[Fraud Prevention] Financial Supervisory Commission's Hsu Cheng-yu: Combining regulation, education, and law enforcement to elevate financial literacy levels

2026-03-10 12:16:22

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The Secretary for Financial Services and the Treasury, , stated that Hong Kong, as an international financial center, shares the responsibility of maintaining market fairness, transparency, and investor confidence. Enhancing the public’s financial literacy and awareness of financial scams is a crucial foundation. The goal is to build an ecosystem that combines regulation, education, and law enforcement to elevate financial literacy education to a higher level and establish a society with sound and resilient finances.

Highly Emphasizing Investor Education

He pointed out that the government has always placed great importance on investor education. Through diverse channels and innovative approaches, it strengthens the public’s financial literacy, raises awareness of financial scams, improves understanding of financial products, and reminds citizens to be cautious of digital financial risks.

Over 200 Financial Education Activities for the Elderly Last Year

To improve working adults’ and seniors’ understanding of retirement financial planning and related products, he mentioned that the Investor and Financial Education Council (IFEC) continues to hold in-person and online seminars on topics such as setting retirement budgets, establishing cash flow, retirement investment strategies, coping with longevity risk, inflation, medical expenses, and scam prevention. Last year alone, IFEC organized over 200 activities for seniors.

Youth Dormitories Expand Financial Education Program to New Dormitories and “Connect Youth Network”

Regarding youth financial literacy and information promotion, he noted that from March last year to February this year, the IFEC held more than 30 personal finance seminars and workshops for over 1,800 college students and working youth. This year, the council will continue collaborating with the Civil and Youth Affairs Bureau to extend the youth financial education program to newly launched youth dormitories and the “Connect Youth Network.”

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