2021 | News
Does the Lion Rock Spirit Still Work in Hong Kong? – The Final HKU Business School x HKGCC Webinar Explores Social Inequality in Hong Kong
Emerged in the era where the Hong Kong economy took flight, “Lion Rock spirit” has become the dogma among generations of Hong Kongers, that quality of life and social mobility could be achieved through grit and perseverance. But as the momentum of Hong Kong’s economic growth is slowly losing its velocity, opportunities to climb the social ladder dwindle. Low interest rates, excessive liquidity in the market, and the coronavirus pandemic have devastated the livelihood of the grassroots and widen the wealth gap to an unimaginable level. Many still live with the Lion Rock Spirit, but is there a Lion Rock Dream?