With Hong Kong’s GDP predicted to expand conservatively in 2018 by 2.8%, we expect the strong hiring activity we saw in the third and fourth quarters of 2017 to continue across a range of roles and industries.
In order to cope with regulatory and technological changes in various industries, interim and contract roles will continue to increase in popularity as employers across industries look to hire people capable of managing significant change management projects.
The war for technology talent will continue across industries, potentially leading to more hiring of overseas talent into Hong Kong, and the Hong Kong Government’s increased focus on cyber security regulations should have a strong impact on the IT job market.
Mainland Chinese companies will continue to invest and set up in Hong Kong, giving them a platform from which to invest overseas. Chinese banks are also now playing a more dominant role in the Hong Kong IPO market and this trend will surely continue apace in 2018. We expect Hong based securities firms to continue hiring talent with strong client networks in the mainland.
Sources:
https://www.imf.org
http://www.scmp.com
