牛津大学 Michael McMahon 教授与 EBC Financial Group 的 David Barrett 三度合作，将于 11 月 11 日通过公开网络研讨会探讨如何弥合全球金融素养差距英国牛津, Oct. 30, 2025 (GLOBE NEWSWIRE) -- EBC Financial Group (EBC) 与牛津大学经济系联合发布备受好评的“经济学家都干了什么”(WERD) 网络研讨会系列最新一期。 本次题为“像经济学家一样思考：复杂时代下的金融素养与经济认知”(Think Like an Economist: Financial Literacy and Economic Understanding in an Age of Complexity) 的网络研讨会将于 2025 年 11 月 11 日（星期二）格林威治时间 12:00 举行。 作为继往期避税与气候经济学专题之后的三度合作，本期研讨会将汇聚牛津大学 Michael McMahon 教授、EBC Financial Group (UK) Ltd 首席执行官 David Barrett，并由 Banu Demir Pake ...

Group 1 - Successful entrepreneurs have clear goals and visions, which serve as a guiding light for their journey [3][4] - Time management is equated to wealth management, emphasizing the importance of prioritizing tasks effectively [6][7] - Flexibility is crucial in business, as rigid companies often fail to adapt to changes in the market [7][8] Group 2 - Continuous learning is essential for entrepreneurs, who should engage in reading and seeking mentorship [10][12] - Entrepreneurs must take calculated risks rather than blind ones, ensuring they have contingency plans [12][13] - Resilience and persistence are key traits, as many successful entrepreneurs have faced numerous rejections before achieving success [15] Group 3 - Building a strong team is vital, as collaboration enhances the potential for long-term success [17] - Financial literacy is critical for business survival, with a focus on cash flow management and financial planning [17][18] - A customer-centric approach is necessary for sustainable business, highlighting the importance of user feedback [19] Group 4 - Maintaining personal balance is important for entrepreneurs, as burnout can hinder project success [21][22] - The essence of successful entrepreneurship lies in adopting a set of long-term habits and principles [24]

Group 1 - The core theme of the event was to enhance the financial literacy of teachers at Yanzhong No. 1 Middle School, focusing on building a financial risk "protection wall" [1] - The event included practical discussions on common financial scenarios such as investment planning, mortgage repayment, and credit card usage, ensuring the content was relevant to the teachers' needs [1] - A senior financial lecturer explained basic financial concepts using simple language and illustrated the principle of "high returns accompany high risks" through comparisons of different investment products [1] Group 2 - During the interactive session, teachers actively asked questions about topics like the benefits of early mortgage repayment and how to calculate credit card installment fees, with staff providing detailed answers [2] - The event attracted over 20 teachers, distributed more than 30 informational materials, and conducted a survey indicating that 95% of teachers gained a clearer understanding of financial rights protection [2] - The bank plans to continue addressing the needs of the teacher community by launching an online "Financial Knowledge Classroom" to regularly provide practical information and enhance financial rights protection [2]

Core Viewpoint - The company actively promotes financial literacy among youth to enhance their awareness of risks associated with illegal financial products such as campus loans, beauty loans, and order-filling loans [1][3] Group 1: Financial Education Activities - The company organized a financial knowledge dissemination event at Jining Vocational and Technical College on September 15, 2025, led by the institution's top management [1] - The event featured engaging methods such as thematic banners and promotional materials to create a strong financial education atmosphere [1] - Promotional materials focused on key topics like anti-money laundering, illegal fundraising prevention, online fraud prevention, and financial fraud awareness [1] Group 2: Case Studies and Interactive Engagement - Real-life cases were presented to illustrate the operational tactics and potential risks of campus loans and their variants, such as beauty loans and order-filling loans [3] - The event included an interactive Q&A session to encourage student participation, addressing common financial scenarios and responses to illegal loan offers [3] - Participants received practical gifts for their engagement, enhancing their sense of achievement and reinforcing their understanding of financial safety knowledge [3] Group 3: Impact and Future Initiatives - The event received unanimous recognition and praise from students and faculty, improving their understanding of illegal financial activities and enhancing their risk prevention awareness [3] - The company plans to continue fulfilling its corporate social responsibility by innovating and conducting more diverse financial knowledge dissemination activities [3]

