Key facts
- Hong Kong ranks third globally for philanthropy, behind New York and Seoul.
- Altrata's Giving Opportunity Index ranked 100 cities.
- The index considered wealth, donor affinity, and philanthropic infrastructure.
- Hong Kong has over 15,000 registered charities.
- Over 3,300 single family offices are based in Hong Kong.
Hong Kong has been identified as the third-best city globally for wealthy individuals looking to engage in philanthropy, according to a study by Altrata. The city ranks behind New York and Seoul in the inaugural Giving Opportunity Index, which evaluated 100 cities based on wealth, donor affinity, and philanthropic infrastructure. Hong Kong has a long-standing tradition of philanthropy, with over 15,000 registered charities and a significant ultra-high-net-worth population. The city is also a major wealth management hub in Asia, attracting substantial net fund inflows. The Hong Kong government is actively promoting the city's role as a philanthropic center, with initiatives to enhance its attractiveness for private wealth owners and corporate philanthropy. In the past year, over 400 new charitable organizations were recognized, and approved donations exceeded US$1.5 billion in the 2024/25 assessment year. The city is also a hub for single family offices, with over 3,300 entities.