Yanbian Korean Autonomous Prefecture Personal Finance Research

Personal wealth was accumulated quickly in recent years followed by the fact that wealth management, an emerging banking product, has walked into our daily life. Then, what's the meaning of wealth management? Why is it so needed by individuals? Are there any risksand how to avoid it? These are all we get to know well. Domestic and foreign financial institutions have valued very much on the personal wealth management business. The high-end customers and high profit might be the main reason why commercial banks focus on this kind of business. Since the establishment of Sino-Korean foreign relations and the vigorous exchange between the residents in Yanbian and the residents in Korean Peninsula, the rapid economic growth resulted in a continuous increase of personal revenues.At the same time, the superior edge of foreign exchange inflow into this region intensified the accumulation of wealth of the residents and families in Yanbian. The questions are how to accustom to this new life? How to increase the value of your wealth? And how to establish a correct thought of wealth management? This essay will answer these questions by studying the changes of consumption habits and structures of Yanbian residents in order to help train, establish and grasp the correct idea of wealth management.