The General Financial Education in China: Evidence From Ratio of Undergraduate Financial Education Majors in Universities

Abstract

Since the development of electronic money, the complex financial situation has raised the importance of financial education. This study focuses on universities' undergraduate financial field education coverage, which helps estimate citizens' overall financial knowledge situation for most undergraduate universities, focusing on learning the general field knowledge that is similar to primary financial thought. The study shows a low concentration of financial education majors among universities; even though the available number of majors in all universities is low, the coverage rate of financial education majors towards universities is higher than initially thought. The results point out specific majors that are worth investing in accumulating financial education in China.