He continued,” For island businesses like Tencent or Alibaba, they have their own growth center in mainland China.” & nbsp,
Hong Kong is more akin to their financial center. Businesses want to base their top management around so they can collaborate on This tactics with their peers in China.
However, Mr. Kwan warned that as part of a de-risking strategy that businesses have used in the past ten years, multinational corporations had re-evaluate whether Hong Kong is an appropriate location to continue parking their local headquarters. & nbsp,
He observed that” Companies have started deploying their software personnel throughout the place.” They do not want to relocate everyone to the same area. It will typically get a blend of Singapore and Hong Kong. Additionally, it will be combined with locations like Tokyo, China, Kuala Lumpur, or Manila.
BOLSTERING THE TECH AMBITIONS OF HONG KONG
Industry players think that utilizing the resources of the Greater Bay Area ( GBA ) can support Hong Kong’s own tech aspirations.
According to Mr. Simon Chan, president of the high-tech area Cyberport, one of our advantages is that we have a sizable market in terms of skills sources as well as the market for company solutions, tech solutions and applications. & nbsp,
According to employment changes, experts from the island, for example, make up 95 % of candidates under Hong Kong’s Top Talent Pass Scheme. & nbsp,
On the other hand, American expats have returned more slowly. & nbsp,