Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Analysis of Chinese Household Financial Assets

Authors
Yichun Zhao1, *
1Nanjing Foreign Language School, Nanjing, China
*Corresponding author. Email: zyccindy0125@outlook.com
Corresponding Author
Yichun Zhao
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_38How to use a DOI?
Keywords
asset allocation; income level; financial assets; venture capital; housing loans
Abstract

With the rapid growth of the economy, more and more people in China are attaching great importance to asset allocation. In order to make better decisions while investing, people pay more attention to the influencing factors of asset allocation. Recently, a lot of research has been written about asset allocation. Few papers discussed how income level influences the situation of asset allocation. Therefore, the goal of this paper is to explain and analyze the asset allocation of different income groups in China by processing data and comparing. We found that low-risk deposits account for far more than other types of financial products, while high-risk stocks and other investments account for a low proportion, and financial assets lack diversified allocation. Households in first-tier cities with high GDP and developed economies are relatively more balanced in the ratio of financial assets, while third-tier cities tend to prefer financial products with low risk. The paper will help families in China gain more knowledge about asset allocation so that people will make better choices in practice.

Copyright
© 2022 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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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_38How to use a DOI?
Copyright
© 2022 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.

Cite this article

risenwbib
TY  - CONF
AU  - Yichun Zhao
PY  - 2022
DA  - 2022/12/31
TI  - Analysis of Chinese Household Financial Assets
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 256
EP  - 261
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_38
DO  - 10.2991/978-94-6463-036-7_38
ID  - Zhao2022
ER  -