【摘要】 资产组合理论强调投资者应将资产分散于不同形式以降低整体风险,资本账户开放可以使居民在国际范围内调整自己的投资组合。中国目前面临着资本账户开放,在资本账户开放后我国居民的资产组合也会发生较大的变化。因此,讨论中国在资本账户开放后的居民资产组合问题具有重要的现实意义。本文就一国居民在开放资本账户后可能发生的资产组合调整进行分析,并探讨资本账户开放对中国居民的投资组合收益与风险的影响。更多还原

【Abstract】 The theory of Portfolio emphasizes the diversification of Assets to reduce the overall risk of investment. After capital account liberalization (CAL), people can allocate their investment over the world. Since China is now moving towards CAL, it is of great importance to discuss the portfolio of Chinese residents after China liberalizes its capital account. In this paper, the analyzes the adjustment of assets holding after CAL and discusses the effect of China’s CAL on assets returns and risks.更多还原