'HK Risks Losing Top Tech Talent To Mainland'
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2018-06-10 HKT 11:09
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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."
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