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Attracting top-notch talent has been a recurring theme for the Hong Kong government, with numerous initiatives rolled out in recent years. So far, though, the results have been underwhelming.
In the 2024-25 academic year, Hong Kong universities’ intake quota for non-local students was increased. For years, non-local students have been using Master’s programmes at local universities as a stepping stone to work visas, but the tangible benefits to the city are unclear.
Many who arrived in the city under the Top Talent Pass Scheme have struggled to find jobs. The investment scheme was amended in 2024 to allow applicants to invest in residential property, perhaps intended to help stabilise property prices. However, it appears that new arrivals are choosing to rent instead of buy, exposing a disconnect between policies and market realities.
The government often touts Hong Kong as a “global city” with trilingual capabilities and a proud common law heritage. However, how many regional headquarters of companies from English-speaking countries have we attracted?
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