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A generous subsidy scheme is being rolled for 2000 Hong Kong fresh graduates to encourage them to relocate and work in the Greater Bay Area.

It’s all part of the Hong Kong government’s ambitious HK$430 million Greater Bay Area Youth Employment Scheme – designed to encourage businesses operating in Hong Kong and the GBA to recruit university graduates from Hong Kong to work across the border.

A total of 2000 positions will offered, comprising 400 IT jobs and 1600 jobs in other sectors. The longest contract period will be set at 18 months.

The majority of posts will have with a monthly salary of at least HK$18,000 – of which HK$10,000 will be subsidised by the Hong Kong government.

The announcement was made at Hong Kong chief executive Carrie Lam’s 2020 policy address on 25 November – a marathon session that went for over two hours.

Fresh graduates filling the IT positions can earn up to HK$26,000 – which includes a HK$18,000 government subsidy. However they will be required to work in Hong Kong for at least six months each year.

Lam also announced that the government has earmarked HK$100 million to finance 200 young entrepreneurs to launch start-ups in mainland China under the Funding Scheme for Youth Entrepreneurship in the Greater Bay Area, once borders reopen after the pandemic is contained.

China Resources Group is hiring 400 management trainees from Hong Kong and mainland China, half of which can work in the bay area, it was reported in The Standard.

In addition to Hong Kong and Macau, the GBA comprises nine municipalities in Guangdong province: Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing.