Asset-Based Policy in Hong Kong: Plans for a Child Development Fund

A Global Assets Project Initiative
The government of Hong Kong has reserved HK$300 million in its
2007 appropriations bill to establish a child development fund (CDF), featuring
children’s development accounts as a tool. In the words of Hong Kong’s
Financial Secretary, Mr. Henry Tang, the CDF is to “help disadvantaged
children and prevent intergenerational poverty.” 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.

Asset-Based Policy in Hong Kong: Plans for a Child Development Fund