About the IFEC

The Investor and Financial Education Council (IFEC) is a 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, namely the Hong Kong Monetary Authority, Insurance Authority, Mandatory Provident Fund Schemes Authority and SFC, as well as the Education Bureau.

The IFEC promotes and delivers free and impartial investor and financial education resources and programmes through its consumer education platform, The Chin Family. It also leads the Financial Literacy Strategy to create a conducive environment for stakeholders to deliver more quality investor and financial education to the Hong Kong public.

The Articles of Association can be downloaded here (Available in English only)

Our background

We were formally established as the Investor Education Centre, now known as the IFEC, in November 2012, following a public consultation by the HKSAR Government in February 2010 and a subsequent amendment of the Securities and Futures Ordinance in May 2012.


Our Mission

Our mission is to equip the public with the knowledge, attitude and skills necessary for making informed investment and financial decisions and managing money wisely.


Our partners

We consult and work in partnership with government agencies and the financial services, education and community sectors to identify pressing investor and financial education needs among various target groups. Together with our partners, we design initiatives that raise financial literacy levels and strengthen financial resilience.


Our Work

In April 2016 we launched The Chin Family platform to provide investor and financial education resources to the Hong Kong public.

Our work includes the following:

The IFEC also leads the Financial Literacy Strategy to create an environment for stakeholders that is conducive to delivering more quality investor and financial education to our various target segments in Hong Kong.


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 of the four financial regulators – the Hong Kong Monetary Authority, Insurance Authority, Mandatory Provident Fund Schemes Authority and 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 approve its policies and decisions.


Board of Directors


Chairman DAWES, Victor, SC Non-Executive Director of the SFC
Members Dr AUYEUNG Pak Kuen, Rex, GBS, JP Industry Representative
CHEUNG Wah Fung, Christopher, GBS, 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

Dr AUYEUNG Pak Kuen, Rex, GBS, JP

Board member
Member organisations AIA International Limited Elaine LAU Chief Corporate Solutions Officer
Benne NG Head of Corporate Client Communications
AXA Hong Kong and Macau Sally WAN Chief Executive Officer, Greater China
Rachel Lai Corporate Communications Director
Bank of China (Hong Kong) Limited KUNG YEUNG Ann Yun Chi Advisor
Arnold Chow Deputy General Manager
CFA Institute-The Hong Kong Society of Financial Analysts Nick POLLARD Managing Director, Asia-Pacific, CFA Institute
Scott LEE Senior Director, Asia-Pacific Research Exchange, CFA Institute
Richard MAK President, CFA Society Hong Kong
Citi Aveline SAN Chief Executive Officer, Hong Kong & Macau
-- --
Consumer Council Gilly WONG Chief Executive 
Joey LAI Head, Consumer Education Division
Hong Kong Family Welfare Society Amarantha YIP Executive Director
Venus CHAN Senior Manager, Financial Eduatoin Centre
Hong Kong Federation of Insurers Selina LAU Chief Executive
Maggie LEUNG Deputy General Manager, Communications and Committee
Hong Kong Monetary Authority Donald CHEN Executive Director (Corporate Services)
Patrick LI Senior Manager (Education & Publicity)
Hong Kong Police Force WONG Chi Kwong Chief Superintendent, Commercial Crime Bureau
Bonnie NGAN Chief Inspector, Anti-Deception Coordinate Centre, Commercial Crime Bureau
Irene KONG Chief Inspector, Senior Police Call and Community Engagement Section, Public Relations Wing

Insurance Authority

Clement CHEUNG Chief Executive Officer
Joanne WONG Senior Manager, Market Conduct Division

Mandatory Provident Fund Schemes Authority

CHENG Yan Chee Managing Director / Chief Corporate Affairs Officer and Executive Director
Florence CHAN General Manager (External Affairs)

Prudential Hong Kong Limited

Lawrence LAM Chief Executive Officer
Wayne FONG Head of Corporate Affairs

Securities and Futures Commission

-- --
Dora LI General Manager, Investor and Financial Education Council

The Hongkong and Shanghai Banking Corporation Limited

Luanne LIM Chief Executive, Hong Kong
William CHIU Global Head of Future Skills, Group Corporate Sustainability

