Transcript Hong Kong
Working in Hong Kong
18 January 2017
Ms Priscilla To
Director-General, Hong Kong Economic and Trade Office, London
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Why Hong Kong?
Fundamental Strengths as Asia’s
World City
Career Opportunities Abound
A Dynamic and Cosmopolitan City,
Vibrant and Exciting Social Life
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Core Strengths of Hong Kong
Highly open economy
One Country, Two Systems
Rule of law underpinned by
judicial independence
Simple and low taxes
Stable and predictable
business environment
Safe multicultural and
multilingual environment
“Super-connector” between
China and rest of the world
free flow of capital and
information
3
Hong Kong’s competitiveness in figures
2016 - a record of 7,986 overseas and Mainland companies
set up regional headquarter/ regional offices in Hong Kong
World Investment Report 2016 : Hong Kong was 2nd largest
foreign direct investment recipient in the world in 2015.
Heritage Foundation : Hong Kong ranked the world's freest
economy (22nd consecutive year)
IMD World Competitiveness Yearbook 2016: Hong Kong is the
most competitive economy
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Hong Kong in Brief
GDP growth: 1.5% in 2016 (estimated)
Low unemployment rate: 3.3% at end
November 2016, near full employment
Low inflation: 3.0% in 2015, 2.9% for first eight
months 2016
Low overall crime rate: 935 per 100,000
population
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Career Opportunities Abound
Hong Kong is the best place in the
world for expats to advance their
careers (according to a private
survey conducted by HSBC)
Around 34 400 professionals came
to work in 2015
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Financial Services Sector
A survey conducted by Financial Services Development Council
(FSDC) in January 2015 -
obvious talent shortage nearly across all sectors and
functions
all interviewees or survey respondents indicated problems in
finding the right talent
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Financial Services Sector (con’t)
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Financial Services Sector (con’t)
Opportunities in the financial
services industry
Renminbi business
Shanghai-Hong Kong
Stock Connect/
Shenzhen-Hong Kong
Stock Connect
Mutual recognition of
funds between Mainland
China and Hong Kong
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Business and Professional Services Sector
The Hong Kong Institute of Human Resource Management's
(HKIHRM) survey (February 2016)
The top 5 business sectors that faced talent shortage:
logistics/transport/transport services
IT
Business and professional services
wholesale/import & export/trading/distribution
restaurant/catering
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Start-up Sector
San Francisco-based research firm Compass: Hong Kong the top five fastest growing start-up ecosystem in the world
2016: number of start-ups increased by 24% from a year ago
to 1 926, involving some 2 039 entrepreneurs (35% of
entrepreneurs are non-Hong Kong origin)
number of incubation and co-working spaces over 40, and
most of them are privately run, including a few from Silicon
Valley
Startmeup protal:
http://www.startmeup.hk/
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Quality Migrant Admission Scheme (QMAS)
Prerequisites
aged 18 or above; no adverse record; proficient in
Chinese or English; good education background
Assessment under:
General Points Test (for highly skilled or talented persons);
or
Achievement-based Points Test (for talent with
outstanding achievements)
Job offer not required
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Quality Migrant Admission Scheme (con’t)
Enhancements rolled out in May 2015
1. Adjust the Point-scoring Scheme under the General Points Test
(GPT)
Additional points awarded for applicants with outstanding
academic background or international work experience
[Graduates of University of Helsinki: already passed the
basic requirements for further consideration]
2. Relax Stay Arrangements (e.g. Permission for a 2-year stay
on the first occasion)
http://www.news.gov.hk/en/categories/school_work/html/2015/02/20
150205_140325.shtml
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Further Enquiries
Websites of the Hong Kong Immigration Department
Introduction of Admission Schemes for Talent, Professionals and
Entrepreneurs: www.immd.gov.hk/eng/useful_information/admissionschemes-talents-professionals-entrepreneurs.html
Quality Migrant Admission Scheme :
www.immd.gov.hk/eng/services/visas/quality_migrant_admission_scheme.html
Enquiries – Hong Kong Immigration Department
Hotline : (852) 2824 6111
Fax : (852) 2877 7711
Email : [email protected]
Additional information on working, investing or living in Hong Kong
Invest Hong Kong : www.investhk.gov.hk
Hong Kong – a livable city full of diversity
Extraordinary Cuisine
Exciting Formula E
Lively Nightlife
Convivial Hong Kong Sevens
World-Class
Theme Parks
Scenic
countryside
and sandy
beaches
Wellconnected
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transport
Hong Kong
Welcomes You!
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Thank you
Hong Kong Economic and
Trade Office, London
Websites:
www.hketolondon.gov.hk
Follow us on:
Facebook:
facebook.com/hketolondonuk
Twitter
twitter.com/HKinLondon
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