Hong Kong chief executive announces .8 billion investment to attract global talent

Hong Kong’s Chief Executive John Lee unveiled a $3.8 billion fund and new ultra-liberal visa rules to attract global talent to the city. CBS News senior foreign correspondent Elizabeth Palmer joined Vladimir Duthiers and Anne-Marie Green to discuss Lee’s first policy address and the rising tensions between North and South Korea.

The kremlin is politically and anne-marie and vlad. >>> john lee today unveiled a and new ultraliberal visa it’s an attempt to reverse the attack on highly skilled people who have left because of the coronavirus pandemic. going to join us about today’s i think for the past, handful there’s been such an intense crackdown on liberal voices, >> and everybody

I know who lived in hong kong, who was there, wooing for international companies, international media organizations, have subsequently left hong kong to go to other places. sing pole and seoul, among >> can we talk a little bit about what drove many of these very talented people,a way from >> as you mentioned, some of them left because china has been exerting

Increasingly authoritarian control. it has snuffed out freedom of speech, freedom of assembly. but the vast majority of them left because the covid restrictions were just so at one stage, anybody coming to hong kong had to go to a hotel, after three weeks for things have lightened up since but everybody is masked. and hong kong is gone for this chinese style social control.

Where you can’t get in and out that shows you’re covid free. which means you have to take and the other rule is that people coming into hong kong, these days, for three days, can that meant that, for example, when we came here to be eating, you know, takeout food in the so we got our clean, covid bill now, international, people, highly-skilled, well paid, that have to come

And go, they’re just not going to put up with >> you go ahead. >> i was going to say, this package of incentives announced and will that be enough to lure because it may not bring entire but certainly, people, individuals might be willing to go and live there, work there. >> we’ll see. one of the things that may be attractive to some young people from

Top universities, they’re going to be offereda two-year open visa just to come and look for a job. so they won’t have to have one they can take a look. and salaries, obviously, will because there’s a real competition for labor. but on the other hand, if the stock market is any indication, it went down, after john lee’s so the money people were not i talked to one —

The manager — or rather will, the head of a sort of a group of investment and she said that their members, 30% of their members have already moved jobs so to some extent, there’s not the kind of work here that and there are good alternatives companies are moving to singapore, for sure. vietnam, australia. there are alternatives. >> so we’ve got this to try and

But what about the covid rules that you just brought up? i mean, is there any sign that they will be less restrictive in the near future? >> well, there wasn’t any sign everybody was listening for it, you have to wear a mask here. and really wear it. if you have it sort of just under your nose for example. and some people have had they don’t believe there is

Any public health reason for it. they think it’s political. but mr. lee gave no hint that they would be lifted. he is clearly trying to be in the spirit of the chinese zero- and as we know, xi jinping the other day said he wasn’t going to let up on his zero covid so on that front, it looks >> let’s turn now, liz, to the the north and the south koreans have been

Engaged in military exercises, very close to the are people worried in south they’re so used to it. even though there’s been a huge increase in tensions in the last few weeks on the korean everybody assumes that this is, to some extent, posture and to some extent, it is, at the moment, south korea and the u.s. are conducting military drills in the north of the country,

Near the border, near- and north korea has chosen to see those as a provocation. and so it fired 200 big artillery barrages, offshore but it landed in the water that is really the buffer zone. i mean, that’s too close for comfort, when you’re talking about this kind of technology. and of course, the more dangerous projectiles are, flying around out there, with tensions

This high, the greater the chance of an accident. and that could lead very fast into serious confrontation, which would be dangerous and will potentially really >> not just north and south

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Hong Kong chief executive announces $3.8 billion investment to attract global talent By CBS News