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Hong Kong announces plans to ‘trawl the world for talents’



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John Lee, Hong Kong’s chief executive, arrives to deliver his policy address at the Legislative Council in Hong Kong on Oct. 19, 2022.Paul Yeung | Bloomberg | Getty ImagesHong Kong Chief Executive John Lee on Wednesday announced plans to attract talent and investment to the city.In his first policy address since he took office in July, Lee said the government would set aside billions to attract businesses to the city, and launch a so-called top talent pass scheme to “entice talents to pursue their careers in Hong Kong.”Hong Kong has lost thousands of residents since the pandemic started, worsening a “brain drain” from the international financial hub.”Over the past two years, the local workforce shrank by about 140,000. Apart from actively nurturing and retaining local talents, the government will proactively trawl the world for talents,” according to an official transcript of his speech.People who earn an annual salary of around $318,000 or more, and graduates from the world’s top 100 …

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