The financial secretary, Paul Chan Mo-po, has not just pumped more money into innovation and technology – from HK$10 billion last year to HK$50 billion – there are also more initiatives to nurture talent. Photo: David Wong
The financial secretary, Paul Chan Mo-po, has not just pumped more money into innovation and technology – from HK$10 billion last year to HK$50 billion – there are also more initiatives to nurture talent. Photo: David Wong

Hong Kong has to embrace free flow of talent or risk losing to rivals

In his budget, financial chief Paul Chan stressed developing innovation and technology with the right recruits and came up with the funds to do so. Such an approach must be taken in an increasingly competitive global environment

The financial secretary, Paul Chan Mo-po, has not just pumped more money into innovation and technology – from HK$10 billion last year to HK$50 billion – there are also more initiatives to nurture talent. Photo: David Wong
The financial secretary, Paul Chan Mo-po, has not just pumped more money into innovation and technology – from HK$10 billion last year to HK$50 billion – there are also more initiatives to nurture talent. Photo: David Wong
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