Youth get financial planning support

The kick-off ceremony of the Youth Financial Education Programme, launched by the Home & Youth Affairs Bureau and the Investor & Financial Education Council, was held Tuesday.

It was announced in the 2023 Policy Address that the Government would launch a pilot scheme to provide young people with financial planning and counseling services as well as information on financial management, saving and investment that suits individual needs.

The Youth Financial Education Programme will be implemented on a pilot basis, at the five youth hostels under the Youth Hostel Scheme to help young people with developing an effective financial management plan.

Under the programme, a series of online resources and activities including story-telling sessions on financial planning and interactive learning activities will be introduced in the coming months.

Speaking at the ceremony, Secretary for Home & Youth Affairs Alice Mak said the program aims to help young people customize their own financial plans and goals, so that they will develop good habits for managing personal finances and investment.

She hopes that young people will utilize the financial education resources to actively enhance their knowledge, attitude and ability in personal finance management during their stay in the hostels, and engage in personal financial planning as well as life planning.

After the kick-off ceremony, Miss Mak participated in the first story-telling session on financial planning with the guests and youth tenants.