22 Jun 2017
Poverty in Hong Kong: Update on Current Issues
A closer look at the root causes of poverty in Hong Kong and what can be done by governments and businesses to alleviate it
Hong Kong - one of the wealthiest places in the world, has a sizeable poverty problem that over 1.34 million of its citizens are living below the official poverty line. Since 1997, Hong Kong’s gross domestic product had grown by an accumulated 82%, employment had gone up by 20%, while the monthly incomes of full-time employees had risen by nearly 70%. Yet, the city’s shameful poverty rate stood at 14.3% in 2015. According to Forbes, the wealthiest 50 people in Hong Kong had a total wealth of HK$1890 billion as of Aug 2016, which was 1.37 times more than the HK$1380 billion in government reserves as of June 2016. Elderly poverty is the most serious among poverty issues, followed by intergenerational poverty and working poverty. The city’s income disparity has hit alarming levels, and leaving them unaddressed may lead to social unrest on a historic scale.
Join the upcoming Responsible Business Meeting 3 (joint Community Builders Meeting) to look closer into Hong Kong's hidden poverty problems. In this meeting, participants will learn from experts about the root causes of poverty in our city, hear the latest report on public attitudes towards poverty, and understand how the government, society, and business sector can work together to formulate a multifaceted approach to find solutions to Hong Kong’s most pressing social issue.
- Understanding of the structural reasons for poverty in Hong Kong, the trends, ie is poverty getting worse?
- Learn about the work of the Commission for Poverty and its strategy/ plans
- Learn from Oxfam’s latest research report on public attitudes towards poverty in Hong Kong
- Integration of knowledge and handling of complex social issue of inequality and income disparity
Dr. C. K. LawmoreAssociate Professor, Dept. of Social Work & Social Admin, The University of Hong Kong
Kalina TsangmoreHead of Hong Kong, Macau and Taiwan Programme, Oxfam Hong Kong
Fern NgaimoreCEO, Community Business
Associate Professor, Dept. of Social Work & Social Admin, The University of Hong Kong
Dr. C. K. Law
He was a Legislative Council member (1995-97, 1998-2004). He is currently the Chairman of the Community Care Fund Task Force, member of the Commission on Poverty, Statistics Advisory Board and Commission on Strategic Development of the HKSAR government.
Head of Hong Kong, Macau and Taiwan Programme, Oxfam Hong Kong
CEO, Community Business
Under Fern’s leadership, Community Business has expanded its products and services, established a subsidiary in India, and has launched the LGBT+ Workplace Inclusion Index, the first and only benchmark for workplace inclusion practices and initiatives for lesbian, gay, bisexual, and transgender employees in Asia.
Fern has been actively involved in and passionate about corporate social responsibility and diversity and inclusion, in her voluntary role as Board Director of KELY Support Group, a Hong Kong charity dedicated to supporting young people, and in her previous roles at Standard Chartered Bank.