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One of the world's richest men is pushing to make Hong Kong a "philanthropic hub" in the region.
The city's chief executive, Leung Chun-ying, says he wants to make it "a bridge between China and the world to promote Hong Kong as a regional philanthropic hub," the South China Morning Post reports.
The tycoonwhose fortune is estimated at around $10 billion, per Forbessays he wants to create a "philanthropic ecosystem" in which philanthropists from across the region can come to Hong Kong and donate to causes close to their hearts.
"Hong Kong has unique advantages in philanthropy, asset management, and its role as a bridge between China and the world to promote Hong Kong as a regional philanthropic hub," the Hong Kong Council of Social Service says in a press release.
"The goal is to cultivate talent, attract philanthropic capital, and facilitate cross-sector collaboration through a collective platform."
It's not the first time Leung has made headlines for his philanthropy.
In 2013, he gave away most of his fortune to the Hong Kong Academy for Wealth Legacy and the Hong Kong Institute of Philanthropy.
(In the US, Bill Gates gave away most of his fortune to the Bill and Melinda Gates Foundation.) Read the Entire Article
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