Page 164 - Are You Future Ready?
P. 164

GDP in R&D spending in 2017, they are aiming for 3% in

                     the near future.


                     Under strong competition from neighbouring cities, it is
                     difficult  for  Hong  Kong  to  effectively  attract  and  retain

                     talent. The relatively uncompetitive compensation and
                     benefits, small and expensive housing, and poor air quality
                     have all made it difficult for overseas talent to live and
                     work in a comfortable way here. This has also caused

                     Hong Kong’s ranking as a top destination to drop from 11th
    162              in 2013 to 41st in 2019 in a global expatriate survey.


                                  Hong Kong + Shenzhen?



                     Although Financial  Secretary Paul Chan continues to
                     invest over HK$45 billion to drive the development of I&T
                     infrastructure and talent retention in Hong Kong through the

                     Budget released in early 2019, to retain and attract more
                     talent to Hong Kong, the government still has to do more.
                     We need policies and the right environment to encourage
                     researchers and students to commercialise their ideas

                     which can really help jumpstart the development of I&T in
                     Hong Kong.
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