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Written by: Yuan Shu and Deng Yinglin
2020-11-25 16:37
Last update date: 2020-11-25 16:42
Chief Executive Carrie Lam Cheng Yuet-ngor today (25th) released the fourth "Policy Address" during her term. It includes a number of youth development programs to promote employment in Hong Kong. Among them, after meeting with representatives of the Guangdong and Shenzhen governments at the beginning of the month, the two places agreed to strengthen talents Exchange training revealed that the Hong Kong government will launch the "Greater Bay Area Youth Employment Program" to encourage companies to hire about 2,000 Hong Kong university students to work in the Greater Bay Area.
According to government sources, the plan aims to recruit and send local university graduates to work in cities in the Greater Bay Area. There are a total of 2,000 places, including 1,600 general positions and 400 innovation and technology positions. The recruitment company needs to be in the Greater Bay Area and Hong Kong has businesses and needs to be recruited in accordance with Hong Kong's "Labor Laws", and salaries will be settled in Hong Kong dollars.
It is understood that the monthly salary of general jobs under the plan needs to reach 18,000 Hong Kong dollars, among which the Hong Kong government will subsidize 10,000 yuan; while the monthly salary of innovation and technology jobs needs to reach 26,000 Hong Kong dollars, and the government will subsidize 18,000 dollars.
In addition, the Hong Kong government will launch a five-year "Outstanding Creative Scientists Program", which is estimated to spend about 2 billion yuan to attract overseas scientific research personnel to Hong Kong.
Many industries have been affected by the epidemic, and the unemployment rate in Hong Kong is high. The situation is cause for concern.
Chief Executive Carrie Lam Cheng Yuet-ngor stated in his policy address that at the beginning of the month, he met with representatives of the Guangdong and Shenzhen governments. The two sides agreed to strengthen cross-border construction, facilitate customs clearance, build a science and technology innovation center, and promote education, talent training and exchanges between the two places.
She described that given the size of Hong Kong's economy and market, the youth unemployment rate may remain double-digit for a period of time. Considering that the Greater Bay Area has a population of 70 million and the potential for development is huge, it is recommended that young people work in cities in the Greater Bay Area.
She pointed out that during the consultation period of the Policy Address, many companies stated that if the government provides subsidies, they can provide employment opportunities for youth in the Greater Bay Area, and the Hong Kong Government will encourage companies with business in Hong Kong and the Greater Bay Area to hire and station in local universities. Graduates go to work in cities in the Greater Bay Area, with a quota of 2,000, including hundreds of positions in the technology industry.
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The unemployment rate of local young people has risen and the "Greater Bay Area Youth Employment Program" is intended to be launched. According to
government sources, the unemployment rate in Hong Kong has risen recently, especially the number of young people unemployed. The unemployment rate from August to October was 6.4%. The unemployment rate for persons aged 24 to 24 is as high as 19.7%, and that for persons aged 25 to 29 is as high as 7.9%. The number of unemployed persons with a degree has reached 67,600, an increase of 29,700 from last year.
Under these circumstances, the Hong Kong government launched the "Greater Bay Area Youth Employment Program", hiring and dispatching 2,000 people to work in cities in the Greater Bay Area.
Need to announce details of Hong Kong’s labor laws at the end of the year.
Government sources pointed out that participating companies need to have operations in the Greater Bay Area and Hong Kong, and recruitment needs to follow Hong Kong’s labor laws. Many companies have expressed interest and specific plans. Will be announced at the end of the year.
Those who can participate this time need to be graduates from 2019 to 2021, and they need to hold a bachelor's degree or above.
As for why there is a graduation year limit instead of an age limit, the source said that graduates have relatively less experience and it is more difficult to find a job.
1600 general positions 400 innovation and technology positions
Government sources also said that 1,600 of the 2,000 places are general positions with a monthly salary of 18,000 or more. Among them, the Hong Kong government will subsidize 10,000 for 18 months. The graduate school is not limited to Hong Kong, the Mainland or overseas.
The other 400 positions are innovation and technology positions, with a monthly salary of 26,000 yuan and government funding of 18,000 yuan. The duration is also 18 months. However, during the funding period, you need to stay in Hong Kong for 9 months to engage in research-related work (RND related) , And must graduate from a STEM (Science, Technology, Engineering and Mathematics) major from a local university.
The source explained that the monthly salary of 26,000 is based on market prices. Although Hong Kong is slightly higher, it is similar to the Greater Bay Area.
Estimated to cost 430 million yuan to be coordinated by the Labour Department
At present, the mainland and Hong Kong have not yet cleared customs. According to sources, there are currently no special customs clearance arrangements for recruiters; if the registration response is enthusiastic, there is a chance to push the plan again.
The entire plan is coordinated by the Labour Department, and the Epidemic Prevention and Anti-epidemic Fund will allocate 430 million yuan for the plan.
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