Hong Kong's Talent Strategy: Aiming to Retain 50,000 Professionals Each Year
Wednesday, 16 October 2024, 15:01
Expanding the Top Talent Pass Scheme
The Top Talent Pass Scheme (TTPS) in Hong Kong is set to expand with an eye on retaining an impressive 50,000 professionals each year from 2025 to 2027. Chief Executive John Lee Ka-chiu elaborated on this strategic vision during his recent policy address.
Focus on Retention
- From 2025 to 2027, the government aims to approve at least 50,000 visa extensions annually.
- This new target reflects a 40% increase over previous retention averages.
- Retention measures will include extending the initial visa duration for TTPS entrants.
International Education Hub
Lee also outlined plans to bolster Hong Kong’s stature as an international tertiary education hub through a new “Study in Hong Kong” brand, inviting talents from Asean and Belt and Road nations to study in Hong Kong.
- The percentage of non-local students has risen significantly, nearing 40% at public universities.
- Scholarships and incentives will be offered to attract top talent from various countries.
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.