Hong Kong jumps to 9th place in global talent ranking in 2024

(ECNS) -- The Hong Kong Special Administrative Region has climbed to the 9th place in attracting and fostering talent, the highest since 2016, according to a global study by a Switzerland-based business school.

The International Institute for Management Development’s World Talent Ranking 2024, published on Thursday, showed that Hong Kong’s ranking rose from 16th in 2023 following improvement in three key evaluation indicators, which are investment and development, appeal, and readiness. 

According to the report, Hong Kong’s position rose from six to four in "readiness," from 15 to 13 in "investment and development," and the "appeal" ranking also moved up from 32 to 28.

In a breakdown by indicators subsumed under the factors, Hong Kong topped the ranking in the percentage of sciences graduates, and was among the global top five in the availability of finance skills, effectiveness of management education and remuneration of management.

The latest ranking showed that Hong Kong has done a remarkable job in education and talent admission, said a spokesperson for the HKSAR government.

By the end of August this year, over 360,000 applications were received under various talent admission schemes, with nearly 230,000 applications approved. During the same period, over 150,000 talents arrived in Hong Kong through various talent admission schemes.