资金剩余条件下个人储蓄—投资转化机制的建立

The deposit-investment transforming mechanism under the conditions of surplus funds

通过货币需求理论对相对剩余资金的分析 ,以及对储蓄存款持有成本、预防货币需求增加和风险投资意识增强的探讨 ,发现居民存在预防货币需求缺口和投机货币需求缺口 ,这对建立个人储蓄—投资机制有其必然性。但我国目前个人投资现状不容乐观 :投资渠道不畅通 ,投资品种太少 ,缺乏对冲机制及套期保值产品 ,金融服务业价格高居不下 ,相关法律不健全等等 ,对此 ,提出建立个人储蓄—投资转化机制 ,大力发展个人信托业 ,多渠道拓展个人金融资产 ,使储蓄能更快、更顺利和更有序地转移到生产率最高的投资领域 ,从而促进经济增长。

By analyzing the relative surplus capital according to the monetary theory, this article finds a gap in prevention demand and a gap in speculation demand and the necessity of establishing the deposit investment transforming mechanism. It holds that the current conditions of personal investments are not favorable: investment channels are impeded; the investment choices are monotonous; hedge mechanism is in need; the price of financial service is high. It proposes establishing a mechanism transforming deposits into investments, developing the personal trust industry, and opening up the channels for personal financial assets. Thus, the deposits can be changed into the investment field whose production efficiency is the best.