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Hong Kong is putting more resources into nurturing local talent in fintech and health care to address the brain drain in these fields and the imbalance in the city’s economic development.
Financial Secretary Paul Chan Mo-po pledged in his budget speech on Wednesday to create better job opportunities for young people and to diversify the city’s economy.
“Amid the adversities, many issues have emerged, such as the imbalance in economic development and inadequate opportunities for young people to give full play to their strengths, as well as the distribution of economic gains, which have scope for improvement,” Chan said.
