Hong Kong regains appeal among global financial talent as opportunities open up in fintech, ESG and markets: HKIMR report
- Career growth and long-term prospects are the main drivers to attract global talent, Enoch Fung of Hong Kong Institute for Monetary and Financial Research says
- Hong Kong will need to continue to develop its fintech ecosystem, promote market development and leverage the Greater Bay Area to maintain its allure
Hong Kong has seen an influx of global professionals in the financial sector since the borders reopened this year, while the development of the Greater Bay Area will continue to attract skilled workers, according to a report released on Wednesday.
“The growth of talent actually goes very much hand in hand with the development of Hong Kong as an international financial centre,” said Enoch Fung, executive director of Hong Kong Institute for Monetary and Financial Research (HKIMR), which issued the report.
The city experienced challenges over the past few years because of difficulties arising from the Covid-19 pandemic, but since the borders reopened in January, the inflow of talent has been encouraging, he added.
Fung was speaking at a media briefing on Wednesday to announce the release of the “Advancing Talent Development in Financial Services” report by the HKIMR, which is backed by the Hong Kong Monetary Authority and other regulators.
Hong Kong’s appeal for expatriates had greatly diminished during the pandemic, mainly because of some of the world’s most stringent travel restrictions. More than 113,000 residents left Hong Kong in the 12 months to June 2022, according to government data.