IEC seeks comments on Hong Kong’s first financial literacy strategy

16 September 2015

The Investor Education Centre (IEC) today launched a consultation on the development of a coherent financial literacy strategy for Hong Kong. This Hong Kong Strategy for Financial Literacy (HKSFL), sets out for the first time a clear direction for financial literacy and provides a practical framework for actions across the government, finance, community and education sectors.

Mr TC Chan, Chairman, Steering Committee of the HKSFL said: "This Strategy is designed to harness the enthusiasm and efforts of various sectors by setting common goals that address the financial education needs of Hong Kong people, so that they are more empowered to make informed and responsible decisions for themselves and their families."

As an organisation dedicated to advancing financial education in Hong Kong, the IEC has undertaken a comprehensive process to develop the HKSFL and will act as the Secretariat. Efforts were made to review existing financial education initiatives offered in Hong Kong, relevant research and international practices. A series of stakeholder workshops, in partnership with KPMG, were also conducted to understand financial literacy needs in Hong Kong, and to collect input on the objectives and actions for the HKSFL.

Mr David Kneebone, General Manager of the IEC said: "This Strategy is the first of its kind in Hong Kong. The IEC is glad to take a stronger lead in building collaborative relationships between stakeholders to set out a clear vision for enhancing the financial literacy and well-being of Hong Kong residents. This vision is underpinned by a number of actions, desired outcomes and key success measures for the next three years. We look forward to working with our partners to drive real change within Hong Kong society and make this Strategy a reality."

The consultation document is now available for review at Members of the public and interested organisations are invited to send in their comments to the IEC on or before 13 October 2015 by email to , by post or by fax to (852) 2297 3300.

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