Hong Kong's government has decided not to impose a cap on its talent attraction schemes, aiming to attract as many skilled individuals as possible in a competitive global market. The Labour and Welfare Secretary, Chris Sun, stated that the focus is on ensuring these new arrivals contribute meaningfully to the economy through employment or business establishment, as evidenced by the high approval rate of applications. Since 2023, over 126,000 applications have been approved, with the vast majority originating from mainland China, despite some expert concerns about the city's capacity to integrate such a large influx of non-local talent. AI
RANK_REASON Government policy announcement regarding talent attraction and immigration. [lever_c_demoted from significant: ic=1 ai=0.1]
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