In recent years, many people in Hong Kong have moved abroad, leading to an increasing talent gap in related industries. Reports indicate that due to Hong Kong's pandemic prevention policies, the number of people leaving Hong Kong last year exceeded 140,000, setting a new historical high. It is expected that those who have not yet left Hong Kong...financial practitionerswill have opportunities for significant salary increases and promotions. According to relevant reports quoting statements from headhunting companies in the finance and digital asset industries, executives, and employers, there is currently a severe shortage of talent in Hong Kong due to limited cross-border travel with foreign countries, necessitating salary increases to retain talent in the short term.

The managing director of a Hong Kong headhunting company stated that compared to a year ago, financial professionals are increasingly sought after. Based on past situations...financial institutions generally offer a 15% salary increase to retain talent, but now the increase will rise to 20%-30%.The financial industry has already begun a talent competition, and this year the salary increase rate for financial talent in Hong Kong will accelerate further.

In fact, the talent shortage in Hong Kong has been evident since the government's 2021 Quality Migrant Admission Scheme.In October 2021, the quota for the Quality Migrant Admission Scheme in Hong Kong was doubled from 2,000 to 4,000 per year, and the number of talent categories increased from 11 to 13. Before the quota was relaxed, the number of approvals per round was between 440 and 470, but after the announcement of the quota increase in October, the number of approvals in the last round directly increased to 644.This shows the urgency of the Hong Kong government in attracting talent.

Among the industries of the approved talents over the years, the number of approvals for talents in the finance and accounting services sector and the information technology and telecommunications sector accounts for a significant portion of the total quota.

With the outflow of financial talent from Hong Kong, the talent gap in the financial sector is widening, and the difficulty for overseas and mainland financial talents to obtain Hong Kong identity through the Quality Migrant Admission Scheme will decrease.

Recently, many individuals have inquired about the Hong Kong Quality Migrant Admission Scheme. It is worth noting that for individuals with high scores who meet the talent needs of Hong Kong, the Quality Migrant Admission Scheme is undoubtedly the most cost-effective way. However, whether through the Quality Migrant Admission Scheme or other immigration plans to obtain Hong Kong identity, if you want to obtain a Hong Kong permanent resident identity card, it requires long-term planning. Successfully applying is just the beginning; the planning for renewal and permanent residency is what needs to be emphasized in the process of immigrating to Hong Kong.