Bankers Staying in Hong Kong Amid Covid Restrictions Get Rewarded

The video discusses the significant exodus from Hong Kong, leading to a talent shortage in the financial sector. This has resulted in substantial salary increases, with some reaching up to 35%. The issuance of new visas for foreign financial workers has dropped significantly, and the population has decreased. Despite these challenges, there are signs of economic recovery, with banks like HSBC starting to bring back staff. The video explores the implications of these changes for those who have left or are considering leaving Hong Kong.

What is one of the main reasons for the significant pay increases in Hong Kong's financial sector?

• An increase in foreign investments

• A shortage of talent due to an exodus

• A rise in local business taxes

• A decrease in global financial markets

By how much did the issuance of new visas for foreign financial workers decrease last year compared to 2018?

• 10%

• 50%

• 25%

• 75%

What was one of the reasons for the large number of people leaving Hong Kong?

• Increased job opportunities abroad

• Protests and pandemic-related issues

• Higher education opportunities

• Relaxation of COVID restrictions

What potential risk is associated with accepting a 35% pay increase in Hong Kong?

• Higher tax rates

• Guaranteed long-term employment

• Vulnerability due to economic fluctuations

• Increased job security

What indicates a possible recovery in Hong Kong's financial sector?

• Permanent remote work policies

• Closure of major banks

• Return of bank employees to offices

• Decrease in foreign investments