Every summer, mainland Chinese parents traditionally send their children to various physical training camps or even trips to Africa to observe animal migrations. However, over the past two years, a new trend has emerged: financial quotient (FQ) training camps designed to cultivate “little Warren Buffetts.”

According to Phoenix Weekly and reported by the South China Morning Post, these FQ camps have gained significant popularity among parents concerned about their children’s financial futures. The camps emphasize slogans such as “Poverty is not a status, but a mindset” and “You are a liability to your parents when you’re young, but you will become their asset when you grow up.”

The courses typically last between one week and ten days, charging a minimum fee of 12,800 yuan (approximately US$1,900) per child. Students learn basic financial literacy, entrepreneurship, and wealth management, with the goal of helping them “win at the starting line of the FQ race,” as many camps assert.

Demand for these camps is so high that parents often need to reserve spots several months in advance. Some have even taken to social media to ask whether in-person training camps will be available in their cities.

These developments reflect a growing focus among Chinese families on financial education as a key component of their children’s future success.

Sources