Media reputation in initial public offerings: A study of financial news coverage in Hong Kong

This study investigated media reputation in initial public offerings (IPOs) by proposing eight attributes of substantive media reputation from environmental and product-resource perspectives. A content analysis on financial news coverage (2281 newspaper articles from 2004 to 2010) in Hong Kong was conducted to examine how print media reported financial and nonfinancial information on 38 IPO firms in the sectors of financial, properties and construction, and consumer goods. Results from partial least squares analysis showed that, although substantive media reputation and recency of news coverage together only explained a small proportion of changes in IPO share price, substantive media reputation has a significant positive effect on changes in IPO share price. Apart from the significant positive effect from the presentation tone of environmental attributes, the tone of social attributes had a significant negative effect on substantive media reputation. With the increasing concern on measuring media reputation attributes in financial news coverage across different contexts, this study contributes to the applicability of environmental and product-resource attributes in the specific context of IPOs.     

Examining the impact of news attention and education on political tolerance in Hong Kong

This study examines the interrelationships amongst and between news attention, education, and political tolerance. Based on the theoretical presumption that the mainstream news media tend to reflect the prejudices and ideologies of the dominant groups in a society, news portrayal of groups regarded as deviant and/or controversial can be expected to be negative in valence. Hence, news attention is expected to lead to more negative attitudes toward such groups, which in turn breeds intolerance toward them. Meanwhile, education may moderate the relationship between news attention and tolerance. Research questions and hypotheses are examined through analyzing the data from a representative survey conducted in Hong Kong. The findings confirm the negative, indirect effect of news attention on tolerance through attitude toward deviant groups. Education is also found to relate to tolerance in a complicated and contradictory manner: while education has a direct positive effect on tolerance, it also strengthens the negative impact that attitude toward deviant groups has on tolerance. The theoretical and social implications of the findings are discussed.     

Post-handover identity: contested cultural bonding between China and Hong Kong

This study examines the formation of Hong Kong identity and its cultural articulation in Chinese identity in the post-handover years. Surveys of Hong Kong identity conducted between 1996 and 2016 demonstrate a set of interlinked yet contradictory findings: (i) the coexistence of both cultural pride in and resistance to cultural icons that represent the Chinese state; (ii) weakening correlations between China and Hong Kong regarding cultural affiliation; and (iii) the growing significance of cultural resistance to China by people who love Hong Kong. The survey results indicate the prevalence of an ambivalent identity in post-handover Hong Kong with regard to the coexistence of opposing attitudes toward Chinese identity. These results provide evidence of the complex cultural bonding between China and Hong Kong in the development of the China–Hong Kong relationship since the handover in 1997.     

Cross-border retirement migration plan in Hong Kong middle-aged adults

The purpose of this study was to determine factors affecting cross-border retirement migration plans in Hong Kong using a life-course model as the framework. Data were based on a representative random sample of 1867 adults aged between 45 and 59, who were interviewed in person in 2001. About 6.7% of these respondents planned to migrate to Mainland China after retirement or when they become older. Those who planned to migrate to Mainland China (n=126) were more likely to be male, to be employed in white-collar occupations, to have attained higher levels of education, and to possess non-self-occupied properties, but less likely to live with adult children than those who did not plan to migrate at all (n=1699). The Government must examine and anticipate the socio-economic impact of this future retirement migration on Hong Kong and formulate measures to effectively reduce its negative consequences.     

Being Indian in post-colonial Hong Kong: Models of ethnicity,culture and language among Sindhis and Sikhs in Hong Kong

Using data from four focus groups, this paper examines the ways in which Hong Kong Sindhis and Sikhs talk about ethnic identities and their relationships to culture and language. It finds that in all the groups, a range of different ‘cultural models’ (Gee, 1999 Gee, James Paul. 1999. An Introduction to Discourse Analysis: Theory and Method, London: Routledge.  [Google Scholar]) of ethnicity, culture and language are drawn upon, with the same participants sometimes using several different models as they position themselves within the group discussions. However, the data also suggest that there may be a tendency for the two communities to foreground different models of ethnicity. Specifically, Sikh participants tend to draw more on an essentialist model of ethnicity than do the Sindhis, while the Sindhis seem to be more prepared to draw on more flexible models of the relationships between identity, culture and language.     

