Wealth for Good summit: Hong Kong launches project linking charities with donors as part of latest charm offensive to lure global capital and talent

Name: SCMP
Telephone: +852-2680-8888

‘Impact Link’, or iLink, underscores Hong Kong’s determination to harness its strengths and resources to drive positive change and to assist family offices in using ‘wealth for good’: Financial Secretary Paul Chan

‘If you are putting your money in Singapore and Dubai, why not Hong Kong for diversification?’ NWD’s Cheng says

Reading Time:3 minutes

Why you can trust SCMP

Delegates at the summit would have learned ‘more about Hong Kong, about why Hong Kong is the pre-eminent choice’ for family offices, Chief Executive John Lee Ka-chiu says. Photo: Handout

Mia Castagnone

Published: 6:20pm, 27 Mar 2024Updated: 12:04am, 28 Mar 2024

Hong Kong is set to launch a database that will connect donors with charity projects, as the city strengthens its ability to assist family offices in their philanthropic efforts.

The project was announced at the annual Wealth for Good Hong Kong Summit, which brought together the global heads of ultra-rich family offices and their advisers.

“Impact Link”, or iLink, will come under the Hong Kong Academy for Wealth Legacy and will initially focus on healthcare, early biotech research, poverty alleviation and youth empowerment projects.

The project will serve as a comprehensive database, displaying charities in need of financial support, Financial Secretary Paul Chan Mo-po said during a gala dinner on Wednesday.

“By enabling meaningful connections between these projects and potential donors, we hope to expand transformative philanthropic ventures,” he said. “And, in doing so, [we will] reinforce our role as a global philanthropic hub for family offices.

“It underscores Hong Kong’s determination to harness its strengths and resources to drive positive change on a global scale, to assist family offices in using ‘wealth for good’.”