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.
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