Social News
Written by: Deng Yinglin
2021-04-13 07:46
Last update date: 2021-04-13 07:46
There is a lack of financial education in Hong Kong. A class of students from the Hong Kong University of Science and Technology found that many students are facing financial difficulties and have no habit of saving. They often have to "bread bread" at the end of the month. They are not even aware of credit card charges and MPF operations, so they joined the investment committee. Held the Personal Finance Ambassador Program to learn financial management knowledge and promote financial education in HKUST. More than 70 HKUST students were invited to participate in a one-month financial management challenge. During the period, it was discovered that the food and entertainment of the HKUST students interviewed accounted for the overall expenses. More than half of the expenses were spent, and 4 points and 1 person had no savings at all.
The research and challenge of the students won the gold medal of the Excellent Financial Education Plan Award.
Five University of Science and Technology students participated in the Personal Finance Ambassador Program of the Investment Committee.
From the left are Chen Lexin, Chen Siya, Chen Sihui, Lin Xiaoshan, and Chen Zeqian.
When discussing with classmates, I found that there are not many real investors who understand theories
Chen Siya, the second year of the Department of Mathematics, HKUST, said that during discussions with her classmates, there were many people who understood financial management theories, but few people actually invested or looked up to financial conditions. During the epidemic, more people paid attention to financial issues, so she "teamed up" with several like-minded contract scholars. Participate in the Personal Financial Management Ambassador Program of the Investment Committee. From October to December 2020, participate in activities of the organizer to enrich financial knowledge and promote financial education in HKUST. I hope that more people will learn financial management, change their daily habits, and accumulate capital. overcome obstacles.
Lin Xiaoshan, a third-year student of HKUST Global China Studies, is one of the team members. She pointed out that many students have no habit of saving, and they often have to "bread bread" at the end of the month, and many people are interested in applying for credit cards, so she hopes to share the accumulation of internships at the bank credit card center Experience and knowledge.
They designed mini-games based on the "temptations" faced by HKUST students, such as whether to eat late at night, and whether to change a new model of mobile phone, etc., so that students have the opportunity to reflect on their spending habits.
The team once invited students to a "one-month financial challenge"
The team also invited more than 70 HKUST students to conduct a "one-month financial challenge" to collect the savings, investment and expenditures of HKUST students, and calculate the average financial status of HKUST students.
Chen explained, "The life patterns of HKUST students are relatively similar. I hope that students will compare themselves with other people's expenditure on food and entertainment."
The team also invited more than 70 HKUST students to conduct a "one-month financial management challenge" to collect online savings, investment and expenditures of HKUST students for a whole month, and calculate the average financial status of HKUST students.
(Provided by interviewee)
The survey shows that the median monthly income of HKUST students is about 4,500 yuan, the median expenditure is about 3,400 yuan, and the savings or investment is about 700 yuan.
Among them, one-quarter of HKUST students have "zero savings", and the expenditure distribution is 29% for food and 22% for entertainment, followed by clothing (16%) and transportation (15%).
They also set up a special page on social platforms for 4 consecutive weeks to publish posts on 4 themes of savings, credit cards, MPF and investment, and use live broadcasts and rewarded quizzes (snacks, cash coupons, audio-visual products, etc.) to attract students to understand the concept of financial management And tips, themes include time deposits, monthly stocks, MPF operation, credit card discount comparison and pitfalls, etc.
Chen Siya said with a smile that in the past, she only knew about savings and seldom invested. This event requires a lot of data collection. She learned that there are many types of different financial management tools, such as credit card rebates and rewards. It depends on personal habits to apply. I have a lot of benefits, I am willing to try to invest, know how to calculate risks and do financial planning."
URA invites college students to make furniture for the grass-roots level. University students use leftover wood to make hand-made kitchen cabinets for the elders living together
HKUST’s recruitment vacancies fell by a quarter last year. Employment centers: focus on retail, tourism, etc.
Recruitment vacancies reduced by four-year students of the University of Science and Technology: It is hard not to consider the development of Beijing and Hebei to stay in Hong Kong when applying for a job.
In this year’s Personal Finance Ambassador Program, 11 universities and colleges and 13 teams participated in the competition. The HKUST team stood out and won the Gold Award of the Excellent Finance Education Program Award.
(Provided by interviewee)
Classes were suspended for a long time under the epidemic, and their publicity needs to be transferred to the Internet. However, they found that the paid-for-sale advertisements were not effective, about 200 yuan on average. However, only about 16 people followed them. So they turned to school contacts and got the professor’s approval. The online course promotion, together with the event's prize of more than 3,000 yuan, only spent about 4,100 yuan in the end and reached nearly 5,400 people.
The Personal Finance Ambassador Program organized by the Investment Committee, the Hong Kong Stock Exchange Charity Foundation and the St. James' Settlement. This year, 11 universities and colleges and a total of 13 teams participated. The HKUST team stood out and won the Gold Award of the Excellent Financial Education Program Award.
01News
New Crown Pneumonia University of Finance and Technology
