Chinese family wealth report!8 into the house!Only 1% of the stock market
Author: jun-jie qi of finance and economics
Recently, guangdong development bank jointly southwestern university of finance and
issued a “2018 China’s urban household wealth health report”, which reveals the status of the Chinese family assets.
First of all, the Chinese family 1.62 million worth of total assets is probably close to $1.62 million, 1.62 million worth investab
le assets, is your stocks, funds, bonds and cash added up to 557000 yuan.The number is growing every year, total ass
ets of only 970000, 2011, only 289000 investment in financial assets.This is mainly caused by two reasons
, one is the income is growing, the second one, house prices are really going up.Prices rose fastest year, total household assets also rose faster.
Second, 2 into the rich, the gap between their
from ordinary people are high, their total assets is 3 times of ordinary
people, to 4.545 million yuan.This part of the wealthy, tota
l assets and net assets are close to the average level in th
e United States, that is to say the richest 20% of u
rban residents, mostly close to the wealth of developed countries.Just in investable assets, just like the U
nited States also doubled, while income sent 2 times, the aver
age annual income is 689000, and we are one of the richest 20% of households, earning only 2250
00.Have to share one’s income, has almost total assets, such a strange phenomenon, due to our house.
Third, the family property, nearly 8 to 77.7%,
while only 11.8% of financial assets.In the United States, by contrast, in the family property ratio of only 34.6%
, while the proportion of financial assets of more than 42%, and has a close to 20% of the configuration on the indus
try and commerce, the rest of the developed countries, Japan’s financial assets is as high as 61%, Singapore is 56%, the U
K is 52%, Canada also has 48.6%, so obviously we only 12% less than a strikingly low proportion of financial ass
ets.There 42.9% of bank deposits, stocks accounted for only 8.1%, the fund is only 3.2%.Deposits, in other words, in just
4% of the total assets of the proportion, shows that you have no money, and share in the total assets of less
than 1%, this basically is the vast majority of families do not fry, so lower the rate.
Fourth, 30 to 40 families, this group of people most money, total assets of m
ore than 3 million, young and old family property configuration.This is underst
andable, young and old are poor, so the house of their total assets ratio is especially high.
Fifth, record of formal schooling is negatively related with real estate configura
tion, the lower the degree the more like to buy a house, it also represents the meaning of two aspects, 1 degree
is higher, the more diversity.2 degree, the higher the income, the more to be used for other investment.