logo
Labour chief upbeat on hitting talent retention target

Labour chief upbeat on hitting talent retention target

RTHK25-06-2025
Labour chief upbeat on hitting talent retention target
Around 10,000 talent visas granted in the past few years are set to expire by the end of June, and the labour chief says renewal figures will be published in the coming months. Photo: RTHK
Authorities are going all out to lure talent from all over the world, the labour chief says, adding global uncertainties make Hong Kong an even more attractive place for professionals to develop their careers.
Chris Sun also expressed optimism that many people who arrived in the SAR through various talent schemes in the past few years will stay, and that the government will meet its retention target.
Chief Executive John Lee stressed in his Policy Address last year the importance of retaining talent. He set a target of extending at least 50,000 talent visas annually from 2025 to 2027.
In an interview with RTHK, Sun said while he was confident of achieving that goal, actual figures would have to be provided later.
"Our preliminary estimates suggest that by the end of the second quarter, around 10,000 visas would expire and require renewal," he said, referring to visas approved under the Top Talent Scheme.
"We will provide actual data in the second half of this year, but overall speaking we are satisfied with the situation."
On a related note, the government is also introducing from the end of this month a new entry pathway for skilled workers from the mainland.
Called the technical professionals stream, it targets people working in specific sectors, and applicants must be 40 or younger. A cap of 10,000 is set for the three-year pilot programme, and 3,000 for each trade.
Sun believes the quota for information technology technicians could be filled up quickly, but it was too early to say if the cap should be raised.
"We should let the scheme run its course first. Of course there is a shortage of technicians in Hong Kong. We expect a manpower shortage of 180,000 by 2028, of those one third will be skilled technical workers. Existing workers are also getting old, and it is a serious problem," he said.
As for general workers coming through the Enhanced Supplementary Labour Scheme, Sun revealed around 60,000 applications have been approved so far.
About one in six hires were waiters, while another 6,900 applications were seeking junior chefs.
He insisted there are sufficient safeguards to protect local employment, and urged people who believe they have been treated unfairly to come forward, pledging all complaints will be taken seriously.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hong Kong stocks marginally higher at opening
Hong Kong stocks marginally higher at opening

RTHK

time3 hours ago

  • RTHK

Hong Kong stocks marginally higher at opening

Hong Kong stocks marginally higher at opening The Hang Seng Index rose 13.36 points or 0.05 percent at the opening. File photo: RTHK The Hang Seng Index rose 13.36 points or 0.05 percent to open at 24,746.81 on Tuesday. Mainland stocks also opened slightly higher, with the benchmark Shanghai Composite Index up 0.15 percent at 3,588.81 and the Shenzhen Component Index 0.34 percent higher at 11,078.58. Meanwhile, the mainland's services activity expanded at its fastest pace in 14 months in July, fuelled by stronger demand, including a rise in new export orders, a private-sector survey showed. The S&P Global China General Services PMI rose to 52.6 in July from 50.6 the previous month, marking the fastest pace since May last year. The 50-mark separates expansion from contraction. (Xinhua/Reuters)

Hong Kong pest control firm banned from importing workers over rejecting local
Hong Kong pest control firm banned from importing workers over rejecting local

South China Morning Post

time18 hours ago

  • South China Morning Post

Hong Kong pest control firm banned from importing workers over rejecting local

A Hong Kong pest control and cleaning company has been banned from importing foreign workers for a year after it was found to have refused to offer a job to a suitable local candidate first. Advertisement The Labour Department said on Monday that it had imposed an 'administrative sanction' on Amala Limited and would not process its applications for importing workers for one year, with the measure taking effect last Thursday. 'At the same time, the [department] has terminated the processing of an application previously submitted by the company,' a spokesman said. 'An administrative sanction has been imposed on the company, as it earlier refused to employ a qualified local jobseeker during the four-week local recruitment under the [Enhanced Supplementary Labour Scheme] without reasonable grounds, violating the requirements of local recruitment.' The move marks the first time a business has been penalised for failing to follow the scheme's rules since it was revised two years ago. Advertisement 'The [scheme] stipulates that if an employer violates labour or immigration laws, the requirements of the [scheme] or the standard employment contract, the [department] will impose an administrative sanction on the employer, including the withdrawal of approval for the importation of labour previously granted and refusal to process any subsequent applications submitted by the employer,' the spokesman said.

HK and mainland markets rally after bad week
HK and mainland markets rally after bad week

RTHK

time20 hours ago

  • RTHK

HK and mainland markets rally after bad week

HK and mainland markets rally after bad week The Hang Seng Index ended trading on Monday up 225 points, or 0.92 percent, at 24,733. File photo: RTHK Mainland and Hong Kong stocks gained on Monday, recovering from last week's sharp declines, as defence and tech stocks led gains. The benchmark Hang Seng Index ended trading for the day up 225 points, or 0.92 percent, at 24,733. The Hang Seng China Enterprises Index climbed 1.01 percent to 8,893 while the Hang Seng Tech Index jumped 1.55 percent to 5,481. Up north, the benchmark Shanghai Composite Index closed up 0.66 percent at 3,583 while the Shenzhen Component Index closed 0.46 percent higher at 11,041. The combined turnover of these two indexes stood at about 1.5 trillion yuan, down from 1.6 trillion yuan on Friday. Sectors such as military equipment and gold led gains while stocks related to photovoltaic equipment suffered major losses. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.5 percent to close at 2,334 The rebound on Monday came after markets last week booked their steepest losses since April. The bullish trend for Chinese equities has started to show signs of slowing as the much anticipated Politburo meeting and tariff negotiations with the United States both failed to deliver positive surprises. "Market sentiment is becoming more volatile as positive catalysts are losing momentum," Citic Securities said in a note, adding that investors might shift focus to defensive sectors for shelter or industries with clear growth trajectories. The tech sector jumped 1.6 percent and AI-related shares added 1.7 percent, leading markets higher. Domestic chip stocks continued to rally on Monday after Beijing raised concerns over potential security risks in Nvidia's H20 chip. Looking ahead, markets are awaiting new developments on the trade truce between China and the United States that expires on August 12. US Treasury Secretary Scott Bessent said Washington has the makings of a deal and was "optimistic" about the path forward. "Given rising uncertainties in the foreign market, especially in the US where Trump's intervention in economic reporting undermines the efficacy of policies, both on- and off-shore Chinese markets will likely be under pressure in the near term," Hong Hao, chief investment officer at Lotus Asset Management, said in a note. (Reuters/Xinhua)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store