Addressing the acute shortage situation across various professions and bridging the gaps for high-skill talent are key priority areas for Hong Kong as we seek to boost the momentum of our economic revival post-epidemic and maintain our competitiveness in the long run.

The Chamber feels strongly about the need to scale up Hong Kong’s tax treaty network and has put forward a number of suggested jurisdictions in response to an invitation from the Financial Services and the Treasury Bureau. With the recent lifting of Covid-related restrictions, we are hopeful that substantive progress would be made in the near term to engage the prospective jurisdictions.

As Hong Kong strives to return to normalcy post-Covid, the Chamber has submitted recommendations on the 2023-24 Budget to the Financial Secretary which called for measures to support rapid and sustained economic recovery, retain and attract talent and business, as well as maintain Hong Kong’s international competitiveness.