Housing Types, Financial Literacy, and Household Financial Investment Behavior

Sibo Zhao () and Dawei Zhao ()
Additional contact information
Sibo Zhao: Central University of Finance and Economics
Dawei Zhao: Financial Research Institute of the People’s Bank of China

Chapter Chapter 5 in The Household Finance Issues in China, 2024, pp 79-93 from Springer

Abstract: Abstract It is well known that the past decade has been a golden period for Chinese real estate development in China. Houses, as a major asset class, have become a guarantee for the appreciation of residents’ wealth. In recent years, guided by the policy of “housing for living, not for speculation,” the contribution of real estate to wealth is decreasing. Chinese households are gradually shifting their asset allocation from physical assets like real estate towards financial assets. Citic Securities predicts that Chinese households will transfer $18 trillion USD into financial products over the next nine years. This structural shift in asset allocation is beneficial not only for increasing household property income but also for adjusting income distribution gaps and promoting macroeconomic growth.

Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-97-0706-5_5

Ordering information: This item can be ordered from
http://www.springer.com/9789819707065

DOI: 10.1007/978-981-97-0706-5_5

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().