Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Thursday, Feb 29, 2024

95 per cent of approved applicants for Hong Kong talent scheme from mainland China

95 per cent of approved applicants for Hong Kong talent scheme from mainland China

As of end of February, 8,797 of applications approved, 463 rejected and 4,564 being processed.
Hong Kong’s latest scheme to lure talent has received 14,240 applications in the two months since its launch, with 95 per cent of the approvals given to mainland Chinese, official figures show.

More than half of the applicants were aged 18 to 30, and about 30 per cent were aged 31 to 40, according to a paper the Security Bureau submitted to lawmakers. Among the successful applicants, 216 earned more than HK$10 million (US$1.3 million) annually.

Chief Executive John Lee Ka-chiu announced the Top Talent Pass Scheme in his maiden policy address in October and the programme was launched on December 28 in a bid to reverse a brain drain and address challenges stemming from a declining population.

As of February 28, 8,797, or 62 per cent, of the applications had been approved, 463, or 3.2 per cent, were rejected, and 4,564 were being processed.

Under the scheme, a new two-year visa is offered to those who earned no less than HK$2.5 million in the previous year and graduates of the world’s top 100 universities with at least three years of working experience in the last five years.

Those who graduated from one of the universities in that time period but who have not yet worked for three years are also eligible for the new visa, but the number of approvals is capped at 10,000 a year.

The bureau revealed the nationalities of the 8,800 successful applicants. Nearly 95 per cent, or 8,325, were from the mainland.

Only about 300, or 3 per cent, of successful applicants came from Canada, Australia, the United States and Singapore.

One of the scheme’s aims is to attract top earners to the city. About 1,200 applicants earning at least HK$2.5 million in the previous year secured visas. More than 200 approved candidates earned between HK$5 million and HK$10 million, and another 200 made HK$10 million or more.

About 4,400 successful applicants were graduates of the 100 universities with at least three years of working experience. Another 3,200 approved candidates from these institutions had less than three years of experience.

Some 51 per cent of the successful candidates were aged 18 to 30, while 32 per cent were aged between 31 and 40. Another 14 per cent were aged 41 to 50, 3 per cent were aged 51 to 60 and less than 1 per cent were 61 or above.

The scheme attracted controversy earlier when Chinese biophysicist He Jiankui applied and was approved by the government, despite being jailed in 2019 for illegal experimentation on human embryos. Authorities later cancelled his work visa.

The bureau warned that applicants would commit an offence if they “knowingly and wilfully” made a false statement or gave incorrect information.

“The law enforcement departments concerned will handle these cases seriously. Any such visas, entry permits issued or permissions granted for entry into or remaining in Hong Kong shall have no effect,” it said.

It said the Immigration Department also required applicants with work experience to declare their job sectors for analysis starting from March 1.

Professionals or top students who move to Hong Kong under the scheme, buy homes and put down roots will get a refund on a hefty chunk of property tax if they remain for more than seven years and obtain permanent residency.
Newsletter

Related Articles

Hong Kong News
0:00
0:00
Close
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
×