Hong Kong talent pool drains further as graduates join exodus

Posted by Ed 27 days ago

Hong Kong recruiters are struggling to hire overseas graduates for the financial services and legal industries in another sign the Asian hub is losing its lustre.


Amid a clampdown on dissent and stringent Covid-19-zero policies, the Chinese territory has seen an exodus of experienced financial professionals. Now, headhunters say junior talent for investment banks and law firms is also harder to find and retain, with global recruitment firm Ambition reporting a 40 per cent decline in candidates for entry-level positions compared with before the pandemic.


Among those leaving Hong Kong is 21-year-old Goldman Sachs analyst Sparsh Singhal, who is relocating to Singapore just one year after graduating so he can visit his family in Indonesia without the hassle of quarantine.

"I didn't really want to leave Hong Kong," he said. "But every time I think of going back to visit my family or they think about coming here, quarantine just takes up all of our leave."

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