Premium Essay

Hong Kong Social Security

In: Social Issues

Submitted By qqqqwwww
Words 1826
Pages 8
A. Introduction

Hong Kong has been transformed from a city of poor migrants in the 1960s to one of the most affluent and influential cities in the world in the 21st century. Despite Hong Kong's impressive economic achievements, many people remain poor, especially the elderly. Increasingly also there are single parent families, the sick and disabled, and the unemployed. A group which experiences sever difficulties is new immigrants from China. These families suffer considerable hardship. As a result, Social Security becomes an important issue in Hong Kong.

Social Security is societal and collective measures to provide financial and psychological security to people of the community against certain risk in and contingencies of life, especially when certain life-risk and contingencies can hardly be resolved by individuals' effort. The typical examples are retirement, accidents, misfortune, maternity, illness, death, poverty, disability etc.

One of the aspects of social security measures is income protection at times of poverty, especially provide support for the immediate needs of the people. Comprehensive Social Security Assistance (CSSA) in Hong Kong is an example. Social security can also diversify the risks and redistribute the resources within the society. It functions as a social insurance scheme. Attaining the goal of mutual help. Furthermore, social security likes a retirement scheme distributing the resources over one's lifetime. The Mandatory Provident Fund (MPF) and Central Provident Fund (CPF) are the typical examples.

B. Background of Social Security in Hong Kong In the early stage, the voluntary bodies, largely religious bodies and charity organizations provided pubic assistance to those poor people. However, in 1948, the extreme levels of poverty and destitution make the inaction impossible, such organizations could not deal with the…...

Similar Documents

Premium Essay

Minimum Wage in Hong Kong

...Minimum wage in Hong Kong Table of Contents 1. Part 1: Minimum Wage law in Hong Kong 2 2. Introduction 2 3. Minimum Wage – Economic Theory 2 4. Introduction in Hong Kong – May 2010 3 5. Impacts – 15 months later 5 5.1. Employment 5 5.2. Firms profitability 6 5.3. Inflation 7 6. Economic cycle considerations 9 7. Part 2: Housing issues in Hong Kong 9 8. Introduction 9 9. Housing situation in Hong Kong 9 10. Housing Demand in Hong Kong 11 11. Housing supply in Hong Kong 14 12. The Current Government Policies 15 12.1. Policy 1: 15 12.2. Policy 2 16 12.3. Policy 3 16 13. Conclusion 17 14. Bibliography 18 Part 1: Minimum Wage law in Hong Kong Introduction The Hong Kong Government introduced of a Minimum Wage in Hong Kong in May 2011, in response to increased incomes disparity in the territory. It uses economic theory to predict certain impacts such as level of employment, profits of firms, inflation effect and potential positive effects on the economy in general. Minimum Wage – Economic Theory Economic theory tells us that when artificial price floors are introduced in the market, they force prices to remain above the level that balances supply and demand. The same is true with minimum wage; it raises the quantity of labor supplied and reduces the quantity of labor...

Words: 3925 - Pages: 16

Premium Essay

The Disney Hong Kong Casse

...Case Study: HONG KONG DISNEYLAND George Koduah UMUC Case Study: HONG KONG DISNEYLAND George Kofi Koduah, UMUC AMBA 660, May 2013 The Hong Kong Disneyland case study is an example of the global necessity for profitability and brand recognition across international boundaries. The case sheds light on the important roles of culture, legal, economic and practical management strategic decision-making in the success of Multi National Companies. Disney’s strategic mode of entry into the Hong Kong market and the marketing mix and strategies employed for operations are analyzed against the cultural, economic and competitive conditions prevailing on the Hong Kong leisure landscape. Alternative strategies have been suggested taking into consideration the nature of the brand, competition and the society in which it has to operating. Analysis The two major issues and management problems Strategy/mode of entry: Disney’s major challenges for entering the Hong Kong market centers on its strategic mode of entry into the Hong Kong leisure market and failure to device appropriate marketing systems that will make it acceptable and profitable. According to Daniels, Radebaugh, & Sullivan (2013) strategy is “management’s idea on how to best attract customers, operate efficiently, compete effectively, and create value that builds and sustains a company’s position within its industry (p. 809). Globalization and the need to broaden product and market coverage for increased profit......

