Chief Executive John Lee Ka-chiu has successfully tackled brain drain in Hong Kong, as evident in the city’s rise to ninth place in the World Talent Ranking by the International Institute for Management Development. Following this achievement, a government spokesman commended the efforts in education and talent admission.
The Top Talent Pass Scheme saw over 360,000 applications, with nearly 230,000 approvals by August. Hong Kong’s ability to attract and retain talent contributed to its jump to 14th place out of 67 economies.
Chief Secretary Eric Chan Kwok-ki announced plans to expand the scheme to include graduates from universities outside the top 100 list. Lawmaker Johnny Ng Kit-chong emphasized the importance of retaining attracted talent.
The first batch of approved applicants under the scheme will soon decide to stay or leave, determining the success of talent retention efforts. The real test lies in retaining the talent Hong Kong has attracted, as appearances may deceive.
The Hong Kong Talent Engage office in Wan Chai on October 30. Photo: Sam Tsang