studies, 2013,7(4):557-571.
[24] 中华人民共和国司法部. 中华人民共和国公司法[EB/OL].[ 2019- 01- 16].
[24] ( Ministry of Justice of the People’s Republic of China. Company Law of the People’s Republic of China[EB/OL].[ 2019- 01- 16].
[25] 曹廷求, 郑录军, 于建霞. 政府股东, 银行治理与中小商业银行风险控制——以山东, 河南两省为例的实证分析[J]. 金融研究, 2006(6):102-111.
[25] ( Cao Tingqiu, Zheng Lujun, Yu Jianxia, Government Shareholders, Bank Governance and Risk Control of Small and Medium-sized Commercial Banks: An Empirical Analysis of Shandong and Henan Provinces[J]. Journal of Financial Research, 2006(6):102-111.)
[26] Laeven L, Ratnovski L, Tong H, Bank Size, Capital, and Systemic Risk: Some International Evidence[J]. Journal of Banking & Finance, 2016,69(S1):S25-S34.
[27] Shleifer A, Vishny R W. Unstable Banking[J]. Journal of Financial Economics, 2010,97(3):306-318.
[28] 申唯正, 孙洪钧. 习近平总书记关于金融重要论述的哲学探析[J].毛泽东邓小平理论研究, 2019(4):25-32.
[28] ( Shen Weizheng, Sun Hongjun. A Philosophical Analysis of Xi Jin-ping’s Socialist Financial Thought with Chinese Characteristics for a New Era[J]. Studies on Mao Zedong and Deng Xiaoping Theories, 2019(4):25-32.)
[1] Liang Ye,Li Xiaoyuan,Xu Hang,Hu Yiran. CLOpin: A Cross-Lingual Knowledge Graph Framework for Public Opinion Analysis and Early Warning[J]. 数据分析与知识发现, 2020, 4(6): 1-14.
[2] Haici Yang,Jun Wang. Visualizing Knowledge Graph of Academic Inheritance in Song Dynasty[J]. 数据分析与知识发现, 2019, 3(6): 109-116.
[3] Ying Wang,Li Qian,Jing Xie,Zhijun Chang,Beibei Kong. Building Knowledge Graph with Sci-Tech Big Data[J]. 数据分析与知识发现, 2019, 3(1): 15-26.
[4] Jiying Hu,Jing Xie,Li Qian,Changlei Fu. Constructing Big Data Platform for Sci-Tech Knowledge Discovery with Knowledge Graph[J]. 数据分析与知识发现, 2019, 3(1): 55-62.
[5] Shen Zhihong,Yao Chang,Hou Yanfei,Wu Linhuan,Li Yuepeng. Big Linked Data Management: Challenges, Solutions and Practices[J]. 数据分析与知识发现, 2018, 2(1): 9-20.
[6] Jiang Ying,Zhang Jing,Zhu Lingxuan. Extracting and Visualizing Knowledge Graph Schema from Linked Data with Cytoscape Platform[J]. 数据分析与知识发现, 2017, 1(3): 29-37.
  Copyright © 2016 Data Analysis and Knowledge Discovery   Tel/Fax:(010)82626611-6626,82624938