A Study On The Structure Of Financial Assets Of China’s Resinents

Since reform and opening-up, with the continuous improvement of the income of residents and the development of financial markets, financial awareness of residents is growing. People are no longer limited to relying on a single savings deposits to earn money, more and more families began to pay attention to stocks, funds and other financial products, and focus on the diversification of financial assets to increase the value of assets. But most families lack the necessary financial knowledge in the investment process, either too conservative, only investing in risk-free assets such as savings deposits;either too radical, the majority of assets invested in high-risk assets such as stocks, so that the structure of household financial assets is extremely unreasonable. Therefore, the study on the structure of our residents’ financial assets has great significance. With a large number of authoritative data, this paper analyzes problems such as the status quo of the structure of residents’ financial assets and influencing factors from multiple perspectives. The thesis is divided into six chapters. The main content is as follows.First chapter gives a brief introduction of study background, study purpose and significance, the research status at home and abroad, and research methods and innovations.In second chapter, firstly it makes the clear definition of residents’ financial assets and its structure. Then it describes the theories and characteristics of the structure of residents’ financial assets.At first, the third chapter introduces financial products which are currently available for residents. Then, it analyzes the stock structure of residents’ financial assets from the perspective of macro and micro. And compared with the the structure of the U.S. household financial assets, it gets the differences between the two. At last,this sector studies the changing trend of the incremental structure of residents’ financial assets by the Flow of Funds.According to the status quo of the structure of residents’ financial assets previously described, chapter fourth points out problems in it such as the large proportion of risk-free assets and the high proportion of stocks in the risky assets. Next, it analyzes the factors that affect the structure of residents’ financial assets, dividing them into two parts of the macro and micro. The macroeconomic influening factors mainly include social change, the level of development of the financial market, the disposable income of residents as well as financial awareness of residents. There are many microeconomic influening factors. This paper selectes characteristics such as investment purposes, the home city to analyze statistically.Chapter fifth studies the optimization of the structure of residents’financial assets. Firstly, it constructs the optimal portfolio of risky assets by using the historical return series of treasury bonds, stocks, funds and gold based on the modern securities portfolio theory. The results show that, under ideal conditions, though different investors have different risk preferences, the structure of their risk assets is the same.Then, it gives suggestions through qualitative analysis.The sixth chapter is a summary of the conclusions of the full text. At the same time, it pointes out the inadequacies of this article.