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Hong Kong to 'trawl world for talent' in reboot attempt

Aug 2nd 2025, 2:50 am
Posted by kinacantar
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SHANGHAI, Sept 6 (Reuters) - China will set price ranges for after-school tutoring classes and will probe institutions' costs like teacher salaries, the state planner said on Monday, after the country barred for-profit tutoring in any school subject earlier this year.

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The NDRC also said localities should look into the costs of these tutoring institutions and ensure the salaries of their tutors are not significantly higher than those of teachers at the local public schools.

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- To allow eligible incoming talent to apply for a refund of the extra stamp duty paid for purchasing residential property. - Regular teachers in all public sector schools are required to pass the Basic Law and the National Security Law tests.

- To safeguard independence of the judiciary, and "enhance the confidence of the public and the international community" in city's rule of law. - To set aside HK$30 billion to establish the Co-Investment Fund for "attracting enterprises to set up operations in Hong Kong" and investing in their business through a co-investment model.
- Attract by 2027 at least 100 innovation and technology enterprises "of high potential" to set up operations or expand their presence in Hong Kong, including at least 20 "top-notch" firms. - To promote national education in schools from kindergartens to primary and secondary schools, to raise awareness to safeguard the national security.

- To introduce a bill to exempt the stamp duty payable for transactions conducted by dual-counter market makers. - A two year, no strings attached visa will be granted to individuals earning salaries of HK$2.5 million ($318,475) or more during the past year, and to graduates from the world's top 100 universities with at least three years of work experience.

INTERNATIONAL FINANCIAL CENTRE - The Hong Kong Exchanges and Clearing (HKEX) will revise the Main Board Listing Rules to facilitate fundraising of technology enterprises that have yet to meet profit and trading record requirements.
- HKEX plans to revitalise the Growth Enterprise Market to provide start-ups with a fundraising platform. HOUSING - Encourage developers to participate in subsidised housing development and to apply for re-zoning of their own private land for development.



- The government will bolster "Rule of Law Education" to promote "consistent and correct messages on the rule of law in the community." OVERSEAS TALENT, ENTERPRISES - "The government will proactively trawl the world for talents", after around 140,000 of its workers left the city in the past two years.

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