The Limited Times

Now you can see non-English news...

New crown pneumonia│Nearly 20% of social enterprise funds are only enough to operate for three months to organize and hope the government provides support

2021-01-28T11:52:31.923Z


Affected by the new crown pneumonia epidemic, all industries in Hong Kong have been affected, and the operation of social enterprises has become more difficult. The Hong Kong Federation of Social Enterprises released the results of a questionnaire survey today (28th), showing that half of the social enterprises had their business turnover under the epidemic


District 18 News

Written by: Lu Nuojun

2021-01-28 19:43

Last update date: 2021-01-28 19:43

Affected by the new crown pneumonia epidemic, all industries in Hong Kong have been affected, and the operation of social enterprises has become more difficult.

The Hong Kong Federation of Social Enterprises released the results of a questionnaire survey today (28th), which showed that half of the social enterprises' business volume fell by more than 50% or more under the epidemic, and nearly 20% of social enterprises said that their cash flow can only continue to support operations. Three months.

The association hopes that the government can provide support, such as launching a new round of employment protection programs to help social enterprises tide over the difficulties of the epidemic.

The Hong Kong Federation of Social Enterprises conducted the third round of questionnaire surveys in early January to understand the operating conditions of the social business community from November 2020 to December 2020.

(Photo by Lu Nuojun)

The Hong Kong Federation of Social Enterprises conducted the third round of questionnaire surveys in early January to understand the operating conditions of the social enterprise sector from November 2020 to December 2020. Finally, 222 valid questionnaires were successfully collected. About one-third of the total number of social enterprises in Hong Kong, of which about 35% of the catering industry (78 companies), 26.5% (59 companies) in the service industry, 23% (52 companies) in the retail industry, and nearly 15% of other industries ( 33), and the number of employees employed is about 1,500.

The investigation found that the government adopted different epidemic prevention measures during the epidemic, so that during the traditional peak consumption seasons such as Christmas and New Year, the business volume of more social enterprises fell sharply.

Among them, 50% of the social enterprises' business volume has fallen by more than 50% or more, which is a five-fold increase from the survey in September. The retail industry (69%) and the service industry (65%) are most affected, and even more 5%. Social enterprises have no income at all in the past six months.

In addition, 51% of social enterprises said they felt very negative about their sales expectations for the next year. The survey results in September showed that 3% of social enterprises had already closed their operations at that time, and another 3% were in operation from November to December. ; However, under the adverse market trend, 4% of social enterprises also expressed their business expansion.

When asked how long the current cash flow can continue to support operations, 19% of social enterprises said they could only last for less than 3 months, and 50% said they could last for one year or more.

Wu Hongzeng, president of the Hong Kong Association of Social Enterprises, said that the survey results reflect that social enterprises hope that the government can introduce more special measures.

(Photo by Lu Nuojun)

Wu Hongzeng, president of the Hong Kong Association of Social Enterprises, said that the survey results reflect that social enterprises hope that the government can introduce more special measures, including the hope that there will be a new round of employment protection scheme for at least half a year, the introduction of short-term jobs, and the disadvantaged or Special salary allowances for people with disabilities, renewal of rent relief arrangements for tenants of social enterprises in government departments and public institutions, etc.

Chen Xinhui, assistant general manager of social enterprises of the New Life Psychiatric Rehabilitation Association, pointed out that there will be 23 social enterprises, 13 of which are mainly engaged in the catering industry. The epidemic will have a great impact on business.

In addition to the sharp decline in the number of cafe customers in hospitals and universities, the turnover of Delight Kitchen, a food production workshop, has also fallen sharply from 1 million yuan in the past to now, describing that "there are thousands of mosquitoes in business that are considered good."

She pointed out that the workshops are also transforming and developing income, such as the introduction of food freezers. "I hope to find a way out and make a difference. With a high unemployment rate, it is even more difficult for people with disabilities to find jobs."

As for Healthy Wong, the founder of "Shan Dong Heng", he pointed out that under the epidemic, they switched from organizing physical hiking and running activities to online activities. Mobile applications and online platforms have given them more opportunities in the epidemic without limitation. The number and frequency of participants, plus cooperation with multinational companies to develop online activities with Hong Kong, Taiwan, Indonesia and other places, but the most hope is that the epidemic will pass as soon as possible and offline activities can be re-organized.

Social-enterprise restaurant 13°C winter meal and free shirt picker: the poor have dignity and choice

Unemployed flight attendants sent meals and donated money to grassroots Christmas food, airplane meals and received gift packages. Social enterprise: the epidemic is hard to see the truth

Social enterprise "rescue" herbal tea dregs from food workshops, using Zhongda's research and development formula to make organic compost to grow delicious vegetables

01Community

Social Enterprise New Coronary Pneumonia

Source: hk1

All news articles on 2021-01-28

You may like

News/Politics 2024-02-01T07:11:54.879Z

Trends 24h

News/Politics 2024-03-28T06:04:53.137Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.