Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) the launch of the HKEX Impact Funding Scheme, a new HKEX Foundation charitable programme.
HKEX Foundation will this year allocate $10 million to the Impact Funding Scheme to support short-to-medium term local community projects run by local NGOs, with a focus on four themes; Financial Literacy, Diversity and Inclusion, Poverty Relief, and Environmental Sustainability. The Scheme will target some of the most needy in the community, and also specifically seek to support innovation in service and solution provision for key social and environmental challenges.
HKEX Chairman Laura M Cha said: “HKEX Foundation is very proud to be launching this programme as part of its overall philanthropic initiatives. In the last 12 months, HKEX Foundation has channeled more than $174 million to those most in need in Hong Kong and beyond. This new Impact Funding Scheme will enhance our outreach, channeling another $10 million to support small proactive charities, without other major support, to run projects that brings positive changes to our community.”
“The HKEX Impact Funding Scheme, in partnership with Hong Kong Council of Social Service, will extend our commitment to the most vulnerable people in Hong Kong, reflecting HKEX’s commitment to our collective future.”
The HKEX Impact Funding Scheme will be managed by the Hong Kong Council of Social Service. The Scheme is now open for application until 11 August. Please refer to the HKEX Group website for further details.
About HKEX Foundation
HKEX Foundation was established in June 2020 to deepen HKEX’s connectivity and long-standing commitment to addressing the social and environmental challenges faced by our communities. It is a recognised charitable entity under Section 88 of the Inland Revenue Ordinance. HKEX Foundation supports those in need through partnerships with local charities and funding projects across four focus areas: Financial Literacy, Diversity and Inclusion, Poverty Relief, and Environmental Sustainability.
Hong Kong Exchanges and Clearing Limited (HKEX) is one of the world’s major exchange groups, and operates a range of equity, commodity, fixed income and currency markets. HKEX is the world’s leading IPO market and as Hong Kong’s only securities and derivatives exchange and sole operator of its clearing houses, it is uniquely placed to offer regional and international investors access to Asia’s most vibrant markets.
HKEX is also the global leader in metals trading, through its wholly owned subsidiaries, The London Metal Exchange (LME) and LME Clear Limited. This commodity franchise was further enhanced with the launch of Qianhai Mercantile Exchange (QME), in China, in 2018.
HKEX launched the pioneering Shanghai-Hong Kong Stock Connect programme in 2014, further expanded with the launch of Shenzhen Connect in 2016, and the launch of Bond Connect in 2017.