The epidemic has been raging for three years, and the business environment in Hong Kong has deteriorated, affecting the determination of young people to start a business.
Haoyang Junior Chamber of Commerce announced today (18th) the survey results of the "Asia 100 Youth Entrepreneurship Index" and found that only about 30% of the students decided to start a business in the future, and about half of them would rather choose to be "wage earners", and more than half of them would like to work for the first month The maximum income is 20,000 yuan.
The Chamber of Commerce suggested that the government can provide more entrepreneurial funds for young people and cooperate with technology companies to provide support.
There are also other chambers of commerce who do not agree that starting capital is the biggest challenge, and believe that young people must invest in themselves: "Otherwise, no matter how much money is invested, it will only be wasted."
Survey: Half of the students surveyed believe that starting a business requires $200,000
From January 3rd to February 10th this year, Haoyang Junior Chamber of Commerce collected a total of 306 valid questionnaires from students aged 18 to 25 in Hong Kong’s tertiary institutions through on-site interviews and online forms.
The survey found that only 33% of the respondents would choose to start a business in the future, while 46% would choose to be "wage earners". Among them, 54% expect their first job to earn 12,000 to 20,000 yuan a month.
There are two main reasons for students’ reluctance to start a business. 33% think that the biggest challenge is the start-up capital, and half of them expect to need 200,000 yuan. Another 38% think technology and technology are the challenges.
Nearly half believe networking is the most important business skill
As the saying goes, “Knowing people is better than literacy”. Among the respondents who chose to start a business, 45% believed that networking is the most important business skill. As for their most promising businesses are medical care, Metaverse and elderly services, Accounted for 23%, 21% and 15% respectively.
Respondents also believed that Hong Kong’s business environment scored only 6.5 points (out of 10 points), among which the highest rating was 6.27 for the rule of law and low tax rates, followed by 6.21 for public security laws and regulations, and the lowest for 5.44 for non-intervention policies.
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Chambers call on government to provide more start-up funding to youth
Ma Guojian, president of Haoyang Youth Chamber of Commerce, suggested that the government can provide more entrepreneurial funds for young people, and can also cooperate with technology companies to provide support.
Since the rule of law, low tax rates and public security regulations are the biggest advantages, he pointed out that the government should think about striking a balance between active assistance and free development.
Legislative Council member He Jingkang said that he has experience in starting a business in the Mainland and believes that starting a business has never been easy.
He said that as long as everyone has confidence and believes that the future of young people in Hong Kong is still bright.
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Chamber of Commerce: Investing in yourself is the most important thing, otherwise no amount of money will be wasted
Chen Qingda, vice chairman of the Hong Kong General Chamber of Young Entrepreneurs, disagrees that start-up capital is the biggest challenge, and believes that the most important thing is to invest in yourself and find out your positioning and strengths. "Otherwise, no matter how much money you invest, it will only be wasted." A score of 6.5 for the business environment is not bad, and young people are encouraged to work hard to start their own businesses.
Yang Muzhen, director of the Business Department of Hong En Christian College, said that technology is very important to entrepreneurship. Make good use of the latest technology including big data, NFT, etc., pay attention to the innovative technology plan announced by the government, and encourage young people to turn their ideas into action.
The social enterprise private summit will be held this month. Asian young entrepreneurs will share their experience in the social innovation process. Po Leung Kuk and SF Express Hong Kong will jointly support youth entrepreneurship. 40 participants will each receive 5,000 yuan in shipping fees. Entrepreneurial stories and experiences help young people realize their entrepreneurial dreams!
Tung Wah Group of Hospitals "Landing‧Dream - Youth Entrepreneurship Program"
