Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

HONG KONG, Sept. 9, 2024 /PRNewswire/ -- The Hong Kong Jockey Club Charities Trust convened its fourth Philanthropy for Better Cities (PBC) Forum 2024 at West Kowloon Cultural District today (9 September). It ushered in Hong Kong Philanthropy Week, in keeping with the HKSAR Government's mission to promote the city as an international philanthropy hub.

The two-day PBC Forum provides a platform for foundations, thought-leaders, policymakers, non-governmental organisations and experts from around the world to convene, engage in dialogue and share transformative ideas on translating philanthropic action into tangible, sustainable impact. Under an overarching theme of "Delivering Impactful Philanthropy in the Real World", the forum features keynote speeches and panel discussions. It brings together nearly 100 eminent speakers and more than 2,000 delegates from 40 countries and regions including representatives of over 200 local, regional and global foundations.

The Club's Charities Trust convened the forum in association with the Institute of Philanthropy (IoP), a charitable organisation launched by the Club and its Trust at the opening of the third PBC Forum in September 2023.

Through a video address at the forum, HKSAR Chief Executive John Lee said, "This forum is testament to Hong Kong's commitment to philanthropy. It is proudly presented by The Hong Kong Jockey Club and its Charities Trust, a long-standing leader in championing our philanthropic endeavours." He added, "The HKSAR Government is committed to Hong Kong's rise as a global centre for philanthropy. That goal was formalised in our Policy Statement on Developing Family Office Businesses in Hong Kong. Our vision is to provide philanthropists with the tools they need to manage their wealth, while channelling their resources into social initiatives that create tangible impact. We are determined to realise Hong Kong as a go-to destination for global family offices passionate about making a difference."

Officiating at the opening ceremony of this year's forum was HKSAR Government Chief Secretary for Administration Chan Kwok-ki, the Club's Chairman Michael Lee and Club CEO Winfried Engelbrecht-Bresges.

In his welcome speech at the opening ceremony, the Club's Chairman said, "In Asia – home to the most populous nations and fastest-developing economies – we are experiencing rapid growth in philanthropic giving commensurate with the region's rising prosperity through development. However, Asian philanthropy requires properly contextualised models and solutions to account for varied political, economic and cultural contexts that are different from established, largely Western models. Unlocking its full potential will be crucial in addressing shared social and environmental challenges most effectively."

Leading foundations participating in this year's PBC Forum include the Bill & Melinda Gates Foundation, China Soong Ching Ling Foundation, Nippon Foundation, Rockefeller Foundation, Tanoto Foundation, Temasek Foundation, Tencent Charity Foundation and the Wellcome Trust.

Julia Gillard – Chair of the Wellcome Trust, Chair of the Global Institute for Women's Leadership and former Prime Minister of Australia – delivered today's opening keynote entitled: "East is East and West is West: how does philanthropy differ and how can we best work together?"

Professor Michael Spence – 2001 Nobel Laureate in Economics, Philip H. Knight Professor and Dean Emeritus of the Stanford Business School and Senior Fellow, Hoover Institution of Stanford University – delivered the second keynote entitled: "The economics of giving: what makes us give? What stops us from giving more?"

Additionally at the forum, representatives from the Department of Health of the HKSAR Government, the Club and IoP witnessed the signing of a Memorandum of Collaboration between the Chinese Center for Disease Control and Prevention and three local universities to strengthen capacity for monitoring and responding to epidemics in the Greater Bay Area. The local institutes are the Hong Kong Jockey Club Global Health Institute at the University of Hong Kong, the Jockey Club School of Public Health and Primary Care at the Chinese University of Hong Kong and the Jockey Club College of Veterinary Medicine and Life Science at the City University of Hong Kong. The memorandum follows the "One Health" approach which the Club has long supported including through the establishment of these university institutes.

This year the forum programme spans five days. It began with a welcome luncheon at the opening of Hong Kong's 2024/25 horseracing season on 8 September, followed by the two-day forum. The Foundations Circle and additional side-events will be convened by IoP on 11 and 12 September. In addition, the Hong Kong Academy for Wealth Legacy will also host a three-day summit from 12-14 September, rounding out Hong Kong Philanthropy Week.

The Club's support for the PBC Forum, like all of its charity and community initiatives, is made possible by its unique integrated business model through which racing and wagering generate tax contributions, charity support and employment opportunities for the community.

The Hong Kong Jockey Club
Founded in 1884, The Hong Kong Jockey Club is a world-class racing club that acts continuously for the betterment of our society. The Club has a unique integrated business model, comprising racing and racecourse entertainment, a membership club, responsible sports wagering and lottery, and charities and community contribution. Through this model, the Club generates economic and social value for the community and supports the HKSAR Government in combatting illegal gambling. In 2023/24, the Club returned a total of HK$40.1 billion to the community. This included HK$29.9 billion to the HKSAR Government in duty, profits tax and Lotteries Fund contributions and HK$10.2 billion in approved charity donations. The Club is Hong Kong's largest single taxpayer and one of the city's major employers. Its Charities Trust is one of the world's leading charity donors. Please visit www.hkjc.com.

