The Government of the Hong Kong Special Administrative Region issued a “Talent List” aiming to attract “quality people from around the world in a more effective and focused manner to support Hong Kong’s development as a high value-added and diversified economy”. Among the 11 professions listed, distributed ledger technology was mentioned under “innovation and technology experts”.
The announcement states that the Quality Migrant Admission Scheme (QMAS) will allow successful applicants to settle in Hong Kong without a secured job offer, with an annual quota of 1,000 people. Although QMAS does not limit applicants to those covered by the Talent List, it reveals the specific areas that Hong Kong finds vital to the development of their economy.
The Chief Secretary for Administration and Chairman of the Human Resources Planning Commission, Mr Matthew Cheung Kin-chung, said, "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 fact that distributed ledger technology was specifically mentioned in the list shows that Hong Kong holds a special interest in the technology. Although closely related China continues to spread fear and caution, Hong Kong seems to be doing its best to retain and attract the intelligent minds in the innovative industry.