Ronnie Chan, the former chairman of Hong Kong’s Hang Lung Group, one of the city’s largest property developers, thinks a business mindset is needed for philanthropy—and that’s just as true for future generations as his own.
“I don’t prefer a family that becomes so philanthropic that they lose track of making money,” says Chan, who earlier this year handed the reins of Hang Lung over to his 41-year-old son, Adriel Chan. “I think that the two being together is a better solution,” he says.
