{"id":13380,"date":"2023-05-23T15:49:42","date_gmt":"2023-05-23T15:49:42","guid":{"rendered":"https:\/\/jmsc6110a.com\/capstone2023\/?p=13380"},"modified":"2023-05-30T03:55:29","modified_gmt":"2023-05-30T03:55:29","slug":"does-hong-kongs-new-talent-scheme-help-solving-its-labour-problems","status":"publish","type":"post","link":"https:\/\/jmsc6110a.com\/capstone2023\/does-hong-kongs-new-talent-scheme-help-solving-its-labour-problems\/","title":{"rendered":"Can a Talent Scheme Solve Labour Shortage?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; fullwidth=&#8221;on&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_fullwidth_header title=&#8221;Is Hong Kong\u2019s New Talent Scheme Solving Its Labour Problems?  &#8221; text_orientation=&#8221;center&#8221; header_fullscreen=&#8221;on&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; title_text_align=&#8221;center&#8221; title_text_color=&#8221;#000000&#8243; title_font_size=&#8221;32px&#8221; content_text_color=&#8221;#000000&#8243; subhead_font=&#8221;||||||||&#8221; subhead_text_align=&#8221;center&#8221; subhead_font_size=&#8221;24px&#8221; background_color=&#8221;#FC9569&#8243; background_image=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/talent-scheme-header-new.jpg&#8221; title_text_shadow_style=&#8221;preset1&#8243; content_text_shadow_style=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>&nbsp;<\/p>\n<p>By Susan Su Xuan &amp; Iris Rong<\/p>\n<p>[\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; da_disable_devices=&#8221;off|off|off&#8221; global_colors_info=&#8221;{}&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221;][et_pb_row _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\"><span class=\"dropcap\">I<\/span>n early February, Vivian Ma, a 33-year-old mother of two, learned about Hong Kong\u2019s newest talent attraction scheme from her college alumni online chat group.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A graduate from Sun Yat-sen University \u2013a first-tier mainland university \u2013 with nearly seven years of working experience, Ma found herself easily fitting the bill. She didn\u2019t know much about Hong Kong and had no immediate plan to relocate either.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI just think it is a good opportunity, and gave it a try out of convenience,\u201d Ma said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.immd.gov.hk\/eng\/services\/visas\/TTPS.html\"><span style=\"font-weight: 400;\">Top Talent Pass Scheme<\/span><\/a><span style=\"font-weight: 400;\"> (TTPS), launched by the Hong Kong government last October, targets well-skilled high-earners and degree-holders from the world\u2019s top 100 universities.<\/span> <span style=\"font-weight: 400;\">Successful applicants would be granted an unconditional two-year visa in Hong Kong without even having to secure a job offer first.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ma, an administrative staff member at a renewable energy company, lives with her husband and two kids of eight and two respectively, in Wuhan, Central China. The couple is expecting another child this summer. Initially, she planned to give birth to her third child in Hong Kong after obtaining the visa. However, after some consideration, she changed her mind and decided to stay in the mainland.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/Talent-Scheme-1-scaled.jpg&#8221; title_text=&#8221;Talent Scheme 1&#8243; admin_label=&#8221;Image 1&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;40px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Caption&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: left;\"><em><span style=\"font-weight: 400;\">Central is considered the business district of Hong Kong. (Credit: Safiullah Ahmadzai)<\/span><\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">\u201cMost of my alumni, including myself, had little knowledge about Hong Kong before we applied for this scheme. We all have a stable and comfortable life here in the mainland. Why should we move to Hong Kong? We were just testing the water.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though many mainland Chinese people applied for the scheme, not many actually come to Hong Kong.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the <\/span><a href=\"https:\/\/news.rthk.hk\/rthk\/ch\/component\/k2\/1700411-20230513.htm?archive_date=2023-05-13\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> released on May 13 by Chris Sun Yuk-han, the secretary for labour and welfare, the Hong Kong government has received approximately 27,000 applications for TTPS over the past six months. He also mentioned that two thirds of applicants were from the mainland, and a notable number of overseas applicants also have a mainland background. Currently, around 17,000 applications have been approved. Among those 10,000 applicants who have successfully obtained a visa, half of them have already come to Hong Kong.