2hrs:45mins later ... he's done.
I think as ndt points out .. some patriotic businesses are going to be very busy (if the 183 new committees do their jobs!). Lots of discrete wealth transfer policies put into play.
I don't think this is going to work. The illusion is that the talent shortage is permanent. Temporary it surely is, judging what everyone can see in their Linkedin inbox. But that's because companies need warm bodies now while they're busy moving their offices and HQs elsewhere. I yet have to see someone who can make a credible claim that HK will continue to have an edge over Tokyo or Singapore or Seoul to manage an APAC business, or over Shanghai or Shenzhen when managing a China business.
Local workforce has shrunk by 140,000. Govt will proactively "trawl the world" for talent. 2 year top talent scheme - annual salary 2.5M in 2 years + 100 top uni with 3 years work experience - will get a pass to "explore opportunities". Grads from top 100 uni without work experience will be allowed in but limit of 10K per year.
So which uni graduates get paid 2.5M?
HK will be: a bridge to China with China border closed, a tourist destination with restrictive covid regulations, an art centre with no freedom of expression, an aviation hub with no flights, an international investment centre with no rule of law, a part of GBA with no access to it…
The term "gaslighting" also comes to mind.
For Thailand/Malaysia and other Asian contries, its at least understandable high entry barriers are driven largely by local politics but even HK? Now that its goverened only by Patriots with rubber stamp legislature and executive puppets, why such delusional requirement is beyond understanding.. Perhaps its just a show-off type stream to showcase premium requirement for premium city (and bit of dick waving to other SEA nations) and then second bit more lax scheme to lump most applications..