Business as usual: the UK national daily press and the Occupy Central movement

This essay reviews the coverage of the Occupy Central movement in the UK national daily press from the first notice of the growing movement in July 2013 to the time of writing in January 2015. This is a relatively small subset of the total mentions of Hong Kong in the UK press, which cover a wide range of cultural, leisure, sport, and business stories. Hong Kong is very far from invisible to the UK press in “normal” times but, given that the UK is the former colonial power in Hong Kong, and that the terms under which the territory was returned to China were formalized in an inter-state agreement between the UK and China (the Joint Declaration, ratified in 1985), it is reasonable to assume that developments in the constitutional situation would attract very considerable attention on the part of the UK government. Studies of foreign news suggest that nationally specific factors tend to influence news salience so we would concomitantly expect that the UK newspaper press would devote substantial amounts of space to reporting and discussing the issues raised by these developments.     

Rhythmanalysis as a tool in social analysis on ethnicity in Hong Kong

This article applies Henri Lefebvre’s concept of rhythmanalysis to an exploration of ethnicity in Hong Kong. It argues that rhythmanalysis has tended to be used in social geography, architectural research, and cultural studies and has been overlooked as a methodological tool in regard to ethnicity. An historic narrative of ethnic diversity in Hong Kong is contrasted with contemporary transformations. It is argued that rhythmanalysis presents an alternative perspective that can deepen knowledge about enduring social patterns that serve to contextualise ethnicity and ethnic relations in a given space. In conclusion, it is argued that there is a need for greater recognition of ethnic diversity in Hong Kong as a means to assert a more confident and secure local identity.     

影响高密度城市的城市更新因素——以香港为例

香港高密度城市发展模式闻名于世。这种模式的形成或是由于城市新的发展需要,或是由于城市更新,后者是目前香港政府为提高公众居住条件和建成环境质量所使用的主要手段。本文聚焦城市更新,旨在突出当前香港城市改造实践中的不足,并从文献中筛选出影响城市设计的主要考虑因素,阐析它们如何能够从各方面支持本地社区发展。笔者通过问卷调查及后期资料分析,搜集和评估了香港专业设计人士与市民的意见,提炼出提升城市更新项目可持续性的关键设计因素。但愿本文的结论能为香港的开发商、城市设计者以及政府官员在日后的可持续城市更新项目中带来启示。     

The paradox of academic determinism and adolescent romance in Hong Kong

How do adolescents negotiate romance in an environment that is hostile to it? Why do they seek out and practice romantic engagements despite negative sanctions? This paper addresses these questions by examining how Hong Kong Chinese adolescents narrate and practice romance in the context of academic determinism – the discourse that academic success is the most important determinant of young people’s futures. I discuss how academic determinism shapes their narratives, ideals and practices of romance. I also analyse the paradox of academic determinism – how it simultaneously de-legitimises adolescent romance and fuels young people’s desire for it. By focusing on transactions between young people and their environments, this paper makes a unique contribution towards theorising how young people negotiate and practice romance in the context of academic pressure, adult surveillance and control.     

Gender Matters: Rethinking the Childcare Model in Hong Kong

This study aims to reveal the gendered practices in childcare under the family care model and the effects of these practices on carers in Hong Kong. Familial ideology remains a dominant welfare principle in childcare policy in Hong Kong, which assumes that family care is the best form of care provision. However, this policy assumption fails to respond to the needs in childcare arising from the social changes and development. The suggested possible solution for this issue is the shifting of the family care model to the social care model, in which childcare responsibilities are shared between the family and the state.     