Words: 2505 - Pages: 11

Premium Essay

Hong Kong

...Global Business Cultural Analysis: Hong Kong Ruben R. Castro Dr. Maria Marin Business 604 July 3, 2013 History Hong Kong has been inhabited for millennia, with the early Che people settling the land early on. During the period of the Warring States in Mainland China, Yuet people immigrated from the north and forcibly assimilated the Che people. During the time of the Qin Dynasty Hong Kong was made a part of unified Imperial China. Throughout the Han Dynasty in the 10th century the region grew in economic importance as a result of the local pearl industry. When the Mongols invaded China, Hong Kong saw a large influx of refugees from Mainland China, creating a population boom and further enlarging the already strong economy that had built around Hong Kong as a maritime trading port. In the 19th century, Britain, faced with a growing trade deficit with China due to the British appetite for tea, expanded its sale of opium to China dramatically. The ruling Qing Dynasty disapproved, and banned the sale of opium. Britain pushed the issue by declaring war, and occupied Hong Kong Island by 1831. The British would control Hong Kong until World War II. The Japanese seized the region briefly during World War II. Shortly after the war, the declaration of Communist China led to a new wave of refugees to British Hong Kong. As China continued to pursue an isolationist stance during the Communist era, Hong Kong became an important connection between the West and the mainland, and...

Words: 5922 - Pages: 24

Premium Essay

Hong Kong

... Hong Kong as an Academic Destination Introduction Hong Kong attracts visitors from around the world for its universities,economic infrastructure, stunning nature,urban culture and the rhythm of the megapolis where ‘’East meets West.’’ Demographics During the 1990s, the population of Hong Kong grew rapidly. Nearly 7 million residents are related to Cantonese ethnic groups,called ‘’Hakka’’and‘’Chiu Chow’’. The society of Hong Kong suffers from an aging population due to the declining birth rate. Particularly, the fertility rate dropped to 1.09 in 2012, indicates the ratio below the replacement rate of 2.1.Simultaneously, life expectancy remains elevated ,and is planned to attain 82 for men and 88 for women by 2031. Hong Kong’s old age dependency rate is expected to enlarge and to exceed Japan by 2060. Language According to the 1996 census, the official languages ​​are Chinese and English, about 3.1% of Hong Kong citizens claimed English as the language of everyday communication and nearly 34.9% identified English as a second language.(Bolton,2000) Despite the ended British governance in 1997, Western culture is deeply entrenched in the country and harmonious with the conventional traditions and Eastern philosophy.(Buckley,1997). Education As a former of British overseas,territory of Hong Kong has retained the UK and US education systems.The University of Hong Kong was established in 1911 and has traditionally......

Words: 636 - Pages: 3

Premium Essay

Hong Kong Movie

...(a process of identification, which shows the discontinuity in our identity formation). The first one is necessary, but the second one is truer to our postcolonial conditions. (Hall) Hong Kong identity is not fixed; it changes from time to time and is determined by the social-political changes. (Jonathan) Mass media (films) can somehow construct some kinds of ideologies or identities and indicate the attitude and value behind identity in a society. (Ping-Kwan) In this paper, we will investigate how 1970s’ films, New Wave Movie in 1980s and 1990s’ films reflect the social changes and construct HK identity. After the 1967’s Riots, Hong Kong people had to face keen competition and social conflict and instability. Most of them had to face great pressure and discontent was widespread in the society. (李以莊) Watching movies such as “One-Armed Swordsman” (獨臂刀) [1967] and “The Big Boss” (唐山大兄) [1971] become one of the tools or ways for them to vent their pressure and emotions. Moreover, in the early 70s, the society was rife with corruption. The corruption of the Hong Kong police and the government officers became a climate of Hong Kong. This phenomenon was corrosive to both the foundations of society and relationship between the police/government officers and the public. (Pak Tong) The Hong Kong government was therefore urged to found ICAC to deal with problem of corruption in 1974. At that time, “The House of 72 Tenants” (七十二家房客) [1973] revolved around 72 people who live......