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the new scheme has also been under scrutiny and criticism since its launch for its lack of immigration preparation services, which includes job hunting and living checklists.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The easy application process \u2013 which usually takes about four weeks \u2013 has apparently nudged many to apply even though they do not have plans to move to Hong Kong, let alone join its labour force or contribute to the city\u2019s economy.<\/span> <span style=\"font-weight: 400;\">After successfully obtaining the visa, a lot of them hesitate to relocate to Hong Kong. Some of them are even taking advantage of the scheme to attain the city\u2019s entry permits for various other purposes other than employment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Designed to stem the financial hub\u2019s record brain drain and boost its competitive edge in the global competition for top talent, the scheme hasn\u2019t been able to attract the sort of talent it most needs: professionals with rich working experiences. Under the booming application number, the actual effectiveness of the scheme to fill the labour shortage has been called into doubt.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/Talent-Scheme-2-Crowded-place-scaled.jpg&#8221; title_text=&#8221;Talent Scheme 2 (Crowded place)&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;40px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Caption&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: left;\"><em><span style=\"font-weight: 400;\">\u00a0People are walking across a pedestrian bridge in central Hong Kong Island. (Credit: Safiullah Ahmadzai)<\/span><\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe cannot judge whether the scheme is successful or not by merely looking at the number of applicants, but rather to see whether the size of the workforce can return to its previous level,\u201d said Professor Chong Tai Leung, Associate Head of New Asia College and Associate Professor of Economics at the Chinese University of Hong Kong.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Describing the government&#8217;s new talent scheme as \u201cineffective\u201d, Professor Chong said that the government\u2019s approach to solve the city\u2019s labour loss problem is not well-thought-out, as lowering the entrance standards to attract talent is obviously far from enough. It\u2019s an act of policy expediency but not conducive to a long-term solution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIn fact, the government introducing this new scheme is like handing in homework just for the sake of it, while not caring much about the final grade \u2013 the outcome,\u201dChong said. <\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Labour Shortage&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>Labour Shortage<\/b><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\"><span class=\"dropcap\">H<\/span>ong Kong is facing a dire shortage of skilled labour. The unstable political environment, mass protests, followed by the strict covid-19 regulations, resulted in a huge wave of population outflow.\u00a0 According to <\/span><a href=\"https:\/\/www.censtatd.gov.hk\/sc\/web_table.html?id=210-06202\"><span style=\"font-weight: 400;\">Census and Statistics Department\u2019s data<\/span><\/a><span style=\"font-weight: 400;\"> released on April 3, Hong Kong\u2019s labour force dropped 2.4 percent year on year in 2022, which is a loss of 94,000 workers. This percentage dip made a record for the largest drop since 1985. Among them, the group aged 25 to 29 became the majority, contributing to a total of 28,200.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/13693607\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<p>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">The Hong Kong government has been seeking to counteract this record human resources outflow. In the <\/span><a href=\"https:\/\/www.policyaddress.gov.hk\/2022\/en\/p29.html\"><span style=\"font-weight: 400;\">2022 policy address<\/span><\/a><span style=\"font-weight: 400;\">, the government has successively launched a couple of new policies, including relaxing the Quality Migrant Admission Scheme admission, introducing the Top Talent Pass Scheme which has a lower application threshold, and extending the work visa period from one year to two years for non-local graduates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Li Zhi, who works at Juyi Overseas, a mainland migration agency that specialises in Hong Kong immigration, said the number of people who came to consult Hong Kong immigration doubled after the launch of TTPS.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAbout 200 people come to inquire about Hong Kong immigration every month,\u201d she said. \u201cIn the past, people were more inclined to know about the Quality Migrant Admission Scheme, and now the new scheme gives them more choices.