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近年来我国经济虽然离开两位数的高增长进入“7”时代,但是相比国外,依然是高速增长。全国人均年收入达到3.4万元,涨幅接近10%。并且农村与城镇居民的恩格尔系数已经达到36-38,低于40的分界线,标志着人们的生活已经达到富裕。这个时候,人们越来越注重个人消费和理财。同时,国内资本市场快速发展,国家鼓励对资本市场进行分层。股票市场在国内有着20多年的历史,已经成为大多数家庭配置资产的一种方式。债券市场在国内的发展还不开放不成熟,除了国债之外,其他诸如公司债券普通民众接触较少。基金市场,由于相对来说的风险低,收益略高,再加上宣传炒作,人们对基金的投入相比股票较多。当然最重要的还有银行存款。个人理财是贯穿人一生的项目,在不同的阶段需要不同的理解和配置。国外研究个人理财会采用与资产组合理论相结合的方式,量化数据,进行分析。国内这方面的研究较少,大多处于定性分析。
In recent years, although China’s economy has enjoyed a double digit high growth rate and entered a “7” era, its economy is still growing at a rapid rate compared with that of other countries. The per capita annual income reached 34,000 yuan, an increase of nearly 10%. And the Engel’s coefficient of rural and urban residents has reached 36-38, the dividing line below 40 indicates that people’s life has reached prosperity. At this time, people pay more and more attention to personal consumption and financial management. In the meantime, the rapid development of the domestic capital market, the state encourages stratification of the capital market. The stock market, which has a history of more than 20 years in the country, has become a way for most families to allocate their assets. The development of the bond market in China is still immature. Apart from the government bonds, other ordinary people such as corporate bonds have less contacts. Fund market, due to the relatively low risk, slightly higher returns, coupled with hype, people invest more funds compared to the stock. Of course, the most important are bank deposits. Personal finance is a life-long project that requires different understanding and configuration at different stages. Foreign research Personal finance will be combined with the theory of portfolio theory to quantify the data for analysis. Domestic research in this area is less, mostly in qualitative analysis.