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World Business Report: First broadcast 19/10/2022 14:32 GMT : Graduate plan to reverse Hong Kong brain drain

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Hong Kong aims to reverse brain drain with visas for top graduates.

First broadcast 19/10/2022 14:32 GMT 

First broadcast 19/10/2022 14:32 GMT : Graduate plan to reverse Hong Kong brain drain

Graduate plan to reverse Hong Kong brain drain

BBC World Service - World Business Report, Graduate plan to reverse Hong Kong brain drain

Hong Kong announces incentives to lure talent and companies to the territory.

The Chief Executive of Hong Kong is offering incentives to lure talent and companies. John Lee is looking to reverse a decline driven by the pandemic and political upheaval.

Hong Kong’s Chief Executive John Lee has unveiled plans to give two-year visas to high earners and graduates from the world’s top 100 universities and give property-tax breaks to foreign buyers who go on to become permanent residents and benefits to companies. Companies will also be able to hire mainland professionals more easily under the plans. Shuli Ren is a Bloomberg Opinion columnist based in Hong Kong and shares her thoughts on this.


We hear from our reporter in Tunis, Souhail Khmira about how Tunisian bakery owners are ceasing operations. They say they will demonstrate at their union headquarters until the government pays them overdue compensation for bread subsidies. 


The European Union could impose new sanctions on Iran following further investigations into whether it helped Russia in its war in Ukraine. Tehran is being blamed for providing drones, which have been used to attack Kyiv.  We speak to Ali Mazroui in Brussels. He is a former Iranian MP, and has  been an economic analyst for the Salaam newspaper in Iran. 



(Image: Hong Kong Chief Executive John Lee delivers his first annual policy address at the Legislative Council in Hong Kong.  Source: Reuters)

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