Hong Kong is known to have a strong philanthropy history with leading donors, a financial hub, a gateway to Mainland China, and a deep talent pool in private wealth management. How can Hong Kong strengthen its attractiveness for private wealth owners, both individual and corporate, to engage in philanthropy? The Centre for Asian Philanthropy and Society (CAPS) released a study sponsored by the Better Hong Kong Foundation (BHKF) on what a philanthropy hub is and what Hong Kong would need to do to become the pre-eminent philanthropy hub in Asia.
Jointly organized by the CAPS and BHKF and supported by the ASHK, a luncheon forum entitled “Hong Kong as a Philanthropy Hub” was held on 23 February 2023 where participants could hear a keynote address from Mr. Christopher Hui, Secretary of Financial Services and the Treasury of the HKSAR Government, a presentation of the study by CAPS Co-Founder and Chief Executive Dr. Ruth Shapiro, and a conversation with the distinguished panelists on the potential, the strengths, and the needs of Hong Kong as a philanthropy hub. The panelists included President of Christie’s Asia Pacific Mr. Francis Belin, Chairman of the Financial Services Development Council Mr. Laurence Li, Director-General of Investment Promotion of Invest Hong Kong Mr. Stephen Phillips, Chief Executive Officer of J.P. Morgan Private Bank in Asia Ms. Kam Shing Kwang, Head and Chief Executive of UBS Hong Kong Ms. Amy Lo, and Regional Head of HSBC Private Banking, Asia Pacific Ms. Tan Siew Meng. Mr. Ronnie Chan, Executive Committee Chairman of BHKF cum Chairman of CAPS gave an opening remark and moderated a panel discussion. The Foundation’s Executive Director Ms. Karen Tang gave a vote of thanks to conclude the event.
Please click here to download the full report.
(L to R) Ms. Kam Shing Kwang, Mr. Stephen Phillips, Ms. Amy Lo, Ms. Karen Tang, Mr. Ronnie Chan, Mr. Christopher Hui, Dr. Ruth Shapiro, Mr. Laurence Li, Ms. Alice Mong and Ms. Tan Siew Meng