Author(s)

Aoqi Xu^1,*, Wei Guo², Min Li³

Affiliation(s)

¹ School of Economics, Fujian Normal University,Fuzhou350007,China;

² School of Credit Management, Guangdong University of Finance, Guangzhou510521, China;

³ Digital Economy Academy, Yango University, Fuzhou 350015, China.

Corresponding Author

Aoqi Xu, email: hgzdy5843@163.com

ABSTRACT

With the rapid development trend of China's economic development, the income of Chinese households is also increasing. Therefore, we will not be satisfied with simple investment and financial management methods such as current deposits of financial institutions, but gradually try some new investment products and methods to avoid the risk of project investment and financial management. The scientific research on large family investment and financial management strategy is a subject that still needs to be developed in China's financial industry. It has key practical significance to improve the management system of China's financial system. This paper is devoted to discussing how to systematically design China's household investment and financial accounting strategy from the perspective of life cycle theory. Taking Hebei Urban home as an example, this paper analyzes the current situation and preventive measures of family investment and financial management in China by using classic cases and data collection. The results are as follows: property is excessively concentrated in deposits; The concept of commercial insurance has not been popularized; The stability of property composition is low. The proposal is: from the perspective of government departments, improve the per capita income in China; Improve the management of China's social security system; Improve relevant laws and regulations and improve the supervision system. From the perspective of financial institutions, improve the service level, systematization and humanization; Strengthen independent innovation and create competitive advantage. From the perspective of home, formulate financial plans according to the family life cycle; Clarify the psychological state and improve the personal psychological quality of financial management and investment.

KEYWORDS

Investment and financing; Resident family; Life cycle theory.

CITE THIS PAPER

Xu Aoqi, Guo Wei, Li Min. Research on family investment and financial management strategy based on life cycle theory. Journal of Computer Science and Electrical Engineering. 2023, 5(1): 1-15.

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