&#8221;<\/span><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/Talent-Scheme-3-Immigration-Office-new-scaled.jpg&#8221; title_text=&#8221;Talent Scheme 3 ( Immigration Office)-new&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;40px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Caption&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: left;\"><em><span style=\"font-weight: 400;\">People walk to the immigration office in Wan Chai. (Credit: Safiullah Ahmadzai)<\/span><\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||40px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Dr. Vera Yuen Wing-han, an economics lecturer at HKU Business School, pointed out that Hong Kong is losing its working population, and is left with increasingly more elderly people, but the government\u2019s new talent attraction scheme failed to solve that problem effectively.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_testimonial author=&#8221;Dr. Vera Yuen Wing-han from HKU Business School&#8221; portrait_url=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/\u5fae\u4fe1\u56fe\u7247_20230530001828-1.jpg&#8221; quote_icon_color=&#8221;#E09900&#8243; portrait_width=&#8221;150px&#8221; portrait_height=&#8221;150px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; author_text_align=&#8221;left&#8221; author_line_height=&#8221;1em&#8221; custom_padding=&#8221;||||false|false&#8221; animation_style=&#8221;zoom&#8221; box_shadow_style=&#8221;preset2&#8243; box_shadow_style_image=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>\u201cIn general, the policy just wants to fill the population gap, and the government thinks that it would slow down the decreasing competitiveness of Hong Kong before they can figure out ways of economic growth in the future. Therefore, the talent scheme is more like giving out easy visas.\u201d<\/p>\n<p>[\/et_pb_testimonial][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;\u201cA Good Springboard\u201d&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; custom_padding=&#8221;30px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>\u201cA Good Springboard\u201d<\/b><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\"><span class=\"dropcap\">G<\/span>uo Yanbing, a 32-year-old woman from the southeast port city Xiamen, said she used her TTPS visa mainly for the convenience of visiting Hong Kong with her family \u201cas a tourist visa\u201d. Guo received her approval letter in March, one month after her application.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After giving birth to her two kids in the United States, her plan is to immigrate there with her family. The family made a visit to Hong Kong in early April to register for the Hong Kong Identity Card, after her husband and her two kids got the visa as her dependents.<\/span><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\"><\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHong Kong is a good springboard, not too far from my hometown Xiamen, and it will be easy to move to other places in the future,\u201d Guo said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Guo has been working in the architecture field for many years. She found Hong Kong\u2019s job market rather grim, with few companies in her industry offering positions. She is currently looking for job opportunities from\u00a0 her alumni chat groups.\u00a0<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>Where are the Jobs?<\/b><\/h1>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_3,2_3&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; custom_margin=&#8221;-25px||-27px||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/ZHANG-Luoyu.jpg&#8221; title_text=&#8221;ZHANG Luoyu&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-20px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><em>\u00a0Zhang. (Credit: Zhang Louyu)<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\"><span class=\"dropcap\">H<\/span>ong Kong is regarded as an international financial centre, but securing a job in Hong Kong could be hard even for finance major graduates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">26-year-old Zhang Luoyu graduated from the University of Sydney, with both a bachelor\u2019s and a master\u2019s degree in finance. After successfully obtaining the visa in early April, she had a strong intention to work in Hong Kong, believing this financial hub could provide her with more opportunities. Although she would eventually like to return to the mainland, she thinks the working experience in Hong Kong would benefit her future career prospects.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Where are the Jobs?&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">However, she didn\u2019t realise that finding a job in Hong Kong would be so difficult until she started to apply online through job searching websites such as JobsDB and Indeed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe application results were not good,\u201d Zhang said. \u201cMost of my submissions were unreviewed, and some replied to me that the position has already expired. I had few positive responses.