.png){kind=icon}
.png){kind=icon}
Return
FinTech and consumption resilience to uncertainty shocks: Evidence from digital wealth management in China
.png){kind=icon}
PRE
AI
DOI：10.1016/j.chieco.2025.102580.png)
.png){kind=icon}
Original request for help.png){kind=icon}
Share.png){kind=icon}
Save
Abstract
En 中文
• Digital wealth management behaves as a mitigation in improving consumption resilience when facing uncertainty shocks. • The mitigating effect of digital wealth management is potentially driven by wealth effect through portfolio choice channel and the changes in asset prices channel. • This effect is more pronounced among consumers with lower levels of wealth, residing in less developed regions, and those with lower levels accessibility to traditional financial services, suggesting digital wealth management improves financial inclusion. • Digital wealth management substitutes for traditional bank credit while complementing FinTech credit on the same Big Tech platform.
Journal
IF:
5.5
Papers:
344
Citations:
9.2K
Organization
View more organizations