BEIJING, Feb. 8 -- Financial literacy has become a catchphrase in China after decades of reform and opening up, with the country's economy becoming increasingly complex.
"As China is building itself into a financial power, the financial literacy level of consumers is critical to the healthy development of the capital market," said Zhou Baoluo, chairman of Junior Achievement (JA) China, a non-profit organization with 25 years of experience in financial literacy education in China.
"Although financial literacy has made much progress during the past decades, there is still large distance when compared with developed countries," Zhou said.
When the first stocks were issued in China, in November 1984, the issuer had to solicit buyers with advertisements. Investors have since made huge progress in financial literacy along with China's economic take-off.
An HSBC Bank report defines financial literacy as the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.
Today it is more important than ever for Chinese people to become financially knowledgeable so they can avoid depreciation of assets.
According to an annual research report made by the People's Bank of China (PBOC), the central bank, Chinese consumers' average score on the financial literacy index was 63.71, a medium-high level, but there were stark regional differences.
The report was based on a questionnaire, the first of its kind made by the PBOC. The survey collected 18,600 samples nationwide, or about 600 financial consumers for each provincial-level region in the country.
About 81 percent of interviewees said that financial knowledge education was "very valuable" as levels of financial literacy needed to be improved in China.
Junior Achievement China and Hang Seng Bank (China) Limited have jointly started a program in the southern province of Guangdong since 2016 to help teenagers improve financial literacy by financial planning classes, workshops and apprentice activities.
The program covers 2,000 students in seven high schools, mainly from Guangzhou and Shenzhen.
As part of the program, the first JA Guangdong Financial Literacy Challenge was held in December 2016, and the second Challenge was hosted on Dec. 16, 2017, with students competing with each other on financial planning and household asset allocation.
The students in Guangdong were not pioneers in such competitions. In July 2017, a group of youngsters from Shanghai ranked the highest in a global financial literacy assessment test held by the Organization for Economic Cooperation and Development (OECD).
Headquartered in Paris, the OECD tested students on their financial knowledge for the first time as part of their Program for International Student Assessment, conducted once every three years.
Students from Shanghai scored on average 603 on the financial literacy test, beating the global average of 500, while American teens scored 492 and ranked ninth, according to a China Daily report.
A total of 29,000 teenagers from 18 countries joined the test. The financial assessment portion was a 60-minute test that was held in 2017 with results released in 2017.
It tested their ability to solve financial problems and make financial decisions.
"Despite progress, financial literacy education remains as a challenge to China and the world, given financial knowledge learning is a dynamic and lifelong process," Zhou said.
"Developing financial literacy skills and knowledge is critical now that individuals are becoming increasingly responsible at an ever earlier age regarding financial risks affecting their future," said Angel Gurria, OECD secretary general, at the launch of the report in Washington.
"Some governments have started developing strategies and policies so that people have the skills they need throughout their lives. More need to move this up the policy agenda so that citizens are prepared for an ever-more complicated financial world," Angel said.
Annamaria Lusardi, chair of the financial literacy expert group that designed the financial literacy portion of the assessment, said that it was "critically important" to measure students' financial skills.
"Imagine a person who is unable to read or write today, you would not be able to operate in society. The same I think is happening with financial literacy," Lusardi said.
雅思听力动物题四合一新思路
雅思听力电话号码考点解析
雅思听力提高方法:加强朗读增强语感
如何在雅思听力中拉长你的记忆力
雅思听力备考的七大细节
雅思听力评分标准的总结和建议
剑桥雅思听力易错榜单:剑四Section 1
透析雅思听力选择题的解题思路
突破雅思听力的七个方法
雅思听力经验方法总结
雅思听力课后听力训练的建议
雅思听力高分的“四大关注”
雅思听力八大题型解题指南
雅思听力精听练习的步骤
雅思听力场景必背词汇:生存篇
雅思听力中的数字考点及难点
雅思听力技巧全方位指导
如何进行雅思听力场景思路拓展?
雅思听力Section 2常见场景讲解
如何破解雅思听力七大陷阱
雅思听力地图题难题解析
三个月提高雅思听力的方法
雅思听力考试当天的几点提醒
高中生备考雅思听力的关键:扬长避短
雅思听力句子完成题技巧分享
雅思听力考试的心理状态和注意事项
雅思听力数字考点全攻略
详解雅思听力关系词的妙用
雅思听力Section 3中作业场景解析
雅思听力音标学习及常见错误读音纠正
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |