Media365
Driven by innovation and technology, an advantageous location, financial expertise and opportunity, Hong Kong’s economy is progressing steadily. Already a major international finance hub, the city continues to seek new avenues for growth.
To keep pace with the city’s forward momentum, drive future growth and stay competitive, Hong Kong will need a diverse workforce to meet the rapidly evolving needs of the workplace in several important sectors.
Recruiting global talent is essential to Hong Kong’s socio-economic development. Without appropriate action, the city will face a shortage of more than 180,000 workers in major sectors by 2028, according to a recent government report on manpower.
As such, the Hong Kong government has prioritised a global talent strategy to support the development of “eight centres” that reflect the city’s strategic positioning and strengths in the following fields: trade; finance; innovation and technology; cultural exchange; intellectual property trading; aviation; shipping; and legal and dispute resolution services.
The initiative, which includes a comprehensive “Talent List”, first drawn up in 2018 and updated to cover 60 professions in nine industry sectors, aims to build the skilled workforce needed for a high-growth, diversified economy.
In a rapidly changing market, the ability to adapt and innovate is paramount. To foster Hong Kong’s future-ready workforce, the city is proactively adjusting its talent recruitment strategies to meet the demands of fast-emerging industries on the Talent List, including fintech, Islamic finance, AI (artificial intelligence), dispute resolution and aircraft maintenance.
