Coronavirus: Hong Kong tycoon Li Ka-shing to donate another HK$101 million to medical and welfare sectors amid pandemic
- The donation will benefit patients who fall outside the city’s social security safety net, medical school graduates, and various NGOs
- Earlier, Li Ka Shing Foundation donated HK$100 million and HK$80 million to Wuhan and Hong Kong respectively, to battle the public health crisis
Retired tycoon Li Ka-shing will donate a fresh round of HK$101 million (US$13 million) to Hong Kong’s medical and welfare sectors as the city battles the third wave of the Covid-19 pandemic.
His charity flagship, Li Ka Shing Foundation, said on Thursday that the donation would benefit more patients who fell outside the city’s social security safety net and were ineligible for government subsidies. The funding will also help medical school graduates and non-governmental organisations (NGOs).
It followed last year’s donation of HK$100 million to the medical sector.
A key part of the new donation – branded “Love can Help II’ – will be spent to continue subsidised services for heart diseases with the public facility – Tuen Mun Hospital, and privately-owned Hong Kong Sanatorium & Hospital.
Li, who turned 92 on Wednesday, and is a senior adviser to his property-led empire – CK Hutchison Holdings and CK Asset Holdings, on Thursday expressed his gratitude to Hong Kong’s medical professionals for their fight against the pandemic.