28 November 2024
The Shenzhen Municipal Human Resources and Social Security Bureau (“the authorities”) issued the “Notice in relation to Extending the Validity of the “Implementation Opinions on Promoting the High-quality Development of Innovation and Entrepreneurship Bases for Hong Kong and Macao Youth” (“the Notice”) on 28 November 2024. The authorities proposed that a one-off subsidy of RMB500,000 will be granted to municipal innovation and entrepreneurship bases for purpose of venue leasing, incubation services, and purchase of shared equipment. The effective date of the Notice is extended to 30 November 2029.