First of all, this is NOT a "law".
The policy statement made by Donald Tsang states...
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91. While engaged in nurturing local talent, we will actively seek to enhance the value of our education. We have traditionally deployed our first-class education resources to nurture talent for the entire Asia-Pacific region and to attract high quality students to study in Hong Kong. In future, we will be more proactive in attracting talent from the Mainland and overseas to come and settle here. In this connection, we have sought the views of various sectors and taken reference from overseas experience. We are considering introducing a new admission scheme in 2006. Under this scheme, a certain number of talented people from the Mainland and overseas who meet specific eligibility criteria will be allowed to stay in Hong Kong for a certain period of time, without the requirement of securing an offer of local employment beforehand. During their stay, they can decide whether they want to develop their career in Hong Kong on a long-term basis. We strongly believe that a larger pool of talent will increase our competitiveness, make Hong Kong more prosperous, attract more capital and create more jobs. This new blood will turn Hong Kong into an even more vibrant society.
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1) Understand that this is a proposal amongst many.
2) It has to be approved, implemented and the devil is in the details.
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We are considering introducing a new admission scheme in 2006.
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Under this scheme, a certain number of talented people from the Mainland and overseas who meet specific eligibility criteria will be allowed to stay in Hong Kong for a certain period of time, without the requirement of securing an offer of local employment beforehand.
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From what our experts have told us, this is basically geared towards attracting more mainland (and other) immigrants who, if they have certain qualifications in some areas (not yet determined) will be granted some sort of visa which will allow them to stay in HK for a short period of time and look for jobs.
It does not imply that a) you'll get a job, b) you'll be allowed to stay for ever, c) anyone will be eligble.
Don't get your hopes too high.
The qualifications will be either post graduate or doctoral in nature and geared towards areas where the local universities do not churn out enough candidates.
