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Hong Kong's New Five-Year Plan Aims to Attract High-Calibre Talent as International Hub

HK

Hong Kong's New Five-Year Plan Aims to Attract High-Calibre Talent as International Hub
HK

HK

Hong Kong's New Five-Year Plan Aims to Attract High-Calibre Talent as International Hub

2026-06-29 19:30 Last Updated At:19:38

LegCo Secretariat releases Policy Pulse on "Empowering Hong Kong by nurturing and pooling talents: building an international hub for high-calibre talents"

The following is issued on behalf of the Legislative Council Secretariat:

The Outline of the National 15th Five-Year Plan clearly supports Hong Kong in developing into an international hub for high-calibre talents, and the public consultation document on Hong Kong's First Five-Year Plan also proposes to refine the strategies for nurturing, attracting and retaining targeted talents. The Legislative Council (LegCo) Secretariat today (June 29) released the latest issue of the Policy Pulse on "Empowering Hong Kong by nurturing and pooling talents: building an international hub for high-calibre talents", which provides a brief overview of the series of measures adopted by the Government to develop Hong Kong into an international hub for high-calibre talents, the effectiveness of its efforts in pooling talents and the latest progress in promoting talent cooperation and exchanges in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). It also offers an overview of the relevant discussions in LegCo along with Members' suggestions.

The Policy Pulse outlines a series of enhancement measures for talent attraction introduced by the Government since 2022 to address Hong Kong's acute manpower demand, including the introduction of the Top Talent Pass Scheme (TTPS), the updating of the Talent List, the enhancement of various talent admission schemes and the establishment of Hong Kong Talent Engage. At the same time, the Committee on Education, Technology and Talents, led by the Chief Secretary for Administration, has adopted three major strategies to attract and nurture specialised talents from different sectors, including enhancing talent schemes and services, developing an international post-secondary education hub and attracting key innovation and technology (I&T) talents.

With the ongoing enhancement of various talent attraction and retention measures, some 300 000 talents have come to Hong Kong for work and development, 70 per cent of whom are young talents aged under 40. Meanwhile, Hong Kong rose to fourth place globally in the World Talent Ranking 2025, ranking first in Asia - a record high that fully demonstrates the effectiveness of the various measures to build Hong Kong into a talent hub. Among the schemes, the TTPS has received an overwhelming response. As at the end of February this year, the application rate for extension of stay exceeded 50 per cent - a promising figure. The median monthly salary of TTPS talents whose applications for extension of stay approved was approximately $40,000. The TTPS is estimated to bring approximately $34 billion in direct economic contribution to Hong Kong per year, equivalent to approximately 1.2 per cent of the city's Gross Domestic Product.

Members suggest that the Government regularly examine the manpower supply and demand situation of each profession on the Talent List and draw up the aggregate list of eligible universities under the TTPS based on the results of the Manpower Projection, so as to ensure that the talents admitted would precisely match the needs of Hong Kong's industry development. They also suggest formulating a comprehensive policy and supporting measures for the integration of newly arrived talents into Hong Kong and considering enhancing support measures for the employment of talents' spouses in Hong Kong and the schooling of their children.

Hong Kong is home to five universities ranked among the world's top 100, underpinned by robust research capabilities. The Policy Pulse points out that the Government is actively developing an integrated development layout of education, technology and talents, and adopting a multi-pronged approach to enhance the local talent nurturing system. This includes promoting the "Study in Hong Kong" brand globally to build an international education hub; expanding the institutional capacity locally through the Northern Metropolis University Town; deepening collaboration among the Government, industry, academia, research and investment sectors; and expanding vocational and professional education and training (VPET) alongside digital education to pursue talent nurturing and attraction concurrently. Meanwhile, various measures are being implemented to realise the development direction of "promoting technology with talents, leading industries with technology, and attracting talents with industries", forging Hong Kong into an international I&T centre.

Members urge the Government to strengthen the linkage between VPET and industries including I&T, promote a dual-track system of vocational training and academic education and build a "hire and train" talent training pathway to effectively address the disconnection between industry and academia. Capitalising on the opportunities brought by the Northern Metropolis (NM), the Administration is also asked to encourage in-depth collaboration among I&T enterprises, institutions and educational institutions in the NM through means such as tax incentives and dedicated matching funds. Furthermore, Members suggest strengthening pre-service training for prospective teachers and professional support for in-service teachers, creating a digital education service platform and promoting the sharing of high-quality digital education resources to cultivate future digital talents.

