Research on the Influencing Factors of Household Financial Asset Selection Empirical Evidence from China Financial Survey (CHFS) Data

DOI

10.2991/emle-18.2018.23How to use a DOI?

Keywords

household finance; selection of risk assets; household asset allocation

Abstract

This paper describes the development of family finance in China and the "mystery of limited participation" of family financial risk assets, and analyzes the characteristics of family asset selection with Chinese financial survey data and the factors influencing residents' participation in the financial market by Probit model. This research finds that the holding rate of non-financial assets of Chinese residents is much higher than that of financial assets, and the real estate is the non-financial asset with the highest holding rate of residents. The asset allocation is unbalanced, and both the real estate holdings and social insurance have an impact on residents' participation in the stock market.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yang Jie
AU  - Jin Mengyuan
PY  - 2018/12
DA  - 2018/12
TI  - Research on the Influencing Factors of Household Financial Asset Selection Empirical Evidence from China Financial Survey (CHFS) Data
BT  - Proceedings of the 4th International Conference on Economics, Management, Law and Education (EMLE 2018)
PB  - Atlantis Press
SP  - 137
EP  - 141
SN  - 2352-5428
UR  - https://doi.org/10.2991/emle-18.2018.23
DO  - 10.2991/emle-18.2018.23
ID  - Jie2018/12
ER  -