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By Asia Education Review Team , Thursday, 18 April 2024

University of Chicago collaborates on financial education in Hong Kong

  • Funded and spearheaded by The Hong Kong Jockey Club Charities Trust, the "Jockey Club Financial Education for Students" project is a collaborative effort involving the University of Chicago Financial Education Initiative (UCFEI), the Education University of Hong Kong, Hong Kong Family Welfare Society, and CoCoon Foundation. The project's core objective is to introduce comprehensive financial education to upper primary school students in Hong Kong, ensuring inclusivity through timely learning materials, teacher training, and support resources.

    With a focus on equipping young learners with essential financial planning skills, the initiative aims to foster long-term financial well-being and personal fulfilment. By imparting financial knowledge, nurturing the right mindset, and enhancing decision-making competencies, the project aims to instil a crucial life skill that significantly impacts students' financial capabilities throughout their lives.

    Collaborating closely with local educators and global experts, the project provides teachers with top-notch teaching materials, professional development programs, and a supportive community. Additionally, it plans to conduct parent-child financial education workshops and seminars to promote a holistic approach to financial literacy.

    Rebecca Maxcy, UCFEI's director, views the collaboration as an exceptional opportunity to develop and pilot research-based materials on an international scale. The project aspires to revolutionize Hong Kong's financial landscape by empowering the next generation with the knowledge and skills required for financial success and personal well-being.

    UCFEI, established in July 2016, aims to advance robust financial education by developing tools, resources, and capacities. Leveraging expertise in learning science, curriculum design, digital tool development, assessment, and programming, UCFEI draws upon its experience with schools, students, and families to drive meaningful impact in the realm of financial literacy.