Thanks to its favorable business environment, Guangzhou has become a hub for innovation and entrepreneurship, attracting young people from across the country, particularly from Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
Here, the innovation environment is vibrant, while the industrial structure is complete and well-established, Chen Xiang, a young man from Macao, elaborated on why he chose Guangzhou's Huangpu district as the place to start his business in 2020. Now, his digital tech business is thriving, with an ever-growing team.
Chen is one of the many young people who have pursued and realized their business dream in the city.
Up until now, Guangzhou has established more than 50 innovation and entrepreneurship bases for Hong Kong and Macao youth, according to official statistics.
These bases usually host entrepreneurship academies, creative workshops, apartments, and canteens for young talent.
Zheng Xinwen, a young man from Hong Kong, is one of beneficiaries from such bases. Seizing the opportunities provided by the industrial transformation and upgrading in the Pearl River Delta region, he launched his consulting business in the GBA (Guangdong) Innovation and Entrepreneurship Incubation Base in Guangzhou's Tianhe district.
The base offers convenient services for young entrepreneurs, including preferential policies, entrepreneurial exchanges, and investment and financing matchmaking, said Zheng, adding that there are also a lot of outstanding peer entrepreneurs, which further motivates him to chase his dreams.
In recent years, Guangzhou has rolled out a series of measures to provide a one-stop service for those who want to start businesses, innovate, work and live in the city.
These measures provide many resources and opportunities, said Wang Fuyuan, a young entrepreneur from Hong Kong, adding that he is more determined than ever to take root in Guangzhou. He was deeply impressed by the city's policy support for young talent, citing a string of support he received, ranging from company registration, high-tech enterprise accreditation to youth talent apartment application.