Publication Date



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.

Document Type

Policy Brief


Financial Inclusion


Global Asset Building

Original 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.


Hong Kong: Child Development Fund


Asia, GAP, CDA, child development account