Group 1 - The core theme of the financial education campaign is "Protecting Financial Rights and Supporting a Better Life," aimed at enhancing public financial literacy and risk awareness [1] - The campaign specifically targets groups such as housewives, the elderly, and minors, emphasizing the importance of the "Three Appropriateness" principle in financial product selection [2] - The initiative effectively raises the financial security awareness of community residents, with plans for ongoing, targeted financial education activities in the future [3] Group 2 - The campaign educates housewives on matching financial products with their risk tolerance, financial status, and investment goals, while also exposing the nature of illegal financial intermediaries [2] - For the elderly and minors, the campaign uses common cases of illegal fundraising and telecom fraud to explain the tactics of scammers, promoting caution against small profits and information leakage [3] - The company aims to contribute to a safe and healthy financial environment through continuous financial education efforts tailored to different demographic groups [3]

Core Insights - The "Wealth Health Index" for China's new affluent population shows a slight decline in 2025, indicating a decrease in wealth confidence, financial planning, and investment participation, while asset management awareness is improving [1][2] Group 1: Wealth Health Index - The Wealth Health Index for new affluent individuals in China decreased from 70.51 to 70.35 in 2025, with sub-indices for wealth confidence, financial planning, and investment participation declining by 0.26, 2.47, and 0.14 points respectively [1] - The asset management sub-index, after four years of decline, has shown an upward trend, indicating a maturation in wealth management and asset allocation behaviors among this demographic [1] Group 2: Investment Behavior - The average allocation of cash and fixed deposits in the asset configuration of new affluent individuals has dropped to 52.5%, marking the first decline in this category [2] - The participation rate in fund investments has reached a five-year high, with the average allocation to funds increasing to 12.4% [2] - Nearly 40% of respondents expressed interest in overseas asset allocation, reflecting a growing inclination towards diversified investment paths [2] Group 3: Risk Preferences and Financial Literacy - Despite an increase in the allocation to high-risk financial assets, the subjective risk preference of new affluent individuals remains conservative [2] - There is a noted shortfall in understanding the relationship between risk and return, highlighting the need for improved financial literacy [2] Group 4: AI in Financial Services - The study also focused on the new affluent population's attitudes towards AI-enabled financial services, revealing a significantly higher trust in AI-generated investment advice compared to overseas markets, with nearly 70% expressing strong or moderate trust [2] - More aggressive investors showed higher trust levels in AI, while those with over 15 years of investment experience preferred human services [2]

Core Insights - The People's Bank of China released the "Consumer Financial Literacy Survey Analysis Report (2021)", indicating a national consumer financial literacy index of 66.81, an increase of 2.04 compared to 2019 [1] Financial Knowledge - Overall, consumers have a good grasp of credit knowledge and understand the importance of maintaining a good credit record; however, there is still a lack of understanding regarding basic financial concepts such as diversified investment and investment return expectations [3][2] - There has been a noticeable improvement in knowledge related to credit, insurance, loans, and deposit insurance since 2019, but there are still gaps in understanding commercial insurance and investment knowledge [3] Financial Behavior - Mobile payments are the preferred method for daily transactions, but cash is still used for small payments; there has been a significant improvement in credit card repayment behavior, with full repayment rates increasing by 8.2 percentage points since 2019 [4][2] - Consumers primarily invest in savings, bank wealth management products, funds, and stocks, and they prefer to obtain financial product information through bank branches and online channels [4] Financial Attitude - Consumers generally recognize the necessity of cash in daily life and are cautious about debt consumption; there is an increased emphasis on the importance of financial education, particularly for youth, with a 14.04 percentage point increase in those who consider financial education very important since 2019 [5][2] Financial Skills - Consumers demonstrate good management of daily income and expenses, with sufficient emergency savings to cover unexpected expenses equivalent to three months' income; however, there is a need for improvement in debt management skills [6][2] - There has been a noticeable improvement in understanding contract terms and emergency savings since 2019, but traditional skills such as ATM password protection have seen a decline [6]

Core Viewpoint - The claim that the five-cent coin contains gold is a misconception, as all versions of the coin are made primarily of steel and copper, with no gold content [19]. Material Composition - The five-cent coins in circulation in China are made of two main materials: copper-clad steel (1991-2000) and steel core with copper alloy (post-2000) [4][5]. - The copper content in the 1991-2000 version is approximately 3.5%, while the post-2000 version has about 2.8% copper [4]. Misconceptions and Origins - The belief that five-cent coins contain gold stems from their color, as some copper-clad coins exhibit a gold-like sheen, leading 32% of surveyed individuals to mistakenly think they contain precious metals [3]. - Special editions or coins from certain years can fetch high prices in the collector's market, which may mislead people into thinking the coins contain valuable metals [3][8]. - The term "gold" is often used loosely in common language, contributing to misunderstandings about the coin's material [3]. Economic Principles - The production of circulating currency must adhere to economic principles, where the material cost must be significantly lower than the face value; incorporating gold would violate this principle [4][5]. - The material cost of a five-cent coin is estimated to be between 0.08 to 0.12 yuan, well below its face value of 0.5 yuan [5]. Collectible Value - Certain five-cent coins, particularly those from 1992 and 1999, have collectible values that can reach 20 to 50 yuan and 100 to 300 yuan respectively [8][9]. - The value of coins in the collector's market is more dependent on rarity and condition rather than the presence of precious metals [10]. Psychological Factors - The spread of the "golden coin" rumor can be attributed to people's natural inclination towards the idea of unexpected wealth, making them more likely to believe and share such claims [11]. Importance in Currency System - Despite not containing gold, five-cent coins play a crucial role in China's currency system, with approximately 15 billion coins in circulation, totaling a value of about 7.5 billion yuan [19]. Recommendations for Public Awareness - It is advised for the public to maintain a skeptical approach towards claims of unexpected wealth, seek authoritative information, and understand the basic principles of currency production to discern the truth behind such rumors [12][13][14].

