Hong Kong Update
 Hong Kong Economic and Trade Office - Canada  

Fall 2008 Issue_

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The powerful trend of globalization, combined with Hong Kong’s ageing population and its unique type of economy, is prompting Hong Kong to reach out to other countries, like Canada, to collaborate in education and the nurturing of talent.

Mr Michael Suen receives a souvenir from Dr Jade Gaskell“In a small, externally-oriented economy such as ours, it is the vitality, entrepreneurship and hard work of our people that keeps us competitive in an increasingly competitive world,” said Mr. Michael Suen, the Hong Kong Special Administrative Region (HKSAR) Secretary for Education, during a recent visit to Toronto.

Renowned for their ingenuity and entrepreneurial spirit, Hong Kong people have created an attractive environment for international business. As of mid-2008, almost 4,000 overseas enterprises have established regional headquarters or regional offices in Hong Kong. “These companies contribute a deep and broad pool of expertise that has helped to furnish the city with a world-class financial services sector, highly developed telecommunications infrastructure and all the home comforts you would expect from an international city,” said Mr. Suen.

Creating the right conditions to stimulate creativity and innovation is a priority. The Chief Executive of the HKSAR, Mr. Donald Tsang, once stated “global competition means that we have to compete for markets as well as talent. Hong Kong’s future development requires more talent from the Mainland and overseas.”

This recognition represents great potential for Canadians and other foreigners interested in pursuing careers in Hong Kong. Mr. Suen pointed out, “We are opening the door wider to overseas talent including students, business people, investors and those with special talents such as musicians, sports people and creative talent.”

The HKSAR Government has taken important steps to expand the talent pool in Hong Kong, with such programmes as the "Quality Migrant Admission Scheme (QMAS)", "Entry for Employment as Professionals Scheme", "Admission Scheme for Mainland Talents and Professionals", and "Capital Investment Entrant Scheme", as well as the newly-introduced "Immigration Arrangements for Non-local Graduates" scheme.

Student representatives with Mr Michael SuenThe Vancouver-born former National Hockey League star Barry Beck is one of the 500 people who have been admitted to Hong Kong under QMAS since its launch in June 2006. Other high-profile names include world-renowned pianists Lang Lang, Li Yundi, and legendary gymnast Li Ning who performed at the opening of the Beijing Olympics. Li has also set up a company in Hong Kong to develop sports product designs.

“At the same time, Hong Kong is actively encouraging Canadian students to experience Asia’s world city by involving them in internships,” said Ms. Maureen Siu, Director, Hong Kong Economic and Trade Office (Canada). “Our ultimate goal is to attract great talents to Hong Kong.”

The emphasis on students is very much in line with the goals of the Hong Kong Government. “Education accounts for the largest share of government expenditure,” said Ms. Siu. “Overseas students in Hong Kong enjoy a rich and exciting learning experience, and in turn these students help to broaden the horizons of our local youth.”

Broadening opportunities for students and professionals to work and thrive in Hong Kong will see Hong Kong welcome many additions to its considerable talent pool. As Secretary Suen remarked, students and professionals both “contribute to our multicultural society and the unique mix within our community that strengthens Hong Kong’s status as an international city.”


© 2008 Hong Kong Economic and Trade Office (Canada). All rights reserved.