Analysis on Regional Differences and Influencing Factors of Household Asset Allocation in China

Abstract

Abstract Households participate in financial activities through asset allocation, which will not only maintain and increase the value of household assets, but also have a significant impact on China’s economic and financial development. China has a vast territory and obvious regional characteristics, and there are significant differences in economic structure and urbanization level among the eastern, central and western regions. Under this background, the development of family finance among regions is also unbalanced. After summarizing the macro characteristics of household asset allocation in China, this paper makes a micro empirical study of urban households in China with the help of China Household Financial survey database, and explores the regional differences between the eastern region and the central and western regions from different perspectives, by using the Tobit model. The empirical analysis results show that the proportion of stable holding in the eastern region is significantly lower than that in the central and western regions, and households in the eastern region have a greater preference for risky financial assets.