{
  "id": 14658004,
  "title": "Hong Kong ranks third globally as philanthropy hub, behind New York and Seoul, study finds",
  "url": "https://urgent.news/2026/10/15/hong-kong-ranks-third-globally-as-philanthropy-hub-behind-new-york-14658004",
  "topic": "science",
  "section": "Science",
  "published": "2026-10-15T09:00:30.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/article/3371004/hong-kong-ranks-third-globally-philanthropy-hub-behind-new-york-and-seoul-study-finds"
  },
  "original_language": "en",
  "account": "Hong Kong has been ranked as the third best city globally for wealthy individuals to make philanthropic contributions, behind New York and Seoul, according to a study by Altrata. The index evaluated 100 cities based on three factors: wealth, donor affinity, and philanthropic infrastructure. Hong Kong's high ranking is attributed to its strong concentration of private wealth, extensive family-office and wealth-management infrastructure, and evolving family philanthropy culture. Compared to New York's 60 and Seoul's 49 scores, Hong Kong scored 47.2 out of 100. The study categorized the \"global wealthy\" as individuals with a net worth exceeding US$5 million, and \"donors\" as those who made at least one donation of US$1,000 or more between 2015 and 2025. North American ultra-wealthy donated the most, accounting for 46% of global giving by this group, while European ultra-wealthy contributed 35% more than in 2022, with a 42% increase in 2025. Women were found to be more actively involved in philanthropy than men, with a higher frequency of giving across various causes, despite comprising a smaller portion of the global wealthy population.",
  "summary": "Hong Kong has emerged as the third best city in the world for wealthy individuals seeking to make philanthropic contributions over the medium term, trailing New York and Seoul, according to a study by Altrata. The inaugural Giving Opportunity Index by the US-based group that tracks the world’s affluent population ranked 100 cities based on three criteria: wealth, donor affinity and philanthropic…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post - Hong Kong",
        "title": "Hong Kong ranks third globally as philanthropy hub, behind New York and Seoul, study finds",
        "url": "https://urgent.news/2026/10/15/hong-kong-ranks-third-globally-as-philanthropy-hub-behind-new-york",
        "published": "2026-10-15T09:00:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}