Hong Kong's "Talent Rush" Gains Steam, Announces Several Measures

On October 25, the Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mr. K.C. Lee, delivered his second Policy Address in his term of office at the Legislative Council of the HKSAR, entitled"Struggle for economic development, benefit people's livelihood and add happiness."The

Regarding Hong Kong's policy on admission of talents, if the focus of last year's policy address was centered on "grabbing talents", what is different this year is that in the"Talent Grabbers"The basis of the new"Retaining Talent"!

Hong Kong's multiple initiatives to attract talents

1️⃣ Establishment of "Talent Services Office"

Following the launch of the online platform "Talent Service Window" last year, the entity"Talent Services Office"It will be formally set up at the end of October to provide support to talents coming to Hong Kong and follow up on the development and needs of talents after their entry into Hong Kong. Next year, we will organize the "Global Talent Summit cum Guangdong-Hong Kong-Macao Greater Bay Area Conference on Quality Development of Talents" to promote regional exchanges and cooperation in recruiting talents.

2️⃣ Expanding the list of universities in the Top Talent Pass Program

To widen the network for attracting talents from all over the world, the list of eligible universities under the "Highly Talented Persons Passport Scheme" will be published in November.Increase the number of top Mainland and overseas institutions by 8 to 184.

3️⃣ Vocational College Graduates Staying in Hong Kong Scheme

To alleviate the pressure of manpower shortage in the skilled trades, overseas students enrolled in designated full-time Higher Diploma (HD) courses of the Vocational Training Council (VTC) from the 2024/25 academic year onwards will be allowed to stay in Hong Kong for one year after graduation to look for jobs related to their field of study. This arrangement will be implemented on a trial basis for two years before review.

Last year's policy address extended the limit of stay for IANG visas applicable to full-time undergraduate or above students graduating from Hong Kong institutions from one year to two years. This year, it is prepared to allowVocational school graduates stay in Hong Kong for one yearIt can be seen that there is a great demand for talents in Hong Kong.

4️⃣ Non-local graduate students can also work part-time in Hong Kong.

With effect from November, full-time non-local postgraduate students studying in Hong Kong will be temporarily exempted from the restriction on participation in part-time employment. The relevant arrangements willTwo-year trialThe number of students who have benefited from the program is more than35,000 peopleThe

5️⃣ Increase in scholarships and financial assistance and increase in hostel places

Dr. K.C. Lee said that the quota of non-local students in government-funded post-secondary institutions will be doubled, and an additional HK$1 billion will be injected into the Government Scholarship Fund from the 2024-2025 academic year onwards.Increase the number of Belt and Road Scholarships by 50%(b) to increase progressively the number of places under the Hong Kong Botany Bay Graduate Scholarship Scheme (HKBGSS) from 300 to 300 per academic year400(c) The Hong Kong Awards for Excellence Scholarship Scheme, which is being implemented on an ongoing basis.

Also, in order to meet the needs of the additional students, it is prepared to add13500 placesThe

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