Greater Bay Area: Guangzhou lures young Hong Kong entrepreneurs to start businesses with rent waivers, subsidies

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Adam Lai Ka-chi, the general manager of Swallow Education, pays no rent for his start-up’s 300-square-foot office in the Nansha free-trade zone in Guangzhou, a southern Chinese metropolis.The 34-year-old Hongkonger has also received a 1,500-yuan (US$232) monthly government subsidy to cover housing rental and transport expenses for a year.Guangzhou is luring young Hong Kong entrepreneurs by offering generous subsidies on business costs, access to trade officials and a favourable environment to…

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