china-financial-plan

china-financial-plan

Purpose

Create comprehensive Chinese household/personal financial planning — retirement, education, estate, and cash-flow planning adapted for Chinese context.

Data Sources

Primary: iFind MCP (Tier-1 paid) / AkShare MCP (Tier-2 free alternative)

get_index_data("000001")              → A股 historical returns
get_fund_data(fund_code)              → Fund performance data

Secondary Sources

• Social security — social security data
• Housing provident fund — housing fund data
• Wind / Choice — investment product data
• Insurance companies — insurance product info

Workflow

Step 1: Client Profile & Goals

Client demographics:

Attribute	Detail
Age
Occupation
Family structure	Single / Married / Children
Income	Annual income (pre-tax)
Expenses	Monthly/annual expenses
Assets	Current net worth
Liabilities	Mortgage, other debt

Financial goals:

Goal	Timeline	Target Amount	Priority
Retirement pension	XX years	¥XXX万	High/Med/Low
Children's education	XX years	¥XXX万	High/Med/Low
Home purchase	X years	¥XXX万	High/Med/Low
Travel/lifestyle	Ongoing	¥XX万/year
Estate planning	Long-term

Step 2: Cash Flow Analysis

Income sources:

Source	Monthly	Annual	Stability
Salary income	¥X	¥XX	Stable/Variable
Business income	¥X	¥XX	Variable
Investment income	¥X	¥XX	Variable
Rental income	¥X	¥XX	Semi-stable
Other	¥X	¥XX

Expense breakdown:

Category	Monthly	Annual	Notes
Housing (mortgage/rent)	¥X	¥XX
Food	¥X	¥XX
Transportation	¥X	¥XX
Children's education	¥X	¥XX
Medical	¥X	¥XX
Entertainment/travel	¥X	¥XX
Insurance	¥X	¥XX
Supporting elderly parents	¥X	¥XX
Other	¥X	¥XX
Total	¥X	¥XX

Savings rate: Savings / Income = X%

Step 3: Net Worth Statement

Assets:

Asset Category	Current Value	Expected Growth
Cash and demand deposits	¥XX
Deposits (time/large-denomination)	¥XX
A-share investments	¥XX
Funds	¥XX
Bonds	¥XX
Real estate	¥XX
Insurance cash value	¥XX
Other	¥XX
Total Assets	¥XX

Liabilities:

Liability	Amount	Interest Rate	Remaining Term
Mortgage	¥XX	X.X%	X years
Car loan	¥XX	X.X%	X years
Other loans	¥XX	X.X%	X years
Total Liabilities	¥XX

Net worth: ¥XX万

Step 4: Retirement Planning

Retirement projection:

Parameter	Value
Current age	XX
Retirement age	XX
Years to retirement	XX
Desired retirement income	¥XX万/year
Expected retirement duration	XX years
Current retirement savings	¥XX万

Projection:

Year	Age	Projected Savings	Required
Now	XX	¥XX万	—
+5y	XX	¥XX万	¥XX万
+10y	XX	¥XX万	¥XX万
+15y	XX	¥XX万	¥XX万
Retirement	XX	¥XX万	¥XX万

Gap analysis: Shortfall / Surplus of ¥XX万

Solution options:

• Increase savings rate
• Adjust investment returns assumption
• Delay retirement
• Part-time work in retirement

Step 5: Education Planning

Education cost estimate (China):

Stage	Duration	Annual Cost	Total Cost
Kindergarten	3 years	¥X-X万	¥X-X万
Primary/Junior high school	9 years	¥X-X万	¥X-X万
High school	3 years	¥X-X万	¥X-X万
Domestic university	4 years	¥X-X万	¥X-X万
Overseas undergraduate	4 years	¥XX-XXX万	¥XX-XXX万
Overseas master's	1-2 years	¥XX-XXX万	¥XX-XXX万

Education fund projection:

Child Age	Years to College	Target Amount	Current Savings	Monthly Savings Needed

Step 6: Investment Allocation

Recommended allocation (A-share focus):

Asset Class	Conservative	Balanced	Growth
A-share equities	20%	40%	60%
Funds (active/passive)	20%	25%	20%
Bonds	40%	25%	10%
Cash/wealth management	15%	7%	5%
Other (REITs, gold)	5%	3%	5%

Within A-share equity:

Sector	Allocation	Rationale
Consumer	XX%	Defensive, long-term growth
Technology	XX%	Growth, innovation
Pharmaceuticals	XX%	Demographics, defensive
Financials	XX%	Value, dividends
New energy	XX%	Policy support
Other	XX%	Diversification

Step 7: Risk Management

Insurance needs:

Type	Coverage	Annual Premium
Medical insurance	¥XX万	¥X,XXX
Critical illness insurance	¥XX万	¥X,XXX
Accident insurance	¥XX万	¥X,XXX
Life insurance	¥XX万	¥X,XXX
Pension insurance	¥XX万/year	¥X,XXX

Emergency fund: 3-6 months expenses = ¥XX万

Step 8: Tax Optimization

China-specific tax planning:

Area	Strategy
Individual income tax	Special additional deductions (education, mortgage, elderly)
Social insurance	Optimal contribution levels
Housing provident fund	Maximize employer match
Investment	Dividend and bonus tax optimization
Real estate	Property tax planning (if applicable)

China-Specific Considerations

Social Security (社保)

Type	Contribution	Benefits
Endowment insurance	~28% of salary	Retirement pension
Medical insurance	~10% of salary	Medical coverage
Unemployment insurance	~1%	Unemployment benefit
Work-related injury insurance	Employer	Work injury
Maternity insurance	Employer	Maternity
Housing provident fund	5-12% each side	Housing fund

Common Financial Products (China)

Product	Return	Risk	Liquidity
Bank demand deposit	~0.3%	Very low	High
Bank wealth management products	2-4%	Low	Medium
Government bonds	2-3%	Very low	Medium
Money market funds (Yu'ebao, etc.)	1.5-2.5%	Low	High
A-shares	-30% to +50%+	High	Medium
Funds (active)	-20% to +40%	Medium-High	Medium
Funds (index)	-25% to +35%	Medium	Medium
Trusts	5-8%	Medium-High	Low
Private equity	Variable	High	Low

Common Client Types

Type	Characteristics	Planning Focus
Salaried employees	Stable income, limited savings	Systematic investing, tax optimization
Small and medium-sized business owners	Variable income, business exposure	Diversification, succession planning
High net worth	Significant assets, complex needs	Tax optimization, estate planning
Retirees	Fixed income, preservation	Income generation, capital preservation
Young families	Early career, children	Accumulation, education funding

Quality Checks

Before delivering:

• Client goals clearly defined
• Cash flow analysis complete
• Net worth accurate
• Projections realistic
• Allocation appropriate for risk profile
• Tax optimization considered
• Insurance needs assessed
• Recommendations actionable

Data Source Mode Switch: Set env var IFIND_DATA_SOURCE_MODE to control data source preference.

• ifind-only (strict): Use iFind only, error if unavailable
• ifind-fallback (default): iFind preferred, fallback to AkShare
• akshare-only: Skip iFind, use AkShare only