Ⅰ. Introduction
Ⅱ. Theoretical Background and Hypotheses
2.1 Techno Economic Paradigm Theory
Ⅲ. Study Design and Model Building
3.1 Data
3.2 Variables
3.3 Model Building
Ⅳ. Empirical Results
4.1 Descriptive Statistics
4.2 Correlation Analysis
4.3 Benchmark regression
Ⅴ. Policy Efficacy and Robustness Analysis ofMargin Financing
Ⅵ. Conclusion
References