Heung To Middle School clinch the Hong Kong Liberal Studies Financial Literacy Championship
• In its fourth year, the program teaches high school students to better plan and manage their personal finance;
• This year, the program added new content on protecting payment-related data online
Students from Heung To Middle School won this year’s Hong Kong Liberal Studies Financial Championship, beating more than 6,000 other students from 111 schools. The first runner-up is St. Joseph’s College and the second runner-up is St. Paul’s School (Lam Tin).
The final round of the city-wide, inter-school competition was held last Friday (July 6) at the Hong Kong Exchanges and Clearing, concluding the three-month long Hong Kong Liberal Studies-Financial Literacy Championship program.
Launched in March this year, the competition ran for a month and aimed to improve secondary school students’ practical money skills in the digital era. Students had access to financial literacy resources on the dedicated website before taking the online quiz. This year’s topics also include data privacy and how to best protect personal payment data online.
Caroline Ada, Country Manager of Visa Hong Kong and Macau: “Visa is proud to be part of Hong Kong’s cross-sectoral efforts to address financial education needs in Hong Kong. This year, we added new content on protecting one’s personal payment data as more transactions take place online. By helping them to become financially aware of today’s risks as well as opportunities, we want to help students build a strong foundation for financial well-being that they can apply in real life.”
A recent survey conducted by the Education University of Hong Kong found that most Hong Kong students (90 percent) recognized the importance of making informed financial decisions, but three in five (59 percent) admitted to difficulties covering their expenses 1.
Victor Cheng, Executive Director, Hong Kong Education City: “The Hong Kong Liberal Studies Financial Literacy Championship is a mix of eLearning, diverse experiential learning and city-wide school competition. It aims to empower students to apply both the subject-based knowledge and financial literacy skills they have learnt in daily life. Meanwhile, teachers can customize their teaching strategies and cater for learning diversity through Hong Kong Education City’s online learning platforms, which provide students’ learning data for them to address individual learning needs in terms of knowledge, skills and values. Ultimately, each student is fully equipped to face the future challenges when they enter society and go on to pursue their dreams.”
For nearly two decades, Visa's financial literacy programs have educated millions of children and adults in more than 30 countries on how to manage their money. These programs are all designed with one goal in mind: To ensure that as individuals gain access to financial services, they do so with a sound understanding of money management.
About Hong Kong Liberal Studies-Financial Literacy Championship Online Quiz 2018
The Hong Kong Liberal Studies-Financial Literacy Championship Online Quiz 2018 aims to test and equip students on managing their money in the digital age. Nearly 35,000 students from 267 secondary schools in Hong Kong have taken part in this competition since its launch in 2014. The school-based financial experiential game, Million Castle, also forms part of the Championship with the aim to help secondary school students learn basic knowledge of financial management, make the best financial planning and understand future development and Internet risks.
Please refer the program details and full award winner list on: www.hkedcity.net/iknowquiz
1 The study was conducted by the Department of Education Policy and Leadership of the Education University of Hong Kong and the Hong Kong Economic Journal in March 2018, with 1,270 secondary school students aged between 15-19 on their attitudes to financial planning.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Its mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Its advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network and scale to reshape the future of commerce. For more information, visit usa.visa.com/aboutvisa, visacorporate.tumblr.com and @VisaNews.