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BackHong Kong Jockey Club Charities Trust contributes 1.8% of city's GDP in 2024-25
Hong Kong Jockey Club Charities Trust contributes 1.8% of city's GDP in 2024-25
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SCMP Economy1 hour agoBusiness1 min readChina

Hong Kong Jockey Club Charities Trust contributes 1.8% of city's GDP in 2024-25

hong kong jockey clubcharities trustgdp contribution

Quick Look

  • The Commission on Asian Philanthropy released an interim report on Monday, while the Hong Kong Jockey Club Charities Trust revealed it contributed approximately 1.8% of Hong Kong's GDP in the 2024-25 financial year.
  • Both reports were issued on the opening day of the Jockey Club's PBC Forum 2026, where chairman Martin Liao Cheung-kong emphasized philanthropy's growing role in addressing global challenges such as climate change, technological disruption, and demographic shifts.

AI-generated summary

Why It Matters

The reports were released amid growing recognition of philanthropy's role in addressing complex social issues that governments alone cannot solve, including climate change, technological disruption, and demographic shifts.

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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.

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.

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.

“We are gathering at a critical time,” he said. “Philanthropy is growing in importance because governments are no longer alone in confronting the world’s most profound 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.”

Open Questions

  • What specific initiatives did the Hong Kong Jockey Club Charities Trust fund in 2024-25?
  • How does the 1.8% GDP contribution compare to previous years or other philanthropic organizations in Hong Kong?
  • What are the key findings of the Commission on Asian Philanthropy's interim report?

Related Topics

hong kong jockey club
PeopleMartin Liao Cheung-kong
OrganizationsCommission on Asian PhilanthropyHong Kong Jockey Club Charities TrustHong Kong Jockey Club
PlacesHong Kong
Topicscharities trustgdp contributionphilanthropy forummartin liao cheung-kongasian philanthropy commissionbetter cities
This article was originally published by SCMP Economy.

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