| The healthy development of financial market is inseparable from good investor education,and the formal education of investors themselves is the basis for investors to understand financial knowledge,and then make reasonable asset selection and investment in the financial market,so this issue has been highly concerned in developed market countries.In contrast,the domestic research in this area is relatively scarce,especially the research based on micro survey data.Based on this,this paper explores whether residents have received education and the impact of education level on the allocation of financial assets based on micro survey data,which can not only supplement the lack of relevant research,but also have important practical significance for the healthy development of China’s financial market.According to the relevant contents of China Comprehensive Social Survey(cgss2015),this paper sorts out the personal characteristics of the respondents,especially classifies their education according to whether they have received education and the degree of education,and classifies the residents’ choice of financial assets into three types: high-risk assets,medium-risk assets and conservative assets,and studies the relationship between them Response.At the same time,considering the differences of regional economic development and education level,the overall data is divided into the East,the middle and the west,respectively,to study the impact of education level in different regions.The results show that educated residents prefer to invest in highrisk assets and medium-risk assets,and there is no significant relationship between conservative asset selection and residents’ education.Moreover,the more educated the residents are,the more willing they are to choose venture capital for investment.The research findings of this paper show that the enrichment and development of financial assets need a good foundation for investor education,especially for China,which has a short history of capital market development,the development of financial products should consider the adaptability of investors,and the key to healthy and longterm development is to put risk control and investor protection in an important position. |
