Financial Capability in Focus: Hong Kong's Top Talent Pass Scheme and Nobel Laureate Invitations
Financial Capability in the Spotlight
Hong Kong's biggest political party, the Democratic Alliance for the Betterment and Progress of Hong Kong (DAB), is advocating for the government to invite Nobel laureates under proposed measures aimed at enhancing the city's status as a top talent hub. Starry Lee Wai-king, former DAB chairwoman, emphasized that as Hong Kong aims to become an international hub for high-end talent, understanding its industrial structure is crucial.
Key Proposals for Talent Integration
- The DAB will establish a dedicated office next month with around 10 staff members focusing on assisting new talents.
- Measures include a one-year buffer for visa renewals, ensuring minimal disruption for children of talent.
- Proposals to optimise visa renewal arrangements will factor in applicants' financial capabilities based on income outside Hong Kong.
Driving Growth through Innovation
The DAB suggests using the innovation and technology industry as a pilot sector to attract high-end talent. Hong Kong launched the Top Talent Pass scheme in December 2022, granting nearly 78,000 visas to applicants, predominantly from the mainland, as part of its strategy to counteract a wave of emigration following the Covid-19 pandemic.
Continued Engagement with Beijing
Lee expressed confidence in potential changes regarding cross-border capital transfers, advocating for dedicated channels to facilitate business setups and property rentals.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.