Social Economy

Clear charity rules can boost giving

Mainland China has more than 10 per cent of the world's billionaires and 1.4 million households with assets of at least US$1 million.

Wednesday, 15 August, 2012, 11:03pm

Charity law, trust in NGOs crucial

Transparency requirements for charities issued at the weekend are a much needed step in the right direction given the scandals that have plagued philanthropic organisations in recent years, but the rules fall short of what needs to be done

15 Aug 2012 - 10:49pm

New transparency rules for charities

New regulations on the management of the nation's charitable foundations were issued yesterday in an effort to enhance transparency and oversight in a sector whose credibility has suffered considerably following a recent series of scandals involving embezzled funds.

30 Jul 2012 - 12:00am

Investment tips for the good of Hong Kong society

The Rio+20 conference witnessed the official launch of the Impact Investing Policy Collaborative, a network of researchers and practitioners working to shape public policies that create more effective capital markets for impact investing.

16 Jul 2012 - 12:00am

Lessons to be learned from visions of order, disorder and political decay

Joseph Yam Chi-kwong's paper on the future of Hong Kong's monetary system caused quite a stir. Irrespective of what happens to the dollar peg, the fundamental thrust of the former Monetary Authority chief's argument is irrefutable - that no fixed exchange rate system is consistent with sustainable budgetary deficits.

23 Jun 2012 - 12:00am

Charities' chance to restore credibility

Charitable organisations have an important role to play in the nascent development of the mainland's civil society, as do non-government organisations that fill the gap between what government and free markets provide. But public confidence in them has been dented by a lack of transparency and scandals that tarnished the image of one of the most visible of them, the Red Cross Society of China.

27 Apr 2012 - 12:00am

Ruling calls on foundations to come clean

The mainland plans to make charitable foundations more transparent and credible by forcing them to disclose their income, spending and use of donations, according to a draft regulation released by the Ministry of Civil Affairs.

25 Apr 2012 - 12:00am

New controls on religious groups' work

Beijing has tightened controls on religious groups by imposing restrictions on their charitable activities, complicating their efforts to secure foreign aid.

28 Feb 2012 - 12:00am

Social policy plays role in expansion of 'third sector'

Social enterprises are playing an increasingly important role in Taiwan. It's a trend that gained momentum as community consciousness and a self-help mentality took hold amid soaring unemployment and widening income inequality in the aftermath of the Asian financial crisis 15 years ago.

17 Feb 2012 - 12:00am

Helping others from the heart

I have recently become quite involved with a charity here at university. I spend several hours a week at meetings, organising fund-raisers and publicising our events.

Some of my friends have been questioning me about why I devote so much of my time to a charity and what I have to gain from my work.

16 Feb 2012 - 12:00am

Dishonest charity sign-ups targeted

An alliance of 19 organisations has set up a code of conduct to repair damage to their public image caused by the behaviour of overly aggressive or dishonest charity fund-raisers, it said yesterday.

9 Feb 2012 - 12:00am

We must encourage more for-profit companies to run social businesses

I read with interest two articles on social enterprises by Lana Lam in Postmagazine ('Down to business' November 27) and Jake van der Kamp's ('Faint scent of snobbery behind social enterprise', November 29). The issues stem from three conceptual ambiguities regarding what social enterprises are or should be.

13 Dec 2011 - 12:00am

Charity work a bridge-builder to community

Corporate social responsibility builds a bridge between companies and the wider community they serve, according to Dumith Fernando, the managing director and chief operating officer of Credit Suisse Asia Pacific.

9 Dec 2011 - 12:00am

Social enterprises can help community to profit in dollars and moral sense

I refer to Jake van der Kamp's column ('Faint scent of snobbery behind social enterprises', November 29) where he once again accuses social enterprises of moral snobbery. Of course Jake is wrong but I don't blame him. Instead, the Hong Kong government needs to be held accountable for Jake's commonly held but incorrect view of the sector.

6 Dec 2011 - 12:00am

They're giving it all away

When Cheryl Wilson gave birth to her first daughter three years ago, friends and family showered her with so many baby gifts - many of them duplicates - that she ran out of storage space at home. She appreciated the kind gestures, but as a successful professional married to another one, she couldn't help seeing the gifts as something of a waste.

4 Dec 2011 - 12:00am