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Budget Speech

Human Resources

103.    People are the most important asset for Hong Kong.  The future of our city hinges upon the quality of people.  For generations, Hong Kong people have strived to raise themselves up the social ladder through hard work and self-improvement.  Government has been devoting substantial resources to improving the quality of manpower to further diversify the economy and steer the development towards high value-added activities.

104.    With specialisation and division of labour in different sectors in modern society, there is growing demand for talent with specific expertise and skills.  Young people are offered different options to pursue promising careers.  Government has been working closely with different sectors to provide professional training for various trades and industries including construction, retail, clock and watch, printing, health care, and testing and certification.  The active engagement of trades and industries, which effectively enhances their professional image and provides clear career pathways, is crucial in attracting new entrants.

105.    Skills mismatch in the labour market is becoming more evident in recent years.  Chronic manpower shortage and recruitment difficulties in individual sectors will hamper the sustainable and diversified economic development.  While according priority to locals in employment, we should seriously consider importing manpower in an appropriate, limited and targeted manner to inject new impetus into the labour market.



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