Social Impact Investing for Marginalized Communities in Hong Kong: Cases and Issues

Michael Chak Sham  Wong; Richard Chin Yee Yap

doi:10.3390/su11102831

Social Impact Investing for Marginalized Communities in Hong Kong : Cases and Issues

Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review

Overview

4 Scopus Citations

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Author(s)

Related Research Unit(s)

College of Business

Detail(s)

Original language	English
Article number	2831
Journal / Publication	Sustainability
Volume	11
Issue number	10
Online published	17 May 2019
Publication status	Published - May 2019

Link(s)

DOI	DOI https://doi.org/10.3390/su11102831 Final Published version
	Check@CityULib
Attachment(s)	Documents 30313925.pdf Final Published version, 222 KB, PDF Publisher's Copyright Statement This full text is made available under CC-BY 4.0. https://creativecommons.org/licenses/by/4.0/
Document Link	Links https://www.mdpi.com/2071-1050/11/10/2831/htm Final Published version
Link to Scopus	https://www.scopus.com/record/display.uri?eid=2-s2.0-85067093144&origin=recordpage
Permanent Link	https://scholars.cityu.edu.hk/en/publications/publication(43b5bdd1-de65-4f15-96de-b85d4db9acaf).html

Abstract

This paper documents three business cases of social impact investing (SII) for marginalized communities in Hong Kong. Target stakeholders of the cases include displaced old tailors, elderly and wheelchair-bound people, and single-parent families. They are all privately-owned and profit-driven entities with their own social missions. Information on the cases is collected from structured interviews and meetings with their founders and stakeholders. The paper further discusses general issues of SII in Hong Kong and possible mechanisms to support SII development. Tax exemption for investors and donors, related government subsidy schemes, certification on social impacts, and establishment of social impact funds would help SII business thrive in the future.