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

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 entiti...

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Bibliographic Details
Published in:Sustainability 2019-05, Vol.11 (10), p.2831
Main Authors: Wong, Michael Chak Sham, Yap, Richard Chin Yee
Format: Article
Language:English
Subjects:
certification
China
elderly
Endowment
Environmental impact
Funding
interviews
Investment
Kellogg, W K (1860-1951)
Pension funds
Performance evaluation
Social capital
Social entrepreneurship
Social impact
Social investing
stakeholders
Startups
Taxation
Transparency
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Summary: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.
ISSN:2071-1050
2071-1050
DOI:10.3390/su11102831