Chinese Residents In Financial Research

When entering into the 21st century, finance science is confronted with new chances. Finance researchers are incumbent on finding the new "increasing point". This paper tries to study the new characteristics and new orderliness of personal finance on the condition of China's socialist market economy. The author would like to contribute his humble efforts for setting up a new embranchment of finance science -----China's personal finance. China's personal finance aims at studying the existing activities of China's personal finance and finance relationship orderliness on the condition of commodity economy. It can optimize personal finance behaviors by means of organizing personal capital movement reasonably and harmonizing the finance relationship, which is one of the important segments for the personal social economic activities. This paper is about to summarize personal finance study fruits both at home and abroad and probe into the foundations , significances and other contents for setting up personal finance science in China.Since the Third Section of Eleventh Plenary Meeting, China's market economy has been deepen continually with the shifting of the Party's center task and the implement of reform and open policy, which not only promotes the never-before prosperity of China's national economy, but also give a rise to the development of personal finance that has become an important segment of national economic activity. The space of personal property right promptly extends. People can possess not only consuming properties but also production properties and financial assets such as stocks and bonds, besides knowledge property rights such as invention and patent property rights. With the prompt development of China's social economy and the increasing diversification of income distribution forms, the channels of rural and urban residents' personal income increase continually, personal income level goes up promptly. Especially with integrated process of modern world economy, abundant practice of advanced technology fruits and expansion of electronic trade,Internet changes traditional personal finance modes fundamentally in the way of convenient, rapid and efficient communication. Personal finance by Internet has been a new fashion. The content of personal finance is very rich and is making great progress. Unfortunately, the learning circle hasn't paid enough attention to it and there hasn't formed systematic study on it. However, the press circle takes sensitive feedback at personal finance. Newspaper, broadcasting station, network etc. offer security weekly or finance column to popularize investment knowledge. Based on these, the author firstly put forward establishing personal finance (family finance) science in May of 1999 in China. After that, the author published a series of personal finance paper to discuss the problem. Taking personal finance as research object seems to be too limited, but in the author's opinion, finance is a science to study the change of wealth by nature. Whether the theory of economic science is profound or simple, its existing value is whether it can make right explanation and forecast for the economic phenomena which has taken place or will take place. The key point of finance, as an economic subject, lies in whether the study object can be close to reality instead of its size and other respects. Based on the demand of economic development, the exploit and improvement of personal finance theory has theoretical and practical meaning for us. The meaning of studying China's personal finance is obvious, which can be generalized as follows. Firstly, it may optimize personal finance behaviors and promote the development of private economy. Secondly, it favors us to understand the main factors that affected China's personal finance and grasp the change trend of China's personal finance, which can offer foundations for government to make economic policies and use policies properly. Thirdly, it is in favor of perfecting personal credit system, thereby developing consumption credi...