In advancing the financial literacy of Hong Kong people, it is important to foster closer communication and collaboration amongst stakeholders. This newsletter serves as a tool to engage the Financial Literacy Strategy 2019 (FL Strategy) supporting organisations and stakeholders through highlighting some of the recent development in financial education (FE) and sharing the approaches to FE by some practitioners.

Hello from the new IFEC General Manager

IFEC General Manager Ms Dora Li, appointed in May 2020, calls for support from stakeholders to help enhance financial literacy in Hong Kong.

Hong Kong ranks top in global financial literacy study

Hong Kong came out on top in the OECD International Network on Financial Education (OECD/INFE) 2020 International Survey of Adult Financial Literacy, but there is still much room for improvement.

Financial education efforts in Hong Kong: case examples

Many organisations provide financial education to the public either by themselves or through collaboration. The Hong Kong Federation of Insurers, Association of Certified Accountants Hong Kong, CFA Institute and Hong Kong Exchanges and Clearing share their insights on how it can be successfully done.

Financial education during pandemic

Not only has the COVID-19 pandemic taken a heavy toll on people’s health, it is also causing financial burdens to many. Various organisations are responding to the public's needs under the pandemic by providing timely and much needed financial education messages.

Upcoming campaign “Keep your finances in good shape under COVID-19”

Financial prudence and investment caution are important messages to reinforce especially during the economic downturn as a result of the COVID-19 pandemic. The IFEC will launch an online campaign with the theme “Keep your finances in good shape under COVID-19” and would like to extend an invitation to other organisations to take part.