Chen Guoji: By the end of May, various talent entry programs had received more than 480,000 applications and more than 210,000 had arrived in Hong Kong

The Zhitong Finance App learned that the Hong Kong Federation of Chinese Manufacturers held a dinner on June 26. The Hong Kong Chief Secretary for Administration, Chen Guoji, mentioned in his speech that by the end of May, various talent entry programs had received more than 480,000 applications, and more than 210,000 had arrived in Hong Kong. Take “Gao Cai Tong” as an example. The average age of visitors to Hong Kong is only 35 years old. Nearly 90% of the accompanying children are under 14, which helps to alleviate the aging population and low birth rate in Hong Kong.

Chen Guoji mentioned that against the backdrop of global capital reallocation and an increasingly obvious trend of “rising from east to west”, Hong Kong continues to attract international companies to settle in with its advantages of a simple tax system, transparent regulations, and high government efficiency. In the first four months of this year, 223 companies have set up business or expanded their investment scale in Hong Kong; 84 key enterprises have also been successfully introduced so far, showing that Hong Kong has a strong appeal in reshaping the global economic landscape.

To accelerate the integrated development of innovation, technology and diversified industries, Chen Guoji said that the government has set up an “Education, Technology and Talent Committee” to target Hong Kong's “eight major centers” and coordinate policies and resource allocation for introducing and cultivating innovative talents.

Chen said that the government will break through “divided thinking,” promote institutional innovation, and propose specific solutions to the “pain points” faced by industry and talent development. For example, the Government has relaxed restrictions to allow hotels and commercial buildings to be converted into student dormitories to increase the supply of student accommodation; at the same time, it has set up a special mechanism to actively recruit top leading talents to Hong Kong and further enhance Hong Kong's global talent competitiveness. Furthermore, in response to the discriminatory policies introduced by the United States against international students at Harvard, in addition to actively providing support, the government will also consider further easing the university's quota for non-local students when necessary to absorb more top international students.