This webinar focuses on two locations that were hard hit by the effects of strict COVID policies and geopolitics. International headlines have created some misconceptions, and the entire webinar is worth watching to dispel some of the market myths. In reality, both locations have strong talent movement.

A few key themes:

• 1.      Hong Kong has a strong influx of talent, especially from mainland China and returning HK expatriates, bolstered by the Top Talent Pass Scheme (TTPS), which has attracted 90,000 applicants.
• 2.      Corporate growth strategies continue to prioritize China as a destination, with a recent poll showing that over 78% of respondents indicated China was equally or more important post-pandemic.
• 3.      Domestic and international mobility is robust in China.
• 4.      95% of businesses in China consider domestic mobility essential to their growth, and many companies have defined relocation policies.
• 5.      Hong Kong remains one of the most expensive cities in the world and a high-cost housing destination.  Local high interest rates have kept home buyers out of the market and in rental housing, keeping demand high.
• 6.      International school spaces are more available than normal in Hong Kong, although top-tier schools remain oversubscribed.
• 7.      China’s low inflation and currency depreciation have led to deflation in some cities, potentially decreasing the cost of living for some expats.

To get the full benefit of our knowledgeable panel, watch the full webinar

                YouTube                                            bilibili                 

 

These webinars and all previous ones are also always available in the Resources Section of the Members Section of our website.