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The outflow of people and wealth ︱ Congressman hits no remedy for the disease, Xu Zhengyu believes in returning after the epidemic: the opportunity is in our country

2022-04-06T10:50:45.011Z


Hong Kong has been strictly preventing imports for two years under the epidemic, which has led to international withdrawal of capital and brain drain. The Secretary for Financial Services and the Treasury, Mr Hui Zhengyu, acknowledged in the Legislative Council's questioning session today (6th) that there is a brain drain in Hong Kong, emphasizing that only


Hong Kong has been strictly preventing imports for two years under the epidemic, which has led to international withdrawal of capital and brain drain.

The Secretary for Financial Services and the Treasury, Xu Zhengyu, admitted to the Legislative Council's questioning session today (6th) that there is a brain drain in Hong Kong, emphasizing that it is only a short-term situation. "So there is no sign of capital outflow!" He pointed to Hong Kong's geographical proximity to the mainland and its institutional advantages. "It is an indisputable fact that long-term opportunities lie in Hong Kong, in Asia, and in our country." will flow back.


However, members questioned Xu Zhengyu's failure to face up to reality and did not introduce targeted measures. Chen Zhongni, a member of the election committee, pointed out that he knew that some multinational financial companies had withdrawn some funds, and international talents had considered before leaving Hong Kong. The policy that the Hong Kong government has repeatedly stated: "I already know, evaluated, weighed the pros and cons, go first (leaving Hong Kong)!" He asked the government to explain clearly what measures to take, but Xu Zhengyu only reiterated that Hong Kong has structural advantages, Full confidence in medium and long-term development.


More or less, it will have an impact on individuals and companies, but Hong Kong has always been an economy with a high degree of openness. As long as it can maintain its competitive advantage, even if there is an outflow of talents, it should only be a short-term situation.

Xu Zhengyu talks about customs clearance restrictions under the epidemic

Xie Weijun questioned that there are no specific measures to retain talents

The dissatisfied lawmaker also raised a question by Tse Wai-chun. He mentioned that the natural growth of Hong Kong's population is "life does not match death". Taking last year as an example, there were 37,000 newborn babies, but the number of deaths reached 51,200. It is an indisputable fact that the population is aging; Arrivals are also negative, with net outflows as high as 25,000 in a week recently.

He cited the departure of companies such as Morgan and Mandarin Oriental as examples. He criticized the talent measures in the policy address and the budget as always being "open", and questioned that the government has ignored the immigration wave.

In the case of continuous outflow of talents, there are no specific measures to retain talents.

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Xu Zhengyu: "Talents" appeared more than 50 times in the policy address budget

Xu Zhengyu responded that the government attaches great importance to "talents". These two words have appeared more than 50 times in the policy address and the budget. The government hopes that talents can "get, retain and develop", so it has invested a lot in the development of innovation and technology. Gongfu, citing data, said that the 2021 Talent Program will grant more than 2,000 quotas to talents from more than 20 countries and regions, which is an all-time high.

He pointed out that on the issue of immigration and brain drain, it is necessary to distinguish between "appearance and essence", and believes that "fundamental efforts must be made to maximize the advantages and make good use of the advantages of "one country, two systems" and the Greater Bay Area, and talents will come to Hong Kong!" He said Said that the current cross-regional work is blocked due to the epidemic, and the government has adjusted measures such as the no-fly order earlier: "The epidemic is a temporary situation, and the family must stabilize and control the epidemic so that the epidemic will not recur under certain circumstances, as long as this question is Once done, I believe that many institutions and talents will naturally continue to develop their businesses in Hong Kong.”

Chen Zhongni: Hong Kong's status as an international financial center is jeopardizing

Chen Zhongni said that he knew that many multinational companies have withdrawn to Singapore, and these evacuated international companies and talents will sign two to three-year leases after arriving in Po, and arrange for families and children to study. He believes that the situation has endangered Hong Kong. status as an international financial center.

Xu Zhengyu responded that he firmly believes that Hong Kong has structural advantages and believes that if foreign companies target the mainland, they will choose Hong Kong, because the flight to Shanghai and Beijing is only 3 or 4 hours, but the distance from Singapore is twice as long. Middle East, London or New York.

Under the tide of immigration, many schools are recruiting transfer students from Bahrain Primary School, Marylewright, St. Joseph and other famous schools. Hong Kong's population at the end of last year was 7.4 million and 27,000. Hong Kong people migrated to the Hong Kong government: the immigration tide cannot be linked with the immigration tide. Efforts in Hong Kong may not be perfect: but after all, it is our home immigration wave | Democracy thinking survey: the score of one country, two systems has risen slightly, immigration intention has significantly subsided the immigration wave It is unavoidable that the killing of schools by human resources and teaching will inevitably lead to the acceleration of the tide of jumping boats. Schools should be aggressive in immigration and population reduction?

Higher education experts remind not to make 4 mistakes The number of foreign investment in Hong Kong has hit a record high of over 9,000

Source: hk1

All news articles on 2022-04-06

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