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More residents of Hong Kong choose to work in Shanghai
( 2003-09-15 16:53) (Agencies)

A growing number of people from Hong Kong are choosing to work in China's financial and economic center of Shanghai.

The latest figures from Shanghai Municipal Bureau of Labor and Social Security show that 3,432 people from Hong Kong applied for work permits to date, including 643 in the first six months of this year.

Last year, 964 Hong Kong residents applied for work permits, up from 562 in 2001.
The figures show 87 percent of the Hong Kong workers have academic diplomas at or above bachelor degree-level and most work in overseas-financed businesses, including social services, manufacturing, real estate, banking and insurance.

Mr. Zheng, from Hong Kong, who has been working as a department chief with the Shanghai office of an international pharmaceutical company, said: "No other city fascinates me like Shanghai where the work is full of challenges and opportunities with the presence of so many multinationals."

 
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