The Impact of Internet Finance on Household Risk Asset Allocation-Mechanism Analysis

DOI

10.2991/978-94-6463-441-9_7How to use a DOI?

Keywords

Internet; Mobile Payment; Family Risk Asset Allocation; Optimize Residents’ Investment; Mechanical Analysis

Abstract

Chinese households primarily rely on savings as the main component of their assets, yet the returns are distressingly low. Additionally, Chinese residents encounter challenges when it comes to preserving their wealth, as they have limited investment opportunities and face other obstacles. Nevertheless, the emergence of Internet finance, driven by the development of network information technology, has brought about substantial changes in how we produce, consume, make payments, and manage our investments and finances. This paper aims to explore the potential impact of Internet finance on residents’ financial investment by conducting a comprehensive analysis.To achieve this objective, I employ a sample from the 2017 CHFS household financial survey data. The results reveal that the utilization of computers increases the proportion of households’ allocation of financial assets. Furthermore, regardless of the inclusion of control variables, the regression coefficients are significant. This result suggests that a higher proportion of mobile payment usage is associated with an increased allocation of financial assets by households. These outcomes offer valuable insights for policymakers to introduce effective measures promoting rational household investment, optimizing the allocation of residents’ investments, stimulating overall social investment, and refining the management of residents’ investment portfolios and risk control. By addressing these challenges, we can strive towards improving the financial well-being of Chinese households.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Hangkai Zhang
PY  - 2024
DA  - 2024/06/21
TI  - The Impact of Internet Finance on Household Risk Asset Allocation-Mechanism Analysis
BT  - Proceedings of the 2023 International Conference on Economic Management，Financial Innovation and Public Service (EMFIPS 2023)
PB  - Atlantis Press
SP  - 58
EP  - 72
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-441-9_7
DO  - 10.2991/978-94-6463-441-9_7
ID  - Zhang2024
ER  -