Исследование трансформации рынка частных инвестиций в России на современном этапе

Abstract

The need to ensure the stable development of the Russian economy and financial market in the current geopolitical conditions presupposes the use of domestic financial resources as the main source of investment. Of particular scientific and practical importance is the identification and research of key trends and growth drivers in the development of the Russian private investment market, the main participants of which are resident individuals. The analysis of the features and changes in the functioning of the domestic stock market at the present stage allowed us to substantiate the conclusion about the strengthening of the role of the retail investor, including due to the universal digitalization of society and increasing the availability of basic exchange instruments for the mass consumer, whose investment behavior is now becoming decisive in the transformation of the Russian stock system as the largest element of the financial market in the country. A study of the quantitative and qualitative characteristics of the activities of resident individuals on the stock exchange in the segment of trust management and brokerage services, which allowed to assess the volume of their investment, investment activity, share of participation in auctions, including in certain market segments, industry rotation of investments, investment horizon, as well as to identify the significant changes in the retail investor's investment preferences, which affected the structure and quality of his portfolio. The factors and areas of activity that contribute to the solution of the task identified at the state level as a priority to stimulate the process of transforming the savings of the population into long-term investments are identified.