Hong Kong to see finance firms import more global talent after recent summit’s ‘powerful message’: Financial Secretary Paul Chan
- ‘Many’ institutions have vowed to hire more locals and send more global leaders to Hong Kong, Chan said on Friday
- He also reiterated the city’s commitment to becoming a virtual assets hub despite the recent collapse of the FTX cryptocurrency exchange
The tide has turned on an exodus of talent from Hong Kong’s financial-services industry, with international firms promising to expand in the city after a recent high-level summit sent a “powerful message”, according to Financial Secretary Paul Chan Mo-po.
More than 200 top financiers from around the world attended the summit, which took place after the city scrapped its hotel quarantine requirements for visitors in late September.
“The summit has sent a powerful message to the world that Hong Kong is back,” Chan said at an event of the Hong Kong Association of Banks (HKAB). “Many international financial institutions indicated after the summit that they are planning to upgrade their operations, sending more senior global executives and increasing local hiring in Hong Kong.”
Chan was speaking at the launch ceremony for the HKAB Talent for Future Programme, which aims to encourage more young people from various academic backgrounds and career histories to join the banking industry.