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.
