Private bank Coutts has revealed in a recent report that almost HK$7 billion was donated to charities by 47 Hong Kong philanthropists.When converted to US dollars it's $877 million, and this compares the city to the United States ($13.96 billion), the Middle East ($727 million) and $1.18 billion from China.
Coutts Institute director Mark Evans says the actual total amount of donations in the city could be even higher, as only publicly recorded donations were tallied.
This seems like a good solution, and one that benefits the community and society as a whole. Hong Kong needs patrons who will take the lead in solving or at least alleviating social issues because the government seems to hem and haw over minor details.
So while all this money for goodwill is amazing, who is making sure it is going to all the right places? That's what needs to be answered.