The Analysis of Chinese Households' Balance Sheets
研究了中国家庭资产负债表的配置效率和风险，发现家庭部门资金充裕、消费能力充足，结构稳定安全，但金融资产积累率过高、投资渠道有限且收益率低，并提出了改善资产结构和配置效率的政策建议。
This paper explores the allocation efficiency and risks of Chinese households' balance sheets. It is found that household sector still has adequate funds and capacity of consumption, and the structure of Chinese households' balance sheets are stable and safe enough to avoid the attacks froni international financial crisis. Meanwhile, on the side of efficiency, the accumulation rate of financial assets is too high, the investment chan- nels are limited and the yield is low. In the next, for the purpose of growth in households' consumption and the national development, the authors suggest the better policy to improve the assets structure and the allocation ef- ficiency of households' balance sheets based on the risk controllability.