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Youngsters aspiring to start business should not only focus on the Greater Bay Area, says finance experts

出自香港新聞網 - 樹仁新傳系學生實習習作

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Reported by Chow Tsz Ching

The Greater Bay Area was one of the major projects in Hong Kong to facilitate the economic development and technology and innovation cooperation with China and Macao.





Hong Kong government had introduced the major tasks of the Greater Bay Area construction like benefiting Hong Kong’s significant industries to do start-up at the Greater Bay Area and encouraging Hong Kong citizens to learn, live and be employed at the bay via innovative policy.




However, the founder and director of QianHai Gangjunda Shenzhen Business Service Co. Limited, Rocky Yu Yat Hoi thought the Greater Bay Area was not a perfect living environment as promoted by the official. 


Rocky Yu started his corporate finance consulting service in China since 2003. Throughout the past 10 years, he assisted more than 200 industrial corporate in financing which gave him an edge in understanding the business environment and model in China.





Yu described the Greater Bay Area as a package in a talk in Hong Kong Shue Yan University.





“If you like the Greater Bay Area, you have to accept the cons of this place,” Yu said.





People working at the Greater Bay Area had little stress at work and could visit a lot of spots, but they had to face inequality at the same time, Yu added.





Yu took careless driving as an example that hurting someone would put someone in prison for many years in China, but it only took a fine or short-term imprisonment in Hong Kong. 


Besides, many communication application was banned which hindered the information mobility in Chinese business environment. 


“Chinese government would not let its people to use communication application like Facebook because it might bring more harm than good,” Yu said. 


If Hong Kong people could not accept the communication problem in the Greater Bay Area, they should not do start-up there, Yu added. 


Yu also encouraged youngsters not to do start-up first, but followed the working style of the mainlanders which was cooperating with the middle-aged.



“Youngsters lacked life experience and social network, so they could learn from the middle-aged through work while the middle-aged could acquire innovative ideas from the youngsters,” Yu said.





Yu suggested youngsters should work for five years in others’ company before setting up their business.





“They could gain more relevant work experience and maintain teamwork spirit through work,” Yu said.





Youngsters who aspired to set up own business should think big and aim at international plans, but not only focused on Hong Kong or the Greater Bay Area. --165030 2019年3月27日 (三) 15:07 (CST)

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