Hong Kong Updates Immigration Policy to Attract Fintech Professionals
As part of new efforts to underpin Hong Kong’s development as a “high value-added and diversified economy,” the government of the special administrative region of China is now moving to facilitate the immigration of “quality people” from around the world. To do that, Hong Kong authorities have drafted a “Talent List” of 11 in-demand professions, a number of which belong to the fintech industry, and intend to publicize it under the banner “Hong Kong. Talent Hub – Unlimited Opportunities.”
In an announcement published on its website, the government notes that the list highlights specific professions needed most for Hong Kong‘s economic development. Beside waste treatment specialists, engineers and naval architects, the city wants to attract foreigners with expertise related to the crypto and blockchain space. According to the notice, Hong Kong is interested in fintech professionals and innovation and technology experts in fields like distributed ledger technologies (DLT), or blockchain, data engineering, including mining and analytics, artificial intelligence and robotics, cyber security.
Authorities are also eager to invite experienced professionals in asset management, including trust fund management, as well as legal experts specializing in resolving international financial and investor-state disputes and lawyers with knowledge in cross-border transactions from investing or host states. Matthew Cheung Kin-chung, Chief Secretary for Administration and Chairman of the Human Resources Planning Commission has been quoted saying:
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Hong Kong welcomes talents from all over the world with valuable skills, knowledge and experience to work here, bringing their talent into full play and further developing their careers. The promulgation of the Talent List is one of our major initiatives to enhance our competitive advantages in attracting international talents, creating cluster effects, stimulating the development of local talents and propelling Hong Kong forward.
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