Hengqin’s got talent

More startups and operating projects are expected to set foot in the Hengqin New Area following the announcement of plans for building a RMB1 billion (US$151.91 million/MOP1.22 billion) edifice to headquarter the Thousand Talents Plan, the Zhuhai government informed yesterday.
The building, planned to cover a 16,000 square-metre surface and 50,000 square metres of floor space east of the Hengqin Bridge, will cater mainly to ‘high-calibre’ professions and Chinese overseas professionals trained in fields such as electronics and information technology, new materials, aviation and aerospace engineering, biological products and new pharmaceuticals, as well as new-energy and energy-saving technologies, according to the neighbouring authority.
Construction is set to start within the year.
Startups and innovation teams can apply for subsidies of RMB2 million or RMB5 million upon registration of their companies. Previously these incentives could only be expected to be received one year after registration and six-months after having set up in the area.
Experts within the Thousand Talents Plan programme can receive a business license within one day through the ‘expert green channel.’
Experts joining the new facility will be provided with centralized business offices and integrated services.
Forty-six members of the Thousand Talents Plan have already been welcomed in 2017, with the Zhuhai government claiming the area now houses nearly nine out of ten of the city’s Chinese foreign experts.