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    Greater Bay Area Development

    Greater Bay Area Development | Policy Research Series

    06/20/2024 - 11:00

    2024-06-20

    Opportunities and Challenges for Hong Kong Youths on their Entrepreneurial Journey in Guangzhou

    [Executive Summary (Read Flipbook)- Traditional Chinese]
    [Presentation Slides (Read Flipbook)- Traditional Chinese]
     

    [Executive Summary (Download PDF)- Traditional Chinese]
    [Presentation Slides (Download PDF)- Traditional Chinese]
     

    Hong Kong Coalition and Our Hong Kong Foundation jointly released a report titled Opportunities and Challenges for Hong Kong Youths on their Entrepreneurial Journey in Guangzhou.

    Youths are the future pillars of our country. In driving the Greater Bay Area’s development, it is essential to assist young people in overcoming hurdles in education, employment, entrepreneurship, and home ownership. Of which, entrepreneurship is a key engine driving Hong Kong’s integration into the overall development of our country, in addition to its role in creating employment opportunities, promoting economic growth and innovation. In 2019, the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area" (the "Outline Plan") clearly stated that it would support young people and micro, small and medium enterprises from Hong Kong and Macao to realise their development potential on the Mainland, extend local entrepreneurship subsidies and support to cover eligible entrepreneurs, and proactively take forward the development of youth entrepreneurship and employment bases for Hong Kong and Macao.

    Amid the government’s efforts in launching numerous policies and measures to encourage Hong Kong youths to start businesses in Mainland cities of the Greater Bay Area, Hong Kong Coalition’s Guangzhou team has identified areas for improvement regarding the support offered towards Hong Kong entrepreneurs in Guangzhou through conducting field research and engaging in in-depth discussions with relevant stakeholders. This study lists out the three key challenges faced by Hong Kong entrepreneurs, including:

    • The gap between the capabilities and cognition of entrepreneurial youths and their actual needs;
    • The difficulties faced by entrepreneurial youths in gathering entrepreneurial-related information;
    • The homogeneous development of entrepreneurial bases


    In response to these challenges, this report proposes a total of seven policy recommendations to the Hong Kong SAR Government and the Guangzhou Municipal Government to assist Hong Kong youth entrepreneurs to develop further in Guangzhou.


    2022-08-11

    Facilitating Greater Bay Area Talent Flow and Development Opportunities for Hong Kong Citizens

    [Full Report] 
    [ (Read Flipbook) - English] 
    [ (Read Flipbook) - Traditional Chinese] 
    [ (Read Flipbook) - Simplified Chinese] 

    [Presentation Slides] 
    [ (Read Flipbook) - English] 
    ( Read Flipbook) - Traditional Chinese] 
    [ (Read Flipbook) - Simplified Chinese] 

    [Full Report]
    [ (Download PDF) - English] 
    [ (Download PDF) - Traditional Chinese] 
    [ (Download PDF) - Simplified Chinese] 

    [Presentation Slides]
    [ (Download PDF) - English] 
    [ (Download PDF) - Traditional Chinese] 
    [ (Download PDF) - Simplified Chinese] 

    Our Hong Kong Foundation released its latest report on talent flow in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). The report points out that the flow of talents is an important part in the development of the GBA's synergistic development. The research team conducted three surveys to analyze cross-border working and living issues and Hong Kong citizens' perception of cross-border talents. The team found that Hong Kong citizens generally understood the need for talent mobility in the GBA. Moreover, Hong Kong residents living in the GBA rated their own socio-economic status higher after moving to the Mainland, which shows that the GBA can provide alternative path for Hong Kong citizens’ upward mobility.

    However, the surveys also discovered numerous challenges. The report proposes the following policy directions to promote the interconnection and interchange of talents in the GBA.

    Facilitating Greater Bay Area Talent Flow and Development Opportunities for Hong Kong Citizens

    The surveys showed that Hong Kong's ability to attract and retain talents needs to be improved. Therefore, the report recommends that the Hong Kong government should review its immigration policies and improve the living conditions for foreign talents through measures such as talent housing schemes, to attract more talents to come to Hong Kong for employment. The Government may also consider organising free cultural exchange activities for new arrivals to help them integrate into the local community.

    The surveys also revealed that the Hong Kong citizens in the GBA need support in their daily lives. Therefore, the report calls on the Hong Kong government to further promote cross-border medical integration and strengthen support for associations of Hong Kong citizens in the Mainland, which combines its resource advantages and the extensive experiences of these associations to provide the appropriate support for Hong Kong citizens in the Mainland. The report also points out that in view of the lack of an academic and professional qualifications framework across all sectors in the GBA, the Hong Kong government should continue to work with its counterparts in the Mainland to establish a wider qualifications recognition ecosystem.


    Greater Bay Area Opportunities: Survey and Analytical Observations

    [Full Report (Read Flipbook)] 
    [Executive Summary (Read Flipbook)] 

    [Full Report (Download PDF) ] 
    [Executive Summary (Download PDF) ] 

    The development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is accorded the status of key strategic planning in the country's development blueprint. Meanwhile, recent studies also show that Hong Kong residents have an increased understanding about the GBA. In light of this, Our Hong Kong Foundation has published the report entitled ‘Greater Bay Area Opportunities: Survey and Analytical Observations’ to better understand how Hongkongers perceive and evaluate opportunities in the GBA.

    greater bay area opportunities survey and analytical observations
     

    Note: The data presented in this figure have excluded respondents who chose “no opinion” or “refuse to answer”.

    The survey shows that most respondents recognised the business opportunities arising from the GBA. Most of the respondents agreed that the joint development of Hong Kong and the mainland cities in the GBA will help to diversify Hong Kong’s economy. Through engaging in the GBA’s development, Hong Kong can nurture more talent and explore emerging industries so as to create new ‘growth engines’.

    In conclusion, the study shows that most Hong Kong residents are able to identify the potential of the GBA, and recognised the economic benefits brought by the co-development with other GBA cities. Therefore, when considering approaches in promoting the GBA, the Hong Kong Government should focus on policies that are more related to local residents. In such way, Hong Kong residents will be more willing to consider living in the GBA on the mainland.