Download 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
2
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
6
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)
8
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
9
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
10
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/
11
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
12
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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