About the IFEC
The Investor and Financial Education Council (IFEC) is an independent public organisation and a subsidiary of the Securities and Futures Commission (SFC), dedicated to improving financial literacy in the Hong Kong Special Administrative Region (HKSAR). The IFEC is supported by the four financial regulators and the Education Bureau.
Our organisation is tasked with the role to provide investor and financial education to the Hong Kong public. Following the HKSAR Government's public consultation in February 2010 and the subsequent amendment of the Securities and Futures Ordinance in May 2012, the Investor Education Centre, now known as the IFEC, was established in November 2012.
Our Mission
Our mission is to equip the public with the knowledge, attitudes and skills to make informed financial decisions to manage money wisely.
Our Work
In April 2016, we launched The Chin Family platform to provide comprehensive, credible and impartial investor and financial education information, tools and education resources to the Hong Kong public.
Our work includes the following:
- mass media campaigns to raise awareness of and to deliver pertinent investor and financial education messages;
- tailored education programmes and seminars that address the needs of target groups;
- financial education tools, services and support for parents, social workers and teachers; and
- collaboration with stakeholders and community partners to extend the reach of our work on investor and financial education in Hong Kong.
The IFEC drives the Financial Literacy Strategy, which aims to create a conducive environment for stakeholders to deliver more quality investor and financial education to the Hong Kong public.
Our Partners
We consult and work in partnership with government agencies and the financial services, education and community sectors to identify the pressing needs of society and segment groups, and design educational materials and programmes to raise financial literacy levels and strengthen financial resilience.
Governance
An independent Board of Directors oversees the work of the IFEC. It comprises the Chairman, who is a non-executive director of the SFC, and representatives from the four financial regulators – the Hong Kong Monetary Authority, the Insurance Authority, the Mandatory Provident Fund Schemes Authority and the SFC. It also includes representatives from the education and finance sectors, as well as the General Manager of the IFEC. The Board meets every three months to provide strategic oversight and advice to the IFEC and approves its policies and decisions.
Board of Directors
| Chairman | DAWES, Victor, SC | Non-Executive Director of the SFC |
| Members | AUYEUNG Pak Kuen, Rex | Industry Representative |
| CHEUNG Wah Fung, Christopher, SBS, JP | Industry Representative | |
| CHEUNG Wan Ching, Clement, GBS, JP | Insurance Authority | |
| HO Fu Ho, Jonathan | Mandatory Provident Fund Schemes Authority | |
| SHEK Ka Lai, Clara | Industry Representative | |
| LEUNG Sze Ho, Louis | University Grants Committee (UGC) Secretariat | |
| LI Yuen Chow, Dora | Investor and Financial Education Council | |
| CHEN Yee, Donald | Hong Kong Monetary Authority | |
| WAN Chi Yiu, Andrew | Securities and Futures Commission |
Stakeholder collaboration
Financial Education Coordination Committee
Organisations that are actively engaged in financial education support the work of the Financial Literacy Strategy through this committee by aligning their organisations' financial education directions with the strategy, assisting in the delivery of core actions of the strategy where possible, and helping identify financial literacy issues.
| Chairperson | Investor and Financial Education Council | AUYEUNG Pak Kuen, Rex | Board member |
| Member organisations | Bank of China (Hong Kong) Limited | KUNG YEUNG Yun Chi, Ann | Advisor |
| CHOW, Arnold | Deputy General Manager | ||
| CFA Institute/ CFA Society Hong Kong | POLLARD, Nick | Managing Director, Asia Pacific, CFA Institute | |
| LEUNG, Mary | Head, Advocacy, Asia Pacific, CFA Institute | ||
| KHOO, Ashley | Director, CFA Society Hong Kong | ||
| Citi | NG, Angel | Chief Executive Officer, Hong Kong & Macau | |
| KONG, Avis | Head of Corporate Citizenship | ||
| Consumer Council | WONG Fung Han, Gilly | Chief Executive | |
| LAI Cho Yee, Joey | Head, Consumer Education Division | ||
| Hong Kong Family Welfare Society | YIP Yun Wan, Amarantha | Chief Executive | |
| CHAN Wai Mun, Venus | Senior Manager, Financial Education Centre | ||
| Hong Kong Federation of Insurers | LAU, Selina | Chief Executive | |
| LEUNG, Maggie | Deputy General Manager – Communications and Committee | ||
| Hong Kong Monetary Authority | CHEN Yee, Donald | Executive Director (Corporate Services) | |
| LI Chun Kit, Patrick | Senior Manager (Education & Publicity) | ||
| Hong Kong Police Force | WONG Chi kwong | Chief Superintendent, Commercial Crime Bureau | |
| NGAN Hoi Ian, Bonnie | Chief Inspector of Police, Anti-Deception Coordination Centre, Commercial Crime Bureau | ||
| KONG Sze-wan | Chief Inspector, Senior Police Call, Police Public Relations Branch | ||
| Insurance Authority | CHEUNG Wan Ching, Clement | Chief Executive Officer | |
| WONG Yuk Ping, Joanne | Senior Manager, Market Conduct Division | ||
| Mandatory Provident Fund Schemes Authority | CHENG Yan Chee | Managing Director | |
| HO Fu Ho, Jonathan | Director (External Affairs) | ||
| Securities and Futures Commission | ALDER, Ashley | Chief Executive Officer | |
| LI Yuen Chow, Dora | General Manager, Investor and Financial Education Council | ||
| The Hongkong and Shanghai Banking Corporation Limited | LIM, Luanne | Chief Executive, Hong Kong | |
| CHIU Chi Fai, William | Global Head of Future Skills, Group Corporate Sustainability | ||
| The Hong Kong Mortgage Corporation Limited | LI Ling Cheung, Raymond | Executive Director and Chief Executive Officer | |
| LEUNG Sze Wan, Angela | Vice President (Marketing and Business Development) | ||
| Visa Hong Kong Limited | STEINEBACH, Maaike | General Manager - Hong Kong and Macau | |
| CHAN, Candy | Manager, Corporate Communications | ||
| Tung Wah Group of Hospitals | SU Yau On, Albert | Chief Executive | |
| CHAN Fuk Lung, Henry | Supervisor, Healthy Budgeting Family Debt Counselling Centre | ||
| Secretary | Investor and Financial Education Council | POON Yuen Shun, Vincent | Manager, Marketing and Programmes |
Sponsor representative / Coordinator representative
Advisory Groups
We have set up a number of Advisory Groups to seek the advice and expertise of community representatives in formulating our financial education initiatives and to identify opportunities for collaboration. We are setting up new Advisory Groups to continue the efforts.Transparency and Accountability
Transparency, accountability and integrity are key principles our work. We continually assess and evaluate the impact of our financial education initiatives, including consumer acceptance of new education resources and pilot testing of education programmes. We conduct research studies to better understand our prioritised target segments so as to deliver education programmes in a more efficient and effective manner.
The Investor and Financial Education Council is awarded the Caring Organisation Logo by The Hong Kong Council of Social Service, in recognition of our commitment in Caring for the Community, Caring for the Employees and Caring for the Environment over the past years.
Last update: 25 August 2022
