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CSI 800 index consists of CSI 500 index and CSI 300 index, aiming to reflect the performance of stocks with large, mid and small size of China A share market. In this paper we analyze the multifractal structure of Chinese stock market in the CSI 800 index based on the multifractal detrended fluctuation analysis (MF-DFA) method. We find that the fluctuation of the closing logarithmic returns have multifractal properties, the shape and width of multifractal spectrum are depended on the weighing order q . More interestingly, we observe a bigger market crash in June–August 2015 than the one in 2008 based on the local Hurst exponents. The result provides important information for further study on dynamic mechanism of return fluctuation and whether it would trigger a new financial crisis. [ABSTRACT FROM AUTHOR]

Bus transport networks are directed complex networks that consist of routes, stations, and passenger flow. In this study, the concept of duplication factor is introduced to analyze the differences between uplinks and downlinks for the bus transport network of Harbin (BTN-H). Further, a new representation model for BTNs is proposed, named as directed-space P. Two empirical characteristics of BTN-H are reported in this paper. First, the cumulative distributions of weighted degree, degree, number of routes that connect to each station, and node weight (peak-hour trips at a station) uniformly follow the exponential law. Meanwhile, the node weight shows positive correlations with the corresponding weighted degree, degree, and number of routes that connect to a station. Second, a new richness parameter of a node is explored by its node weight and the connectivity, weighted connectivity, average shortest path length and efficiency between rich nodes can be fitted by composite exponential functions to demonstrate the rich-club phenomenon. [ABSTRACT FROM AUTHOR]