Hong Kong Exchanges and Clearing (HKEX) has launched a charitable initiative to support innovative projects addressing key social and environmental challenges. The Impact Funding Scheme will have an allocation of HK$10 million (US$1.29 million) this year.

The programme will support short- to medium-term community projects run by local non-governmental organizations, with a focus on four themes: financial literacy, diversity and inclusion, poverty relief, and environmental sustainability.

HKEX chairman Laura Cha says: “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 channelled more than HK$174 million to those most in need in Hong Kong and beyond. This new Impact Funding Scheme will enhance our outreach, channelling another HK$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 will be managed by the Hong Kong Council of Social Service. It is open for application until August 11.