The insurance company makes no promises about any dividends or refunds you might receive. Policy documents must explicitly state in bold text that “fu…
Cost
With a non‑return plan, no money is returned at maturity, which can make it feel like “was…
Benefit
Regulatory rules require that dividend‑type products clearly indicate in bold print that “…
When you’re at fault, the mandatory insurance pays out only up to three specific limits: 180,000 yuan for death or disability, 18,000 yuan for medical…
Cost
Commercial third‑party liability insurance costs a few hundred to a few thousand yuan per …
Benefit
Nationwide, mandatory insurance enforces uniform liability limits. These limits are calcul…
Keep 3 to 6 months’ worth of living expenses in an account you can withdraw from at any time. This way, if you lose your job or fall ill, you won’t ha…
Cost
There is no direct monetary cost. The trade-off is forgoing higher returns; the funds must…
Benefit
An emergency fund eliminates the need to borrow money or sell investments at a loss during…
Paying off your mortgage is essentially the same as earning a guaranteed return equal to your mortgage rate. So the only question you need to ask is: …
Cost
No cost at all. It only takes about half an hour to do the math. You’ll need to honestly e…
Benefit
The calculation works like this: let r be the annual mortgage rate as stated in your contr…
If a seller cheats you, they must pay three times the amount you paid — with a minimum compensation of 500 yuan. Platforms that know sellers are break…
Cost
There’s no cost involved. Just take a moment before ordering to read the return policy and…
Benefit
Sellers found guilty of fraud must pay three times the purchase price, with a minimum payo…
One of the biggest hurdles when problems arise from purchases made during livestreams is figuring out exactly who to hold responsible. In such cases, …
Cost
No cost involved; you simply need to request the information from the platform.
Benefit
When consumer disputes occur, operators of livestream marketing platforms must furnish buy…
If you buy expired or spoiled food, the food itself, its packaging, and the receipt serve as evidence — so don’t toss them out. You’re entitled to com…
Cost
There’s no cost involved. Keep the food, its packaging, and the receipt — don’t throw them…
Benefit
If you suffer harm due to food that fails to meet safety standards, you may seek compensat…
In 2024, national inspections covered 25,250 batches of products, with 14.3% found to be non-compliant. The situation is worse on e-commerce platforms…
Cost
It costs nothing. Just spend a few minutes looking up information on the websites of the S…
Benefit
The 2024 national supervision inspections examined 25,250 product batches, resulting in a …
A portion of the purchase price for such items is already consumption tax: watches priced at 10,000 yuan or more incur a 20% tax; gold, platinum, and …
Cost
There’s no upfront cost — just don’t justify buying these items by claiming they’ll apprec…
Benefit
On the purchase side, tax rates are clearly defined in the Consumption Tax Schedule: “luxu…
Certificates can be forged, so what truly matters is confirming the agency that issued it. Any testing organization allowed to issue reports must hold…
Cost
No cost at all. Checking an agency’s qualifications takes just a few minutes before placin…
Benefit
The relevant rules are laid out in the Administrative Measures for Qualification Recogniti…
Sellers must display the draw rules, probabilities, and quantities of limited‑edition items in a highly visible manner. They are prohibited from manip…
Cost
There is no direct cost involved. You simply need to set a strict budget before buying. Th…
Benefit
The basis for these rules is the “Guidelines on the Operation of Blind Box Business (Trial…
The law only mandates ingredient lists for pre-packaged foods; loose goods have no such requirement. For loose products, retailers only need to displa…
Cost
No cost at all. Pre-packaged versions of the same items are usually a bit pricier than loo…
Benefit
Article 67 of China’s Food Safety Law stipulates that all pre-packaged foods must carry a …
Human nature drives us to sell winners and hold losers. In seven years of data from 10,000 U.S. accounts, stocks that rose were sold about 50% more of…
Cost
No cost at all. The hard part is admitting the loss and actually selling the stock.
Benefit
This study examined every trade made by 10,000 accounts at a U.S. discount broker from 198…
Starting May 2026, foreign brokers such as Tiger Brokers, Futu, and LongBridge are no longer allowed to accept new accounts from mainland investors. E…
Cost
There’s no direct cost — you can purchase QDII funds via your own bank or brokerage app in…
Benefit
On May 22, 2026, eight Chinese authorities — including the China Securities Regulatory Com…
The premiums you pay won’t all be returned to you; a portion goes toward the insurer’s operating costs and profit. Therefore, insurance is worthwhile …
Cost
No money is required. All you need to do is list the major potential losses your household…
Benefit
Only a fraction of the premiums collected by insurers is paid out as claims. The remainder…
Term life insurance covers you only for a set number of years. If you pass away during that period, your family receives a payout. This coverage is me…
Cost
A few hundred to a few thousand yuan per year, depending on age, coverage amount, and poli…
Benefit
Regulatory definitions classify life insurance as personal insurance where human lifespan …
All personal insurance policies with a term longer than one year include a cooling-off period. For policies bought through banks, this period starts 1…
Cost
There’s no cost involved. A quick call to the insurer’s customer service line or a short v…
Benefit
Regulations require all personal insurance policies with a term over a year to clearly sta…
Banks may sell insurance on behalf of insurers, but they must not present it as a deposit. The contract cover must clearly state “Insurance Contract” …
Cost
No cost at all. Just spend a couple of extra minutes reading the contract cover.
Benefit
Regulations explicitly forbid banks from bundling insurance with savings deposits, mutual …
Online ads promising “full policy refunds with no fees if unsuccessful” usually come from illegal cancellation agents. They typically take 30–50% of a…
Cost
There’s no cost involved. Simply call the insurer’s customer service line or visit a branc…
Benefit
In February 2026, China’s National Financial Regulatory Administration, the Cyberspace Adm…
If no beneficiary is listed, or if the named beneficiary passes away first, the payout is treated as part of the deceased’s estate and must first cove…
Cost
No cost involved. You fill this in once at purchase; any later changes to the beneficiary …
Benefit
Insurance law stipulates that beneficiaries must be designated by either the insured or th…
Domestic legal frameworks do not recognize virtual currencies as legal tender. Private transactions exchanging fiat currency for cryptocurrency tokens…
Cost
Zero financial outlay. Do not buy cryptocurrency tokens, and refuse invitations to join "s…
Benefit
In February 2026, the People's Bank of China (PBOC) and seven other national authorities j…
For self-employed individuals and flexible workers funding their own employee basic pension insurance, paying at the minimum statutory tier (60%) and …
Cost
All contributions are funded out-of-pocket at 20% of the selected wage base, requiring sev…
Benefit
Contribution and benefit formulas are governed by State Council Document Guofa [2005] No. …
If major powertrain components (engine, transmission, EV drive motor, power battery) fail and require replacement within the first 7 days of new vehic…
Cost
Zero financial outlay. Spend 30 minutes at delivery reviewing exterior panels, interior el…
Benefit
Under the Provisions on the Liability for Repair, Replacement, and Return of Household Aut…
When purchasing a used vehicle from a licensed commercial dealer who intentionally conceals past major collisions, structural frame damage, or water s…
Cost
A few dozen to hundreds of RMB for professional third-party vehicle inspection and VIN his…
Benefit
Under the Measures for the Administration of Used Car Circulation, commercial sellers are …