Sick building syndrome and perceived indoor environmental quality: A survey of apartment buildings in Hong Kong

The outbreak of a highly communicable disease, SARS, in Asia in 2003 has revealed the health risk of living in a high-density environment. To show the important connection between human health and environmental quality, this study surveys the prevalence of sick building syndrome (SBS) among apartment residents and their evaluation of indoor environmental quality (IEQ). Based on a sample of 748 households living in Hong Kong, two interesting findings are revealed: (1) nasal discomfort was the commonest home-related SBS symptom despite the absence of any central ventilation system in apartment buildings; (2) noise, rather than ventilation, was the major IEQ problem perceived by residents. Our statistical analysis further showed that residents with SBS symptoms were less satisfied with their IEQ than those without. That is, despite a positive evaluation of specific IEQ criteria with respect to the building residents lived in, if they reported feeling SBS related symptoms, the overall IEQ evaluation of their building could still be negative. This perception bias gives rise to a sample selection problem in measuring perceived IEQ, which has implications on housing management practices and the formulation of a healthy housing policy.     

Recent Developments in Welfare to Work in Hong Kong

Summary

The Asian financial crisis (1997) has created a social care crisis resulting in rising unemployment, poverty, income inequalities and homelessness. Although faced with dwindling public finances, the Hong Kong Special Administrative Region (SAR) government had been compelled to tackle these problems. However, it has been attracted to the neo-liberal recipe: changing the subvention system to a block grant, curbing social spending, and tightening eligibility for social assistance. Notably, the introduction of the Intensive Employment Assistance Projects (IEAPs), which are the first welfare to work programs in East Asia, has become a major policy tool. This paper reports on a study of the impact of the projects, one of the key pillars for welfare to work programs. The IEAPs were found to have brought about positive changes in welfare clients' motivation to work and sense of self-reliance. Social workers from both traditional and progressive NGOs have etched, in various ways, their place in the welfare to work programs and contributed to the debate on welfare reform in Hong Kong.     

Social and Psychological Barriers to Private Retirement Savings in Hong Kong

Using a phone survey conducted among Hong Kong workers, we examined the association of institutional, social, and psychological factors with engagement in both private retirement savings and the total amount of savings. Alarmingly, this study demonstrates that approximately 42% of Hong Kong workers do not save privately for their retirement. We found that age, education, number of children, support from spouse and friends, social regulation, perceived financial knowledge, and financial management capacity are associated with engagement in private retirement savings. Among those who saved, age, education, perceived financial knowledge, and financial management capacity are related to the amount of savings. Measures that could increase the social support for retirement savings as well as enhance their financial knowledge and management ability should be developed and implemented so that more workers engage in private retirement savings. A promising policy option for the Hong Kong government is to offer a tax incentive to promote additional savings for old-age income protection.     

香港战略规划要点及对上海建设卓越全球城市之借鉴

通过港澳地区调研发现,"面向未来30年的上海"发展战略研究与"香港2030+"战略规划在研究方法、规划理念、策略导向等方面存在部分趋同性.由于"香港2030+"侧重于空间规划,更多以突破城市当前和潜在发展短板为出发点,其在城市定位选择、具体策略制定等方面对"面向未来30年的上海"发展战略研究具有一定启示意义.同时,香港特区政府中央政策组、香港规划署、香港大学、澳门科技大学的专家也对上海建设卓越全球城市提出一系列建议.     

Negotiating multiple boundaries: diasporic Hong Kong identities in the United States

The 1997 return of the British colony Hong Kong to mainland China has prompted the largest exodus of Hong Kong migrants to western countries such as Australia, Canada and the United States in the 1980s and 1990s. While the transnational capital accumulation and life strategies of Hong Kong business elites has been well documented, little has been written on pre-1997 Hong Kong immigrants who are from non-elite backgrounds. Based on ethnographic research in Chicago, this article explores the flexibility and multifarious nature of identity construction among two generations of Hong Kong immigrants: those who arrived in the United States during the 1960s-1970s and those who did during the 1980s -1990s. I identify class positioning in the Chinese disaporic community and racialization experience in the larger U.S. society as two important factors in mediating the boundary making strategies of different groups of Hong Kong immigrants.     

