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.
Highlights
Social impact investing (SII) has gained much attention globally for the last two decades
It carries out its social mission where both the old tailors as employees and its investors as shareholders are both taken care of
These vans charge fares 2 to 3 times higher than a typical taxi. Compassionate for her mother, she was driven to seek a safer and more comfortable way of transportation for the aged and the disabled. She had worked with Social Venture Hong Kong (SVHK) for over three years building up a network of trusted partners including the taxi companies and elderly homes
Summary
Social impact investing (SII) has gained much attention globally for the last two decades. Compassionate for her mother, she was driven to seek a safer and more comfortable way of transportation for the aged and the disabled She had worked with Social Venture Hong Kong (SVHK) for over three years building up a network of trusted partners including the taxi companies and elderly homes. Diamond Cab is a commercial entity, charging commercial rates to its customers from the services it provides It is one of the companies supported by Social Venture Hong Kong. Light Be serves as a real estate management company working with landlords who are socially-minded to provide a safe and comfort living quarters to single family tenants. Light Be runs an asset-light business model It leases an apartment from individual and corporate landlords and subleases it to a group of single family tenants who would otherwise be living in subdivided homes. It is situated in Sham Tseng that can house around 90 single-parent families
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