China's wealthy families invest millions in child education
3 weeks, 3 days ago

China's wealthy families invest millions in child education

China Daily  

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY The estimated investment in children's education by China's high-net-worth families totals around 4.6 million yuan, with financial planning for children in their early stage of education becoming a trend, according to a report released jointly by Hurun Report and CITIC-Prudential Life on Thursday in Guangzhou, the capital of Guangdong province. The overall investment in children's education, from kindergarten to the highest education level, includes on-campus and off-campus expenses, according to the report on China's high-net-worth family education. The main sources of funds for children's education are primarily cash, followed by fixed income, equity and protection funds, according to the report. When planning study abroad funds for their children, the report showed that the financial services that high-net-worth families are most interested in are budget management, international remittances, and insurance services.

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History of this topic

China spending more on education, ministry says
5 months ago

China spending more on education, ministry says

China Daily  

China's education expenditures saw a 5.3 percent year-on-year increase in 2023, reaching a total of 6.5 trillion yuan, according to data released by the Ministry of Education on Monday. The national expenditure on senior high school education reached roughly 1 trillion yuan last year, a 6.2 percent jump from 2022. In addition, the data shows the nation saw its largest …

China achieves full coverage of educational assistance
1 year, 1 month ago

China achieves full coverage of educational assistance

China Daily  

Students read at Delong Primary School in Yuping Dong autonomous county of Tongren, Guizhou province, on Oct 20, 2022. HU PANXUE/FOR CHINA DAILY BEIJING - China has achieved full coverage in its educational assistance for students from families struggling with economic hardship throughout all educational stages and in all public and private schools, a Ministry of Education official said on …

Education opens door to more equal opportunity
1 year, 9 months ago

Education opens door to more equal opportunity

China Daily  

A student clears the bar during a school high-jump competition in Longli, Guizhou province. As a province with vast mountainous areas, making sure every student gets a good education is key to interrupting the passing of poverty between generations, a national lawmaker said. Guizhou was the first province in the western region to pass the national evaluation for balanced education …

Education achieves higher quality development
4 years ago

Education achieves higher quality development

China Daily  

The education sector in Tai'an, Shandong province has achieved higher quality development over the past five years, local media reported. The city has invested a total of 10.66 billion yuan to renovate and expand 411 new schools. A total of 38.59 million yuan in grants and living allowances for compulsory education were issued, benefiting 75,348 impoverished students. Official data showed …

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