Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Economy

HOME > Economy


China's post-90s generation outstands for their stronger financial awareness

July 25, 2018


Abstract : China's post-90s generation (those who were born in the 1990s) has shown stronger awareness of financing planning, according to the 2018 China Rising Affluent Well-being Index.

财富指数

Photo: Launch of 2018 China Rising Affluent Well-being Index 

SHANGHAI, July 25 (Xinhua) -- China's post-90s generation (those who were born in the 1990s) has shown stronger awareness of financing planning, according to the 2018 China Rising Affluent Well-being Index recently co-released by Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University and Charles Schwab & Co., Inc.

Based on a questionnaire survey of 2,600 interviewees who just earned their wealth with annual income between 125, 000 yuan to 1 million yuan, interviewees aged 18 to 24, compared to other age segments studied, have the stronger awareness of financing planning, registering a 9.28-percent year-on-year increase in their planning proficiency score.

In aspects of regularly reviewing financial plans, having a specific timeline for financial goals, and the possibility of achieving financial goals at a given time, they get higher scores than their performance in 2017.

"Unlike all other age segments, the post-90s generation in China are much more financially aware and concern more on their financial future," said Lisa Hunt, executive vice president of Business Initiatives at Charles Schwab.

The 2018 China Rising Affluent Financial Well-Being Index was 68.20, 2.17 points higher than last year, said the index report.

By examining interviewees across 9 major Chinese cities, including Beijing, Shanghai, Guangzhou, Chengdu, Hangzhou, Dalian, Xiamen, Chongqing, and Wuhan, the index comprehensively assessed their financial confidence, planning, management, and engagement. (Contributed by Cao Yimei and Chen Aiping, edited by Hu Pingchao)


Related Coverage

Focus

Think Tank

  • The Chinese Race to Artificial Intelligence

    August 10, 2018

    China is no longer just a manufacturing power, but a technologically advance...

  • Made in China 2025 and the Belt and Road Initiative

    August 10, 2018

    The industrial policy of “Made in China 2025” clearly focuses on innovatio...

  • Trump cannot push back China with $113m

    August 8, 2018

    Although the “Belt and Road Initiative” has caused some worries and rebou...

  • Beijing’s maritime gifts

    August 7, 2018

    Beijing seems to be strengthening its capacity building at sea.

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial