There is a growing trend of family investors supporting local entrepreneurs and giving back to society. For family offices that are equipped with the right know-how, impact investing can promote the kind of social mobility that is increasingly rare in this city.

Henry Michael Mayhew, of University College London, argues that Asian central banks should incorporate equality considerations into their mandates. The rise of unconventional monetary policy has had outsized distributive effects, and with a growing body of research showing that inequality impacts economic stability, targeting a more balanced distribution of wealth can be seen as a …