Li, Z., & Xu, X. Z. (2022). House Purchasing Intention and Household Participation in the Financial Market: Evidence from Chinese Households. Journal of the Asia Pacific Economy, 1-18.
https://doi.org/10.1080/13547860.2022.2041313

has been cited by the following article:

• TITLE: A Study on the Influence Mechanism of Chinese Residents’ Willingness to Allocate Assets in the Context of Confucian Culture—An Empirical Analysis Based on Structural Equation Modeling

  AUTHORS: Zhibin Tao, Jiaxiao Chao

  KEYWORDS: Confucian Culture, Household Asset Allocation Intention, Family Hierarchy Order, Marriage Intention, Fertility Intention, House Purchase Intention

  JOURNAL NAME: Open Journal of Business and Management, Vol.11 No.5, September 21, 2023

  ABSTRACT: Exploring the factors that influence the asset allocation of households can not only optimize the structure of household financial assets, but also unleash the consumption potential of financial products for residents and increase the participation rate of households in the financial market. From the perspective of culture, this paper introduces four variables: family hierarchy order, marriage intention, fertility intention and house purchase intention, and constructs a structural equation model to explore the mechanism of Confucian culture’s influence on Chinese residents’ willingness to allocate household assets. The study finds that these factors have a significant impact on the asset allocation preferences of Chinese households, with the presence of mediating effects. In addition, based on the research findings, we proposed some policy recommendations to help scholars, policymakers and financial institutions actively optimize the structure of household financial asset allocation in China.