Qianhai offers cheap housing and full-time jobs in bid to attract more Hongkongers to work in special economic zone
- Qianhai is a special economic zone in the southern tech hub of Shenzhen and just an hour’s drive from Hong Kong
- The nine measures are aimed at ‘celebrating the 25th anniversary of Hong Kong’s handover to China on July 1’ as zone makes bid for more talent
Hundreds of full-time jobs and cheaper housing are among nine new measures being offered by the Qianhai special economic zone in Shenzhen to support Hong Kong individuals and companies to work and start businesses there.
The nine measures are aimed at “celebrating the 25th anniversary of Hong Kong’s handover to China on July 1,” according to a statement by Qianhai International Liaison Services on Monday. They include a plan to offer 400 low-rent houses to Hong Kong talent working full-time in Qianhai.
“The policies of Qianhai will allow Hong Kong companies and individuals in the finance sector, professionals, legal workers, and start-ups to explore opportunities in Qianhai,” said Witman Hung Wai-man, principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority, in a statement.
Qianhai is a special economic zone in the southern tech hub and just an hour’s drive from Hong Kong. Originally created in 2009, Qianhai is already home to 11,500 companies with ties to Hong Kong.
In September, Beijing announced a plan to increase Qianhai’s size from 14.9 square kilometres to 120.6 sq km to entice more businesses to open operations in the area.