Page 236 - Are You Future Ready?

4.1
How can Hong

Kong transform into

an innotech hub?

President Xi Jinping directed the state agencies to
help make Hong Kong a global innovation hub in mid
2018. Then, a three-year Technology Talent Admission

234 Scheme was announced by the Hong Kong Immigration
Department. The new Scheme simplified the application
procedure and reduces the processing time with approval

being granted from four weeks to two weeks. A company
can be granted a maximum quota of 100 each year
for talent coming from the world’s most popular fields:
biotechnology, artificial intelligence, cybersecurity, robotics,
big data, financial technology, and materials science.

Many countries are competing for scientific and
technological talents which has proved to be a shortcut

to boost a country’s economic development. According to
a study from the World Intellectual Property Organization,