The southeastern region of China, Hong Kong attracts Fintech specialists that assist in economic development in the region. The Chinese government has started focusing on all those professionals that work in specialty field like distributed ledger technology as well as asset management. With this brilliant step in place, Hong Kong has simplified its immigration policy to attract Fintech professionals from around the world.
The Chinese region has acquired to scale up its region at a higher level by becoming a value-added and diversified economy. Besides this, the region is moving to support the immigration policy in order to attract professionals from around the world. The authorities have prepared the talent list of around eleven professionals already working in the Fintech industry. With this, the region wants to introduce itself as “Talent Hub – Unlimited Opportunities”.
The government has formally announced on its website that it would like to attract all those professional that actively work on numerous areas of the blockchain, data engineering with mining and analytics, artificial intelligence, robotics technology, cyber security besides engineer, waste treatment specialists, naval architects already in place.
Hong Kong particularly focuses on Fintech professionals and technology experts that can help build distributed ledger technologies (DLT). Besides this, the authority would like to formally invite all those talented persons having gained sufficient domain expertise on fund management, asset management, legal & compliance experts that can tackle with international financial and investors related issues.
The Chief Secretary and Chairman of the Human Resources Planning Commission, Matthew Cheung Kin-chung commented in his statement, “Hong Kong welcomes talents from all over the world with valuable skills, knowledge, and experience to work here, bringing their talent into full play and further developing their careers. The promulgation of the Talent List is one of our major initiatives to enhance our competitive advantages in attracting international talents, creating cluster effects, stimulating the development of local talents and propelling Hong Kong forward.”
The Hong Kong Quality Migrant Admission Scheme (QMAS) has streamlined the entire process of immigration for eligible technology experts. The current quota is around 1000. All those experts that come from the foreign countries will be approved under QMAS and will be able to settle down in the region. Besides these experts don’t need to acquire any offer letter from their employers.
The more details information have been published on the Talent List’s dedicated page on the website of the Immigration Department of Hong Kong. At present, the authorities in Hong Kong has started accepting applications from eligible candidates that are a technological expert and highly qualified.
The latest news to scalp up Hong Kong comes especially when the mainland China has declined the crypto sector. The Chinese regulators have recently announced to restrain payments to overseas crypto exchanges after restricting coin offerings and crypto yuan trading and all those media that air crypto news. The restriction on crypto related activities imposed by the Chinese government to the internet and e-commerce giants like Alibaba, Baidu, and Tencent.
Let us not forget that any new age technology, when used cautiously, helps mitigate risks and support the activities and process through the variety of mechanisms in place!!