https://www.scmp.com/rss/506057/feed Kelvin Ho-Por Lam is a Hong Kong district councillor for the Southern district and a former HSBC Greater China economist. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Before we look at the pros and cons of injecting HK$5.4 billion (US$696 million) in emergency funding into Ocean Park from public coffers, it is worth examining the reasons for its financial failure: its China-centric business model, imprudent corporate governance and financial budgeting, and a poor marketing and branding strategy. Ocean Park’s struggles reflect the challenges of the wider Hong Kong economy – a small, open economy overreliant on Chinese demand. Since 2003, the theme park’s... https://www.scmp.com/comment/opinion/article/3085736/ocean-park-failures-how-government-policy-both-cause-and-cure?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3085736/ocean-park-failures-how-government-policy-both-cause-and-cure?utm_source=rss_feed Mon, 25 May 2020 22:30:08 +0000