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Nansha boosts financial backing for HK, Macao youth startups

  通讯员 南宣 供图

A financial resource matching session for Hong Kong and Macao youth startups was recently held in Nansha, co-hosted by the district's human resources and social security bureau, the Hong Kong and Macao Affairs Office, and the Bank of China (BOC) Nansha Branch.

The event, the first of its kind since the "Nansha Financial 30 Measures" were launched, focused on policy interpretation and financial services, attracting 30 startups and 19 representatives from startup bases.

BOC Nansha introduced specialized loan products and cross-border financial services for young entrepreneurs. Supporting measures, such as credit risk compensation and subsidized talent housing, were also outlined.

Three startup founders shared how the "Hong Kong and Macao Youth Startup Loans" quickly addressed their funding needs during expansion, enabling steady growth this year.

To tackle the "first loan difficulty" faced due to a lack of mainland credit records, BOC Nansha has actively implemented financial measures. By the end of October, it had disbursed over 20 million yuan in loans to 20 eligible startups, providing crucial initial support. The bank pledged to further enhance financial backing for incubating projects in youth startup bases.

Reporter: Li Xindi, Wu Guanglin

Photo: Publicity Department of Nansha District

Editor: Wei Shen, James Campion, Shen He

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