Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor speaks at the Greater Bay Area - Starting Line to a Bright Future ceremony, Feb 26, 2021. (PHOTO/HKSAR GOVERNMENT)

HONG KONG - The Hong Kong Special Administrative Region (HKSAR) government on Friday launched three projects aimed at encouraging young people to seek opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area.

When addressing a ceremony, HKSAR Chief Executive Carrie Lam Cheng Yuet-ngor said the Bay Area will provide Hong Kong with infinite opportunities and the government encourages various sectors to participate in its development.

HKSAR Chief Executive Carrie Lam Cheng Yuet-ngor said the Bay Area will provide Hong Kong with infinite opportunities and the government encourages various sectors to participate in its development

The projects came amid the second anniversary of a national master plan on Bay Area development.

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The projects include a HK$130-million (US$16.76 million) scheme expected to fund 230 startups and provide incubation services to over 4,000 young entrepreneurs and a short-term program that will allow some 700 young people to experience the process of setting up businesses at Bay Area bases.

The last one is an employment scheme under which the HKSAR government subsidizes enterprises dispatching college graduates to work in mainland Bay Area cities. So far, about 200 businesses have joined the scheme.

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Zhang Xin, vice governor of Guangdong province, delivered a speech online and vowed full support for Hong Kong youth studying and working in the province. Nearly 600 teams from Hong Kong and Macao are setting up businesses in Guangdong, and more than 4,000 people are working there.