The sustainability of a cultural link : the Sunbeam Theatre : searching for a strategy for conserving privately-owned built heritage in Hong Kong

2006 ◽  
Author(s):  
Kin-man Tsin
Keyword(s):  
Hong Kong ◽  
Built Heritage ◽  
Privately Owned

Flexible Corporate Nationality: Transforming Cathay Pacific for the Shifting Geopolitics of Hong Kong in the Closing Decades of British Colonial Rule

2020 ◽  
pp. 1-33
Author(s):  
JOHN D. WONG
Keyword(s):  
Hong Kong ◽  
The State ◽  
Political Climate ◽  
Dynamic Interactions ◽  
Sovereign State ◽  
Republic Of China ◽  
Political Risks ◽  
Political Forces ◽  
State Sponsorship ◽  
Privately Owned

Cathay Pacific’s shifting shareholder base underscores the dynamic interactions between the state and the market in an ever-changing geopolitical landscape. Focusing on its later transformation from a British airline, this article explores how Cathay Pacific refashioned its shareholding to respond to the shifting political climate of Hong Kong. In the protracted process through which Britain yielded jurisdictional power of Hong Kong to the People’s Republic of China, Cathay Pacific responded preemptively, first by enhancing its local profile, and then by appealing to economic nationalism of the sovereign state poised to take charge. The privately owned airline fashioned its corporate nationality in a bid to negotiate with political forces that affected its business development. The case of Cathay Pacific demonstrates how, in the absence of warfare, companies still need to mitigate political risks in a fluid geopolitical setting. By modifying its shareholding, Cathay Pacific crafted its corporate nationality, which proved instrumental in allaying political risks and managing business relationship with the state. The airline’s strategy attests to its dexterity as well as the pliability of the notion of “corporate nationality,” winning management the “license to operate”—legitimacy and state sponsorship—during a period of swift geopolitical shifts.

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

2019 ◽  
Vol 11 (10) ◽  
pp. 2831
Author(s):  
Michael Chak Sham Wong ◽  
Richard Chin Yee Yap
Keyword(s):  
Hong Kong ◽  
Social Impact ◽  
Single Parent ◽  
Government Subsidy ◽  
Structured Interviews ◽  
Impact Investing ◽  
Marginalized Communities ◽  
Single Parent Families ◽  
Business Cases ◽  
Privately Owned

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.

Built Heritage Conservation and the Voluntary Sector: The Case of the Tung Wah Coffin Home in Hong Kong

2010 ◽  
Vol 17 (1) ◽  
pp. 87-107 ◽  
Author(s):  
Shu-Yun Ma
Keyword(s):  
Hong Kong ◽  
Urban Space ◽  
Developed Countries ◽  
Voluntary Sector ◽  
Government Support ◽  
Heritage Conservation ◽  
Built Heritage ◽  
The Government ◽  
Built Heritage Conservation

AbstractBuilt heritage conservation is not easily achievable through the market, as it involves use of urban space and thus opportunity cost. The problem is more serious if there is no government support. This is the case in Hong Kong, where both the market and the state are not favorable to built heritage conservation. However, in 2005, through a local voluntary organization, a built heritage of Hong Kong—the Tung Wah Coffin Home—was conserved, and the project won one local and one regional conservation award. While conservation of built heritage by the voluntary sector has been common among developed countries, it is new in Hong Kong. This article first situates the issue in a general political-economy perspective and then analyzes the case of the Tung Wah Coffin Home, in particular, in the context of Hong Kong. The purpose is to examine what this case tells us about the role of the voluntary sector and its relationship with the government in providing built heritage conservation.

Evaluation of the social values and willingness to pay for conserving built heritage in Hong Kong

Facilities ◽  
2015 ◽  
Vol 33 (1/2) ◽  
pp. 76-98 ◽  
Author(s):  
Esther H.K. Yung ◽  
Edwin H.W. Chan
Keyword(s):  
Hong Kong ◽  
Willingness To Pay ◽  
Social Value ◽  
Heritage Conservation ◽  
Historic Site ◽  
Content Type ◽  
Built Heritage ◽  
The Social ◽  
Major Factors ◽  
The Relationship

Purpose – This study aims to evaluate the relationship between the major factors of social value and the willingness to pay amount for conserving a historic site, using Hong Kong as a case study of a dense urban city with immense tension between conservation and development. It also evaluates, in monetary terms, the social values, which are almost impossible to measure in built heritage conservation. Design/methodology/approach – It adopts evaluation ratings and the contingent valuation method to estimate Hong Kong citizens’ willingness to pay (WTP) for the conservation of the Central Police Station compound. Findings – The results of 256 surveys suggest that the extent to which the historic site can provide a “sense of place and identity”, “social inclusion” and “community participation” is positively correlated to the WTP amount. The respondents’ satisfaction with the new use of the site, their work location and education level affected the amount they were willing to contribute to the conservation project. The reasons given for not being willing to contribute were also analysed to provide insights for cultural heritage policy. Originality/value – The findings provide an enhanced understanding of the relationship between the major factors of social value and the WTP amount. This study proposes a partial tool to elicit the non-market value of heritage site which should be supplemented with experts’ evaluation to assist decision-making. It enhances public participation, particularly in the public–private partnership model of heritage conservation. Thus, it provides valuable insights for policymakers and planners to understand the public’s perception on the value of heritage conservation in cities facing immense redevelopment pressures.

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