Stakeholders of the Financial Literacy Strategy...
Investor and Financial Education Council
The Investor and Financial Education Council (IFEC) is the owner of this Financial Literacy Strategy and will
- lead the implementation of the strategy by working with all the different stakeholders; and
- deliver the core actions for each of the strategic focuses.
- set and monitor success measures which reflect the goal for the collective effort in advancing financial education across different sectors, including improved access to financial education and the resulting shift in financial literacy in the population; and
- review the strategy regularly to ensure its continued relevance and publish new/updated versions of the strategy when applicable.
Financial Education Coordination Committee
Organisations that are actively engaged in financial education join the Committee. Members come from different sectors, including the government and related organisations, regulators, financial institutions, industry associations and professional bodies as well as NGOs, etc.
They agree to support the Financial Literacy Strategy in the following ways:
List of Financial Education Coordination Committee members
- align their organisations' financial education directions with the strategy and assist in the delivery of core actions of the strategy where possible;
- share best practices in financial education;
- help identify financial literacy issues; and
- provide feedback to the IFEC on the strategy.
Supporting organisations of the Financial Literacy Strategy
Organisations that believe in the importance of financial literacy and the Financial Literacy Strategy sign up to the Financial Literacy Charter and become supporting organisations. They are expected to
- raise the awareness of the importance of financial literacy among their service targets and their respective networks;
- provide financial education or embed financial education elements as an integral part of their services wherever applicable; and
- champion financial education or support the advocacy work to policy makers whenever possible.
Policy makers, including councils, committees or boards of the government or related bodies, statutory bodies, industry bodies, NGOs, education institutes and commercial organisations, etc, are encouraged to
- look into the role of financial literacy when developing their policies; and
- direct resources to integrate financial education in their policy areas when needed.
Hong Kong public
The public are the beneficiary of having higher financial literacy. To achieve this, they should actively participate in financial education, be it attending activities, searching for information or just being more aware of public education messages