Standard Chartered’s corporate clients donate near HKD20 million to subsidise subdivided unit households to pay rent
Joint hands to ride through the storms with the underprivileged
26 May 2020, Hong Kong – Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered Hong Kong”) and the Hong Kong Council of Social Service (“HKCSS”) has launched a programme to subsidise families living in subdivided units to pay rent in late April. The initial quota of 2,000 was taken up in three days. To help alleviate the unexpected financial burdens for more families, Standard Chartered commenced a second phase of donations and invited its corporate clients and partners to contribute. The Bank has committed to match the donations up to HKD10 million.
The collective efforts in the past three weeks have paid off, with the Bank’s corporate clients and partners pledging to donate near HKD20 million (See Appendix) to support the programme. Including Standard Chartered’s earlier donation of HKD10 million and the HKD10 million donation matching commitment, the programme has raised almost HKD40 million, benefiting more families.
Mary Huen, CEO, Standard Chartered, Hong Kong, said: “We have received generous donations from our corporate clients and partners since the launch of the programme, demonstrating the care for the distressed, low-income families by the community. Hong Kong is facing unprecedented challenge. Apart from providing the usual business support to our clients, Standard Chartered would also like to join hands with our clients and partners to provide timely assistance to the underprivileged during this difficult period. We sincerely thank our corporate clients and partners for pitching in to get Hong Kong through the pandemic.”
Chua Hoi-Wai, Chief Executive, HKCSS, said: “The generous support from Standard Chartered and its corporate clients and partners has demonstrated that the Hong Kong business sector is willing to bear the social responsibility and help the underprivileged to get through the hard times. We hope that more corporates would be able to extend their helping hands, offering more supports in different ways to those impacted by the pandemic.”
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For more information, please contact:
Corporate Affairs, Standard Chartered Bank (Hong Kong) Limited
+852 2820 3843
Corporate Communications, The Hong Kong Council of Social Service
+852 2864 2982
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Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.
The history of Standard Chartered in Hong Kong dates back to 1859. It is currently one of the Hong Kong SAR’s three note-issuing banks. Standard Chartered incorporated its Hong Kong business on 1 July 2004, and now operates as a licensed bank in Hong Kong under the name of Standard Chartered Bank (Hong Kong) Limited, a wholly owned subsidiary of Standard Chartered PLC.
The Hong Kong Council of Social Service (HKCSS)
Established in 1947, HKCSS works to promote a just and inclusive society by promoting collaborative efforts among NGOs in service planning and development, facilitating cross-sectoral partnership, advocating equality, justice, social integration and a caring community. The Council has now become an umbrella organisation of over 480 Agency Members that provide quality social welfare services for those in need through 3,000 service units all over Hong Kong.