Philanthropic giving in Asia forecast to hit US$1.5 trillion over next decade

Philanthropic giving in nine Asian jurisdictions is projected to hit US$1.5 trillion over the next decade, while corporate contributions play a larger role in Hong Kong than in many regional peers, according to a new report released at a Jockey Club forum. 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...