Hong Kong Finance And Import-export Sectors Need Workers

10 May 2011

The finance and import-export sectors in Hong Kong are looking abroad for workers as the local population is not enough to fill the vacancies.

No fulfillment from local crowd has resulted in 4 percent unemployment rate in Hong Kong, which is low compared to other developed nations many of whom are still recovering from the global financial crisis of 2008.

Many firms in Hong Kong are having a difficult time finding workers with the skills they need, prompting them to look to countries such as India and mainland China to fill gaps in the labour market.

Hong Kong has a number of skilled migrant schemes to bring in foreign talent. Foreigners who are fresh graduates of Hong Kong Universities find it particularly easy to secure a visa, as they do not require a job offer to obtain a residence permit.

Other schemes exist for workers with degrees from foreign educational institutions and for residents of mainland China.