Author(s)

Yuhan Sun

Corresponding Author

Yuhan Sun

ABSTRACT

Imbalance of economic development in Beijing-Tianjin-Hebei Region and the widening of household income gap of residents have seriously restricted the process of the coordinated development between Beijing-Tianjin-Hebei Region. However, the government made more use of macroscopic means and ignored the microcosmic effect of family. The work utilizes stata software to conduct a data analysis to demonstrate the relationship between the two by using relevant data of Household Income and Asset Allocation in 2013 which was published by China Household Finance Survey and Research Center (CHFS) of South western University of Finance and Economics. The research conclusions are that the total amount of household income and total amount of financial asset have a positive correlation relation and the increase in household income is affected by structure of financial asset allocation. In order to solve the above problems, this paper offers the suggestions, including increasing the amount and the type of financial investments in Hebei region and improving the availability of financial assets of Hebei residents; And for Beijing and Tianjin region with higher income, mainly adjusting the structure of investment-oriented financial asset allocation and trying the financial asset allocation modes except for house property, stock and deposit account. This has very important practical significance to improve the wealth level of residents in the Beijing-Tianjin-Hebei region and to optimize the financial asset allocation.

KEYWORDS

Beijing-Tianjin-Hebei Region, Income Gap, Financial Asset Allocation