数字金融发展、金融资产配置与居民财产性收入

Development of Digital Finance, Allocation of Financial Assets, and Property Income of Residents

摘要: 近年来，随着经济的不断发展，居民的收入不断增加，居民对于财富管理的需求逐渐增强。数字普惠金融将金融与数字科技相结合，其凭借大数据、云计算以及其特有的包容性与普惠性的特点，为更多的人提供了进行财富管理的可能。财富管理的有效性通过居民家庭的财产性收入体现。因此本文使用CHFS数据，得到22,452个家庭作为本文实证分析的样本，分析数字普惠金融对居民家庭财产性收入的影响。结果显示：数字普惠金融的发展有利于居民家庭财产性收入的提高，并且风险性金融资产配置水平在二者之间起到了部分中介的作用。数字普惠金融对于居民家庭财产性收入的促进作用在西部地区、低学历家庭和老年群体等相对“弱势”群体中更加明显。

Abstract: In recent years, with the continuous development of the economy, residents’ income has been increasing, and their demand for wealth management has gradually increased. Digital inclusive finance combines finance with digital technology, and with the unique characteristics of big data, cloud computing, and inclusivity, it provides more people with the possibility of wealth management. The effectiveness of wealth management is reflected through the property income of households. Therefore, this article uses CHFS data to obtain 22,452 households as samples for empirical analysis to analyze the impact of digital inclusive finance on household property income. The results show that the development of digital inclusive finance is conducive to the improvement of household property income, and the allocation level of risky financial assets plays a partial intermediary role between the two. The promotion effect of digital inclusive finance on the property income of residents’ households is more evident in relatively vulnerable groups such as the western region, low education families, and the elderly.