Almost two years after Hong Kong began its big talent drive to attract graduates and top earners, the picture is less than rosy for many cleared to come to the city. In the first of a three-part series, Willa Wu finds out what new arrivals have experienced.
Kira Xiong, a 23-year-old finance graduate with degrees from universities in Melbourne and Sydney, arrived in Hong Kong in July full of hope.
After spending nearly three months sending out more than 100 resumes, lowering her salary expectations and considering work not related to her majors, she settled for an administrative job in a local company.
Similar tales were common among others who arrived as top talent, like Cambridge economics graduate Peter Zhang, 24, who secured a junior financial analyst position after a six-month job hunt.
In a bid to attract top talent, Hong Kong introduced the Top Talent Pass Scheme in 2022. However, for many new arrivals like Kira Xiong and Peter Zhang, the reality has not matched their expectations. Despite their qualifications, they faced challenges in finding suitable employment in their fields, ultimately settling for jobs below their skill levels. This has left them feeling confused and disillusioned about the welcome they received in Hong Kong.
This highlights a growing issue faced by new graduates and top earners who come to Hong Kong in search of opportunities. Stay tuned for more insights in the upcoming parts of this series to learn about the experiences of other newcomers to the city.
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