Opening Ceremony

Michael Lee, Chairman of the Hong Kong Jockey Club, opened the Philanthropy for Better Cities Forum (PBC) 2024 by highlighting how this event reflects Hong Kong's deep commitment to philanthropy. This year’s PBC brought together nearly 100 eminent speakers and more than 2,000 delegates from 40 countries and regions, including representatives of over 200 local, regional, and global foundations. 

The Club’s Chairman said, “In Asia – home to the most populous nations and fastest-developing economies – we are experiencing rapid growth in philanthropic giving commensurate with the region’s rising prosperity through development. However, Asian philanthropy requires properly contextualised models and solutions to account for varied political, economic and cultural contexts that are different from established, largely Western models. Unlocking its full potential will be crucial in addressing shared social and environmental challenges most effectively.”

Through a video address at the forum, HKSAR Chief Executive John Lee said, “This forum is testament to Hong Kong’s commitment to philanthropy. It is proudly presented by The Hong Kong Jockey Club and its Charities Trust, a long-standing leader in championing our philanthropic endeavours.” He added, “The HKSAR Government is committed to Hong Kong’s rise as a global centre for philanthropy. That goal was formalised in our Policy Statement on Developing Family Office Businesses in Hong Kong. Our vision is to provide philanthropists with the tools they need to manage their wealth, while channelling their resources into social initiatives that create tangible impact. We are determined to realise Hong Kong as a go-to destination for global family offices passionate about making a difference.”

Our Institute of Philanthropy, launched at last year’s PBC, also promotes such work. It has partnered with the Rockefeller Foundation to strengthen global health resilience and support the WHO to safeguard the health of populations affected by climate change. This year’s Forum also marks the launch of the Commission on Asian Philanthropy, co-convened by the Institute of Philanthropy and Asia Philanthropy Congress, which aims to professionalise the sector and amplify Asia’s philanthropic influence.