• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
    • Frequency: Quarterly
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms. Fiona Chu
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HOME > Archive > 2022 > Volume 10 Number 3 (Jun. 2022) >
JOEBM 2022 Vol.10(3): 165-169 ISSN: 2301-3567
DOI: 10.18178/joebm.2022.10.3.692

Bridging the Wealth Gap in Hong Kong —— Take the Issue of Housing Prices as an Entry Point

Chikit Lam, Yuxuan Wang, and Weiran Zhang

Abstract—Wealth gap has always been a very prominent problem in Hong Kong, and has always been an unavoidable problem in terms of equity issues. Economists around the world have been persistently trying to figure out the reasons for the gap between the rich and the poor, with the aim of narrowing such a gap. In this paper, through the analysis of the data relevant to Hong Kong’s housing price, we have found out that one of the main reasons for the gap between the rich and the poor in this area is the overwhelmingly high housing price. Meanwhile, the lack of efficient administrative control has also widened the gap. We also notice that in some other places with similar situations of Hong Kong, the housing price has been well controlled. As a result, based on the reason we have figured out, we make a comparative analysis between Shenzhen's housing price maintaining policy with that of Hong Kong, and then put forward strategies for controlling housing prices in Hong Kong to promote economic equity.

Index Terms—Administrative control, Hong Kong, housing price, wealth gap.

Chikit Lam is with Jinan University, Guangzhou, China (e-mail: chikitlam26@gamil.com). Yuxuan Wang was with University of Economics and Law, Wuhan, China (e-mail: 1339608051@qq.com). Weiran Zhang is with the Central University of Finance and Economics, Beijing, China (e-mail: 2019312133@email.cufe.edu.cn).

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Cite:Chikit Lam, Yuxuan Wang, and Weiran Zhang, "Bridging the Wealth Gap in Hong Kong —— Take the Issue of Housing Prices as an Entry Point," Journal of Economics, Business and Management vol. 10, no. 3, pp. 165-169, 2022.

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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