Opinion | Hong Kong is poised to be Asia’s regional philanthropy hub
- The city has a long history of private investment in welfare and a culture that promotes individual social responsibility
- Coupled with its existing role as a global centre of business and commerce, Hong Kong is well positioned to lead Asia in addressing social needs
There has been talk in recent months about which Asian city is best positioned to become a regional hub for philanthropy. Hong Kong is the obvious and natural choice for four reasons.
First, Hong Kong has a long and impressive history of philanthropy shaped by three forces: British colonialism, Chinese values and a laissez faire state. When the British ruled Hong Kong, they followed a policy of “positive non-intervention”, which meant that trade was the focal point of government, while delivering social services such as health and education remained for the most part outside the government’s remit.
Fortunately, Chinese clan traditions and Christian missionary activities filled the void, with non-profits, still among the most important today, playing a critical role in delivering social services. Storied organisations such as Tung Hwa hospitals, St James' Settlement and Haven of Hope were established during the colonial era and continue to thrive in a city where the government takes a somewhat non-interventionist approach.
Just as importantly, Hong Kong people are, as a whole, generous. According to our centre’s Doing Good Index, donations from individuals account for 32 per cent of the budgets of charities in Hong Kong.
