Now that all cities in the Greater Bay are able to offer the same tax-equalization subsidies for talents from Hong Kong and Macau, what are they left to compete with? Guangzhou’s Nansha District, the special zone on its southernmost tip, has no fewer than 66 goodies in its bag for youth from the two SARs. These include subsidies for housing, which most, if not all, other GBA cities have. But they go significantly further, covering costs for transportation, communication, company setup, funding, and a whole lot more.
The new policies are currently undergoing “consulting” and will be officially launched in August.
The big push is focused on filling up Nansha’s “Innovation Valley”, which is its incubation and acceleration base for youths from the two SARs. The park can hold 200 start-up teams in its 20,000-sqm premises, and it is currently at 135. In addition to an “Entrepreneurship Academy”, the government provides legal, accounting, and tax consulting services, while local companies have thousands of internships open for graduates seeking to get their careers started.
These internships will not be the end of the line, either: the government is currently planning to offer designated job opportunities in large enterprises offering a starting annual salary of RMB250,000. And for those who would prefer to do post-graduate study, Nansha will offer special programs in mainland universities.
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