Institute of Philanthropy
The Institute of Philanthropy was established in September 2023 through a strategic seed grant of HK$6.8 billion (US$870 million) from The Hong Kong Jockey Club and its Charities Trust. Established as an independent "think-fund-do" tank for China and Asia, IoP is dedicated to promoting philanthropic thought leadership and enhancing sector capabilities at local, regional and global levels in collaboration with fellow funders. It seeks to provide an Asia-based platform bringing global stakeholders together to promote the betterment of societies everywhere. 

Photos can be downloaded from the website of The Hong Kong Jockey Club (www.hkjc.com/english/corporate/corp_news.asp).

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Jockey Club launches Philanthropy for Better Cities Forum 2024, ushering in Hong Kong Philanthropy Week

Chunghwa Telecom leverages its widest and fastest 5G mobile network to better assist customers with digital transformation and meet the demands of smart applications.

SAN ANTONIO, Sept. 17, 2024 /PRNewswire/ -- Frost & Sullivan recently researched the telecom and 5G industries in Taiwan and, based on its findings, recognizes Chunghwa Telecom with the 2024 Taiwanese Company of the Year and Customer Value Leadership Awards. The company is an integrated service provider that owns most of Taiwan's fixed-line infrastructure (supplemented by undersea cables and satellite coverage), and is the largest mobile operator in Taiwan. It provides 99% 4G population coverage nationwide and, unlike its peers, offers critical data services to the consumer and enterprise segments anywhere and anytime—even in remote and rural areas. With its 5G service already covering 97.6% of the country's population and offering 361.83 Mbps median download speed, the company is leading the way with 5G and is at the forefront of 5G application development. Its strategic use of AI technology helps address customers' unmet needs, such as transitioning toward net zero emissions and environmental sustainability. In combination with 5G and video streaming services, AI also enhances the audio-visual experience for customers.

Chunghwa Telecom's 5G standalone (SA) architecture enables network slicing for dedicated channels that can withstand peak-hour traffic, making it suitable for large-scale 5G applications that require guaranteed bandwidth. With 5G SA powering network slicing, the company can more adequately address market demand for 5G applications and take traditional 5G private network construction to the next level. Chunghwa Telecom's 5G accelerator helps Taiwanese start-ups develop and commercialize 5G applications that meet industry needs, and the company has successfully empowered many enterprises across various industries. Its 5G private networks have created a stable revenue stream and expanded its market share in the space, contributing to double-digit year-on-year (YoY) revenue growth of its ICT business in 2023.

Mei Lee Quah, research director for ICT at Frost & Sullivan, observed, "Chunghwa Telecom consistently drives the development of new business applications and strives to provide customers with faster and more convenient services that offer more value. As an example, the company is currently helping advance cybersecurity technologies to create new business opportunities, especially solutions that address consumer privacy risks and personal information rights, as well as the security of business operations and governance. With new 5G capability, it is also creating a new wave of smart services that provide customers with higher-quality services and digital applications."

Chunghwa Telecom's customer satisfaction and experience differentiate it from competitors. The company's innovative 5G applications and strong reputation for customer service have pushed 5G subscriptions to exceed 3 million. The company leads the telecom market with 11.22 million mobile (non-IoT) and 1.92 million IoT subscriptions, a significant share of the Taiwanese 127.5% mobile phone penetration rate nationwide. Its long-term relationships with customers drive brand loyalty and strength beyond Taiwan—the brand is recognized on global leaderboards. Chunghwa Telecom's robust 5G partner ecosystem allows the company to enter new markets and develop new revenue streams with first-to-market solutions that offer unique experiences and interactive services, increasing customer support for 5G. Additionally, its partnerships drive possibilities at a level above local competition and on par with global leaders. The company's increasing YoY revenue growth and mobile subscriber market share over the last four years testify to its leadership and outstanding performance in the telecom market ahead of competitors in Taiwan.

"Chunghwa Telecom addresses pain points and improves the lives of Taiwanese people with smart services that offer customers enhanced solutions and digital applications. The company's commitment to meeting and exceeding the needs of its customers with 5G is truly commendable and positions it far ahead of its competitors," added Quah. With its strong overall performance, Chunghwa Telecom earns Frost & Sullivan's 2024 Taiwanese Customer Value Leadership Award and Company of the Year Award in the 5G space and telecom industry, respectively.

Each year, Frost & Sullivan presents the Customer Value Leadership award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company's unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion. Additionally, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. This award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:
Tarini Singh
E: tarini.singh@frost.com

About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) ("Chunghwa" or "the Company") is Taiwan's largest integrated telecommunications service provider in Taiwan, with leading offerings in fixed communication, mobile communication, broadband, and internet services. The Company also provides information and communication technology services to enterprise customers with its big data, cybersecurity and IDC capabilities, and is expanding its business into emerging technology services such as IoT, AI, etc. Chunghwa Telecom has actively and continuously engaged and implemented environmental, social and governance (ESG) initiatives with the vision to become an international benchmark enterprise built upon sustainable development and has won numerous international and domestic awards and recognitions for its ESG commitments and best practices.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Chunghwa Telecom Applauded by Frost & Sullivan for Exceptional Customer Value with 5G and Market-leading Telecom Innovation