Chinese Culture and Personal Financial Planning: Exploratory Research and Literature Review

Malinda, Maya (2023) Chinese Culture and Personal Financial Planning: Exploratory Research and Literature Review. In: The Belt and Road: Symposium on International Finance, September 16, 2023, Shijiazhuang.

	Text 12. Chinese Culture and Personal Financial Planning.pdf Download (2160Kb)
	Text 12. Turnitin_Chinese Culture and Personal Financial Planning.pdf Download (1171Kb)

Abstract

Chinese people in Indonesia are currently widely known as CHINESE INDONESIA (Chindo) carry Chinese culture through their ancestors. The culture they bring includes their perspective on money, how to plan and manage money. This paper aims to discuss Chinese culture embraced Chindo. The method used is exploratory research and literature review to analysisthe principles and practices of the Chindo community in Indonesia in financial planning and management. The result of the discussion is the view of the Chindo taken from Confucianism, namely filial piety to parents, honesty, and trustworthiness. Besides that, there are also the principles of don't owe, live frugally, be disciplined in saving, don't be reluctant to bargain, have the right way of looking at money, invest, have a side job, work hard, do reduce reuse recycle, have no prestige, take advantage of promotions and discounts, educate children on financial management. The limitation of this paper is that the number of references and interviews is still minimal, so it needs to be redeveloped in future research. The uniqueness of this paper is trying to combine the two methodologies to get mutually reinforcing results.

Item Type:

Conference or Workshop Item (Paper)

Contributors: