Page 162 - Are You Future Ready?
P. 162

Apart from capital and networks, more importantly, Hong

                     Kong attracts more overseas talent due to its open culture.
                     According to a survey conducted by Invest Hong Kong at
                     the end of 2018, 35% of entrepreneurs in Hong Kong came
                     from overseas, among them over 40% from the United

                     States, the United Kingdom and Australia. At the same
                     time, INSEAD, a European business school published the
                     Global Talent Competitiveness Index 2019 where Hong
                     Kong ranks 27th out of 114 cities in the world, its talent

                     competitiveness is significantly ahead of mainland cities
    160              (Beijing: 58th, Guangzhou: 87th, Shenzhen: 94th). Hong
                     Kong's simple and low tax rate, combined with a sound
                     legal system, free flow of information and the protection of

                     intellectual property are factors of attraction.


                                  Fierce talent competition



                     However, since China’s State Administration of Foreign
                     Experts Affairs launched the Thousand Talents Plan  in
                     2008 by which selected foreign talents can receive a
                     research grant of up to RMB 5 million, lots of talents

                     have left for China. Two local university professors have
   157   158   159   160   161   162   163   164   165   166   167