Cici Cao
Hong Kong Exchanges and Clearing's (0388) chairman Carlson Tong Ka-shing said the bourse operator will enhance financial literacy education for "the resilience of investors and the health and sustainability of markets" at an annual event in support of World Investor Week 2024.
He said investors have keen interest, saying a survey shows 58 percent of Hong Kong adults have made investments, as the government received HK$7.3 billion in stamp duties in just 10 trading days.
The event, billed the "Strike the Gong for Financial Literacy," was co-hosted by the Investor and Financial Education Council and HKEX.
The chairman of the Securities and Futures Commission, Tim Lui Tim-leung, said in his keynote speech that SFC will, together with IFEC, fully support investor education, while investors must take up the responsibility to educate themselves against potential risks.
The Shanghai-Hong Kong Stock Connect will celebrate its 10th anniversary next month, and it has driven a net inflow of funds into the Shanghai and Shenzhen stock markets exceeding 2.6 trillion yuan (HK$2.86 trillion), Lui added.
The event aims to inspire young people to utilize IFEC's tools and resources for managing their investments and finances, according to IFEC.
In other news, the Hong Kong government expects over 30,000 participants at the ninth FinTech week where it will announce the policy declaration on the responsible use of AI in the financial services sector.
This year's FinTech Week will be launched from October 28 to November 1, with the theme of illuminating new pathways in fintech.
Tim Lui, left, and Carlson Tong. SING TAO
