HSBC’s charity arm continues decades of work lending helping hand to Hong Kong community
The Hongkong Bank Foundation, founded in 1981, aims to care for the elderly, empower young people and cultivate a sustainable future
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HSBC is committed to the welfare of Hong Kong and always ready to support those in need
The year’s end is often a time when people look back and take stock of their past achievements and the lessons they have learned. For some, it may mean recalling memories of discovering new talents and dreams, or taking pride in achieving something great for yourself or others. Often, such successes will have been achieved thanks to a helping hand.
Since its founding in 1865, HSBC has been committed to enhancing the social well-being of disadvantaged communities in the city it calls home. The establishment of The Hongkong Bank Foundation in 1981 reflected the bank’s deep commitment to the welfare of the city.
Philanthropic efforts have people at their core
The work of the foundation is focused on three core areas – elderly care, youth development and sustainability – showing the bank’s recognition of the progress the city has made and its vision for supporting both the near and long-term future of its needy community.
Over nearly four and a half decades, HSBC has supported more than 10,000 projects through its foundation, while distributing more than HK$2.6 billion (US$334 million) in grants to address community needs.
However, the bank’s philanthropic efforts go beyond mere financial support. At the heart of the foundation’s mission is a people-centric approach. Since 1993, the HSBC Volunteers Scheme – formerly known as the Wayfoong Volunteers Scheme – has contributed more than one million hours to help disadvantaged communities, mentor young people and respond to environmental issues.