The Hong Kong Mortgage Corporation Limited

Raymond LI Executive Director and Chief Executive Officer
Angela LEUNG Vice President, Marketing and Business Development

Tung Wah Group of Hospitals

Albert SU Chief Executive 
Henry CHAN
 
Supervisor, Healthy Budgeting Family Debt Counselling Centre

Visa Hong Kong Limited

Maaike STEINEBACH General Manager, Hong Kong and Macau, Visa
Candy CHAN Corporate Communications Manager
Secretary Investor and Financial Education Council Au Lik Sang Head of Innovation and Partnerships
Sponsor representative / Coordinator representative

Advisory Groups

We have set up four Advisory Groups to seek the advice and guidance from financial regulators and community representatives on our investor and financial education initiatives and to identify opportunities for collaboration.

Advisory Group: Investor Education
Convenor CHAN Ho Lim, Joseph, JP Financial Services and the Treasury Bureau
Members HO Fu Ho, Jonathan Mandatory Provident Fund Schemes Authority
LI Chun Kit, Patrick Hong Kong Monetary Authority
MAN Hoi Yee, Holly Securities and Futures Commission
WONG Po Yin, Vicki Insurance Authority
Ex-officio Member YEUNG Wai Yee, Michelle Investor and Financial Education Council
Secretary SO Hing Fai, Eric Investor and Financial Education Council

Advisory Group: Financial Education for Schoolchildren
Convenor LIN Chun Pong Hong Kong Association of the Heads of Secondary Schools
Members CHAN Hong Education Bureau
CHAN Shuk Yee, Polly Hong Kong Aided Primary School Heads Association
CHAN Wai Mun, Venus Hong Kong Family Welfare Society
CHENG Pat Leung, Victor Hong Kong Education City Limited
CHIU Chi Fai, William The Hongkong and Shanghai Banking Corporation Limited
HSIEN Lai Hing, Katy Education Bureau
Dr LAW Kim Fai, Eric The Education University of Hong Kong
LEUNG Siu Fan Education Bureau
POON Tak Cheong, Raymond Committee on Home-School Co-operation
Ex-officio Member AU Lik Sang Investor and Financial Education Council
Secretary CHOI Suk Mun, Anny Investor and Financial Education Council

Advisory Group: Financial Education for Young Adults
Convenor AU Lik Sang Investor and Financial Education Council
Members Professor AU Kai Ming, Alan Hong Kong Metropolitan University
Dr CHENG Wui Wing The Hang Seng University of Hong Kong
Professor CHENG Yuk Shing Hong Kong Baptist University
Professor CHEW Seen Meng The Chinese University of Hong Kong
Professor HUANG Hao The Hong Kong University of Science & Technology
Dr KWAN Alan Paul The University of Hong Kong
Dr LAM Wai Keung Vocational Training Council
LAU Tse Yin The Hong Kong Academy for Performing Arts
Dr LEE Shu Kam Hong Kong Shue Yan University
Professor MA Yue City University of Hong Kong
Dr WONG Lap Bun The Hong Kong Polytechnic University
Professor YU Wai Mui, Christina The Education University of Hong Kong
Professor ZHAO Xiao Feng Lingnan University
Secretary WONG Chun Yee Investor and Financial Education Council

Advisory Group: Financial Education for Seniors
Convenor KWAN Chuk Fai, MH, JP Community Investment and Inclusion Fund Committee
Members CHAN Yuen Ling Mandatory Provident Fund Schemes Authority
Professor CHUI Wing Hong The Hong Kong Polytechnic University
KONG Sze Wan Hong Kong Police Force
LAU Pui Ling, Selina Hong Kong Federation of Insurers
LEUNG Yuen Ching Hong Kong Family Welfare Society
LOW Chen Yang Tung Wah Group of Hospitals
Professor MOK Ka Ho Lingnan University
WONG Hung Hung, Maura Senior Citizen Home Safety Association
YUNG Wai Sun HKMC Annuity Limited
Ex-officio Member AU Lik Sang Investor and Financial Education Council
Secretary YAU Kwan Pang Investor and Financial Education Council

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.

 

Caring Organisation 2019-2021

Last update: 17 January 2023