It really won’t take that much to make Hongkongers happier
Victor Fung urges the government to start small – by creating more good jobs for graduates and ensuring our MPF savings can be used on housing
People care about the quality of government, the quality and cost of housing, and education. And they are far from satisfied with how these issues are being addressed.
Quality of life in Hong Kong worsening with political struggles and astronomic housing prices, research finds
There has been nothing but bad news of late in the political, social and economic spheres, it seems.
Hong Kong has lost out to Singapore for many years as the destination for foreign and Chinese companies to set up international headquarters due to its lower tax regime. Hong Kong’s long-awaited plan to halve the corporate profit tax rate for eligible organisations only became effective on June 10. It might take a few years before we catch up with the Lion City in attracting firms to set up here.
Another bone of contention among educated young people in Hong Kong is that few university graduates can find a good job.
A recent Legislative Council secretariat survey found that fewer than half of graduates take up top managerial and professional jobs and they make less money than older graduates. The mismatch is because the creation of high-end jobs cannot keep pace with manpower supply.