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, as a Beijing native, she found herself more popular in the mainland labour markets. Without receiving any satisfying responses from Hong Kong, she suspended her moving plan and decided to stay in Beijing for now.<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;An Expensive and Tough City for New Life&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>An Expensive and Tough City for New Life<br \/><\/b><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\"><span class=\"dropcap\">H<\/span>ong Kong\u2019s high cost of living, tough job markets, expensive housing markets, and lack of family welfare policy for new immigrants make those well-educated, middle-aged mainlanders with considerable working experiences \u2013 the TTPS\u2019s target groups \u2013 think twice about moving to Hong Kong.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/Talent-Scheme-4-Travelers-at-HK-Airport-new.jpg&#8221; title_text=&#8221;Talent Scheme 4 (Travelers at HK Airport)-new&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;40px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Caption&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: left;\"><em><span style=\"font-weight: 400;\">Check-in counter area at Hong Kong International Airport.\u00a0(Source: Wikimedia Commons)<\/span><\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||40px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; font-size: 18px; font-family: Lato, Helvetica, Arial, Lucida, sans-serif;\"><span style=\"font-weight: 400;\">Ma, the mother based in Wuhan, said it won\u2019t be easy to relocate the entire family to another city.<\/span><\/p>\n<p style=\"font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; font-size: 18px; font-family: Lato, Helvetica, Arial, Lucida, sans-serif;\"><span style=\"font-weight: 400;\">\u201cNot like those younger graduates, it is a big challenge for us to start over a new life in another city as the middle-aged group, especially when you have children,\u201d she said.<\/span><\/p>\n<p style=\"font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; font-size: 18px; font-family: Lato, Helvetica, Arial, Lucida, sans-serif;\"><span style=\"font-weight: 400;\">Apart from her preference for the mainland&#8217;s public education system, Hong Kong\u2019s high living expenses also made her retreat.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In late March, Ma came to Hong Kong to activate her visa and register for a Hong Kong Identity Card. At the same time, she started to learn about the local housing market. With the initial expectation of spending around thirty to forty thousand per month on renting, the actual rent reached fifty to sixty thousand. She also calculated that the education expense to raise her three children would be much lower in the mainland.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_testimonial author=&#8221;Professor Chong Tai Leung from CUHK&#8221; portrait_url=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/\u5fae\u4fe1\u56fe\u7247_20230530001832.jpg&#8221; quote_icon_color=&#8221;#E09900&#8243; portrait_width=&#8221;150px&#8221; portrait_height=&#8221;150px&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; author_text_align=&#8221;left&#8221; author_line_height=&#8221;1em&#8221; animation_style=&#8221;zoom&#8221; box_shadow_style=&#8221;preset2&#8243; box_shadow_style_image=&#8221;preset1&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>\u201cTo effectively introduce talents and make them stay, I think the best way is to <em><strong>offer them substantial benefits<\/strong><\/em>, especially in terms of <em><strong>education and health care<\/strong><\/em>. To think from their perspectives, like getting them to <em><strong>pay less taxes or lowering their children&#8217;s schooling fees<\/strong><\/em>. We are not attempting to attract people who still need training, but those with experience and the ability to make money.\u201d<\/p>\n<p>[\/et_pb_testimonial][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;A Gaping Mismatch&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; custom_padding=&#8221;||0px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; custom_padding=&#8221;30px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>A Gaping Mismatch<\/b><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\"><span class=\"dropcap\">T<\/span>wo-thirds of Hong Kong\u2019s 1.4 million loss in the labour force between the second quarter of 2020 and the second quarter of 2022 are high-skilled workers, according to Chris Sun Yuk-han in \u201c<\/span><a href=\"https:\/\/www.info.gov.hk\/gia\/general\/202210\/20\/P2022102000708.htm#:~:text=%E9%81%8E%E5%8E%BB%E5%85%A9%E5%B9%B4%E5%8D%B3%E5%B0%8D%E6%AF%94%E4%BA%8C%E2%97%8B%E4%BA%8C%E4%BA%8C%E5%B9%B4%E7%AC%AC%E4%BA%8C%E5%AD%A3%E6%9C%AB%E8%88%87%E4%BA%8C%E2%97%8B%E4%BA%8C%E2%97%8B%E5%B9%B4%E7%AC%AC%E4%BA%8C%E5%AD%A3%E6%9C%AB%EF%BC%8C%E5%8B%9E%E5%8B%95%E4%BA%BA%E5%8F%A3%E4%B8%8B%E9%99%8D%E4%BA%86%E7%B4%8414%E8%90%AC%E4%BA%BA%EF%BC%8C%E9%80%99%E6%98%AF%E5%BE%88%E9%A1%AF%E8%91%97%E7%9A%84%E4%B8%8B%E9%99%8D%E3%80%82%E8%8B%A5%E5%86%8D%E7%B4%B0%E5%BF%83%E5%88%86%E6%9E%90%EF%BC%8C%E7%95%B6%E4%B8%AD%E5%B7%AE%E4%B8%8D%E5%A4%9A%E4%B8%89%E5%88%86%E4%B9%8B%E4%BA%8C%E5%B1%AC%E6%96%BC%E8%BC%83%E9%AB%98%E6%8A%80%E8%A1%93%E5%8B%9E%E5%8B%95%E5%8A%9B\"><span