SAR Administration Introduces Flexible Arrangements for Non-Local Hiring in Tech Sector, Boosting Production Speed, Hong Kong

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SAR Administration Introduces Flexible Arrangements for Non-Local Hiring in Tech Sector, Boosting Production Speed

The SAR administration is taking steps to introduce flexible arrangements for non-local hiring in the technology sector, with the aim of accelerating production speed. Secretary for Innovation and Technology, Sun Dong, announced this move in response to Chief Executive John Lee’s policy address introducing a new HK$10 billion industrialization acceleration scheme.

The scheme will provide financial assistance to enterprises in life and health technologies, AI and data science, advanced manufacturing, and new energy technologies. Under this initiative, enterprises can receive funding of up to HK$200 million for their production facilities and are granted more flexibility in non-local hiring.

Sun Dong highlighted that technical personnel would typically be permitted to work in the SAR through the Top Talent Pass or Technology Talent Admission schemes. However, in cases where enterprises cannot find suitable personnel through these existing schemes, they will be allowed to import a certain number of technical personnel under the new scheme. This measure aims to expedite the setup of production lines.

Furthermore, restrictions on the number of subsidized research talents that enterprises can employ under the Research Talent Hub funding program may also be relaxed, according to Sun Dong.

Addressing the plans for an AI supercomputing center at Cyberport, Sun Dong mentioned that the government intends to fund its construction, with the goal of Cyberport becoming self-sufficient. Effective communication between the government and Cyberport will be crucial to enhancing cybersecurity measures.

These initiatives by the SAR administration demonstrate a commitment to bolstering the technology sector and accelerating industrialization. By providing financial assistance, allowing flexibility in non-local hiring, and supporting research and development, the administration aims to create a favorable environment for technological innovation and production.

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This latest announcement is expected to attract global attention and potentially boost foreign investment in Hong Kong’s technology sector. With the introduction of these flexible arrangements, the SAR administration is positioning itself as an attractive destination for tech companies and talent alike.

Sources:

– [SAR Administration Introduces Flexible Arrangements for Non-Local Hiring in Tech Sector, Boosting Production Speed](https://www.news.gov.hk/eng/2022/01/20220120/20220120_133607_118.html)

Frequently Asked Questions (FAQs) Related to the Above News

What is the purpose of introducing flexible arrangements for non-local hiring in the technology sector?

The purpose is to boost production speed and accelerate industrialization in the tech sector.

What is the new HK$10 billion industrialization acceleration scheme?

It is a scheme that provides financial assistance to enterprises in life and health technologies, AI and data science, advanced manufacturing, and new energy technologies.

What funding can enterprises receive under the industrialization acceleration scheme?

Enterprises can receive funding of up to HK$200 million for their production facilities.

How can enterprises benefit from the flexible arrangements for non-local hiring?

Enterprises are granted more flexibility in hiring non-local technical personnel if they cannot find suitable personnel through existing schemes.

Are there any restrictions on the number of subsidized research talents that enterprises can employ?

The restrictions on the number of subsidized research talents may be relaxed under the Research Talent Hub funding program.

What plans does the government have for an AI supercomputing center at Cyberport?

The government plans to fund the construction of the AI supercomputing center at Cyberport.

How will the SAR administration enhance cybersecurity measures at Cyberport?

Effective communication between the government and Cyberport will be crucial in enhancing cybersecurity measures.

What is the goal of the SAR administration's initiatives?

The goal is to create a favorable environment for technological innovation and production in Hong Kong's technology sector.

What impact is the introduction of flexible arrangements expected to have?

It is expected to attract global attention and potentially boost foreign investment in Hong Kong's technology sector.

How does the SAR administration position itself with these initiatives?

The SAR administration positions itself as an attractive destination for tech companies and talent by providing financial assistance, allowing flexible non-local hiring, and supporting research and development.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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