Words: 901 - Pages: 4

Premium Essay

Poverty in Hong Kong

...Poverty and Social Security in Hong Kong – Not at All Easy Hong Kong undoubtedly is an important financial centre in the world. Citizens are proud when they compare the GDP per capita between Hong Kong and other advanced countries and find they are of those most privileged in the globe. Despite its excellent economic advancement, the problem of poverty is prevalent among the labour class who live in the lower part of the socioeconomic pile. In fact, poverty in Hong Kong is no less serious than that in many developing of developed countries, no matter in terms of absolute or relative poverty. In the paragraphs below the extent of poverty in Hong Kong would be examined in terms of the trend and size of the poverty population and the effect of poverty. It will be followed by an analysis in the government’s reaction towards the poverty population, which is the social security system today. Ultimately, the effectiveness of the attempt to tackle poverty would be assessed. What Indeed Is Poverty in a Large City, Specifically in Hong Kong? Some people may underestimate the poverty which a city faces. Presumable they are still able to at least feed themselves, and this is already far better than the situation in some developing countries. However, when we investigate and compare poverty in both places after drawing up a definition, one would find poverty in cities not as easy as they presume. The definition of poverty has been a long debate between scholars of social......

Words: 3425 - Pages: 14

Premium Essay

Nestle Hong Kong

...1980s, or 1990s, Nestle joint venture with the dairy business to Hong Kong market. Hong Kong Nestlé has always attached importance an improvement and innovation, brands and products more living center. Advantages of brand building consumer trust, management as people orientation, Research & development of consumers delicious, nutrition, health and enjoyment, it has always been our goal to create value for society. It has expanded and reinvented itself become one of Asia’s most dynamic and reputable companies in Hong Kong. Uniqueness of the Hong Kong Culture As the undoubtedly unique culture in the world, the Hong Kong culture is an amalgamation of traditional Chinese value - Taoism, Buddhism and Confucianism, as well as the contemporary culture cultivated by the British colonial history and the capitalist economy. Core HK Cultural Dimension – Hierarchical Like other Chinese Societies, Hong Kong has been strongly influenced by traditional Confucian values that emphasize family socialization (Redding and Wong 1986) as mostly of last generation of Hong Kong were immigrants from China Mainland during 60s & 70s. Chinese accents that one’s conduct should always be within the norms of propriety (Li) and conformity to a rigid hierarchy of social relations (Wu-Lun). According to Hofstede’s theory of cultural dimension, Power distance is the extent that people expect and accept power is distributed unequally. Hong Kong Chinese is characterized by a high level of power......

Words: 3588 - Pages: 15

Premium Essay

Hong Kong Is My Home

...Youth HONG KONG Hong Kong is home FEATURES Fitness and nutrition Pollution YouTubers HKFYG Cover image by 羅潤龍 by Yun Huang Yong http://www.flickr. com/photos/goosmurf/5899151996/ YOUTH HONG KONG published quarterly by The Hong Kong Federation of Youth Groups EDITORIAL BOARD Rosanna Wong Elaine Morgan (Editor) Ada Chau (Assistant Editor) Angela Ngai Lakshmi Jacotă William Chung Henry Poon CIRCULATION (unaudited) 11,000-12,000 in Hong Kong, throughout the region and overseas VIEWS EXPRESSED are the authors’ and interviewees, may come from official sources, and do not necessarily reflect the views of the editorial board or publisher REPRODUCTION OF CONTENTS without written permission from the publisher is prohibited INTERVIEWS Elaine Morgan, Lakshmi Jacotă, Ada Chau PERSPECTIVES CONTRIBUTORS Ben Tse Elena Ng Mimi Mo Jessica Chan Ajmal Samuel Elaine Morgan SELECETD YOUTH SPEAK CONTRIBUTORS Lin Kristy, Ernest Chau Christy Chu Joy Pamnani Ivy Ho, Kevin Li Ho-lam, Gigi Chau Pansy Tam OTHER CONTRIBUTORS Virginia Addison Education Post Cathay Pacific Kate Yung Hilary Lok HKFYG unit staff TRANSLATION Henry Poon Ada Chau PHOTOGRAPHS Courtesy of HKFYG Very Hong Kong competition entrants, as captioned. Other photographs by Elaine Morgan, Ada Chau, acknowledged as captioned, or in public domain ARTWORK Sam Suen, DG3 DESIGN, LAYOUT & PRINTING DG3 Asia Ltd ISSN 2071-3193 WEB youthhongkong.hkfyg.org.hk CORRESPONDENCE to The Editor, Youth Hong Kong, 21/F, The Hong Kong......

