Page 163 - Are You Future Ready?
P. 163

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
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