Abstract: Making decisions based on rational analysis of financial information has become an indispensable core competency for an individual to survive and develop in today's society.Therefore,the financial literacy education has become one focus in the development of education globally.This paper starts from the practice and innovation dimensions of core competency,makes a comprehensive analysis of its position in the core competency frame,and points out that financial literacy education is an effective carrier for practice and innovation competencies.At the same time,the cultivation requirements also provide an orientation for developing the financial literacy education.This paper summarizes the development history,basic connotation and characteristics of financial literacy,and puts forward a systematic and integrative theoretical framework.Combining with education reform to develop core competency,this paper provides some suggestions on the implementation of financial literacy education.

Key words: core competency, practice and innovation, financial literacy, education reform