Hong Kong Graduates Face Toughest Job Market In Five Years Hong Kong’s graduate job market reached its weakest level in five years in 2025, as hiring dropped sharply and wages showed almost no growth, according to SCMP . University data revealed that job openings fell by 55 per cent from the previous year, declining to just over 30,000 positions, even lower than during the pandemic period. This ma...
Hong Kong Graduates Face Toughest Job Market In Five Years Hong Kong’s graduate job market reached its weakest level in five years in 2025, as hiring dropped sharply and wages showed almost no growth, according to SCMP . University data revealed that job openings fell by 55 per cent from the previous year, declining to just over 30,000 positions, even lower than during the pandemic period. This marked a major shift from earlier years, when more than 80,000 graduate jobs were available annually. The steady decline since 2023 suggests that opportunities for young people have been shrinking for some time, rather than collapsing suddenly. At the same time, salary growth has slowed to a near standstill. The average monthly pay for new graduates rose by only 0.5 per cent to HK$20,961, the smallest increase in recent years. This was a sharp contrast to the stronger wage growth seen between 2022 and 2024. Management trainee positions, which are often viewed as a gateway to leadership roles, were also badly affected. Their numbers fell to the lowest level in five years, and average pay in this category even declined slightly. These trends have had a direct impact on youth unemployment. The jobless rate among people aged 20 to 24 climbed to 12.3 per cent, one of the highest levels recorded in decades. More than 17,000 young people were without work during the final months of 2025. For many graduates, this means longer job searches, repeated rejections, and growing uncertainty about their future. SCMP writes that frustration and anxiety have become common among jobseekers, especially on social media platforms. One graduate wrote, “I am also a graduate from a professional discipline and have been looking for a job since May, but I still have no offer.” Another shared her emotional struggle, saying, “Being unable to secure a job makes me feel very nervous, and my emotions have become difficult to control. When will I get a suitable job?” Some users also complained that available...
President Trump and President Xi Jinping discussed trade and geopolitical flashpoints during a Wednesday call ahead of their planned face-to-face meeting. Bloomberg’s Minmin Low reports on the state of the US-China relationship. (Source: Bloomberg)
President Trump and President Xi Jinping discussed trade and geopolitical flashpoints during a Wednesday call ahead of their planned face-to-face meeting. Bloomberg’s Minmin Low reports on the state of the US-China relationship. (Source: Bloomberg)
A mugshot of Jeffrey Epstein released by the U.S. Justice Department. Source: U.S. Justice Department Brad Karp , chairman of the major corporate law firm Paul Weiss , resigned on Wednesday after fallout over emails between him and notorious sex offender Jeffrey Epstein were made public. "Leading Paul, Weiss for the past 18 years has been the honor of my professional life," Karp said in a statemen...
A mugshot of Jeffrey Epstein released by the U.S. Justice Department. Source: U.S. Justice Department Brad Karp , chairman of the major corporate law firm Paul Weiss , resigned on Wednesday after fallout over emails between him and notorious sex offender Jeffrey Epstein were made public. "Leading Paul, Weiss for the past 18 years has been the honor of my professional life," Karp said in a statement . "Recent reporting has created a distraction and has placed a focus on me that is not in the best interests of the firm." Read more CNBC politics coverage Trump admin to withdraw 700 federal officers from Minnesota: Homan Fed pick: Tillis doubles down on Warsh blockade over Fed independence Trump: If states can't run elections 'honestly,' then 'somebody else should take over' Trump signs bill ending federal government shutdown Scott Barshay, who had been chair of Paul Weiss' corporate department, was appointed chairman of the firm, effective immediately, according to the firm. Karp had been at Paul Weiss for more than four decades. His resignation comes two days after the firm said "Mr. Karp attended two group dinners in New York City and had a small number of social interactions by email" with Epstein, all of which he regrets." The emails were among millions of documents related to Epstein that were released last week by the Department of Justice. Bloomberg reported that one email from Karp asked Epstein for help securing a job for Karp's son on a Woody Allen movie. Paul Weiss, in response to that Bloomberg article, had said, "Paul Weiss was retained by Leon Black, then the CEO of the firm's longtime client Apollo, to negotiate a series of fee disputes with Jeffrey Epstein that spanned several years." "The firm was adverse to Epstein, and at no point did Paul Weiss or Brad Karp ever represent him," the firm said. The firm's new chairman, Barshay, in a statement on Wednesday, said Karp made "immense contributions" during his tenure. "As Chairman of the firm, he transform...
Taiwan-based Silicon Motion's US-listed shares surged after the company reported better-than-expected first quarter revenue forecast. Its CFO Jason Tsai says the company is expecting a further boost from scaling new projects this year, despite being affected by rising costs of components and memory. (Source: Bloomberg)
Taiwan-based Silicon Motion's US-listed shares surged after the company reported better-than-expected first quarter revenue forecast. Its CFO Jason Tsai says the company is expecting a further boost from scaling new projects this year, despite being affected by rising costs of components and memory. (Source: Bloomberg)
The Hong Kong University of Science and Technology (HKUST) and Intel Corporation (Intel) announced the establishment of the HKUST-Intel Joint Laboratory (Joint Lab). At the heart of the project is a three-year research program that will explore high-efficiency near-memory computing (NMC) architectures for addressing challenges in the performance and energy efficiency of artificial intelligence (AI...
The Hong Kong University of Science and Technology (HKUST) and Intel Corporation (Intel) announced the establishment of the HKUST-Intel Joint Laboratory (Joint Lab). At the heart of the project is a three-year research program that will explore high-efficiency near-memory computing (NMC) architectures for addressing challenges in the performance and energy efficiency of artificial intelligence (AI) applications. Through innovations in software-hardware co-design, the collaboration aims to provide key insights into the future development of intelligent devices and sustainable AI systems. The signatories were Prof. Tim Kwan-Ting CHENG, Vice-President for Research and Development of HKUST, and Mr. SONG Jiqiang, Director of Intel Labs China. Prof. GUO Yike, Provost of HKUST; Mr. WANG Zhicong, Chairman of Intel China, and Ms. Gabriela Cruz THOMPSON, Senior Director of University Research and Collaboration, Intel witnessed the agreement. Prof. Cheng stated, "The establishment of the Joint Lab is a significant initiative, one that aligns with HKUST's 'Strategic Plan 2031', which identifies 'AI, Future Computing, and Electronics' as a core research pillar. It reflects HKUST's continued commitment to translating research outcomes into practical applications. As a key research focus at HKUST, microelectronics will leverage our combined strengths in software-hardware co-design and high-efficiency near-memory computing to jointly explore new pathways for high-efficiency intelligent computing." Mr. Wang said, "Intel has long been committed to fostering an open ecosystem, continuously advancing collaboration with academia to accelerate the industrial application of research outcomes. HKUST possesses deep expertise and significant influence in the exploration of future technologies within computer science and engineering. We look forward to working closely with HKUST scholars to jointly explore more efficient and sustainable computing paradigms, advancing green technology innovati...