The influence of religious beliefs on investment is interesting and important in literature. We use a large dataset with detailed information on the worship places of the five largest religious groups in China to study the relationship between local religious beliefs and individual financial decisions. We find that Buddhists, Taoists, Islamists, and Catholics are less likely to buy financial products on the financial market; Protestants tend to take risks compared to other believers. Chinese Protestants, unlike American Christians, seek more risk, while Catholics are risk-averse.
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