Within 15 years, the elderly population in Hong Kong is projected to rise to over 30% -- almost doubling from 17% in 2016. By 2066, one in every three Hong Kongers will fall into this bracket, defined as aged 65 and older. This will obviously have a knock-on impact on the workforce, which is expected to shrink if nothing is done to mitigate our ageing population.
The global competition for talent is intense and has been complicated recently by pandemic-related lockdowns. At the same time, Hong Kong appears to be contending with a talent exodus. According to a Chamber survey conducted in July, "brain drain" was cited as a priority concern for Hong Kong businesses for the remainder of 2021.
Although the Greater Bay Area initiative could provide some relief through a freer movement of workers, it could also result in more competition for workers. Demand for talent among the other 10 GBA cities mean Hong Kong has its work cut out, as the Mainland cities aggressively court skilled workers through a variety of preferential policies and incentive schemes.
Join us on 20 October when Stephen Ching, Associate Professor at HKU Business School, and KC Kwok, CEO at the Hong Kong Academy of Finance, will share their thoughts on the outlook for Hong Kong's evolving labour landscape and the implications for the city's long-term competitiveness. They will also discuss possible solutions to the demographic crunch and how to attract overseas talent.
This session is the fourth in a series of events the Chamber's Economic Policy Committee is organizing with the HKU Business School to consider some of the pressing issues facing Hong Kong.
For HKU students and alumni, please click here for registration
Coronavirus Containment Measure:
- To prevent the spread of Covid-19, we kindly ask that all event participants wear a mask when attending the event
- To minimise the risk of spreading the coronavirus, if you or a family member has been overseas within 14 days of this event, then we kindly request that you do not attend.
- To prevent the spread of Covid-19, food and beverages will not be provided during the event
- Chamber staff will be conducting temperature checks at the premises.