居民储蓄与投资是宏观经济中的两个重要变量,储蓄的变化及投资效果如何,直接影响着经济运行状况。近年来,我国居民储蓄连续高速增长,到1996年底,全国居民储蓄总额预计将达到37000亿元,有价证券将达11000亿元,二者相加,我国居民拥有的金融资产将高达48000亿元,其中不用返还的股票投资只有600多亿元,只占全部金融资产的1.1％。巨额居民流动金融资产已成为我国银行信贷资金和投资的重要来源,这无疑对国家的经济建设形成强有力的支持,但是,生产和投资领域如此高的债务,对我们这个以公有制为主体的 Household savings and investment are two important variables in the macroeconomy. The changes in saving and the effect of investment have a direct impact on the economic performance. In recent years, the savings of our country’s residents have been continuously and rapidly increasing. By the end of 1996, the total national savings will reach 3.7 trillion yuan and the value of securities will reach 1.1 trillion yuan. The sum of the two will add up to 4.80 trillion yuan of financial assets owned by residents in China , Of which there is only 600 billion yuan worth of stock returned without any return, accounting for only 1.1% of all financial assets. The huge floating of resident financial assets has become an important source of bank credit funds and investment in our country. This undoubtedly poses a strong support for the country’s economic construction. However, such a high level of debt in the field of production and investment is the mainstay of our public ownership system