style=\"font-weight: 400;\">The Chief Executive&#8217;s 2022 Policy Address<\/span><\/a><span style=\"font-weight: 400;\">\u201d released last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAssociate professionals\u201d, such as health workers, air traffic controllers, interior designers, public relations and sales professionals, and IT managers, make up the largest share of all workforce losses in the past two years, according to the <\/span><a href=\"https:\/\/www.censtatd.gov.hk\/sc\/web_table.html?id=210-06307A\"><span style=\"font-weight: 400;\">Hong Kong Census and Statistics Department<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/Talent-Scheme.png&#8221; title_text=&#8221;Talent Scheme&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; transform_scale=&#8221;86%|86%&#8221; custom_margin=&#8221;-45px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Caption&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-90px||||false|false&#8221; custom_padding=&#8221;||30px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em><span style=\"font-weight: 400;\">Credit: Agnes Wang<\/span><\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_code _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/13705382\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<p>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">According to an <\/span><a href=\"http:\/\/www.takungpao.com\/news\/232109\/2023\/0413\/839017.html#:~:text=%E5%9C%A8%E8%AE%A1%E5%88%92%E4%B8%8B%E6%94%B6%E5%88%B0%E7%9A%84%E4%B8%A4%E4%B8%87%E4%BB%BD%E7%94%B3%E8%AF%B7%E5%BD%93%E4%B8%AD%EF%BC%8C%E8%B6%85%E8%BF%87%E4%BA%94%E6%88%90%E4%B8%BA%E6%8B%A5%E6%9C%89%E8%87%B3%E5%B0%91%E4%B8%89%E5%B9%B4%E4%BB%A5%E4%B8%8A%E5%B7%A5%E4%BD%9C%E7%BB%8F%E9%AA%8C%E7%9A%84%E7%99%BE%E5%BC%BA%E5%A4%A7%E5%AD%A6%E6%AF%95%E4%B8%9A%E7%94%9F%EF%BC%8C%E8%80%8C%E5%85%B7%E5%B0%91%E4%BA%8E%E4%B8%89%E5%B9%B4%E5%B7%A5%E4%BD%9C%E7%BB%8F%E9%AA%8C%E7%9A%84%E7%99%BE%E5%BC%BA%E5%A4%A7%E5%AD%A6%E6%AF%95%E4%B8%9A%E7%94%9F%E5%88%99%E5%8D%A027%25%EF%BC%8C%E9%AB%98%E8%96%AA%E7%B1%BB%E5%88%AB%E7%9A%84%E7%94%B3%E8%AF%B7%E4%BA%BA%E7%BA%A6%E5%8D%A022%25%E3%80%82\"><span style=\"font-weight: 400;\">article<\/span><\/a><span style=\"font-weight: 400;\"> penned by Sun in Ta Kung Pao in early April, more than half of the new scheme\u2019s 20,000 applicants are graduates with merely three years of working experience, and 27% are fresh grads with little professional experience. Among the successful applicants, half are under 30 years old and 80% are under 40 years old.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This led to a salient mismatch in terms of expertise and experience between the newly attracted talent and the labour outflow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI think the population gap will be slowly filled anyhow, but then it really depends on the speed of it and also the industry,\u201d said Dr. Yuen from HKU.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0\u201cI\u2019m not sure whether those people who come with talent scheme visas can exactly match what the Hong Kong industries want.\u201d Yuen said. \u201cBut it won\u2019t happen immediately, as it takes some time for the businesses to figure out what they would do if they don\u2019t have enough people.\u201d\u00a0<\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Rich People\u2019s Plans&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>Rich People\u2019s Plans<\/b><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\"><span class=\"dropcap\">A<\/span> large portion of immigration agent Li Zhi\u2019s clients are high-income applicants, whose annual income reaches HK$2.5 million or above.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cMost of them don&#8217;t plan to come to Hong Kong to work as they already have stable careers overseas or in mainland China. They are most concerned about obtaining permanent residence status,\u201d Li said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cCompared with the previous talent plan, the Top Talent Pass Scheme application threshold is lower, and the renewal process is easier for most applicants,\u201d she added.<\/span><\/p>\n<p>[\/et_pb_text][et_pb_code _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"flourish-embed flourish-chart\" data-src=\"visualisation\/13702169\"><script src=\"https:\/\/public.flourish.studio\/resources\/embed.js\"><\/script><\/div>\n<p>[\/et_pb_code][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span style=\"font-weight: 400;\">Xu Huiling, a 46-year-old housewife, has obtained a Hong Kong visa through TTPS category A, which requires applicants to reach an annual income of HK$2.5 million or above.