An incubator for HK companies

Chan Sing, a 33-year-old entrepreneur, found three years ago that his startup was in jeopardy due to difficulties raising funds in Hong Kong.

He recalled that banks were the main fundraising channel there at that time, but it was difficult for an internet-based startup to receive sufficient financial support due to the lack of collateral.

In 2015, he tried his luck pitching his startup to Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub in Shenzhen, and in less than six months he received a 50 million yuan ($7.9 million) investment.