Taiwan is ramping up efforts to lure bankers and other skilled workers who want to escape China’s tightening grip on Hong Kong.
Just hours after the financial hub’s controversial new security law came into effect on Tuesday, Taiwan officially opened an office dedicated to making migration easier for Hong Kong residents and companies. It will provide help with everything from capital raising to school enrollment and arranging accommodation.
"We hope to attract capital and professionals from Hong Kong to Taiwan, especially talent in the financial industry,” Mainland Affairs Council Minister Chen Ming-tong said. The government is also conducting a wide-ranging review of regulations that currently inhibit migration, including the income tax rate.