【摘要】 本文构建传统普惠金融指标体系，从金融服务的可获得性、使用率、渗透性和可持续性四大维度展开，选取了12个指标加以综合评价，结合熵值法和变异系数法计算出全国各省份的传统普惠金融发展指数；基于中国家庭金融调查(CHFS)、北京大学数字金融研究中心以及本文构建的传统普惠金融指数的数据，通过构建固定效应面板分析模型，实证检验了传统普惠金融和数字普惠金融对家庭金融资产配置有效性的影响并进行对比分析。本文研究得出结论：数字普惠金融比传统普惠金融对家庭的金融资产配置有效性影响更大；但从区域层面来看，传统普惠金融对三线以上城市家庭的金融资产配置有效性所产生的促进作用比数字普惠金融更大；而数字普惠金融对于三线及以下城市家庭金融资产配置有效性所产生的促进作用比传统普惠金融更显著。研究结论有助于提高中国普惠金融相关政策的精准性，从而更有效地提升中国居民家庭资产的保值和增值，助力全面深化改革和共同富裕。更多还原

【Abstract】 This paper constructs a system of traditional inclusive finance indicators, and selects 12 indicators for comprehensive evaluation in four dimensions: accessibility, utilization, penetration and sustainability of financial services, and uses a combination of entropy and coefficient of variation methods to calculate the traditional inclusive finance development index of each province in China; based on data from the China Household Finance Survey(CHFS), the Digital Finance Research Center of Peking University and the traditional inclusive finance index constructed in this paper, we empirically test the impact of traditional inclusive finance and digital inclusive finance on the effectiveness of household asset allocation and conduct a comparative analysis by constructing a fixed-effects panel analysis model. This study concludes that digital inclusive finance has a greater impact on the effectiveness of household financial asset allocation than traditional inclusive finance; however, at the regional level, traditional inclusive finance has a greater impact on promoting the effectiveness of financial asset allocation of households in cities above the third tier than digital inclusive finance; while the effect of digital inclusive finance on households in cities in the third tier and below is more significant than that of traditional inclusive finance. The findings of the study help improve the precision and effectiveness of China’s inclusive finance-related policies, thus more effectively enhancing the preservation and appreciation of Chinese households’ assets and helping to deepen the overall reform and common prosperity.更多还原