China's Working-class Individual / Family Financial Management Study

Chinese social and economic life had changed great since the social and economical reform in 1978.The peoples basic concept of financial planning is forming step by step. These financial information which in the TVs, newspapers and magazines are tattered because they are not complete and isolated only be aimed at single finance or problem. This paper had built a synthetic and systemic model of basic personal finance principles. They are not only propaganda objective but also further clearing-cut a basic personal financial theory and fundamental conception. This paper will build a clear and definite relevant conception and make further efforts to inquire into personal financial relevant notion.The paper's viewpoint think that the personal and family finance are not only an idea, a consciousness but also a life-style in substance. The personal and family finance which building on the life cycle and risky state will be the a series of all-round and synthetic process which think over those the keep and add assets value, avoiding risk, providing for the aged, medical, housing and offspring education. The wage stratum's disposable income have increased year by year along with the rapid development of our country economy, medical, providing for the aged, offspring education and housing are hot spots of subject of a talk of common people after tea and meals. Therefore the research of the wage stratum's personal financial planning will be provided with very great of momentous current significance and historical significance.Combined the western developed countries and the developing countries economy, the paper have analyzed the background characteristic of times, present situation and Chinese personal financial planning. Because of the theory and knowledge very much, they are highly professional, comprehensive and overall. On the base of the theoretical frame, the paper put forward related theories of personal finance model, life cycle and time value. In substance, the personal finance is an all-round, synthetic, dynamic procedure which based on distinct life cycle stages characteristics and risky situation which a series of examine the assets gained return and added value, voidanceof risk, provide for the aged, medical treatment, housing,sons and daughters education in its entirety, and so on. It mainly include cash management, assets management, debt management, risk management, investment management, retire planning, tax well-designed, etc. The strict personal financial planning can help to realize one's own life- aims.After that this paper analyzed the principle of personal finance. Combined the current situation with the primary Chinese capital market at present, the paper analyzed the investment tools of personal finance such as savings, national debt, stock, investment securities of funds, insurance, foreign exchange, warrants, financial derivatives and art collections. To the wage stratums, the comparatively suitable investment tools are national debt, investment securities of funds and insurance. The others are not been suggested to set foot in and try them owing to full of hazard and specialized knowledge. This paper has analyzed two classic cases that manage money matters of the wage stratums.The paper pointed out the future developing trend of the wage stratum's personal finance. The trend will strengthen little by little and have great potentialities. Throughout scientific and systematic organization, the personal finance will make up necessary one of an ordinary wage stratums life. The personal finance will bring about a rich and glorious wage stratum target. From now on, the crux of the matter is by means of through the specific medium which to train wage stratums for taking shape correct idea. The paper supplied the author's ideas and advises.