The Policy Pulse also outlines the Government's proactive efforts to deepen collaboration with other GBA cities. Through building a co-operation platform, the Government aims to foster the interconnected flow of talents in the GBA, so as to consolidate and enhance Hong Kong's dual role as an international talent hub and the country's gateway for talents. Members call on the Administration to strengthen collaboration with the Mainland authorities and work with stakeholders from various sectors to jointly improve GBA talent standards on the premise of safeguarding priority employment for local workers; and promote the mutual recognition of professional qualifications between Hong Kong, the GBA and countries along the Belt and Road Initiative, thereby enhancing the international competitiveness of Hong Kong's I&T and vocational talents.

The detailed content of "Empowering Hong Kong by nurturing and pooling talents: building an international hub for high-calibre talents" is available on the LegCo website. The Policy Pulse, published by the Council Business Divisions of the LegCo Secretariat, covers specific topics and offers a comprehensive overview of related policy developments and summarised discussions in LegCo.

Source: AI-found images

Source: AI-found images

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai

The Secretary for Commerce and Economic Development, Mr Algernon Yau, today (June 29) attended a seminar entitled Hong Kong - Powering East China's Innovation and Technology Enterprises to Go Global during his duty visit to Shanghai. The seminar organised by the Task Force on Supporting Mainland Enterprises in Going Global (GoGlobal Task Force) of the Hong Kong Special Administrative Region (HKSAR) Government aimed to promote Hong Kong's business advantages and encourage Mainland enterprises, including innovation and technology companies in East China, to pursue overseas expansion strategies through Hong Kong as a platform. Vice Mayor of Shanghai Mr He Qing also attended the seminar and delivered remarks.

In recent years, the outbound strategies of Mainland enterprises have evolved from "single-market expansion" to "multi-corridor growth". As the world's freest economy, Hong Kong serves as a critical link between Mainland enterprises and emerging markets. With a robust combination of financial capital, innovation ecosystems, intellectual property protection and high-end global talent, Hong Kong provides comprehensive and multidimensional support for Mainland enterprises to go global. Coupled with the city's international professional services, Hong Kong serves as a vital accelerator for the overseas expansion of Mainland enterprises.

Speaking at the seminar, Mr Yau said that Shanghai has long been at the forefront of the country's reform and opening up, while Hong Kong and Shanghai share deep-rooted ties and maintain close co-operation. As a "super connector" and a "super value-adder", Hong Kong is well positioned to help Mainland enterprises efficiently connect with international markets, pool global capital, and expand their businesses worldwide.

Mr Yau noted that since its establishment at the end of last year, the GoGlobal Task Force under his leadership has been providing one-stop, comprehensive support services for enterprises through a three-step approach: "bringing in", getting ready for going global and "going global". This initiative helps Mainland enterprises expand overseas via Hong Kong and tap into the new opportunities under the Belt and Road Initiative.

At the same time, the HKSAR Government is accelerating the development of multiple innovation and technology projects in the Northern Metropolis and formulating a package of preferential policies to attract high-value-added industries and enterprises to set up in Hong Kong. Together with Hong Kong's strengths as an international financial centre, these efforts provide an ideal platform and springboard for East China's innovation and technology enterprises to go global. Mr Yau said he looked forward to deepening collaboration between Shanghai and Hong Kong, and co-operating closely to venture overseas to achieve mutual benefits.

The seminar is a large-scale promotional event organised by the Go Global Task Force in East China, cohosted by Invest Hong Kong (InvestHK), the Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government, the Shanghai Municipal Commission of Commerce, and the Hong Kong and Macao Affairs Office of the Shanghai Municipal People's Government.

At the seminar, a representative from a Mainland financial institution elaborated on Hong Kong's functions and advantages as an ideal financing platform, while a representative from a Shanghai-based innovation and technology enterprise shared its successful experience of going global via Hong Kong. During a panel discussion moderated by InvestHK, representatives from the Hong Kong Trade Development Council and the Hong Kong Productivity Council introduced service platforms available to Mainland enterprises seeking to go global. Hong Kong professional service providers also shared how they leverage their expertise in venture capital financing, taxation, and accounting to help East China enterprises better expand into overseas markets.

Earlier in the day, Mr Yau met with the Chairman of the Commercial Aircraft Corporation of China Limited, Mr He Dongfeng, to gain a deeper understanding of the latest developments in the Mainland's aviation industry and exchange views on industrial co-operation and market expansion.Mr Yau also attended a dinner in celebration of the 29th anniversary of Hong Kong's return to the motherland organised by the Hong Kong Economic and Trade Office in Shanghai of the HKSAR Government. He had exchanges with government officials and business leaders of Shanghai at the dinner to deepen ties between Hong Kong and Shanghai.

Mr Yau will return to Hong Kong tomorrow (June 30).

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

SCED promotes Hong Kong's unique advantages as platform for Mainland enterprises to go global in Shanghai Source: HKSAR Government Press Releases

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