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

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)
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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