【摘要】 本文对我国银行储蓄高企的原因进行探讨,认为单纯从消费角度解释与消化居民银行储蓄是不适当的,化解高储蓄的另一有效方式在于发展准储蓄替代产品、拓展金融投资渠道。金融资产的不确定性增强了储蓄的价值,银行储蓄高企与居民直接投资所受的约束密切相关。我国现阶段低风险资产的缺乏,以及风险资产的广度和深度难以配比居民的投资选择,产生强制性银行储蓄,是现在储蓄高企的重要原因。因此,有必要反思传统的投融资方式,大力培育储蓄替代型金融资产,加快金融体制改革。更多还原

【Abstract】 The paper tries to seek the reason of backup between residents savings and investments. As a result of the shock of system innovation, the high savings rate of China is proved very hard to be decreased by the stimulation of consumption encouragement. Considering the savings structure, it is necessary to develop financial products to shunt savings. The precautionary character of savings means that residents incline to risk-free assets, the shortage of risk-free assets and the shortcomings of risk assets cause that the residents have to face big risks while lacking of enough premium, all of these bring about the compelling savings. Therefore, it is very urgent to develop financial assets and quicken the finance system reformation.更多还原