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Chinese parents pay for financial literacy camps for kids

Classes typically run one week to 10 days and cost at least 12,800 yuan per child, with spots reportedly booked months ahead.

Reported · Written up by our desk · China

South China Morning Post Economy reports that mainland Chinese parents are increasingly paying for financial quotient training classes for children, marketed as a way to build basic financial literacy and entrepreneurial skills.

The camps often last from a week to 10 days and charge a minimum of 12,800 yuan, and some operators also promote themes of wealth management and preparing children to do well early in life.

Demand has grown to the point that parents need to reserve spots several months in advance, according to the outlet, and some have turned to social media to ask whether in-person sessions will be held in their cities.

The story also notes that similar summer offerings, including costly physical training camps and overseas observation trips, have been popular, but the FQ programs have risen sharply over the past two years.

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