Hong Kong Monetary Authority deputy chief Arthur Yuen spoke about talent pool pressures, recalling that some banks were so desperate at one point that they were poaching workers from the city’s central bank.
According to HKMA deputy chief Arthur Yuen, Hong Kong faces «significant talent gaps» across the financial sector in areas like ESG (environmental, social and governance), finance, fintech, Greater Bay area expertise and wealth management.
In fact, the talent for war has been so intense that even HKMA workers became recruitment targets for financial firms.
«Some banks were so desperate that they were [poaching] people from the HKMA,» according to an «SCMP» report citing Yuen at the Hong Kong Institute of Bankers's (HKIB) recent annual conference, underlining buyout offers for employees to start work the day after their resignations.
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Under the current arrangement, inbound travellers are no longer subject to hotel quarantine but will still require three days of self-monitoring and restricted access to places like restaurants and bars. Although others are calling for more loosening, local authorities are expressing confidence this will drive a post-pandemic rebound.
«Covid-19 may have hampered our attractiveness and retention of talent, but we will soon reconnect with the world and talent will return. We are determined to roll out a message to attract more people to come [back] to Hong Kong,» said Financial Secretary Paul Chan Mo-po during the HKIB conference.
«Above all, we know that connectivity is our lifeline.»
