NINE months ago when Abraham Lam, a young Hong Kong entrepreneur, was interviewed by the Shenzhen Daily for the first time, he had just relocated from Hong Kong to Qianhai, aiming to crack the mainland market for his startup projects. Lam enjoyed free-of-charge working spaces, and coaches and investors within his reach. However, Lam and his peers had to either commute between the two cities or rent an apartment that was close to Qianhai, the bridgehead of China’s Belt and Road Initiative.
Now with the preferential policy that allows Hong Kong talents to apply for low-rent apartments in Qianhai, Lam and other Hong Kong professionals who work in the zone can apply for apartments and may save more time and cost, while enjoying better treatment than even the locals.
With faster channels for business registration, a 15-percent tax exemption policy, up-to-2 million-yuan (US$291,600) in corporate subsidies, months of free working spaces for startup teams and low-rent houses, Qianhai has removed almost all of the obstacles for Hong Kong entrepreneurs.