Charitable spirit passes on
At the “Family Office Seminar 2023”, Chairman Mr. Peter Cheng stated that Philanthropy is an essential
element of family culture, Philosophy, and values inheritance.
Dr. Cheng Yu Tung, founder of the Chow Tai Fook Charity Foundation, was a lifelong philanthropist who
generously donated to education, community, healthcare, and other fields since the 70s. In 2012, he
established the Chow Tai Fook Charity Foundation, which focuses on public welfare and promotes a culture of charity.
As the chairman of Chow Tai Fook Charity Foundation, Mr. Peter Cheng is enthusiastic about public welfare, shouldering the family philosophy, inheriting and promoting the noble spirit of Dr. Cheng Yu Tung’s active benevolence, dedicating himself to supporting vulnerable communities in society.
Hong Kong’s wealth gap reaches ‘tipping point’ under Covid as unemployment rises among poor, Oxfam says
The pandemic has worsened Hong Kong’s wealth gap, with the city’s poorest making 47 times less than its richest residents, Oxfam Hong Kong has said. In the pre-Covid era, the highest earners made 34.3 times more.
Record number of people gave to charity globally in 2021
A record number of people donated money to charities or assisted strangers in 2021 after three-year long reduction in 2018, according to the World Giving Index 2022.
At the other end of the spectrum, half of the countries or regions which declined the most in 2021 included Hong Kong, down by 13 percentage points.
The Future of Family Philanthropy
In a time of complicated transitions and historical opportunities, philanthropic families must reflect on their purpose, pace, power, and practices.
Stanford Social Innovation Review shared four key considerations which are food for thoughts.