The Doing Good Index 2024 showed Hong Kong family offices lagging behind the Asian average – Kithmina Hewage at the Centre for Asian Philanthropy and Society and Jason Fong at InvestHK discuss the issue.
Hong Kong is home to more than 2,700 single-family offices and 15,000 charities. Yet according to the Doing Good Index 2024, only 8 per cent of social organisations in Hong Kong receive ongoing funding for capacity building from social delivery organisations (SDOs) such as philanthropists and family foundations, well below the Asian average of 15 per cent.
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