About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
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CGTN published this video item, entitled “Sing Chan: Hong Kong youth chases dream in Shenzhen” – below is their description.
Sing Chan came to Qianhai in Shenzhen back in 2015. He is among the first group of Hong Kong youths to start a business here. His company received the first round of financing of 50 million yuan in less than a year. In 2016, Chan assisted in establishing the Shenzhen Hong Kong Macau Youth Innovation and Entrepreneurship Incubator, and served as the operation director. The incubator provides consulting guidance service for Hong Kong youths who are considering starting a business on the Chinese mainland. Chan said that as long as there’s a new Hong Kong team wishing to start up a business on the Chinese mainland, he’ll definitely tell them that Qianhai is a good choice.CGTN YouTube Channel
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In This Story: Hong Kong
Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.
Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.