News - South China Morning Post
· collected 2026-09-07 · by Connor Mycroft
A report from The Commission on Asian Philanthropy forecasts that philanthropic giving in Asia will reach $1.5 trillion over the next decade. According to a separate report by the Hong Kong Jockey Club Charities Trust, corporate giving makes up the largest share of philanthropic spending in Hong Kong. The report also notes that the trust contributed around 1.8% of Hong Kong's GDP in the 2024-25 financial year. The forecasts and reports were released at a forum attended by philanthropists, social entrepreneurs, and policymakers to discuss the growing importance of philanthropy in addressing global challenges.
Written by the local model on 2026-09-07,
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Story summary
The Commission on Asian Philanthropy has released an interim report predicting that philanthropic giving in Asia will reach $1.5 trillion over the next decade. In related news, the Hong Kong Jockey Club Charities Trust reported that it contributed 1.8% of Hong Kong's GDP in the 2024-25 financial year. The trust's contribution was highlighted at the start of the PBC (Philanthropy for Better Cities) Forum 2026, a gathering of philanthropists and policymakers in Hong Kong. According to Jockey Club chairman Martin Liao Cheung-kong**, the forum aims to showcase Hong Kong as a global hub and reinforce its role as a bridge between East and West. Philanthropy is becoming increasingly important as governments face complex social challenges, and communities, businesses, and civic society are working together to address these issues. The forum brought together philanthropists, social entrepreneurs, policymakers, and others to discuss how to tackle the world's most profound challenges.
Written for “Philanthropy in Asian Markets” on 2026-09-07,
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No political leaning scored for article 6482 · logged 2026-09-07
Philanthropic giving in Asia forecast to hit US$1.5 trillion over next decade
Corporate giving makes up the largest share of philanthropic spending in Hong Kong, report says
The Commission on Asian Philanthropy released its interim report on Monday, while the Hong Kong Jockey Club Charities Trust revealed in a separate report that it had contributed around 1.8 per cent of the city’s gross domestic product (GDP) in the 2024-25 financial year.
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it → hit → year
Both reports were released on the first day of the Jockey Club’s PBC (Philanthropy for Better Cities) Forum 2026, which brought philanthropists, social entrepreneurs and policymakers, among others, to the city.
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which → release → city
At the opening ceremony, Jockey Club chairman Martin Liao Cheung-kong said the forum had provided Hong Kong with an opportunity to “showcase its credentials” as a global hub and reinforced its role as a bridge between East and West.
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forum → say → East
“We are gathering at a critical time,” he said.
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he → gather → time
“Philanthropy is growing in importance because governments are no longer alone in confronting the world’s most profound challenges.
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governments → grow → challenges
“Today, communities, businesses and civic society are all grappling with ever more complex social needs, demographic shifts, technological disruption and the pressing realities of climate change.”
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communities → grapple → change
