Abstract
Diversification is one of the basic features of classical portfolio selection theory. Reasonable asset allocation is an important embodiment of rational family investment and the basis for family wealth accumulation. The emergence of inclusive digital finance has energized the financial market and lowered the barriers to financial access. Based on data from the China Household Finance Survey (CHFS) and Peking University Digital Finance Research Center, this paper analyzes regional heterogeneity in the impact of digital financial inclusion on household financial asset allocation diversity. The results show that inclusive digital finance has significant heterogeneity among regions, and it is strongest in the eastern coastal region and weakest in the central region. In addition, the development of digital financial inclusion has a different impact on the diversity of financial asset allocation for urban and rural households. Digital inclusive finance has a greater effect on urban households.
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Jiang, Sb., Zhao, XH. (2022). Research on Regional Heterogeneity in the Impact of Digital Inclusive Finance on the Diversification of Household Financial Asset Allocation. In: Hassanien, A.E., Xu, Y., Zhao, Z., Mohammed, S., Fan, Z. (eds) Business Intelligence and Information Technology. BIIT 2021. Lecture Notes on Data Engineering and Communications Technologies, vol 107. Springer, Cham. https://doi.org/10.1007/978-3-030-92632-8_9
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DOI: https://doi.org/10.1007/978-3-030-92632-8_9
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