City wants to give professionals ‘a shot at success’ as it seeks to replenish its workforce. Read more at straitstimes.com.
SINGAPORE - Hong Kong authorities are granting work passes to more than 200 foreign and mainland Chinese professionals a day under an ambitious new scheme to attract top talents to the global financial hub, as the city shakes off the final shackles of its Covid-19 curbs that haveThe Top Talent Pass Scheme received some 3,800 applications in the first 10 days since its launch on Dec 28 – a daily average of nearly 400 submissions – and about 60 per cent of them have already been approved.
The scheme’s roll-out comes as Hong Kong, which had been cut off from much of the world for nearly three years, scrapped the last of its pandemic restrictions on travellers in December and. The city’s labour force has shrunk by some 140,000 people over the past two years, with about two-thirds of them considered highly skilled workers, and companies have been facing difficulties bringing in fresh talent to replenish their ranks.
“Not unlike my own experience, our talent scheme provides many of today’s young people… with the opportunity to come to Hong Kong to just try it out… We cannot guarantee that you will definitely succeed, but we will give you the chance – a shot at success.”the Overseas Networks and Expertise Pass “Some of the very successful businesses in Hong Kong are coming to Singapore. And equally, we see many very successful entrepreneurs in Singapore going to Hong Kong to expand. So this is how our two cities are using our own advantages to generate greater returns for all.”
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