Page 163 - Are You Future Ready?
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Chapter Two - Right Timing
had personal experience of losing their postdoctoral
researchers to mainland institutes. One of them was
offered an extra sponsorship of RMB 0.5 million a year
after being recruited by a Shenzhen (SZ) government listed
biotech company.
Apart from I&T, the finance sector is another focus for the
mainland. Guangzhou (GZ), another major city in GBA,
launched a new policy in October 2018 with a subsidy
of RMB 500,000 for each senior manager with outstanding
performance in the finance industry. For talents newly 161
relocated to GZ, RMB 1 million each will be offered as
a settling fee. Additionally, SZ introduced a series of
measures in January 2019. For example, RMB 1 million
each will be awarded to financial organisations and tertiary
institutes which offer first-rate training programmes.
What is more, although the Hong Kong government
has already committed over $100 billion in I&T so far
and aims at 1.5% of GDP in research and development
(R&D) spending from 0.73%, this is still far below SZ's
achievement of 4% annually. Yet GZ recorded only 2.4% of
