29 April 2019
Qianhai to Offer Start-up Backing and Internships to Young Hong Kong / Macao Residents
Young entrepreneurs from Hong Kong and Macao looking to work or intern in the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone are set to benefit from a series of recently announced incentives and preferential measures. In total, 36 such measures have been adopted by the Zone’s administration Authority, all of which are open to any Hong Kong / Macao residents aged between 18-45 who are interested in working, interning or launching a new business within the precincts of Qianhai.
Among the key incentives outlined in the Zone’s recently recently-published policy document –Several Measures for Supporting the Development of Young People from Hong Kong and Macao in Qianhai – are the following:
Qianhai-based businesses providing internships to duly-eligible Hong Kong / Macao residents will be entitled to an official subsidy, with the exact amount determined by the duration of said internship. The target is to provide 1,000 internships on an ongoing annual basis.
Viable start-up proposals submitted by eligible Hong Kong / Macao residents that are deemed to align with Qianhai’s development priorities will be provided with funding. The exact sum will be determined by an assessment of each individual project’s potential and requirements.
The above measures came into effect as of 1 March this year and will remain in force for a period of three years.
For further details (in Chinese), please access the following link:
Circular of Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone on the Issuance of Several Measures for Supporting the Development of Young People from Hong Kong and Macao in Qianhai (Shen Qian Hai Gui No. 4 )