Philanthropic giving in nine Asian jurisdictions is projected to hit US$1.5 trillion over the next decade, while corporate contributions play a larger role in Hong Kong than in many regional peers, according to a new report released at a Jockey Club forum.The Commission on Asian Philanthropy released its interim report on Monday. In a separate report, the Hong Kong Jockey Club Charities Trust said the club had generated economic value equivalent to about 1.8 per cent of the city’s gross domestic product (GDP) in the 2024-25 financial year.Both reports were released on the opening day of the Jockey Club’s PBC (Philanthropy for Better Cities) Forum 2026, which marked the event’s 10th anniversary and brought together about 2,000 delegates from across philanthropy, sport, government, business and academia.Organisations taking part in the two-day forum included the Gates Foundation, founded by American tech pioneer Bill Gates and his ex-wife Melinda French Gates, and the Yao Foundation, the non-profit charity founded by former NBA star Yao Ming.At the opening ceremony, Jockey Club chairman Martin Liao Cheung-kong said the forum had given Hong Kong an opportunity to “showcase its credentials” as a global hub, while reinforcing its role as a bridge between East and West.“We are gathering at a critical time,” he said. “Philanthropy is growing in importance because governments are no longer alone in confronting the world’s most profound challenges.