Tung announced the think tank on 10 November 2014 with 88 advisers that included businesspeople, athletes, academics, and former senior civil servants, including
Jack Ma,
Lee Wai Sze,
Antony Leung, and
Yang Chen-Ning. He said the foundation would help develop political leaders in Hong Kong and improve
social mobility. Peacefully ending the sit-in protests against the
2014–2015 Hong Kong electoral reform was also described by Tung as one of the foundation's top priorities. Tung had been the chairman since the think tank was founded. As concerns over his health grew, he resigned as chairman on 28 September 2023 and was succeeded by
Bernard Chan. Tung then became the foundation's honorary chairman. == Political position ==