Page 90 - 2024 Special Report on the State of Business in South China
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As discussed earlier, digital economy has two cities will capitalize on the opportunities
redefined the demand for talent. The technological in the Qianhai Shenzhen-Hong Kong Modern
transformation of traditional industries and the Service Industry Cooperation Zone and join
growth of emerging industries have led to a hands in talent attraction, mutual recognition
surge for digital talent. For example, a proposal of credentials and training, with an emphasis
Hong Kong Industry 4.0 released in July 202118 on the following aspects.
suggested that the issues of deindustrialization
and excessive uniformity of the city?? industrial ?? Improvements in the mechanisms for talent
structure should be addressed. However, there retention, talent attraction and talent servicing
is a loss of talent in Hong Kong?? engineering
sector19, leading to a growing urgency in Both Shenzhen and Hong Kong have rolled
boosting the talent supply in emerging industries out talent attraction policies to address talent
such as smart manufacturing. Furthermore, shortages, such as the talent residency pass. In
technological advancements have accelerated this effort, the 30 financial measures of Qianhai22
the development of new application scenarios put an emphasis on luring high-end financial
and innovations in business models. Therefore, talent; the Guangdong Province set up a cross-
professionals in core technologies are critical boundary office of the Human Resources and
for the economy. A survey has shown that20 Social Security Department of Guangdong
Shenzhen?? demand for artificial intelligence Province in Hong Kong and the Qianhai e-Services
generated content (AIGC) talent is ranked high Hong Kong Macau Station. These are talent
in the nation. With the rapid development programs that aim to attract talent expeditiously.
of technology and tightening of government Currently, there are 85,000 residents of Hong
regulations, data compliance professionals are Kong and Macau who are registered employees
much sought after by the market. in Guangdong23, and over 40,000 residents of
Hong Kong and Macau participating in social
Policy support on cross-boundary talent flow security in Shenzhen24.

Shenzhen and Hong Kong play an important ?? Recognition of credentials: Promote the
role in activating the talent market and joint verification of professional qualifications in
enhancing talent attraction. The following different industries and academic attainment,
table presents a general overview of some of and improve the mechanisms for qualification
Shenzhen and Hong Kong?? talent policies21. The assessment and verification

18 Holden Chow releases Hong Kong Indus- After the promulgation of the Outline
tries 4.0 - A Proposal to Launch Re-industrialisation, Development Plan for the Guangdong-Hong
Democratic Alliance for the Betterment and Progress Kong-Macao Greater Bay Area25, Shenzhen and
of Hong Kong Website, https://www.dab. org.hk/ Hong Kong have sped up the implementation of
post/%E5%91%A8%E6%B5%A9%E9%E7%99%BC%E8% policies for the mutual recognition of talent, such
A1%A8%E3%80%8C%E9%A6%99%E6%B8%AF%E5%B7 as the release of the List of Recognized Overseas
%A5%E6%A5%AD4-0-%E5%86%8D%E5%B7%A5%E6%A
5%AD%E5%8C%96%E5%95%9F%E5%8B%95%E5%BB% html#tab_b_1; æ¾³é??¹å?è¡???ºæ?åº??ç½??
BA%E8%AD%B0%E6%9B%B8%E3%80%8D, 13 July 2021 https://bo.io.gov.mo/bo/i/2023/22/lei07_cn.asp; å®?°¸???
19 Hong Kong in Figures 2021-2023, Census and 22 ???äº?´¯å½»è?å®????????æµ·æ·±æ¸??代æ??¡ä?
Statistics Department of the Government of the HK- ????ºå??¢æ·±????©å??¾æ?è§??å®???¹æ????æ·±å??¿å?
SAR, https://www.censtatd.gov.hk/sc/EIndexbySubject. ç½??http://www.sz.gov.cn/gkmlpt/con-tent/10/10703/
html?scode=460&pcode=B1010006 post_10703647.html#20044, 2023å¹?7??10??
20 AIGC Talent and Job Search Insights Q1 2023, 23 http://www.news.cn/politics/2023-
lagou.com; AIGC Talent Trend Report 2023, maimai.cn; 07/01/c_1129726831.htm
AIGC Talent Trend Insights 2023, liepin.com; EY Analy- 24 http://www.sznews.com/news/content/
sis mb/2023-05/04/content_30210684.htm
21 geographical_label_string=%E7%9C%81%E7%B 25 Outline Development Plan for the Guangdong-
A%A7&policy_label_string=all&year=all&page=7; 广ä???ºº Hong Kong-Macao Greater Bay Area, www.gov.cn, 18
�?�?�? February 2019
https://sqzc.gd.gov.cn/rdzt/yga/gdzc/index.html; é¦?¸¯?¹å?
?¿å?å®??ï¼??å¢???¡å?ï¼?
https://www.immd.gov.hk/hks/services/index.

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