Surge of Chinese businesses
in Hong Kong set out to draw candidates
As more Chinese domestic companies aim to extend their regional foot print, Hong Kong is the first go-to location outside of China.
88%
of Chinese companies find Hong Kong attractive as a location for business expansion
41%
of Chinese companies intend to enter within the next 5 years
1
Hong Kong’s position as a gateway to international markets
2
Its proximity to
Mainland China
3
The culture and
work ethic
2in3
Chinese companies are willing to offer 11-20% above market rate to secure a good candidate
7in10
Hong Kong candidates were satisfied with their salary package in Chinese companies
50%
of candidates were offered a promotion in job title
70%
were offered an
increase in salary
20%
Opportunity to work on new projects
18%
Higher salary/bonus
14%
Gaining foothold into different sectors/industries
44%
of companies struggle with employee retention
72%
Cultural fit
67%
Mismatched salary expectations
56%
Offered better position / employment terms elsewhere
HONG KONG VS CHINA
94%
Unsuitable
cultural fit
67%
Lack of candidate sourcing channels
50%
Mismatched salary expectations
82%
felt that their leadership team made efforts to adopt an international working style
24%
Management style
& direction
17%
Cultural fit
13%
Expectations of
the role / responsibilities
63%
considered that the management style could improve further
68%
hope for more transparency in communication and strategy
69%
of candidates considered their working experience positive
72%
of Hong Kong candidates are concerned about the stability and longevity of Chinese companies
However
44%
of the Chinese companies have been operating in Hong Kong for more than
10 YEARS
