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A man is dancing; image used for HSBC Malaysia Spirit of  We Can We Do article

Financial literacy ignites the spirit of We Can We Do

HSBC is committed to help you reach your financial goals through We Can We Do.

When the going gets tough, the tough stays resilient

Now is the time for our resilience to shine. In 2020, we are faced with the impact of the global pandemic but together, we will overcome the challenges.

The launch of We Can We Do signifies our commitment to support Malaysians in attaining their financial ambitions. We Can We Do is a localised version of the bank’s global brand philosophy: ‘Together we thrive’. Through this initiative, HSBC Malaysia aims to cultivate the Can-Do spirit in the local community by focusing on financial empowerment as a key enabler to help Malaysians achieve financial growth and freedom.

Despite the challenges we face today, our local mission is to help Malaysians reach their financial goals of tomorrow. Through the Can-Do spirit, we want to empower Malaysians, starting from a young age, to strive for more than what they have, achieve progression in their lives and achieve goals that they’ve always dreamt about. We believe this Can-Do spirit is important because it will drive Malaysians to do better and challenge the status quo to lead happier and healthier lives.

Financial literacy as the ignition for We Can We Do

According to Financial Behaviour and State of Financial Well-Being of Malaysian Working Adults 2018 (AFBES18), a third of Malaysians are uncomfortable with their financial knowledge. AFBES18 also highlights that 53% of Malaysian respondents face difficulties with raising even RM1,000 for emergencies. To address this gap, HSBC Malaysia is spearheading a mission to instill financial literacy amongst the local communities to enable Malaysians to take charge of their financial life.

At HSBC, we believe we can turn our Cans into Dos with better financial knowledge. A strong understanding of personal finances and business financial knowledge is key to nurture the Can-Do spirit.

Stuart Milne, CEO of HSBC Malaysia believes it is more important than ever for people to possess the ability to make informed financial choices regarding saving, investing and borrowing, especially in the current climate, because the decisions we make today will affect our tomorrow.

“As an organisation that understands the economic and societal impact of financial literacy, we strongly advocate a proactive approach to financial literacy and that it needs to start from a younger age. It is our collective responsibility to raise financially-savvy leaders of tomorrow and to break the cycle of financial illiteracy,” says Milne.

We would like to make financial literacy accessible to all Malaysians because it is a key enabler that leads us to progress, prosperity and success.

We Can We Do initiative includes curated roundtable sessions and financial masterclasses led by HSBC’s own financial experts, industry leaders and financial-savvy Malaysians from reputable finance publications. These roundtable sessions will cover topics on finance for individuals, entrepreneurs and business owners, which aim to equip participants with financial tools and the know-how to help them better plot their financial future.

Recognising the importance of instilling financial literacy from young, HSBC Malaysia has partnered with the non-profit organization, Teach For Malaysia (TFM), to design a Financial Empowerment Programme that uses a game-based approach to help children understand key financial concepts.

The programme, which will be rolled out through a five-module financial literacy toolkit, will simulate real-life scenarios to guide children on financial concepts such as setting goals, budgeting, savings, how to identify and handle financial scams and how to develop good spending habits.

HSBC will also be featuring a series of local ‘Can-Do’ Heroes that have turned “Can” into “Do” as part of the initiative to motivate and inspire Malaysians. These ‘Can-Do’ Heroes come from all walks of life – from differently abled entrepreneurs to national badminton players to young volunteers – and their remarkable stories are a true embodiment of the ‘We Can We Do’ spirit.

“As we adjust to the new normal, it is also critical that each one of our staff displays that Can-Do spirit and take the actions necessary to help our customers get back on their feet,” says Milne.

HSBC is committed to be with Malaysians on their journey to achieve financial freedom and dreams by imparting financial wisdom and offering financial solutions.

To learn more about We Can We Do, go to HSBC Malaysia’s Facebook page: https://www.facebook.com/HSBCMalaysia

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