The Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurship and Innovation Base, which was created by the Hong Kong Council for Technology & Creation (HKCTC), recently opened in Guangzhou's Tianhe district.

Zhong Yongjian, regional president of HKCTC, said that the base focuses on the social lives of Generation Z, or people born between the mid-1990s and the early 2010s, and can offer a full chain of business services by integrating existing scientific and technological resources. It will also create a young people's cultural ecological community where they can interact freely.

In addition to providing office space and places for exchanges for Hong Kong and Macao youth, the base will help them link to market resources and create new office scenarios, said Chen Huiyi, co-founder of Chirk Up Coworking.

In recent years, Guangzhou has been promoting the construction of Hong Kong, Macao and Taiwan youth entrepreneurship and employment bases since the rollout of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area in 2019.

To date, the city has built 50 entrepreneurship and innovation bases for Hong Kong, Macao and Taiwan youths, of which four are at the national level, nine at the provincial level, and 31 at the municipal level. It has attracted 1,408 entrepreneurship projects from Hong Kong, Macao and Taiwan, as well as over 600 teams and over 3,000 young people. A total of 1,401 patents have been produced, and venture capital of 1.01 billion yuan ($145.17 million) has been obtained.