The Dream Factory of China

Source :Shenzhen Daily

As one of the mainland regions that maintains close cooperation with Hong Kong, Qianhai has been making unremitting efforts to deepen the cooperation and more and more Hong Kongers are finding themselves lured to the area.

Last year, the number of Hong Kong-funded enterprises registered in Qianhai increased by 156 percent year-on-year. In the first quarter of this year, there were 118 new Hong Kong-funded enterprises in Qianhai, and the actual use of Hong Kong capital in Qianhai was US$1.27 billion, accounting for 92.97% of the actual use of foreign capital, a year-on-year surge of 148.01%.

To improve the integration of Shenzhen and Hong Kong markets, Qianhai has guaranteed 16 types of Hong Kong professionals, including tax experts, architects and tour guides, authority to work directly in the area after registration.

Cheung Kwok-wo, a tax accountant said: “As the core driving force of the Guangdong-Hong Kong-Macao Greater Bay Area, Qianhai, with its preferential policies, perfect urban construction and living facilities, has brought more opportunities for young Hong Kong people to start businesses, and to work and live in the area.”

Through the monthly talent recruitment plan that Qianhai launched last year to attract Hong Kong and Macao talents, a total of 2,589 job opportunities have been provided exclusively to Hong Kong and Macao talents, and 177 young people have landed a job in Qianhai as of this March.

In addition, a large number of Hong Kong startups have been incubated in entrepreneurial parks such as the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E-hub). As of the first quarter of this year, 578 startup teams have been incubated in the E-hub; almost half of the teams are from Hong Kong, Macao and Taiwan.

Hsui Chi-yin started her own business with her friend last year. She said Qianhai attaches great attention to young entrepreneurial groups and often holds symposiums to address their needs and doubts, which allows them to avoid many obstacles on their way to entrepreneurial success.

All kinds of subsidies and welfare available for talents are a plus for young Hong Kongers who choose to settle in Qianhai. Thus far, Qianhai has allocated 150 million yuan in supportive funds to Hong Kong and Macao talents in nine batches. The talents can also apply for low-rent apartments after signing employment contracts with companies in Qianhai. Qianhai has become an ideal place for Hong Kongers to develop their career on the Chinese mainland.