Reimagining collaborative approaches to silver economy with government, businesses and social enterprises

HONG KONG SAR – Media OutReach Newswire – 29 April 2025 – As Hong Kong and other cities in the Greater Bay Area face challenges brought by an ageing population, DBS Foundation (“DBSF”) believes that a senior-friendly community can be a powerful driver for innovation and economic growth. DBSF today hosts its first-ever “GBA Impact Beyond Dialogue 2025: The Future of Ageing in Hong Kong & GBA”, which brings together leaders from the government, businesses and social enterprises, redefining the silver economy and exploring cross-sector and cross-border collaborations that transform ageing into a valuable asset for the economy and society.

Ho Kai Ming, JP, Under Secretary for Labour and Welfare, HKSAR Government, emphasised during his opening remarks that collaborative efforts are needed to address the opportunities and challenges posed by an ageing population. “As we navigate the complexities of an ageing population, it is essential for the community to foster a culture of collaboration and innovation. This Dialogue offers an invaluable platform for stakeholders to collaborate, co-creating a supportive environment where seniors can thrive and contribute meaningfully to society,” he remarked.

The forum features a range of discussions from leveraging innovation to cultivate holistic wellbeing in an ageing society to promoting social inclusion in Hong Kong and other cities in the Greater Bay Area.19 local social enterprises were invited to showcase their innovative solutions including those focusing on addressing ageing issues in the silver economy.

The DBSF has committed to supporting social enterprises and promoting sustainable development since its establishment in 2014. DBS Bank pledged to invest up to SGD 1 billion (approximately HKD 5.7 billion) from 2024 over the next decade to support vulnerable communities.

In addition, the event introduces the three grantees of the DBS Foundation Grant 2024, recognising impactful social enterprises. Since the launch of the grant programme in 2015, DBSF has disbursed grants totalling SGD 21.5 million[1] (equivalent to HKD 123.8 million) to some 160 grantees. Last year, over 1,500 applications across key markets[2] were received, with 22 social enterprises awarded a total of SGD 4.5 million (equivalent to HKD 25.9 million) to scale up their business and benefit vulnerable communities. All in, their work is projected to collectively benefit more than 800,000 beneficiaries over two years.

Among the 22 grantees, three notable Hong Kong enterprises include The Project Futurus, which promotes positive ageing, dignity dining and social inclusion through education, advocacy, and community service; Motive Force, which advances elderly and disabled well-being through innovative gerontechnology, rehabilitation, and primary healthcare solution; and Rhys Workshop, which empowers marginalised communities with sewing training and remote work opportunities for sustainable careers.

For more information on DBSF’s work and the DBSF Grant, please visit: https://www.dbs.com/foundation/grants.html

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DBS Foundation

DBS Foundation is committed to uplifting lives and livelihoods of those in need.

Since 2014, it has been championing innovative businesses for impact – businesses that are focused on addressing key societal issues, and achieve profit through purpose. Through philanthropic funding, capacity-building, mentorship and other support measures, DBS Foundation catalyses the growth and impact of these purpose-driven businesses.

It also seeks to ignite positive change by helping the underserved and underprivileged to build towards better circumstances. This includes providing essential needs to those without, and fostering inclusion by equipping them with financial and digital literacy skills.

DBS Foundation also works with other like-minded partners to ignite enduring change. Its vision is to spark collective action to help build a better world; to make every day better and every tomorrow brighter. For more information, please visit: www.dbs.com/dbsfoundation.