Hub bridges HK, next-door city for startups

When Chan Sing, 31, started his first company in 2012, it was difficult for the startup to find capital in his hometown Hong Kong.

"The fund raising channel in Hong Kong at that time was mainly banks, but it's not easy for an internet-based startup like us to secure sufficient financing," said Chan. "We were lacking in collateral, but needed large investment to expand our client base."

Last September, he started his second startup across the border, in the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub in Shenzhen. He received a 50-million-yuan investment in less than six months.