Chinachem Group Supports Child Development Matching Fund to Combat Intergenerational Poverty


Initiative Focused on Helping Underprivileged Young People Develop Soft Skills and Build Tangible Assets

HONG KONG SAR – Media OutReach – 3 September 2021 – The prolonged COVID-19 pandemic has adversely affected many people’s livelihoods and further entrenched inequalities of income, health and education across the city. Hong Kong is one of the wealthiest cities in the world, yet the city’s poor families have doubled in number over the past two years, with almost 302,000 people living in low-income households at the end of March 2021[1]. To help address the issue of intergenerational poverty and other deprivations, as well as reduce inequality and spur economic growth, Chinachem Group (the Group) has donated a matching sum of HK$960,000 to the Child Development Matching Fund (CDMF) to benefit 200 young people in the Tsuen Wan and Kwai Tsing Districts for the year 2019/20, equivalent to HK$4,800 each. The Group takes seriously its role as a partner and supporter of local communities and strives to bring positive change to those in need and support the community through the challenges brought about by the pandemic.