Eligibility Criteria

Employers regulated by prescribed statutory bodies are eligible for YOUTH.

Regulators Eligible employers
Authorised by the Hong Kong Monetary Authority Licensed banks, restricted licence banks, deposit-taking companies, and stored value facility (SVF) licensees
Licensed by the Securities and Futures Commission Firms with non-temporary non-provisional licence and carrying out any of Type 1 to Type 10 regulated activities under the Securities and Futures Ordinance
Authorised by the Insurance Authority Insurers and insurance intermediaries (including insurance agencies and insurance broker companies; not including individuals)
Approved by the Mandatory Provident Fund Schemes Authority Trustees
Registered with the Hong Kong Institute of Certified Public Accountants CPA firms and corporate practices (not individual practising certificate holders practising in their own names) 
  Trust companies registered under Section 78(1) of the Trustee Ordinance (Cap. 29) and Companies Registry

Number of subsidised new hires

At the time of application, the new hire must have already commenced employment. Applications are processed on a first-come, first-served basis. Each eligible employer may apply for subsidy for up to two eligible new hires.

Requirements for new hires

  • Must be a Hong Kong permanent resident
  • Must be a university graduate who obtained a bachelor's degree or above in 2019 to 2021
  • Intended to be employed for at least 12 months
  • Must work for at least 30 hours per week
  • Must not have been employed by the same applicant company or its affiliate within the past 12 months (except for part-time, intern or short-term contact staff)
  • Be a net increase in the applicant company’s number of full-time employees against the reference date chosen

For more details, please read “Position and employee” section under FAQs.

Responsibilities of applicant companies

By making an application for YOUTH, the eligible employer undertakes:

  • to monitor for and report promptly any circumstance which has affected or will affect its eligibility or the amount of subsidy it may receive;
  • to ensure that all the subsidy will be applied to pay for the salary of the new hire; and
  • not to apply to more than one job-creation or job support scheme financed by public funds for the same new hire for the same period.

For more details, please read “Application procedures” section under FAQs.

Contact Us

ENQUIRY (YOUTH) YOUTH@fsdc.org.hk 
HOTLINE (YOUTH) +852 3612 9936