金融科技对家庭金融资产配置的影响  

Influence of Financial Technology on Household Financial Asset Allocation

作　　者：曾玲玲[1] 陈建赟 邢思远 ZENG Ling-ling;CHEN Jian-yun;XING Si-yuan(School of Economics,Wuhan University of Technology,Wuhan 430070,Hubei,China)

机构地区：[1]武汉理工大学经济学院,武汉430070

出　　处：《武汉理工大学学报（社会科学版）》2023年第3期96-107,共12页Journal of Wuhan University of Technology:Social Sciences Edition

摘　　要：随着改革开放的不断推进,中国经济飞速发展,家庭财富也实现了快速积累。面对利率市场化和高通货膨胀率,如何实现资产保值增值成为了家庭不得不考虑的问题。通过理论与实证相结合的方式,对金融科技以及家庭金融资产配置的国内外研究现状进行了回顾与整理,并在现有理论研究的基础上构建了金融科技影响家庭金融资产配置的机制框架。在验证传统因素对家庭金融资产配置影响的基础上,研究发现:在2013-2019年全国范围内,金融科技显著增加了家庭对风险性金融资产购买的意愿,并且对其配置比例也有显著的提升作用;具体来说,相较于基金与债券,金融科技对家庭股票市场参与的促进效应最为显著;金融科技对家庭购买金融理财产品的正向影响效应自2013年后逐渐显现;相较于风险性金融资产,金融科技对家庭流动性金融资产配置的影响并不明确,金融资产配置更容易受到金融科技的影响。With the continuous advancement of reform and opening up,China’s economy has developed rapidly,and family wealth has also achieved rapid accumulation.In the face of interest rate liberalization and high inflation,how to maintain and increase the value of assets has become a problem that families have to consider.Through the combination of theory and empirical research,this article first reviews and sorts out the domestic and foreign research status of financial technology and household financial asset allocation,and builds a mechanism framework for Fintech to affect household financial asset allocation on the basis of existing theoretical research.Based on the verification of the influence of traditional factors on the allocation of household financial assets,the research found that:across the country from 2013 to 2019,Fintech significantly increased households’willingness to purchase risky financial assets,and it also significantly increased their allocation ratio.Specifically,compared with funds and bonds,Fintech has the most significant promotion effect on household stock market participation;the positive effect of Fintech on households purchasing financial wealth management products has gradually appeared since 2013;compared with risk Financial assets,the impact of Fintech on the allocation of household liquid financial assets is not clear,financial asset allocation is more susceptible to the influence of Fintech.

关 键 词：金融科技 家庭金融资产配置 CHFS数据 

分 类 号：F830.49[经济管理—金融学] F830.9