The first change is that China families prefer to buy funds rather than stocks. According to relevant data, by the middle of 20 19, the total family wealth of China has increased from 3.7 trillion dollars in 2000 to 63.8 trillion dollars, accounting for 18% of the world, ranking second in the world, only next to the United States. That is to say, the per capita wealth of China in 2000 was about $2,800, which increased to about $45,000 in 20 19. From the second half of 2020, the financial behavior of China families will also change. They tend to shift from saving to financial management, from real estate to finance, and from domestic market to overseas market.
According to some reports, China households' willingness to deposit has also changed. In the first quarter, the family's willingness to deposit in China was11.1,but in the third quarter, the family's deposit index in China dropped to 102.7. China is a big savings country. From this data, we can see that more and more families in China prefer financial management to saving. Since the beginning of this year, A-shares have experienced a sharp rise, and China families are more and more fond of the stock market. In addition, China families are increasingly willing to contribute. In the second quarter of this year, China's family's willingness to allocate shares was only 90, while the fund's was 96. From this perspective, China families prefer funds to stocks. In fact, relevant data show that the growth rate of China stock market is declining, but the capital scale is increasing.
Judging from the situation in April, the growth rate of the stock market scale was 5.2%, and the growth rate of the fund scale reached 6.9%. In 2020, young people under the age of 30 will account for more than half of the new citizens, and the trend of youthfulness is obvious. They also prefer to invest in funds.
The second change is that public financial management will also tend to be rational in the second half of the year. Wang Jun, general manager of the digital financial wealth business group of Ant Group, said in an interview, "I am more willing to choose funds than stocks, indicating that many individual investors are becoming more and more rational." In fact, no matter from the perspective of economic structure or epidemic situation, funds are more favored by investors than stocks. Judging from the current situation, although ordinary users don't know how to judge the market trend, fund managers know how to give full play to their professional ability and help everyone participate. Some economic experts also said, "The epidemic has accelerated the demand for online investment and financial management in China, and made the financial management concept of China families more rational. Compared with the stock market, there are more and more people investing in funds, which is also encouraged by the state, allowing individual investors to participate in the stock market through funds. "