Anti-hierarchical activism in Hong Kong: the post-80s youth

In 2009, a political youth movement known as the Post-80s emerged in Hong Kong to protest against the construction of a high-speed railway. While local academics and government officials framed the motivations of these youth protesters using economic rationales, I argue here that the Post-80s are better understood as conveying their dissatisfaction towards existing political structures in the city. This profile sets out Post-80s criticisms of the entrenched hierarchical dynamics in Hong Kong political culture that has shaped interactions between the government, political parties and the wider population, and discusses how the Post-80s have responded to the representational imbalances imposed by these hierarchical practices in the local political sphere by advocating for a way of doing politics where individual voices (as opposed to the collective) are emphasized, and where horizontal structures are used. I conclude by exploring the repercussions of this critique on recent political discourses and protests observed in Hong Kong.     

城市历史建筑保护对策研究——以粤港为例

随着经济和商业社会的发展,城市开发建设不同程度地蚕食历史建筑,破坏历史街区的整体风貌。历史建筑是人类发展痕迹的见证,一定程度上反映着地域文化。保护历史建筑也是保护地域文化。粤港政府在历史建筑保护工作方面积累了不少经验,通过分析粤港两地历史建筑保护措施,提出对城市历史建筑保护与利用的对策建议。     

Social bonds and male juvenile delinquency while on probation: An exploratory test in Hong Kong

The Hong Kong probation system is considered as the least researched component within the criminal justice system. Therefore, limited information is known about the Hong Kong probation system and offenders who are serving their probation order, especially in the juvenile population. This study is among the first to examine the differential effects of social bonds (Hirschi, 1969), measured during their probation period, on theft and violent delinquency in a saturated sample of 94 juvenile male probationers (aged 14 to 20 years) in Hong Kong. As expected, findings indicate that poor parental bonding and negative belief in the legal system are likely to increase the propensity to commit theft and violent delinquency, respectively, including the probation period. However, though not uncommon, the increase level of involvement in organizational activities is likely to result in the increase of propensity to commit violent crime, even during the probation period. This study further offers the implications for social services that target the juvenile offenders in terms of fostering a healthy parent-child bonding and a clear understanding of the criminal justice system via the enhancement of the police-youth relationship. Limitations and future research directions are also outlined.     

Disclosure and Psychological Well-Being of Sexually Abused Adolescents in Hong Kong

The role of disclosure on psychological well-being of adolescents with child sexual abuse experience was investigated in a subsample of 74 disclosers among 800 adolescents recruited in the community in Hong Kong. The results supported that CSA experiences have differential impact on adolescents’ psychological well-being. Family characteristics of the disclosers accounted for only a small amount of the variance in an array of psychological well-being measures. CSA characteristics were robust predictors of disclosers’ sexual eroticism and externalizing behavioral symptoms. Disclosers’ cognitive appraisal of CSA experience and quality of parental attachment were strong predictors of their self-esteem and internalizing behavioral problems. After controlling for the aforementioned factors, negative disclosure experience still significantly predicted lower self-esteem, higher sexual anxiety, more internalizing behavior, and more severe post-traumatic stress disorder responses. Research to understand the factors that generate negative disclosure experiences is needed for developing effective intervention strategies to mitigate the negative consequences of disclosure.     

Assisted homeownership, investment and their roles in private property price dynamics in Hong Kong

Hong Kong not only has one of the most institutionally-involved housing markets, but also one of the most developed stock markets in the world. In the meantime, the function of real estate has become increasingly important, yet increasingly vague at the same time. This paper attempts to explore the significant factors in the price adjustments of residential properties. It is found that while most market fundamentals are not significant in explaining property price movements, the roles of investment concerns and of government policy changes in assisted homeownership (HOS) are much more critical in this regard. On the one hand, real estate prices are driven more by investor demand, rather than by user demand; and residential properties are used to hedge against price risks in the stock market, instead of against inflation. On the other hand, while the upgrading hypothesis is confirmed in this study, the situation of Hong Kong turns out to be a bit different from the Singapore experience. As the production of HOS flats is suspended until further notice, the resale HOS market has managed to pull a fraction of homebuyers from the private sector. This particular finding shows that the government’s decision to suspend HOS flat production and sale in Fall 2002 has not accomplished what was intended to achieve. Instead, this leads to several implications, which are then discussed.