Words: 19700 - Pages: 79

Premium Essay

Hong Kong

...its competitors to respond to changes. strategy - introduction to PEST analysis PEST analysis is concerned with the environmental influences on a business. The acronym stands for the Political, Economic, Social and Technological issues that could affect the strategic development of a business. Identifying PEST influences is a useful way of summarising the external environment in which a business operates. However, it must be followed up by consideration of how a business should respond to these influences. The table below lists some possible factors that could indicate important environmental influences for a business under the PEST headings: Political / Legal | Economic | Social | Technological | - Environmental regulation and protection | - Economic growth (overall; by industry sector) | - Income distribution (change in distribution of disposable income; | - Government spending on research | - Taxation (corporate; consumer) | - Monetary policy (interest rates) | - Demographics (age structure of the population; gender; family size and composition; changing nature of occupations) | - Government and industry focus on technological effort | - International trade regulation | - Government spending (overall level; specific spending priorities) | - Labour / social mobility | - New discoveries and development | - Consumer protection | - Policy towards unemployment (minimum wage, unemployment benefits, grants) | - Lifestyle changes (e.g. Home working, single......

Words: 348 - Pages: 2

Premium Essay

Telecommunication in Hong Kong

...Introduction The office of the telecommunication authority of the Hong Kong special administrative region has announced that is has agreed on allowing privatizing PCCW, one of the largest and most comprehensive communication providers in Hong Kong. The news about that the second large-scale layoffs this year PCCW dismissed 71 people who works in the customer service .The company dismissed a large number of staff within for months. Affected employees may receive additional compensation for years. PCCW Employees General Union dissatisfaction with the company 's practices, and believes that the company is not sufficient to dismiss. This is mainly retrenched employees customer service center staff, including staff handling complaints and technical support .in addition to obtaining compensation for their labor laws by, but also by years of compensation per year of service, more than half a month 's salary to a maximum amount of compensation for six months. PCCW union dissatisfaction with the company's action, Lots of protester and asked the company to tell wise reasons. The employees are fear that the companies will massive layoffs once again. Employees are both economical and mental harm. After this news happed, the following it should be explored the reason behind the company's way of doing things and analyze the reasons. And whether there is a problem on their company’s human recourses or giving some better suggestions to solve this problem. 1. Choose the companies and......

Words: 2422 - Pages: 10

Premium Essay

Gender Equality of Hong Kong

... Introduction Hong Kong, as one of the most westernized cities in Asia, women’s status has improved in a rapid pace over the past 30 years. The role of women changes with the growth of awareness of gender inequality, in which brought the rise of concern on women’s issues. The Hong Kong government has been implementing the conventions in order to eliminate discrimination against women by both Basic Law and local laws. With the well-established legal system in Hong Kong, right and quality of women are enshrined to a large extent. The formation of Equal Opportunities Commission in 1996 and the Women’s Commission is 2001 helped the development of policy infrastructure for gender equality. Besides, plenty of non-governmental organizations also help promoting gender equality in the society. Gender equality is an indicator of the progress of social development. While both genders appear to be equal in Hong Kong, hidden sex discrimination is still common, restricting the development of women. (Women’s Commission, 2012) Since there is no legal prohibition of sexual orientation-based employment discrimination in the private sector, gender discrimination is being hided to a large extent in private organizations and companies. This paper discusses the current situation of gender equality in Hong Kong, and expectation on improvement concerning the gender equality in near future. Gender Equality in Workplace of Hong Kong The population of Hong Kong was more than 7......

