The Hong Kong government plans to offer cash subsidies and simplify immigration regulations to attract global fintech and ESG talent, he said Christopher HuiSecretary for Financial Services and Treasury, pursuant to a South China tomorrow post Report.
The perks: A new round of cash grants totaling $1.3 million will be available for fintech startups starting September 10, the report said.
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A cash grant of between HK$150,000 and HK$400,000 will be provided for each approved project for fintech startups to build innovative financial products or services for banks, insurance companies or wealth management firms in Hong Kong and the Greater Bay Area, the report said.
Last year, HK$10 million worth of grants were made available for 90 projects, it said.
requirements: The government created a talent roster in 2018 to attract highly skilled professionals to support Hong Kong’s development into a “value-added and diversified economy”.
In last year’s review, ESG was included in the list and immigration rules were relaxed, the report says.
Those intending to come to Hong Kong are required to have a bachelor’s degree in ESG with relevant experience, but do not need a job offer from a local company. They can bring their relatives with them, it said.
“As an ESG hub, we need the right talent. And therefore, on this front, the government will support the training of professionals in Hong Kong so that they can acquire ESG knowledge and standards,” Hui said.
