'Hong Kong Govt's Plan To Lure IT Talent Doomed'

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1397994_1_20180524183648.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/k2/1397994-20180524.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1397994-20180524.htm', 'DCS.dcsqry', '' ); } } }); }); });

2018-05-24 HKT 18:36

Share this story

facebook

  • Members of the IT Vision says it is better to retrain local employees than trying to attract talent from overseas. Photo: RTHK

    Members of the IT Vision says it is better to retrain local employees than trying to attract talent from overseas. Photo: RTHK

William Lai talks to RTHK's Iris Yeung

A group of IT professionals warned on Thursday that a government scheme to lure overseas technology experts to work in Hong Kong is doomed to fail because the city is simply not attractive enough.

The government set aside HK$50 billion in this year's budget to boost innovation and technology, including a recruitment scheme targeting top overseas and mainland talent.

But William Lai from IT Vision said the fact that local tech firms aren't willing to pay top dollar for talent, coupled with Hong Kong's high living costs, put the city at a disadvantage.

Most people would prefer to work in other places like Shenzhen, where the pay is better and costs are lower, he said.

Lai told RTHK's Iris Yeung that the government should instead focus on re-training existing workers in the sector.

RECENT NEWS

Is Hong Kongs Financial Hub Status At Risk?

Globally, Hong Kong has made its mark as a financial hub alongside Singapore and Dubai. These city-states, while rivals... Read more

Project Aurum Phase Two Focuses On Privacy For Retail CBDCs

The BIS Innovation Hub Hong Kong Centre, in collaboration with the Hong Kong Monetary Authority (HKMA), has initiated t... Read more

Cyberport Welcomes New Directors, Retains Key Leaders For 2024-2026

Hong Kong Cyberport has announced the Hong Kong Special Administrative Region (HKSAR) Government’s appointment of th... Read more

Redefining Resilience For Banks In The Digital Era With The Four Zeros

The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and chan... Read more

GSBN Partners Ant To Digitise Shipping Processes In Hong Kongs WCBDC Project

The Global Shipping Business Network (GSBN), in partnership with Ant Group, has developed a prototype electronic bill o... Read more

HKMA Alerts Public To Fraudulent Claims Regarding E-HKD Pilot Programme

The Hong Kong Monetary Authority (HKMA) advises the public to exercise caution following reports of entities falsely cl... Read more