Employment Opportunities for Hong Kong Residents in Nine Cities Of

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Employment Opportunities for Hong Kong Residents in Nine Cities Of Employment Opportunities for Hong Kong Residents in Nine Cities of Guangdong Province in the Greater Bay Area in the Mainland (Talent Attraction Policies) 12 December 2018 Urban Planning and Positioning of 9 Cities of Guangdong province in the Mainland One of the strategic plans of the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”) is to strengthen its position as a world-class technological innovation center, and to develop a “Guangdong-Shenzhen-Hong Kong-Macao” technological innovation corridor through actively attracting and integrating international innovation resources. Each of the 9 cities of the Guangdong province in the GBA has its own sectorial focus, and implements corresponding talent benefit policies in different industries or professional fields to attract international talents. Based on the 2018 local government work reports for the 9 cities of Guangdong Province of the Greater Bay Area, the following summarizes the urban planning and positioning and industries promoted by their local governments in the 9 GBA cities. Based on their personal career planning and prioritized development industries in these cities, Hong Kong residents can further examine the local talent preferential policies and explore the different working environments within the GBA, in order to further enhance their professional knowledge, capability and value. The working exposure and experience of Hong Kong residents in the Mainland will also strengthen the commercial and economic cooperation between Hong Kong and cities in the GBA, contributing to a more diversified economic model and the broadening of Hong Kong’s local industries, thus bringing more employment opportunities and career options to Hong Kong residents, and hence strengthening and enhancing Hong Kong’s independence and competitiveness in the global market. City Urban Planning and Positioning Industries with priority development Guangzhou The core growth center of the GBA Technology, Manufacturing, Modern Services, Shipping, Aviation, Pilot city in the “Made in China 2025”plan Commerce etc. Shenzhen International Science and Technology Innovation Technology, Modern Services, Shipping, Commerce, Biology etc. Center Marine Central City with global influences Foshan National Manufacturing Innovation Center Manufacturing, Technology, Logistics, Aviation etc. Aviation Hub of the Western GBA Dongguan Advanced Manufacturing Center of the GBA Manufacturing, Technology, Modern Services, Shipping, Modern Agriculture etc. Huizhou Technology Incubation Highland of the GBA Technology, Manufacturing, Commerce etc. Zhongshan World-class Advanced Manufacturing Base of the Manufacturing, Technology, Culture etc. GBA Regional Integrated Transportation Hub Jiangmen Hub Gateway City of the Western Guangzhou- Manufacturing, Technology, Modern Services etc. Hong Kong-Macao Greater Bay Area Zhuhai Innovation Highland of the Guangzhou-Hong Modern Services, Commerce, Technology etc. Kong-Macao Greater Bay Area Model City of the National Intellectual Property Zhaoqing Hub Gateway City connecting Guangzhou-Hong Technology, Logistics, Commerce etc. Kong-Macao Greater Bay Area with the Northwest China Overview of the Talent Policy in the 9 Cities of Guangdong province The talent policies in the 9 cities of Guangdong province in the GBA mainly include: offering settlement subsidies or talent apartments at below-market rents to fresh graduates, offering discounts to high-level talents for purchasing homes and subsidizing their start-ups or technology research projects. In addition to funding support, the cities have also launched corresponding talent preferential policies in relation to their focused industries, including the introduction of intellectual resources, the offering of part-time jobs and opportunities for talent secondment. These policies aim to reduce the concerns raised from attracting talents and aims to create an ideal environment for demonstrating the talents’ capabilities. Guangdong province also arranged a specialized talent certification program for Hong Kong residents, who are only required to perform register with the Ministry of Human Resources and Social Security of Guangdong Province online. This provides a highly efficient and effective experience and development for Hong Kong residents working in the Mainland. Furthermore, as the cooperative demonstrative zone of the GBA (e.g., Guangzhou Nansha Free Trade Zone), the Guangdong Free Trade Zone provides a more favorable policy environment to Hong Kong residents. Not only has the government set up an Innovation and Entrepreneurship Base for young adults in Guangzhou, Hong Kong, and Macao, it has also allowed qualified Hong Kong professionals