HK SOARS IN TALENT RANKING

The International Institute for Management Development (IMD) today published its World Talent Ranking 2024, with Hong Kong returning to the top 10 for the first time since 2016 as it rose from 16th to ninth.

Hong Kong improved across all three talent competitiveness factors as compared to last year. Its position rose from sixth to fourth in “readiness”, and from 15th to 13th in “investment and development”. Hong Kong’s ranking in “appeal” also rose from 32nd to 28nd.

Hong Kong topped the ranking for the percentage of graduates in the sciences, and was among the top five for availability of finance skills, effectiveness of management education, and remuneration of management.

The Hong Kong Special Administrative Region Government said Hong Kong’s return to the top 10 in the IMD’s ranking is clear evidence of remarkable progress in its work in the areas of education and talent admission.

In the 2022 Policy Address, the Hong Kong SAR Government announced an array of admission measures to entice global talent to come to Hong Kong. These included launching the Top Talent Pass Scheme, which targets high-income talent and graduates from the world's top universities, and enhancements to various talent admission schemes designed to enrich the local talent pool by attracting quality talent from elsewhere.

The Chief Executive's 2023 Policy Address set out clear strategic directions and objectives for enhancing the quality of education in Hong Kong, with a view to developing Hong Kong into an international post-secondary education hub and a cradle of future talent.

As of the end of August, more than 360,000 applications had been received under various talent admission schemes, with nearly 230,000 applications being approved, and more than 150,000 people of talent arriving in Hong Kong.

The Hong Kong Talent Engage was established at the end of October last year to provide one-stop support services to incoming talent.

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