Category: Money tips Release Date: 2006-02-19
Americans own more than one trillion U.S. dollars in household financial assets, about 50% of U.S. households to benefit from the Fund's investments. At the same time, Chinese people also have more than ten trillion yuan in household financial assets, of which more than 90% deposited in commercial banks, only 10% in equities, insurance, funds and various investment plans. Of which the proportion of investment funds and even less than 2%, benefiting from the Fund's investments in China's family may be less than 2%.
Why is such a huge difference in Sino-US domestic financial investment and the poor? Some people say that is because the Chinese history, culture, personality, were too conservative, afraid to invest in, unlike the Americans dare to deficit spending as investments or borrowing. However, by contrast we found that the Chinese direct investment in equities than indirectly through the Fund, a much larger proportion of investment in shares, the Chinese people are buying lottery gambling fortunes of a number of people than even we still need more investment funds. That being the case, how can we say that the Chinese are too conservative, afraid of risk?
It was explained that because of China's social security system and the commercial insurance system is not perfect, so people are forced to and then pick your bank deposits. However, China's various types of insurance company profit-sharing type, return type or investment-linked insurance is actually very tempting, and many of the provisions are the United States can not match the appropriate insurance products, but this is not only taking into account investment in insurance and are both species, and people are not favored.
Another argument is that China's investment market, particularly the stock market is too irregular, Change disorder, leading to lose you earn less, so people afraid to invest. In fact, the market alone, the ebb and flow magnitude and frequency, the Sino-US markets and virtually no significant differences. On non-systematic risk, the United States also has the Enron, WorldCom case. The systemic risk, the United States there are terrorist attacks.
Note that it is precisely because of the non-effectiveness of China's securities market is precisely to provide expert investment through the possibility of access to excess investment income. Buffett's company set up by the Americans annual compound growth of 22% or more of the investment performance, creating the world's richest man, a miracle, the U.S. mutual fund managers to create an average of 10% of the annual average rate of return. China's fund managers, since 2001 began to open-end fund, the vast majority of the Fund has made more than 10% annual compounded rate of return on investment, 1 / 3 more than also obtained more than 20% annual compound rate of return comparable to Buffett ah!
To sum up, the Sino-US financial investment in the family in the great differences, the most important reason is that U.S. household financial investment, a different approach, one that can change on a different, apparently to decide the future of the Chinese growth rate of wealth an important factor. (Send
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