The talent crunch in recent years prompted the local authorities in Hong Kong to launch the Top Talent Pass Scheme (TTPS) at the end of 2022. At the first anniversary of Hong Kong’s all-out talent grab, opinions remain divided as to whether the TTPS can successfully boost Hong Kong’s competitiveness and attract talent who stay for the long term.
Economy
Hong Kong’s position as an international financial centre is now a thing of the past as multinational corporations withdraw from the city and its stock market shows signs of foreign capital outflows. Lianhe Zaobao journalist Tai Hing Shing finds out if Hong Kong’s financial market is truly on its way down.
Society
Lianhe Zaobao journalist Tai Hing Shing notes that even as evidence shows that the US does not value Hong Kong as much as pro-democracy Hong Kongers think it does, overly idealistic Hong Kongers still buy into the narrative that the US will step in on Hong Kong’s behalf in dealing with Beijing. It is time for this group to wake up.
Society
Since travel and consumer spending resumed after the pandemic, a slew of mainland Chinese restaurants have chosen to venture into Hong Kong, hoping to gain similar success as they did before. However, the mainland Chinese brands are competing with the world’s fare in this food paradise. Lianhe Zaobao journalist Tai Hing Shing finds out more about this fiercely competitive market.
Economy
Meituan, mainland China’s food delivery giant, made its first foray outside the mainland to Hong Kong recently, under the brand KeeTa. It faces stiff competition from incumbents Foodpanda and Deliveroo, amid a strong sense of local identity among Hong Kong residents which may affect take-up rates to some extent. Nevertheless, this is a testbed for Meituan’s internationalisation plans. Lianhe Zaobao journalist Tai Hing Shing reports.
Politics
Lianhe Zaobao journalist Tai Hing Shing looks at the recent issuance of Interpol “red notices” by the Hong Kong government on eight pro-democracy activists living overseas, and what the move signals.
Economy
Hong Kong youths are getting a lot of support from the HK government as well as local governments from the Greater Bay Area (GBA) to develop their entrepreneurial potential in the GBA. While it means more opportunities for HK youths to pursue their entrepreneurial dreams, starting a business in an unfamiliar turf is no child's play. Lianhe Zaobao journalist Tai Hing Shing reports from the GBA.
Society
Amid the significant labour shortage Hong Kong is facing due to a massive emigration wave, officials have introduced a number of measures to attract talent back to the city. However, the application loopholes and homogenous background of the applicants leave the locals questioning the measures’ effectiveness in boosting the workforce. Lianhe Zaobao journalist Tai Hing Shing tells us more.
Society
The reopening of borders between mainland China and Hong Kong has led to heightened tensions between people on the ground, as each side has their own complaints against the other. The authorities will have to handle the situation carefully to prevent it from boiling over.