'HK Risks Losing Top Tech Talent To Mainland'
"); jQuery("#212 h3").html("
"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1400872_1_20180610110953.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1400872-20180610.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1400872-20180610.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-06-10 HKT 11:09
Share this story
Democratic Party chairman Wu Chi-wai
Democratic Party chairman, Wu Chi-wai, has accused the government of encouraging top local talent in innovation and technology to leave the city for greener pastures in the Greater Bay Area.
Speaking on RTHK's 'Letter to Hong Kong', Wu said the Carrie Lam administration's focus on helping develop the Greater Bay Area as an innovation hub risks 'hollowing out' Hong Kong's own economy.
"If our city’s talents all echo our government’s advocacy, they may make a fortune in the Bay Area, but our city will lose the talent required to strengthen the economy", Wu said.
He added that while Hong Kong may be happy to emphasize the need for harmony with its neighbours, it risks losing its competitive edge as cities across the border target top talent from the SAR.
"To attract talents and tech giants, for instance, they have delivered generous housing, tax subsidies and other packages", Wu said. "If the Hong Kong government continues to ignore this fact, or even encourage our talents to work in other cities, we will lose this battle for talents, and lose the opportunity to ride the wave of technological innovation."
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more