Enhancing financial literacy (7)

In China, financial education for Party and government leaders at every level plays a key role in maintaining financial stability. History shows that a large-scale financial education campaign among government leaders before the 1997-98 Asian financial crisis and the 2008 global financial crisis partly contributed to decisive financial reforms and regulations, which allowed the Chinese financial industry to more successfully weather the external storms.

The global financial crisis has changed our assumptions about the future, and as a result customer behavior is also changing; financial education will be an essential part of confidence building. It might be a costly, never-ending learning process, but the value of financial education is beyond doubt.

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