the household finance issues in china

This book systematically studies and discusses pertinent issues related to household finance in China. This book not only elucidates the concept and connotation of household finance, but also extensively examines the significance and necessity of enhancing household finance and upholding household financial well-being. Drawing upon theories from economics, psychology, sociology, and behavioral finance, it conducts a quantitative analysis of family finance and its influencing factors by constructing models such as Probit model, Tobit model, and APC model to empirically test the underlying mediation mechanism. In addition, from the perspective of inclusive finance development and safeguarding the rights and interests of financial consumers, this book expounds on its profound impact on household finance.

This book is a valuable reference for researchers in related fields, and it also provides some insights into residents’ and families’ awareness of financial health. Furthermore, it aids in formulating and improving consumption policies, adjusting economic structures, and preventing household financial risks. This research provides valuable guidance for enhancing family welfare and increasing property income for Chinese residents.

Zhao Sibo, Ph.D. in Sociology, is currently the associate professor and M.A. student’s advisor in School of Sociology and Psychology, Central University of Finance and Economics. She holds doctorate degree in sociology from State University of New York at Buffalo. Her main research directions are family sociology and financial sociology. Her research interests include intra-family resource allocation and power distribution, financial literacy, and household financial behavior. Her first English monograph is Child Care Time in China, 2004-2011. She has published 30 academic papers in SSCI and CSSCI journals such as Social Indicator Research and Sociological Review. She is the principal investigator for more than 10 research projects, including the National Social Science Foundation entitled ＂Research on the Financial Health of Chinese Residents from the Perspective of Life Course＂ and other studies funded by Beijing Social Science Foundation, Beijing Natural Science Funds, Beijing Municipal Education Commission, Education and Teaching Reform, etc.

Zhao Dawei, a senior research fellow, Ph.D. in Economics, is currently the deputy secretary general of the FinTech Research Center of the Financial Research Institute of the People’s Bank of China. He holds bachelor’s, master’s, and doctorate degrees in economics all from Central University of Finance and Economics. In 2009, funded by China Scholarship Council, as a visiting scholar, he went to the State University of New York. After Dr. Zhao has joined into the People’s Bank of China Financial Research Institute in 2011, he has won the First Award of the ＂Youth Research Project 2019＂ of the People’s Bank of China, the First Award of the ＂2017-2018 the PBC FinTech Research Project＂ by FinTech Committee of the People’s Bank of China, and the First Award of the ＂2018 FinTech Youth Thesis＂ by FinTech Research Center of National Institution for Finance & Development. With a long-term focus on FinTech and RegTech, Dr. Zhao has published more than 50 academic papers. As the author and the co-author, Dr. Zhao has compiled ＂Technology Rebuild Finance: FinTech Utilization and Perspective＂, ＂Chained Future: Blockchain Theory and Application＂, ＂Development Trends and Supervision of FinTech＂, ＂China FinTech Annual Report (2018, 2019, 2020)＂, ＂Annual Report on China’s RegTech Development (2019, 2020)＂, and other works.