Boosted by the rapid expansion of Chinese firms as well as multinationals, 35 percent of hiring managers are eying an increase in headcount this year in Hong Kong, a release from recruitment agency Michael Page showed Tuesday.
According to a research by Michael Page, the largest levels of hiring in 2017 could come from China-based multinational corporations and financial services firms.
Large Chinese banks, asset management and insurance firms will continue to drive much of the growth in Hong Kong's financial services sector, said Sharmini Wainwright, managing director of Michael Page and Page Personal, Hong Kong.
"These organizations are recruiting aggressively to gain traction in Hong Kong by offering candidates highly attractive compensation packages, including raising bonus or titles," she said.
Chinese firms have been growing their footprint in the Hong Kong Special Administrative Region while in comparison, multinational firms here are actually contracting in size, according to the release.
"While Hong Kong professionals have traditionally expressed a preference to work for foreign or local companies, we have observed a recent shift in mentality," Sharmini said.
During the research, about 600 employers across a range of industries in Hong Kong were surveyed.