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Xu has two children, and her husband runs a large furniture company. The family currently lives in Hangzhou, the capital city of Zhejiang province. Xu mentioned that one of their plans is to conduct parts of the business in Hong Kong, so that they can transfer some of their assets here.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cI applied for this TTPS visa also because I want to accompany my second child to study in Hong Kong, and he already has a Hong Kong permanent identity,\u201d Xu said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to China\u2019s one-child policy, Xu gave birth to her second child in Hong Kong to avoid the hefty fines. Her fifteen-year-old son is now studying at an international school in Hangzhou. Simultaneously, Xu is looking for other international schools in Hong Kong for him to continue studying.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The family has always had plans to immigrate, but <\/span><span style=\"font-weight: 400;\">has<\/span><span style=\"font-weight: 400;\"> not yet decided to leave or not. Besides, Hong Kong is not their primary choice.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe already have Spanish permanent residence status, and we chose Spain just because it\u2019s a European Union country,\u201d Xu said. \u201cIt is relatively simple to apply for. You can get permanent residence with a real estate of \u20ac500,000 (about HK$4,240,000).\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cNo matter Hong Kong or Spain, we want our children to have more choices,\u201d Xu added.\u00a0 <\/span><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Hong Kong\u2019s Edge&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>Hong Kong\u2019s Edge<br \/><\/b><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span class=\"dropcap\">B<\/span>ut on the other hand, Hong Kong still has its own unique advantage. For talents, particularly those specialised in the financial field and with an overseas education, Hong Kong is still an attractive place.<\/p>\n<p>\u201cWe can see an increased number of applicants from the mainland since the new talent scheme was introduced, from about 150 out of 1000 applicants to 300,\u201d said Patrick Wong, a campus recruiter at Ernst &amp; Young, a global accounting firm.<\/p>\n<p>Wong&#8217;s talent recruitment team began to make detailed plans for recruiting talent from the Greater Bay Area and expects to recruit more qualified mainland graduates in the next quarter.<\/p>\n<p>Joe Wang, 26, initially applied for the Quality Migrant Admission Scheme, which takes a longer time to process. During the review waiting period, TTPS was introduced. Although his working experience was limited, his application was approved within a couple of days because he had a finance degree from The University of New South Wales.<\/p>\n<p>\u201cIn the Asia-Pacific region, I think Hong Kong places number one as a financial centre, its position is unshakeable. For me, there are more opportunities,\u201d Wang said.<\/p>\n<p>\u201cBesides, I started to study abroad when I was in high school. Personally, Hong Kong\u2019s international environment makes me feel familiar and more comfortable,\u201d he added.<\/p>\n<p>Wang found a satisfying job as an investment banking analyst within one month after arriving in Hong Kong. He is looking forward to starting his new life here.<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/IMG_0271-scaled.jpg&#8221; title_text=&#8221;IMG_0271&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Caption&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<div class=\"et_pb_module et_pb_text et_pb_text_12  et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\n<p><em><span>The business district of Hong Kong is filled with skyscrapers. (Credit: Karin Lyu)<\/span><\/em><\/p>\n<\/div>\n<\/div>\n<div class=\"et_pb_module et_pb_text et_pb_text_13  et_pb_text_align_left et_pb_bg_layout_light\">\n<div class=\"et_pb_text_inner\">\u00a0<\/div>\n<\/div>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Many people like Wang, would like to use Hong Kong as a gateway to further develop their careers.<\/p>\n<p>Duke Sun helped his father, who is 52 years old, successfully apply for the TTPS visa through category B: experienced graduates. After graduating with a bachelor&#8217;s degree in mechanics, Sun&#8217;s father worked at an engine factory and a software company before running a software company with a friend in Shandong province, East China.<\/p>\n<p>Sun\u2019s father is working and living in Shandong province currently. Sun said that his father desires to work in Hong Kong. For them, the most attractive thing that Hong Kong can offer is the high salary, which also means the company could get software orders at higher prices.<\/p>\n<p>Sun works in Singapore. He learned that if his father wants to obtain a working visa in Singapore at the age of 50, he needs to find a job with a monthly salary of S$20,000 (about HK$117,000), which is very difficult.