The ELA is proud to welcome our newest member firm: LOGOS  in Iceland!
The ELA is proud to welcome our newest member firm: LOGOS  in Iceland!


Budget 2021 – Employment Aspect

Submitted by Firm:
Firm Contacts:
Cynthia Chung
Article Type:
Legal Update

The Government is fully aware of the hardships brought about by COVID-19. This year’s Budget therefore focuses on stabilizing the economy and relieving people’s burden, and to create benefits for people in HK. In addition to allocating funding for the retraining of the unemployed, the Government plans to expand the scope of the Continuing Education Fund to include online courses. Employers may wish to encourage their employees to regularly check out the courses made available under the Continuing Education Fund, so that their employees will have the opportunity to continue to develop professionally in such unprecedented times. Going forward, the Government acknowledges that Hong Kong must continue to strengthen our leading position in the global financial market by developing our potential in areas including financial services, innovation and technology. The Financial Secretary will allocate additional resources to promote the development of cultural and creative industries. To encourage more employment and business start-up opportunities. The Government will continue to help Hong Kong’s businesses to grasp the opportunities arising from GBA development through various schemes. It will be interesting to see how the Government would facilitate employment in the GBA. In the meantime, Employers may want to start considering the feasibility of seconding their employees from HK to the rest of the GBA and vice versa. Issues such as implementing dual employment contracts, related employment benefits, and tax issues will need to be considered.  Please click here to watch the video.