Hengqin-Macao Youth Entrepreneurship Valley will exempt in-house enterprises from rent payments and half of their property management fees for the first quarter of this year to ease liquid capital burdens of medium and small-sized enterprises and help them get through the outbreak of corona virus disease (COVID-19).

The national incubator is composed of Inno Valley HQ, International Commercial Center, and Hengqin Free Trade Zone bases. It has so far incubated 392 projects, of which 218 are from Hong Kong and Macao.

Meanwhile, the incubator's stated-owned operator, Hengqin Financial Investment Inno Valley HQ Incubator Management, has moved all procedures for project settlement online so that company personnel need not go out in public, according to a company executive.

Many enterprises and individuals have contributed to the fight against COVID-19 under Hengqin Financial Investment's initiative. Dr Wang Canyun, founder of Zhuhai Tenna Technology, for example, donated to five domestic hospitals 1,200 masks he purchased and 11,252 other items from Japan.

Macao-Hengqin Youth Entrepreneurship Valley [Photo by Li Jianshu / Zhuhai Daily]