Success in the knowledge-based economy of the 21st century depends heavily upon the availability of talent and skilled manpower at all levels.

    Higher-level education and training are provided by the tertiary education institutions. The Vocational Training Council (VTC) provides technical education and industrial training. In addition, it administers the New Technology Training Scheme which provides financial assistance to employers for training their staff in new technologies and those technologies that are not yet widely applied locally but the application of which will significantly benefit Hong Kong. The Clothing Industry Training Authority (CITA) runs two training centres for the clothing and footwear industries. The Trade and Industry Department is represented on the VTC and the CITA whereas the ITC is represented on the VTC committees concerned with the New Technology Training Scheme.

    The implementation of the Admission of Talents Scheme is aimed at attracting talented persons with expertise not readily available locally and who are able to contribute to the competitiveness of Hong Kong, particularly in knowledge-intensive and high value-added activities. The Government also implements the Admission of Mainland Professionals Scheme. This scheme allows companies in the information technology and financial services sectors to employ Mainland professionals who can contribute to their businesses and, in turn, the economic development of Hong Kong.