Partnership

Community Education programme on Financial Education

Date of issue: 2021-11-10

Aiming at improving the financial status of low-income families by enriching them with a positive concept of making savings and having loans, the Hong Kong Association of Banks (HKAB) and the Hong Kong Council of Social Service (HKCSS) have collaborated in a partnership since 2011, running financial education workshops for the low-income groups. As of 2021, there were 126 Financial Education workshops being organized by volunteers of 21 bank members under HKAB with support of 21 NGOs, reaching over 4,300 participants in different communities!

In view of the increasing number of teenagers living paycheck to paycheck due to lacking of budgeting, workshops specifically designed for youth have been added since 2018 in order to strengthen their ability of setting financial goals by developing saving habit and aware of financial risk when making loans, which is essential for life-long planning.

Through case studies, group discussions and interactive games at the workshops, participants learn the importance of proper financial management and key concepts of making savings and having loans. Moreover, participants are encouraged to join the Saving Challenge after the workshop to set up short-term financial goals and saving plans, applying the skills learnt in their daily lives.

Event Review

Introducing financial knowledge by the voluntary speakers from banks

One of the interactive games in the workshop

Participants are very engaged in joining the workshop and sharing their daily experience

Supporting Organisations