Market Intelligence Reports

Global Market Report Q4 2023

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ManpowerGroup: Global QMR Q4 2023 | 90 Employed and Unemployed Population over Time Hiring Demand Trend Hiring Demand Trend by Selected Industry Artificial Intelligence ManpowerGroup: Global QMR Q4 2023 | 90 Source: Hong Kong Innovation Statistics https://www.censtatd.gov.hk/en/wbr.html?ecode=B11100102022AN22&scode=580#section_5 Hong Kong 3, 49 3, 93 3, 0 3, 20 Employed Population in Thousands 2 4 . % .3% . % . % 4. % 3. % .0% 4. % 4.2% 3.3% 3. % 3.0% 3.0% 4 2 3 4 2 3 4 2 3 4 2020 202 2022 2023 Unemployed Workers in Thousands and Unemployment Rate ▪ The 'Guidance on the Ethical Development and Use of Artificial Intelligence', ' Ethical Artificial Intelligence Framework' and internal guidelines for the government agencies are non-binding but the main legislation for AI in Hong Kong. Sector guidance has also been issued. ▪ Within the 'Guidance on the Ethical Development and Use of Artificial Intelligence', AI job recruitment is considered a high-risk activity and should only be used with human oversight. ▪ The Hong Kong Government is creating a Digital Policy Office. https://www.mondaq.com/hongkong/technology/1268668/artificial-intelligence-comparative-guide ▪ In 2022, ong Kong's Gross Domestic Expenditure on Research and Development was HK$30,138 million which represented 1.07% of Gross Domestic Product. Statistics on Innovation Activities $0 $15,000 $30,000 $45,000 2020 2021 2022 Business Sector Government Sector External Parties Higher Education ▪ In 2022, there was a year on year 8% increase in the amount of funding for Research and Development. ▪ 54% of R&D investment is from the Government with 40% from Local Business, 6.5% from Parties outside of Hong Kong and 0.1% from the Higher Education Sector. Gross Domestic Expenditure on R&D by Source of Funds Millions of Hong Kong Dollars https://www.censtatd.gov.hk/en/scode200.html TalentNeuron

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