China, Hong Kong

China

Hong Kong, China

GMW coordinator: Investor and Financial Education Council (IFEC) Participating organisations: Education Bureau, Bank of China (Hong Kong), Hong Kong Economic Times, Junior Achievement Hong Kong, Prudential Hong Kong, The Boys’ & Girls’ Clubs Association of Hong Kong, The Hong Kong Institute of Certified Public Accountants, Transunion Total number of participating organisations: 9 Number of children and young people reached directly: 159,621 Number of adults reached directly: 5,330 Number of people reached indirectly: 280,998

During Global Money Week 2022, the IFEC partnered with NGOs, industry bodies and financial institutions and reached over 280,998 children, youth and adults through a series of digital activities such as online money learning quizzes, a game on credit rating on Facebook, money management videos and a thematic webpage on green finance.

The IFEC developed three interactive online quizzes targeting primary school students and youth. Through money-related questions using everyday scenarios children were able to reflect upon their behaviours and learn about good money management habits. The youth financial quotient (FQ) quiz presented money scenarios on money management, scam prevention, and the impact of social media on investment decisions.

The “Invest in Yourself” Young Writers Contest, organised by the IFEC, the Education Bureau and HKEJ Education invited secondary school students to present their financial management skills and knowledge through writings. It also aimed to empower them to invest in themselves by understanding how financial management and good planning can help them to attain life goals and foster their understanding and confidence in financial decision-making. Launched in March as one of the initiatives of GMW, the contest closed in the end of May.

To celebrate GMW2022, IFEC with partners, Bank of China (Hong Kong), TransUnion HK and HKEJ Education, developed fun and interesting activities and resources targeting the wider youth population in Hong Kong. Credit rating is often overlooked by young people. Therefore, due to the widespread use of credit cards and growing popularity of Buy Now Pay Later (BNPL) offerings a credit rating agency, TransUnion Hong Kong, developed a Facebook game to raise awareness of credit ratings and to remind game participants to adopt sound financial management practices. To promote green finance and good money habits, Bank of China (Hong Kong) and HKEJ Education, developed a video featuring an influencer and a thematic webpage. Other organisations who promoted GMW on their social media platforms include Junior Achievement Hong Kong, Prudential Hong Kong, The Boys’ & Girls’ Clubs Association of Hong Kong and The Hong Kong Institute of Certified Public Accountants.