<\/p>\n<p>\u201cIn contrast, Hong Kong\u2019s TTPS is very easy to apply for,\u201d Sun said. \u201cIf my father can find a high-paid job in Hong Kong, it\u2019s good. If not, he will consider operating a company here in Hong Kong to attract more orders.\u201d<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Localise, Localise&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1><b>Localise, Localise <\/b><\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span class=\"dropcap\">A<\/span>part from trying to attract new blood to boost Hong Kong\u2019s anaemic labour market, the government is also creating job opportunities for local graduates.<\/p>\n<p>The Greater Bay Area Youth Employment Scheme was launched in 2021, and the government plans to regularise the scheme this year. This program aims to encourage companies to hire Hong Kong graduates to work in the Greater Bay Area, with a minimum monthly salary of HK$18,000.<\/p>\n<p>On March 30, the Labour Department held a job fair to attract Hong Kong graduates to work in the GBA, providing more than 3,000 job vacancies.<\/p>\n<p>[\/et_pb_text][et_pb_image src=&#8221;https:\/\/jmsc6110a.com\/capstone2023\/wp-content\/uploads\/2023\/05\/Talent-Scheme-6-People-are-going-to-work.jpeg&#8221; title_text=&#8221;Talent Scheme 6 ( People are going to work)&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;40px||||false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][et_pb_text admin_label=&#8221;Caption&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;-20px||||false|false&#8221; custom_padding=&#8221;||||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: left;\"><em><span style=\"font-weight: 400;\">Workers hustling to work by MTR. (Credit: Safiullah Ahmadzai)<\/span><\/em><\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>The Greater Bay Area (GBA), connecting Hong Kong, Macau, and nine cities in the Guangdong province, is designed to be an economic and commercial hub as part of national strategy. Cities complement each other to promote coordinated economic development.<\/p>\n<p>Hong Kong companies can enter the domestic market in the GBA with benefits from the government, such as simplified business procedures and relaxed regulations in some GBA cities. The fast-developing economic strategy area also enables Hong Kong companies to provide financial services to mainland enterprises and find new economic growth for the financial industry.<\/p>\n<p>But when it comes to incentivising local graduates to stay and work in Hong Kong, there is still a lot of room for improvement.<\/p>\n<p>\u201cI don&#8217;t see any new measures to promote graduates to stay in local employment. It&#8217;s all set in stone,\u201d the campus recruiter Wong said.<\/p>\n<p>The introduction of the new talent scheme instead brought in a flood of non-local fresh graduates to compete for local jobs, making the situation worse.<\/p>\n<p>In order to avoid \u201cdirect competition\u201d with local graduates, according to Sun Yuk-han, the Secretary for Labour and Welfare, TTPS sets an annual quota of 10,000 applicants for those who lack work experience.<\/p>\n<p>\u201cEnsuring the local community embraces foreigners needs more ground work, as the tensions between local and foreign talents are likely to emerge and must be managed carefully and proactively,\u201d Professor Christopher S. Tang, a Distinguished Professor at UCLA Anderson School of Management, wrote in his opinion piece.<\/p>\n<p>\u201cHong Kong has the ability to attract and retain the foreign talent it needs to develop as a global business hub, but much more effort is needed to make it so,\u201d he added.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Looking Ahead&#8221; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; width=&#8221;50%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; header_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Looking Ahead<\/h1>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;10px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p><span class=\"dropcap\">I<\/span>t has been six months since the initial launch of the TTPS, a couple of changes have been made to fix the existing loopholes in the process.<\/p>\n<p>[\/et_pb_text][et_pb_tabs _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; tab_font=&#8221;|700|||||||&#8221; background_color=&#8221;RGBA(255,255,255,0)&#8221; border_color_all=&#8221;#dbdbdb&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_tab title=&#8221;Change 1&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>As the government official stated at the Legislative Council meeting in early April, they will appropriately adjust the details of the scheme and optimise the application process based on application data and feedback from the Immigration Department, after being questioned about the low application threshold.