Hong Kong, a former British colony handed to Chinese control in 1997, faces myriad challenges. “We must be more proactive and aggressive in competing for enterprises and competing for talent,” Lee said during his maiden policy address on Wednesday. He aims to recruit 35,000 skilled workers Hong Kong each year. Singapore overtook Hong Kong in a ranking of global financial centers last month. Skilled workers from mainland China also may just treat Hong Kong as a stepping stone for their careers, he said.

Source: Hindustan Times October 19, 2022 16:10 UTC