With many companies in Hong Kong cutting jobs and freezing new recruitment, the employment outlook for many of the city’s graduates this year looks bleak. Photo: K.Y. ChengWith many companies in Hong Kong cutting jobs and freezing new recruitment, the employment outlook for many of the city’s graduates this year looks bleak. Photo: K.Y. Cheng
With many companies in Hong Kong cutting jobs and freezing new recruitment, the employment outlook for many of the city’s graduates this year looks bleak. Photo: K.Y. Cheng
Business /  Banking & Finance

HKMA unveils pay subsidy plan for Class of 2020 to encourage banking sector hiring amid economic slump

  • HKMA unveils a US$1.4 million wage subsidy plan to encourage lenders to hire new market entrants amid economic slump
  • The effort is a small commendable gesture but unlikely to create any impact, headhunter says
Topic |   Hong Kong Monetary Authority (HKMA)
Enoch Yiu
Enoch Yiu

Updated: 11:15pm, 4 Jun, 2020

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With many companies in Hong Kong cutting jobs and freezing new recruitment, the employment outlook for many of the city’s graduates this year looks bleak. Photo: K.Y. ChengWith many companies in Hong Kong cutting jobs and freezing new recruitment, the employment outlook for many of the city’s graduates this year looks bleak. Photo: K.Y. Cheng
With many companies in Hong Kong cutting jobs and freezing new recruitment, the employment outlook for many of the city’s graduates this year looks bleak. Photo: K.Y. Cheng
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