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Guangzhou’s Nansha offers subsidies to Hong Kong, Macao youth
Update: 2022-07-05     Source: Newsgd.com

Guangzhou's Nansha District Government released ten new measures to support young people from Hong Kong and Macao to start their career in the district last week. The amount of subsidies provided by these measures are among the largest nationwide, according to the Nansha government.

(Photo provided to Newsgd.com)

Based on the new measures, the individuals from Hong Kong and Macao who are employed in the Nansha district will be eligible to receive a subsidy up to 515 thousand RMB within three years while companies started by young entrepreneurs from Hong Kong and Macao will be eligible for a maximum 4.5 million RMB bonus and subsidies within three years.

As for individuals, the new measures cover a wide range of aspects including employment, work ability, housing, and medical care. As for entrepreneurship project, the measures provide support in terms of enterprise settlement, office renting, financing, and incubator operation.

China's State Council released an overall plan to promote comprehensive cooperation between Guangdong, Hong Kong and Macao and further deepening opening-up in Nansha on June 14. According to the plan, Nansha will accelerate the construction of a youth entrepreneurship and employment cooperation platform between Guangdong, Hong Kong and Macao.

"Nansha has established 11 entrepreneurship bases for young people from Hong Kong and Macao, which attracted more than 300 startup teams to settle in. About 3 thousand enterprises funded by Hong Kong or Macao investors have been established in Nansha, with a total investment of 117 billion USD," said Xie Wei, Deputy Party Secretary of the Nansha Development Zone Party Working Committee.

He added that Nansha will provide at least 1 thousand internship positions each year for youths from Hong Kong and Macao, with internship subsidies of at least 2 million RMB.

(Photo: Yu Chengfeng)

"The internship opportunities could give young people of Hong Kong and Macao a chance to know more about Guangdong before they make the decision to start their career. I believe the internship will be helpful to promote youths from Hong Kong and Macao to work in Guangdong," said Yu Chengfeng, who is from Hong Kong, and currently working at Jinan University in Guangzhou. He suggested the available internship positions could be introduced in universities as well.

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