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 investor and financial education 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 education platform, The Chin Family. It also leads the Financial Literacy Strategy to facilitate stakeholders to deliver 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 October 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:
- Developing mass media campaigns to raise awareness of and deliver pertinent investor and financial education messages;
- Delivering tailored programmes that address the needs of target groups;
- Providing tools, services and support for parents, social workers and teachers; and
- Collaborating with partners to extend the reach of investor and financial education.
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, BBS | 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 | |
| NG Ying Kei, Archie | Hong Kong Monetary Authority | |
| LEE Chi Kee, Trevor | 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 |
| Vice Chairperson | Investor and Financial Education Council |
LI Yuen Chow, Dora |
General Manager |
| Member organisations | AIA International Limited | Elaine LAU | Chief Executive Officer, AIA Company (Trustee) Limited |
| Benne NG | Head of Corporate Client Communications | ||
| AXA Hong Kong and Macau | Sally WAN | Chief Executive Officer, Greater China | |
| -- | -- | ||
| 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 | Brenda HOU | Head, Global Partnerships & Client Solutions, Growth Markets, CFA Institute | |
| Scott LEE | Senior Director, Strategic Partnerships, CFA Institute | ||
| Richard MAK | Immediate Past President, CFA Society Hong Kong | ||
| Citi | Aveline SAN | Chief Executive Officer and Banking Head, Citi Hong Kong and Macau | |
| Caren LEE | Head of Communications, Asia North & Australia Cluster and Hong Kong, Citi | ||
| Consumer Council | Gilly WONG | Chief Executive | |
| Joey LAI | Head, Consumer Education Division | ||
| Hong Kong Family Welfare Society | Kitty CHAU | Chief Executive | |
| 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 | Archie NG | Executive Director (Corporate Services) | |
| Patrick LI | Senior Manager (Education & Publicity) | ||
| Hong Kong Police Force | Tyrol YAU | Chief Superintendent, Commercial Crime Bureau | |
| Grace WONG | Chief Inspector, Anti-Deception Coordinate Centre, Commercial Crime Bureau | ||
| Aaron CHENG | Chief Inspector, Senior Police Call and Community Engagement Section, Public Relations Wing | ||
|
Insurance Authority |
Clement CHEUNG, GBS, JP | Chief Executive Officer | |
| Joanne WONG | Senior Manager, Market Conduct Division | ||
|
Mandatory Provident Fund Schemes Authority |
CHENG Yan Chee | Managing 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 |
Julia LEUNG, SBS, JP | Chief Executive Officer | |
| Donald LAI | Associate Director (Secretariat and External) | ||
|
The Hongkong and Shanghai Banking Corporation Limited |
Luanne LIM | Chief Executive Officer, Hong Kong | |
| William CHIU | Director, Global Philanthropy, Global 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 |
Paulina LEONG | General Manager, Hong Kong and Macau | |
| Johnson HUI | Head of Corporate Communications, Hong Kong and Macau | ||
| Secretary | Investor and Financial Education Council | Michelle YEUNG | Head of Investor Education and Stakeholder Engagements |
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.Research and Evaluation Committee
The Research and Evaluation Committee was set up to provide advice and guidance on IFEC’s research and evaluation practices. The Committee comprises of members from the academia and financial education practitioners.
| Convenor | LI Yuen Chow, Dora | Investor and Financial Education Council |
| Members | CHOW Kwok Cheong, Arnold | Bank of China (Hong Kong) Limited |
| Professor CHUI Wing Hong, Eric | The Hong Kong Polytechnic University | |
| Professor LOU Wei Qun, Vivian | The University of Hong Kong | |
| Professor NGAI Sek Yum, Steven | The Chinese University of Hong Kong | |
| Professor YU Wai Mui, Christina | The Education University of Hong Kong |
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: 4 July 2024
