Global talent race: As people flock to Hong Kong’s elite visa scheme, questions emerge on criteria and diversity
SINGAPORE: Esteem many areas in Asia, Hong Kong has been busy rolling out the crimson carpet for global abilities.
In the metropolis’s case, it’s having a see to enhance from an exodus ended in by the pandemic and politics – and tens of thousands of other folks enjoy answered the decision below its Top Capacity Inch Scheme (TTPS) since its unhurried 2022 rollout, in step with legit figures launched final month.
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The tally dwarfs application numbers for elite visas by other regional economies much like Singapore. However absolute numbers usually are not basically an indicator of the blueprint’s effectiveness, analysts indicate as they point out Hong Kong’s “relatively much less stringent” requirements.
Questions about selection furthermore continue to hound the TTPS. Mainland Chinese language yarn for additional than 90 per cent of the approvals in a blueprint that targets world participation.
In the extinguish, young working professionals wishing to work in the fetch web page arguably stand to create basically the most, analysts point out.
“(The TTPS) might perchance furthermore just be a quicker route to working in Asia … they’ll enjoy the chance to form their community and form their portfolios internal even handed one of the dear fastest-increasing economies on this planet,” said Mr Leslie Tang, head of client solutions for Bigger China at recruitment firm Randstad.
TOP TALENT WANTED
Hong Kong’s TTPS objectives to “attract high abilities with rich work journey and factual tutorial abilities from all the contrivance by contrivance of the sector to rep opportunities in Hong Kong”, in step with the metropolis’s immigration division.
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Whereas outlining the notion in Dec 2022, Hong Kong’s Secretary for Labour and Welfare Chris Solar Yuk-han had said the metropolis’s immigration drive would target areas that regional rival Singapore wouldn’t, as quoted by the South China Morning Submit.
“Hong Kong’s Top Capacity Inch Scheme casts a a long way wider fetch than that of Singapore,” he said at the time.
Source: Reuters
