Hong Kong has secured the third position in the inaugural 'Giving Opportunity Index,' a study conducted by the US-based firm Altrata. The index evaluated 100 cities worldwide to determine their suitability for philanthropic activities among the ultra-wealthy. The rankings were determined by assessing three primary pillars: the concentration of wealth, the propensity of individuals to donate, and the existing philanthropic infrastructure within each city.

According to the findings, Hong Kong trails only New York and Seoul in its capacity to facilitate charitable giving. The study specifically targets individuals with a net worth exceeding $5 million, analyzing how these cities support their efforts to contribute to social causes. While the report highlights Hong Kong's strong standing, it serves as a benchmark for how global financial hubs are positioning themselves to attract and manage the charitable activities of their affluent residents. The index aims to provide a clearer picture of where the world's wealth is being directed in terms of social impact, rather than just financial growth.