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Policy Address|Promoting visas to lure top 100 students from all over the world to come to Hong Kong to live in Hong Kong unconditionally for a maximum of 2 years

2022-10-19T04:31:12.548Z


Chief Executive Li Jiachao will read out his first policy address after taking office at 11:00 today (19th), focusing on attracting talents and land and housing policies. It is understood that the authorities will introduce graduate visas, with reference to the list of international university rankings.


Chief Executive Li Jiachao will read out his first policy address after taking office at 11:00 today (19th), focusing on attracting talents and land and housing policies.

It is understood that the authorities will introduce graduate visas, referring to the list of international university rankings, to allow graduates from relevant institutions to come to Hong Kong to find jobs. If they have work experience, they can live in Hong Kong for up to 2 years without conditions.

For those who come to Hong Kong to buy properties in Hong Kong, they will be able to receive a refund of all or part of the 15% buyer's stamp duty (BSD) that non-permanent residents have to pay when they buy properties for a certain period of time, so as to increase their incentive to live in Hong Kong.


As for land and housing, at the policy level, walls will be dismantled to speed up the construction of public housing and set up performance indicators (KPIs); a privately owned HOS project will also be implemented, in addition to government land, developers will also be allowed to use land to build subsidized housing , similar to New World's subsidized housing scheme, with an initial phase as low as 5% of the property price.

Help young people buy a house.


▼On October 18, Li Jiachao presented his policy address▼


Policy Address|Overseas professionals who come to Hong Kong to buy property can get tax rebates to buy 10 million flats and save 2.62 million in tax Policy Address Live Broadcast|Promoting 30,000 "simple public housing", the waiting list for public housing will be reduced to 4.5 years within four years Spicy" No surprises, real estate stocks' gains evaporated, New World tumbled 4% Policy Address | East Rail Baishijiao Station Plans to Open to Traffic in 2033 for Hong Kong-Shenzhen Western Railway Research University Graduation Policy Address|Establish a 30 billion "co-investment fund" to introduce and invest in Hong Kong enterprises

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Non-local students who graduated in Hong Kong will stay in Hong Kong to work for 2 years

At present, the Government has arrangements for non-local graduates to stay/return to Hong Kong for employment. For non-local students who have completed a full-time locally-accredited programme in Hong Kong and obtained a bachelor's degree or higher, they only need to meet the general entry requirements, regardless of their status. Depending on the length of the employment period, they can also stay in Hong Kong to work for 12 months without being restricted by other conditions of stay.

The source said that the length of stay in Hong Kong will be doubled to two years in order to retain talents.

According to the source, the authorities will also allow non-local graduates from top universities in the international rankings such as QS or THE to come to Hong Kong to work through the program, without having to study in Hong Kong and not limited to the "Quality Talent Admission Scheme". "For the 13 majors on the list, the authorities expect these graduates from prestigious universities to take up high-end jobs and not grab grassroots job opportunities.

As for the length of stay in Hong Kong, if they have work experience, the unconditional residency in Hong Kong can be extended to 2 years.

▼The policy address proposes new policies to solve housing and land issues▼


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Professional property buyers get refund of buyer's stamp duty but need to live in Hong Kong for a certain period of time to avoid property speculation

At present, non-permanent residents are required to pay an additional 15% Buyer's Stamp Duty (BSD) when they buy properties in Hong Kong. Earlier, some lawmakers and developers proposed to partially cancel and increase the conditions for attracting professionals. It is reported that the policy address will implement the relevant recommendations, but not immediately Exemption, but only for those who come to Hong Kong through the Professional Talent Scheme. They can only be refunded for a certain period of residence in Hong Kong, and the period may be up to seven years, so as to avoid encouraging overseas people to speculate on properties.

▼The policy address proposes to "grab talents and enterprises"▼


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▼The policy address proposes to enhance the competitiveness of Hong Kong▼


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Policy Address|The innovation and technology sector urges to speed up the approval of talents to issue temporary work permits and set up group review qualifications Free full body check

Source: hk1

All news articles on 2022-10-19

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