The Hong Kong Court of Final Appeal ruled to grant dependant visas to spouses of gay expatriate workers who have registered their same-sex marriage in foreign countries. The decision has no bearing on the status of local same-sex couples, however, it does significantly change the game in Asia, especially in the global talent hunt. This ruling not just strengthens the Hong Kong’s ability to attract global talent, but also keeps the competitive edge over its rivals.

According to the Global Financial Centres Index March 2018, Hong Kong ranks as the world’s No.3 financial center, followed by Singapore and then Tokyo. While Japan and Singapore don’t grant same-sex spousal visas, the ruling helps set Hong Kong apart from its major competitors.