Shenzhen, HK lauded as bastions for entrepreneurs

New research released on Wednesday by universities found that entrepreneurship in Hong Kong and Shenzhen is alive and well and on the rise, and said both cities could join hands to create an unparalleled ecosystem for business startups.

The findings were released by the Global Entrepreneurship Monitor - a comparative study used by such organizations as the UN and World Bank - in its Hong Kong and Shenzhen Report.

It found that all types of entrepreneurial activities recorded an increase in both cities, in contrast to declining entrepreneurship levels in other cities in China.