Reflecting the governmentโs resolve to attract talent, the scheme is highly applicant-friendly. It represents a kind of โopen door policyโ for immigration.
The government has moved to fast-track immigration for talented professionals through other efforts as well. Since 2022, the city has received 500,000 applications under various talent admission schemes. It has approved 330,000 of them; 220,000 applicants have arrived.
Hong Kong clearly wants to entice qualified applicants to arrive as soon as possible and let them know that the city welcomes them with open arms. The scheme has opened the floodgates to immigration and has become a strong magnet, drawing a large number of talented professionals from mainland China.
Given the mainlandโs relatively subdued economic growth, Hong Kong has become an attractive alternative for young professionals. This explains why the number of applicants has exceeded the originally announced target.