Talent Will Come Back To HK, Says Christopher Hui
"); jQuery("#212 h3").html("

"); });
2022-03-31 HKT 11:18
Financial Services Secretary Christopher Hui on Thursday said he is confident that professionals will return to Hong Kong in future, saying recent departures are just a short-term phenomenon prompted by Covid restrictions.
On Wednesday, Chief Executive Carrie Lam said it “might be an indisputable fact” that business talent is leaving the SAR.
On a radio programme, Hui said the people who have left are those who often needed to travel in and out of Hong Kong due to work, and he believes they will come back.
“Should we call it an outflow of talent, or are people just going to other places at the moment for work or business purposes? I think these talents will return, as long as we let people know that here is where opportunities lie,” he said.
“People have left really quickly, but they may come back really quickly too. If we control the epidemic well and promote our selling points through different strategies, I am confident.”
The minister added that the government has listened to views from society and has adjusted its Covid policies, such as lifting flight bans and shortening quarantine periods.
Meanwhile, Hui also brushed off concerns that the resignation of two senior British judges from Hong Kong's top court may harm the city's status as an international finance hub.
The president of the UK Supreme Court, Robert Reed, and judge Patrick Hodge are stepping down as non-permanent judges on the Hong Kong Court of Final Appeal, with Reed saying they cannot stay “without appearing to endorse an administration which has departed from values of political freedom and freedom of expression”.
But Hui said it is clear that the rule of law remains intact in the SAR, and that the political motives behind the judges’ move are also clear.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more
