Asset Building Briefs & Summaries Financial Inclusion

Asset-Based Policy in Hong Kong: Child Development Fund

The government of Hong Kong officially launched the HK$300 million Child Development Fund (CDF) in November 2008. In the words of Hong Kong’s Secretary for Labor and Welfare, Mr. Matthew Cheung Kin-chung, the CDF’s purpose was to “capitalize on the strengths of various sectors in the community to help our disadvantaged children.” The Hong Kong government drew upon the asset-building research and experience of the Center for Social Development (CSD) at Washington University in St. Louis. In November 2006, Michael Sherraden of CSD delivered a keynote address at the Child Development Forum organized by the Hong Kong Government’s Commission on Poverty, where initial plans and options were considered.

Citation

Sherraden, M., & Zou, L. (2010, October). Asset-based policy in Hong Kong: Child Development Fund (CSD Policy Brief No. 10-38). St. Louis: Washington University, Center for Social Development.