with finance, planning, accounting, education, or healthcare background to set up their practices in the Free Trade Zone. Based on their local advantages, the 9 GBA cities of Guangdong province have launched various talent attraction policies, and below is an extract of the relevant policies for reference: City Policy Highlights Subsidy/Subsidy for Settlement/Family/Housi Individual Income Tax Innovation and ng Subsidy/Healthcare Entrepreneurship Gua The Personnel Policy in The “Hongmian Project” Eligible Hong Kong Hong Kong based talents ngzh Guangzhou targets high-level proposed for overseas residents can apply for in the Nansha Free Trade ou talents. It plans to provide innovative talents focuses green cards for alien of Zone can apply for superior treatments to high- on the “IAB Program” (the outstanding ability and subsidies based on the level talents through an development of next- enjoy residential benefits; difference between the approximately RMB 1.5 generation information declared and paid billion investment in areas technology, artificial Housing subsidy or 10- individual income tax such as housing security, intelligence, and year rent-free Talent under the Individual medical security, and biotechnology industrial Apartment for eligible Income Tax Law of the education for children, plans), the “NEM Plan” high-level talents; People's Republic of China innovation and (the development of new High-level talents who and the calculated income entrepreneurship, and energies and new have worked full-time in tax under the Hong Kong subsidy. In regards of materials industrial Guangzhou for 10 years, salaries tax scheme or professionals from the plans), and other key have outstanding with a standard profit tax entrepreneurship, finance, industry sectors. The contributions, and have rate of 15%. healthcare, or artificial qualified talents will be obtained Guangzhou intelligence fields, special provided with a start-up Hukou will also receive Personnel Policies are capital of RMB 2 million, the ownership of their designed and implemented. a standard rent subsidy of rented places for free; no more than RMB 35 per Eligible overseas square meter per month, graduates who returned to and a 50% bank loan China will receive a RMB interest subsidy with a 100,000 settlement maximum RMB 10 million subsidy according to the loan ceiling; “Measures of Financial Nansha Free Trade Zone Aid for Overseas provides up to RMB 20 Graduates in Guangzhou”; million subsidy and up to Besides, among the 2,000 square meters rent- outstanding talents in the free space for three years Nansha Free Trade Zone, to high-end leading Hong Kong and Macao entrepreneurial teams. residents can choose to Meanwhile, 40% of their apply for either subsidies actual R&D equipment under the special purchase will be incentive scheme or subsidized. Nansha subsidies calculated based Leading Fund of Venture on the differences in tax Capital will be able to burdens. invest up to RMB 30 million in companies’ equity in the form of “follow-up investment”. She For Shenzhen acting as the The “Peacock Project” is Available option of The qualified high-end nzhe new engine driving the launched to attract high- household registration talents who work in n construction of the GBA, the level talents overseas with Shenzhen Qianhai will receive a local government is through the following government for talents subsidy based on the determined to introduce incentives: up to RMB 1.5 and subsequent Hukou difference of tax burden talents to the area through million subsidies, up to settlement for their under domestic and launching personnel policies RMB 80 million funding spouse and children; overseas tax system, the with broadened terms at both support to innovative and Offering of compulsory subsidies are exempted municipal and district levels. entrepreneurial teams, primary and junior high from individual income The government also and rental subsidies of school education to tax. designates November 1st each RMB 30 per square meter talents’ children; year as the Shenzhen Talent up to 500 square meters; admission to schools will Day, in hopes of attracting be arranged considering more talents with different Besides the Shenzhen- individual choices and professional backgrounds in Hong Kong Science and status quo; the globe. Technology Fund Introducing children of targeting young talents to high school Every district in Shenzhen has entrepreneurs in Hong education with reduced also developed tailored Kong, Shenzhen has also tuition and other relevant personnel policies, including established “Qianhai fees; within the scope of talent incentive programs Shenzhen-Hong Kong the existing policy, targeting Hong Kong Youth Innovation and offering priority residents. Entrepreneur Hub”, admission to universities providing tutoring in Shenzhen
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