HK's talent schemes should be industry-driven: DAB
The DAB has proposed that Hong Kong shift its push to attract talent from one that's driven by volume to one that's industry focused so as to better build it into an international hub for the highly skilled. The government has put in place a series of schemes since 2022 that has attracted more than 300,000 professionals so far. For instance, it said, more than 50 percent of those arriving under…
The DAB has suggested that Hong Kong should shift its focus on attracting talent from a volume-driven approach to an industry-focused model. The government has introduced various schemes since 2022, attracting over 300,000 professionals. More than 50% of those who arrived under the Top Talent Pass Scheme have applied to extend their stay by the end of February.
The proposed solution is to allocate quotas for specific industries, such as AI, to prevent a mismatch between talent and available jobs. Currently, applicants do not need to secure a job before arriving. Hong Kong's restructuring came after the top talent policy's introduction, and the government welcomed talent from all over the world for life and work, but some top talent could not find suitable jobs and had to switch industries.
The government should reduce the annual cap for category C applicants to 5,000 and create a new category focusing on new quality productive forces to address emerging industries. The government should also review manpower shortages more frequently, such as every six months, to better understand available job opportunities for talented individuals, local labor, universities, schools, and new industries.
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