Authorities in Hong Kong will look to address the city’s talent gap for fintech and ESG-related professionals with new subsidies and looser immigration rules.
The Hong Kong government is seeking to support the fintech and ESG market, according to an «SCMP» interview with Financial Services and the Treasury Christopher Hui Ching-yu.
The benefits lined up include HK$10 million ($1.3 million) in fintech proof-of-concept cash subsidies as well as easier immigration for individuals with a bachelor’s degree in ESG and relevant experience, with no local offer required and dependents allowed to join. The government will also dedicate resources toward developing local ESG talent through training.
Hong Kong is facing a myriad of challenges as a financial hub including a widening talent gap. The latest benefits are in line with a recent survey by Google that found 64 percent of fintech companies in the city were facing a «severe talent gap» with 80 percent hoping for more supportive policies from the government such as fintech hiring subsidies.
