Chinese Urban Households’ Security Market Participation: Does Investment Knowledge and Having a Long-Term Plan Help?

Rui Yao, Yilan Xu

Research output: Contribution to journalArticlepeer-review

Abstract

Investment in the securities markets is vital to households’ wealth accumulation and financial security. Using data from the 2008 Survey of Chinese Consumer Finance and Investor Education, we found that self-assessed investment knowledge and having a long-term financial plan were positively associated with Chinese households’ participation in the securities markets. The findings provide insight into the long-term financial security of Chinese households. Given the growing middle class and the rapid development of the financial markets in China, the Chinese financial planning industry is likely to grow substantially in the coming years.

Original languageEnglish (US)
Pages (from-to)328-339
Number of pages12
JournalJournal of Family and Economic Issues
Volume36
Issue number3
DOIs
StatePublished - Sep 22 2015

Keywords

  • China
  • Financial capability
  • Financial planning
  • Investment decisions

ASJC Scopus subject areas

  • Social Psychology
  • Economics and Econometrics

Fingerprint

Dive into the research topics of 'Chinese Urban Households’ Security Market Participation: Does Investment Knowledge and Having a Long-Term Plan Help?'. Together they form a unique fingerprint.

Cite this