As Philosophy for Children (P4C) is increasingly favored as an educational approach in other regions, the absence of P4C in traditional schools in Hong Kong raises controversy regarding its benefits for Hong Kong students. This paper investigates the potential of implementing P4C in Hong Kong by exploring the features of values education in Hong Kong primary schools. The study employs Stake's curriculum evaluation model for systematic evaluation and suggests that P4C helps bridge the gap between the Intended Curriculum and the Observed Curriculum in the Transactions and Outcomes aspect, addressing the shortcomings of Moral and Civic Education (MCE). This study discusses the possibility of using the P4C approach for values education by comparing P4C and MCE educational principles, pedagogies, and learning outcomes. The two share similarities, indicating the possibility of integrating P4C into values education.