Supporting safe investment through financial education - A Hong Kong Experience 9 Nov 2017 IEC was set up in the aftermath of Lehman Brothers Incident Photo credit: on.cc 2 UNIQUE INVESTING ENVIRONMENT IN HK 3 High penetration of investment products
Incidence of holding/trading any financial products in the past year 48% $ 59% of people made at least one investment in the past year 27% 14% 6%
In 2016, of the Hong Kong population was aged 65+ Level of confidence in being financially well-planned for retirement Very confident By 2036, this percentage will grow to 8 27
31% 41 65% 9 Not at all confident Source: Census and Statistics Bureau 15 Source: Source: OECD/INFE International Survey of Adult Financial Literacy Competencies, 2015 5
Most knowledgeable adults in 30-economy comparison but poor attitude on long-term planning score 6 1st Financial knowledge 4 2 0 l
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4 Attitudes towards long-term planning 29th 3 2 1 Base: N = 1,000 individuals aged 18-79 Source: OECD/INFE International Survey of Adult Financial Literacy Competencies, 2015 6 New opportunities and risks to investors
Close ties with Chinas financial markets Mutual market access schemes, e.g. Stock Connect, Mutual Recognition of Funds Fintech (P2P, ECF, ICO, Bitcoin etc) 7 HOW HK IS IMPLEMENTING THE OECD/INFE POLICY FRAMEWORK FOR INVESTOR EDUCATION 8
Cross-sector collaboration Provides resources to the public Drive momentum With emphasis on 3 distinct target groups Improve the populations financial literacy Families Working adults Retirees 9
Embedding investor education in prioritized segment programmes Secondary school students Stock Trading Guru board game workshop New-to-employment working adults Manage My Finance Programme Pre-retirees RetireWise Programme Elderly Health and Wealth Programme 10 Dynamic content and diversified delivery
Facebook Investor Portal Stock Connect Byline articles Video Regular studies & impact assessment Press reporting IECs survey findings Programme evaluation 12 LESSON LEARNT - THE CONSEQUENCE OF
INSUFFICIENT INVESTOR EDUCATION 13 In 2011, after almost three years of an on-going saga, sixteen financial institutions agreed to buy back Lehman's financial products they sold to investors for roughly US$0.81bn. Photo credit: Apple Daily 14 But the emotional turmoil suffered by the investors and the social cost is beyond measurement. Photo credit: Apple Daily 15
Chapter 19 Section 2 Reducing Solid Waste Reducing Solid Waste Source reduction is any change in the design, manufacture, purchase, or use of materials or products to reduce their amount of toxicity before they become municipal solid waste.
LSR Specific Requirements - Clamping Unit . Clamping Unit. Mold area for peripheral equipment, core pulls, automation, connections. Tonnage Requirements for Silicone, part surface area, 2-3 tons per square inch.
matching. In Proceedings of the Conference on Empirical Methods in Natural Language Processing (EMNLP-05). 2005.  HendrikBlockeel and Luc De Raedt. Top-down induction of logical decision trees. In Artificial Intelligence, 1998.  J. Bos and K. Markert. Recognizing textual entailment...
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sacro caudal dorsal medial apófisis espinosas vertebrales sacras y caudales. apófisis mamilares de las vértebras caudales desde la quinta hasta la última. Dirige la cola dorsalmente o, actuando unilateralmente, la eleva hacia un lado. Arterias vertebrales lumbares. Ramos dorsales de...
Noun Clauses beginning with a Question Word Chapter 14 - Noun Clauses ... a sentence beginning with "I wonder" or "I don't know" and then puts the information from the question into noun clause word order. Is it going to...