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	param	t-stat
$ω$	0.7763	6.62
$α$	0.1682	12.69
$β$	0.8176	55.49
$γ_{1}$	0.0111	0.21
$γ_{2}$	-0.0702	-0.66
$γ_{3}$	-0.0554	-0.39

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China Merchants Innovation & Technology Hong Kong Ltd Spline ILLIQ Liquidity Analysis

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Parameter Estimates

News Impact Curve

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