Words: 1452 - Pages: 6

Free Essay

Hong Kong Disney Land

...Global Banking and Capital Markets Hong Kong Disneyland HK$3.3 bn project loan Prof. Ingo Walter 1 Hong Kong Disneyland Borrower Project Cost Infrastructure Start Construction Start Opening HKTP Structure Hong Kong International Theme Parks Limited (HKTP) - owner & operator HK$14 Billion End-2000 End-2002 2005 - HK government 57% plus conversion rights into common for infrastructure development (up to 75% ownership if exercised) - HK$ 3.25 billion - Disney 43% - HK$2.45 billion - HK government sub-debt with repayment starting in Year 16 - HK$6.1 billion - Bank Loan - HK$2.3 billion 15-year non-recourse loan plus HK$1 billion non-recourse revolving working capital loan post-construction – HK$3.3 billion. 2 Mandate - Seeking Disney acting on behalf of HKTP, asks 17 banks to bid and it could mandate upto 3 banks to lead the deal Chase options: No bid Bid to win Bid to lose 3 Chase Options No bid 1. Joint mandate (fee split) 2. Aggressive competition (especially from Bank of China and HSBC) 3. Bad track record (Eurodisney) 4. Credit Issues: 15-year maturity No collateral other than site yet to be built Non-subordination of management fees Desire to use cash flows to grow the project Market risk Force majeure risk 5. Need for fully underwritten deal 4 Chase Options Bid to win 1. Disney important client 2. Marquee deal for the region 3. Chase not a top-10 player in Asian project loans Exh.6a......

Words: 4055 - Pages: 17

Free Essay

Essay on Social Movements of Hong Kong

...The politics of Hong Kong have been being in turmoil since the handover of sovereignty of Hong Kong from the United Kingdom to China. Some waves of social unrests were led by disputes, such as the recent controversy on copyright (amendment) bill 2014 and the pro-vice-chancellor selection of University of Hong Kong, due to mistreatments of government or establishment to relative matters, or triggered by the disagreement between authority and the people, for example, the intensified sino-Hong Kong integration measures or the democratic development, like universal suffrage and directly elected Legislative Council. These controversies lead to civil disorders, often in the form of protests like the umbrella movement or annual 1 July protests, which may furthered the social fragmentation, therefore, stimulated and encouraged countermovements, for instance, the “blue ribbon” movement corresponding to the “yellow ribbon”, the symbol of the umbrella movement last year. The protests have been playing a very important role in Hong Kong politics, so, theories are required to interpret social movements, and therefore, to make any good and effective use of or understand the political reality of Hong Kong. After the umbrella movement, the way of protest reforms. The resources or organisation which held the protest are less considered than before, for example, in the protests against parallel trading, the ideology or the political consciousness played equivalent roles as resources and...

Words: 781 - Pages: 4

Premium Essay

Poverty in Hong Kong

...Abstract The high poverty incidence is a problem of many countries that needs immediate attention. The government is expected to be taking measures on this issue. In addressing this situation, regulations should be passed. There is a need for an evaluation of the effectiveness of such solutions. This paper will tackle the poverty situation as it exists in the city of Hong Kong. Focus is on leading factors that cause poverty. An assessment of the effectiveness of the programs being implemented by the government is made. Some reports show that in general, the government’s actions are not sufficient to eliminate poverty. They also suggest that the existing ordinances only to serve as temporary remedies. Key words: poverty, absolute poverty, strategies, poverty threshold Social Security and Sources for Social Welfare Introduction What is poverty? There is a dilemma on how the concept of poverty is defined. In fact, there is no single universally accepted definition of the term since the situation varies widely across different countries. People coming from different places proposed their perspectives on the meaning of poverty. They present varying ideas on poverty, but they have something in common. One view is that the term poverty is something that restricts a person’s freedom. It is also seen as a limitation to acquire the necessary resources enough to live a normal life. Another view is that poverty is a situation that......

Words: 2361 - Pages: 10

Premium Essay

The Report of Hong Kong

...Executive Summary Hong Kong is believed the world best location in the world to startup a foreign business. Due to Hong Kong provide a clean business-friendly environment, a stable government fiscal and the advantage of its location. In addition, with the sustainable growth of the GDP and the simple tax system with its low tax rate which made it an attractive place for investment. However, the highly polluted environment and the over-heated real estate would be a big concern for Hong Kong government. In addition, the dependence on land sales revenue should have to reduce if Hong Kong government wants to achieve a long- term fiscal sustainability. The table below clarifies that different level and different type of risk shown from this evaluation and analysis report, reveals that overall risk are in the low level of risk, except for the real-estate and environment risk. Therefore, Australian investor should expected the business operate in Hong Kong would be fairly and equally treated. However, due to the culture difference, that although Hong Kong is a mixed in high and low context culture compare to China and Japan, the minor culture barrier still remain. | |Type of risk |Level of risk | |Factors |- Political system |Low | | |- Legal......

Words: 4064 - Pages: 17