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

Michael Chak Sham Wong^*, Richard Chin Yee Yap

^*Corresponding author for this work

College of Business

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

7 Citations (Scopus)

238 Downloads (CityUHK Scholars)

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.

Original language	English
Article number	2831
Journal	Sustainability
Volume	11
Issue number	10
Online published	17 May 2019
DOIs	https://doi.org/10.3390/su11102831
Publication status	Published - May 2019

Research Keywords

social impact investing
social impact fund
revenue generating social organization
social business
Hong Kong

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This full text is made available under CC-BY 4.0. https://creativecommons.org/licenses/by/4.0/

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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.",

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AB - 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.

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KW - social impact fund

KW - revenue generating social organization

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

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Research Keywords

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