Group 1 - The core viewpoint of the article highlights the concerning state of retirement preparedness in China, with the retirement preparation index at a low 5.53 for two consecutive years, indicating a lack of readiness amidst an aging population [2] Group 2 - The pension dilemma reveals that while the basic pension insurance coverage exceeds 80%, the urban employee pension replacement rate is only 36.7%, and the average monthly pension for urban and rural residents is merely 226 yuan [4] - There is a significant disparity in retirement preparation between income groups, with low-income individuals showing a notable decline in their retirement preparation index, while high-income groups are experiencing an upward trend [4] Group 3 - The profile of individuals well-prepared for retirement includes those aged 36-45, with a bachelor's degree, working in state-owned enterprises, and earning over 170,000 yuan annually. Financial literacy is a critical factor, as those with high financial literacy save 47% more for retirement and are 2.3 times more likely to purchase commercial pension insurance compared to those with low financial literacy [6] Group 4 - Despite over 60 million personal pension accounts being opened, the average annual contribution is only 5,145 yuan, significantly below the 12,000 yuan cap. Interestingly, the middle-income group (earning 160,000-350,000 yuan) shows the strongest willingness to contribute, while 72% of individuals earning less than 100,000 yuan are in "ineffective insurance," missing out on tax benefits [7][8] Group 5 - The average expected retirement age is 62.5 for men and 56 for women, but behavioral experiments indicate that showing total pension amounts can increase the willingness to retire early by 20%. Conversely, shortening the retirement choice window can increase the proportion of individuals retiring on time by 15% [10] - A survey of the 18-35 age group reveals that parents with daughters are more inclined to delay retirement by an average of 1.8 years compared to those with sons. Additionally, higher-income youth tend to choose later retirement, with each point increase in financial literacy pushing the expected retirement age back by 0.7 years [11] Group 6 - Recommendations for addressing the retirement crisis include a combination of policy measures, such as pension adjustments and economic transformation, which could raise the retirement index by 1.18. The private sector's pension coverage is significantly lower than that of state-owned enterprises, indicating a need for enhanced tax incentives [15] - Individuals are encouraged to master basic financial knowledge, such as compound interest calculations, which could directly improve their retirement preparation index by 32%. With the old-age dependency ratio at 22.5% (five young people supporting one elderly person), relying solely on government pensions is insufficient [15]

Core Viewpoint - The aging issue in China has become a significant challenge, leading to immense pressure on the pension security system, highlighting the importance of financial literacy in optimizing household pension asset allocation [1][3]. Group 1: Research Data and Methodology - The research utilizes data from the 2019 China Household Finance Survey (CHFS), covering 29 provinces and 31,079 households, focusing on individuals aged 30 and above [2]. - The study analyzes the impact of financial literacy on the scale of pension financial assets, the proportion of risky financial assets, and the degree of risk diversification [2]. Group 2: Main Conclusions - Financial literacy significantly promotes pension financial asset allocation, leading to an increase in the scale of pension financial assets held, a higher likelihood of holding risky pension financial assets, and enhanced diversification of these assets [3]. - The mechanism analysis indicates that financial literacy influences the ability to access financial information and risk attitudes, which in turn affects household pension asset allocation [3]. - Age heterogeneity analysis shows that the impact of financial literacy on asset allocation varies across age groups, with the highest effect observed in younger individuals [3]. Group 3: Policy Recommendations - A nationwide financial literacy enhancement plan should be implemented, focusing on community outreach and online courses to educate on pension financial knowledge [4]. - The financial information dissemination system should be optimized through collaboration between financial institutions and media to simplify terminology and improve the efficiency of information sharing [4]. - Emphasis should be placed on educating the youth about pension finance in educational institutions, designing products that align with their income characteristics to encourage early planning for pension assets [4].