Asian philanthropy projected to reach US$1.5T over decade; HK corporate giving leads

A Commission on Asian Philanthropy interim report forecasts US$1.5 trillion in philanthropic giving across nine Asian jurisdictions over the next decade, with Hong Kong corporate contributions notably higher than regional peers. The Hong Kong Jockey Club Charities Trust separately reported giving equivalent to ~1.8% of the city's GDP. The figures signal a structural shift in regional capital allocation toward social investment, though projections depend on sustained economic growth and policy conditions.