<\/p>\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;Change 2&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>On February 21, the Immigration Department withdrew He Jiankui\u2019s TTPS visa. He was a Chinese scientist with a criminal record that was not notified in his application. He was sent to jail for three years in China for illegal medical practices after creating the world\u2019s first gene-editing babies.<\/p>\n<p>On the same day, the Labour and Welfare Bureau announced on social media that the Immigration Department would adjust the application process for TTPS and all applicants have to declare their criminal conviction records from February 22. Those who have applied but not been approved must also submit relevant documents.<\/p>\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;Change 3&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Regarding the criteria for applicants to be from the world\u2019s top 100 universities, the Chief Executive John Lee Ka Chiu said in a speech in March that he will instruct relevant departments to conduct a mid-term review of the scheme in the middle of this year, and \u201cactively consider adding more excellent schools to the current list\u201d.<\/p>\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;Change 4&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>An online platform was also created by the government in December after the latest talent scheme was introduced, providing support services for newcomers, especially in terms of living and working in Hong Kong.<\/p>\n<p>[\/et_pb_tab][et_pb_tab title=&#8221;Change 5&#8243; _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Apart from this, the Labour and Welfare Department is also working with various agencies to build the \u201cTalent Support Network\u201d which is expected to be launched in the middle of this year, Chris Sun Yuk-han said in the Legislative Council meeting on May 3. The Department is recruiting relevant persons to be responsible for attracting and supporting upcoming talents.<\/p>\n<p>[\/et_pb_tab][\/et_pb_tabs][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>To effectively attract talents to Hong Kong, economic experts said that offering good job opportunities is the key.<\/p>\n<p>\u201cEssentially, you need to have attractive job opportunities. If you have big corporations that have business in Hong Kong, or have branches in Hong Kong, that could attract talents to come,\u201d said Yuen from HKU.<\/p>\n<p>\u201cI don\u2019t think any kind of subsidies or whatever tax allowance would work, because Hong Kong already has a very low tax rate. By the end of the day, it\u2019s all about whether you can attract good business in one industry, so that it becomes a hub where talents would want to come. If they don\u2019t find good opportunities for their career development, they will go away quickly.&#8221;\u00a0<\/p>\n<p>[\/et_pb_text][et_pb_text _builder_version=&#8221;4.20.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p style=\"text-align: center;\"><em><strong>Extra Credits<\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><em><strong><\/strong><\/em><\/p>\n<p style=\"text-align: center;\"><em><strong>Advisor\u00a0 \u00a0<\/strong>Ting Shi<strong><br \/>Editorial Director\u00a0 \u00a0<span>\u00a0<\/span><\/strong>Hailey Yip<br \/><strong>Multimedia Director\u00a0 \u00a0<span>\u00a0<\/span><\/strong>Madeleine Mak<br \/><strong>Multimedia Producer\u00a0 \u00a0<\/strong>Daoli Zhang<br \/><\/em><em><strong>Illustrator\u00a0 \u00a0<\/strong>Agnes Wang<br \/><strong>Photographer\u00a0 \u00a0<\/strong>Safiullah Ahmadzai &amp; Karin Lyu<br \/><\/em><em><strong>Copy Editor\u00a0 \u00a0 \u00a0<\/strong>Agnes Wang<br \/><\/em><em><strong>Fact Checker\u00a0 \u00a0<span>\u00a0<\/span><\/strong>Larissa Gao<\/em><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hong Kong government introduced the Top Talent Pass Scheme last year, allowing high earners and degree holders to join the city&#8217;s workforce through a two-year visa. Though the scheme may be enticing, there are still concerns that are stopping many from coming over.<\/p>\n","protected":false},"author":41,"featured_media":14975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","ts_fic_featured_image_caption":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[69,13],"tags":[164,27,163,165],"ppma_author":[171],"class_list":["post-13380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-capstone-project-2023","tag-employment","tag-hong-kong","tag-talent-scheme","tag-work-visa","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Can a Talent Scheme Solve Labour Shortage? - HKU Journalism Capstone Project 2023<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jmsc6110a.com\/capstone2023\/does-hong-kongs-new-talent-scheme-help-solving-its-labour-problems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can a Talent Scheme Solve Labour Shortage? - HKU Journalism Capstone Project 2023\" \/>\n<meta property=\"og:description\" content=\"The Hong Kong government introduced the Top Talent Pass Scheme last year, allowing high earners and degree holders to join the city&#039;s workforce through a two-year visa. 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