The Rise of the Middle-Class Donor in Hong Kong

The Rise of the Middle-Class Donor in Hong Kong: Hong Kong is a charitable place. Hong Kong recently earned a respectable 19th place in Charities Aid Foundation’s The World Giving Index 2012 and 9th in the five-year ranking. According to the Hong Kong Government’s Inland Revenue Department, charitable donations amounted to over HK$9.2 billion (US$1.18 billion), comprising HK$3.73 billion and HK$5.5 billion (US$478 million and US$705 million) from corporations and individuals respectively in the 2010-11 tax year. The generosity of Hong Kong citizens has bred the proliferation of 7,194 approved charitable organizations as of March 2012.