Shenzhen's human resources and social security bureau signed a strategic cooperation agreement with Shenzhen Angel FOF Fund at an entrepreneurship workshop Sunday to set up a platform to offer financial support for top-notch professionals to start up businesses.
At the workshop, Gehan Amaratunga, a fellow of the Royal Academy of Engineering, and experts from Green Pine Capital Partners, China Merchants Bank and Intellifusion gave speeches on how angel investment and financial institutions can better serve talents. High-calibre professionals attending the workshop also gave investors suggestions on how to support entrepreneurs, the bureau said in a news release Sunday.
“The Shenzhen Municipal Human Resources and Social Security Bureau aims to build a platform to serve the real economy and solve startups’ financing difficulty by integrating government, industry, research and education resources through the cooperation with Shenzhen Angel FOF Fund,” Zhao Zhongliang, director of the bureau, said.
There are around 20,000 high-level professionals in Shenzhen, and a considerable number of them have chosen to start their own businesses. During the COVID-19 pandemic, financial institutions introduced the Talent Loans and Tech Startup Loans and provided 360 million yuan (US$52.02 million) in loans for talents in the city. These financial institutions also provided more than 4 billion yuan in loan credits to 253 enterprises specializing in niche markets.