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Hong Kong In-demand Talent List
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With the current mass exodus of expat professionals and families, local and multinational companies struggle to retain their talents. The phenomenon is widespread across all industries, but the finance and digital-asset industries are hard-hit and are responding by offering salary increase of up to 35%[1], along with bonuses and other incentives, for executives and employees who are willing to stay. As the Chief Executive of Hong Kong has recently eased quarantine policies, such as putting the mass testing plan on hold and shortening the hotel quarantine period for inbound travelers to 7 days, the extent to which these new policies will retain the talents and safeguard Hong Kong’s competitiveness is yet to be seen, but new opportunities certainly arise for foreign talents who are curious about landing a job in Hong Kong. Despite the political followed by sanitary twists Hong Kong has been experienced in the past few years, the city remains a multicultural, modern metropolis with an abundance of opportunities for talents around the world who look beyond the headlines. So, what kind of talents and professionals does Hong Kong need? Every year, the Hong Kong government create a list of economic and other objectives. In order to meet these objectives, the import of relevant abilities, knowledge and expertise of foreign talents and professionals is necessary. As such, this list of annual objectives in turn becomes the driving force of the in-demand employment areas and talent list that the Hong Kong government updates regularly.
The 2021 talent list is comprised
of 13 professions. The listed talents or titles are those who Hong Kong needs the
most in the immediate to medium term for the development of its economy, who
will add values and diversities to its economy. Here are the following 13
professions:
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1. |
Dispute Resolution Professionals and Transactional Lawyers |
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“High development
potentials in Hong Kong given its position as an international dispute
resolution services centre.” |
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Hong Kong welcomes… | |
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2. |
Asset Management Professionals |
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Rapid growth in Asia, financial market liberalization in the mainland and government policy to strengthen the sector.
There are great opportunities
for experienced investment analysts and investment consultants with expertise
in researching into investment opportunities and building investment portfolios
in finance and investment banking industries.
There is also great demand
for experienced fund managers with expertise in supervising administration of
fund portfolios and implementing investment and distribution policies.
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3. |
Actuaries |
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A great demand for experienced professional actuaries to meet market development especially in insurance industry. Opportunities are available for expertise who can carry out actuarial valuation related to insurance product pricing, assets and liabilities management and liabilities management and risk management and supervising the preparation of valuations and reports. |
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4. |
Fintech Professionals |
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This is a fast-growing sector with numerous potentials. To maintain Hong
Kong as an international financial centre, Hong Kong requires experienced
professionals in Fintech with expertise in conducting a broad range of tasks
related to application of technology to financial services and relevant
research and development, including distributed ledger technologies, artificial
intelligence, big data and cyber security, etc. |
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5. |
Data Scientists and Cyber Security Specialists |
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There are two types of talents needed in Hong Kong Data scientists and cyber security specialists are crucial to the ICT development. Experienced data scientists with expertise in working with large datasets and using machine learning and statistical methods to meet client business needs. To develop and implement statistical tools to build predictive models. Also, experienced cyber security specialists with expertise in designing and maintaining information technology security, supporting the front-line defense and carrying out assessment for the security implementation. |
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6. |
Naval Architects |
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Hong Kong is a leading international maritime centre and in needs of Naval Architects with expertise in studying and preparing specification for the building, conversion or repair of ships or offshore structures; supervising their overall design, construction, maintenance and advising on the certification and registration of vessels for the entities such as maritime consultancy firms, ship management companies or classification societies and local shipyards. |
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7. |
Marine Insurance Professionals |
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To enhance Hong Kong’s position as an international Maritime Centre. The demand for experienced
professionals in marine insurance with expertise in supervising the preparation
of valuations and reports, management the formulation of insurance policies,
running day-to-day underwriting team, covering new business, monitoring binder
progress and claims management, finding ways to grow accounts through
competitive pricing and excellent service. |
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8. |
Marine Engineers and Superintendents of Ships |
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Opportunities are always available for Marine Engineers and
Superintendents of Ships at ship management sector with expertise in the
overall management and technical operations of assigned fleet in a safe and
profitable manner, who may also work in the classification societies or as
private surveyors to conduct statutory certification and surveys throughout the
ship's life. |
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9. |
Innovation and Technology Experts |
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Hong Kong is craving I&T experts related to research and development
in relevant innovation fields, including pharmaceutical and life
science/biotechnology; data engineering, artificial intelligence, robotics,
distributed ledger technologies, biometric technologies, industrial/chemical
engineering and materials science/nanotechnology. |
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10. |
Creative Industries Professionals |
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The Guangdong-Hong Kong-Macao Bay Area Development and the Belt and Road
Initiative to enhance Hong Kong’s strength as a trend-setting creative capital
in the region, and leads to high demand for roles of creative industries professionals
such as: |
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11. |
Waste Treatment Specialists |
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The HKSAR Government unveiled the “Waste Blueprint for Hong Kong 2035” to
realize the vision of “Waste Reduction．Resources Circulation．Zero Landfill” So, there are opportunities for experienced waste treatment
specialists in planning, implementing, coordinating and evaluating
comprehensive waste management systems that are designed to maximize waste
prevention, reuse and recycling. |
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12. |
Financial professionals in Environmental, Social and Governance (ESG) |
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Carbon neutrality is the trend and the long-term objective before 2050.
We can foresee that more ESG-related business opportunities are expected to
emerge in the financial services sector in Hong Kong and we expected the demand
of experienced ESG professionals with expertise in ESG financing, investment,
product development will rise. |
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13. |
Professionals in compliance in asset management |
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Due to economic growth and wealth accumulation in Asia, financial market liberalization in the mainland, experienced compliance professionals in asset management is highly demanded with expertise in (i) compliance risk management; (ii) handling requests from regulators; and (iii) providing compliance advice and training to management and operational departments. If you come from one of these professions, Hong Kong will be the perfect place for you to build your career. There are 3 types of Hong Kong visas that you can apply for: |
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[1] Hong Kong Bankers Who Stay With Covid Restrictions Get Pay Raises, Promotions - Bloomberg |
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