Visa Inc, the global card payment services company, held its first China Financial Literacy Development Alliance Forum in Beijing last month, aimed at raising the level of financial know-how among younger citizens.

Jointly organized by the China Banking Regulatory Commission's public education service center, the event highlighted both international and domestic financial trends, said Deng Zhiyi, who heads the organization.

"The promotion of financial literacy among young people is vital for national competitiveness and social welfare.