Full Report - Center for Entrepreneurship - CUHK

Feb 6, 2017 - In mid-2016, 9.44% of Hong Kong adult population .... businesses fell into the domain of those with some ... stage entrepreneurship rates among the highest income ...... in Shenzhen, the hosting of entrepreneurship forums.
17MB Sizes 3 Downloads 157 Views

Report by Marta K. Dowejko & Kevin Au HONG KONG TEAM


Kevin AU / CUHK

DONG Xiaoyuan


LI Zhaohui


LIAO Mingzhong

Alfred TAN / HKBU

LIU Hongjuan



Cheung-kwok LAW / CUHK


Michael FUNG / CUHK

TANG Xiaofeng

Michael LEUNG / CUHK

WANG Weili

Ting-hin YAN / CUHK

YANG Liqing


YUAN Yicai

HONG KONG and SHENZHEN Report 2016

STUDY CONSORTIUM Center for Entrepreneurship, The Chinese University of Hong Kong School of Business, Hong Kong Baptist University Centre for Asian Entrepreneurship & Business Values, The University of Hong Kong Shenzhen Academy of Social Sciences Savantas Policy Research Institute

EVENT SPONSOR KPMG (HK) / 深圳市宣傳文化事業發展專項基金 / HKX Tech Startup Platform

Hong Kong, February, 2017


Report by Marta K. Dowejko & Kevin Au Co-organizers Center for Entrepreneurship, The Chinese University of Hong Kong School of Business, Hong Kong Baptist University Shenzhen Academy of Social Science Centre for Asian Entrepreneurship and Business Values, Hong Kong University

Cover Design Under Production Limited Cover Photo Jim Li Zyxeos30/Getty Images Publisher Under Production Limited Unit A25, 3/F, Lead On Industrial Building, 18 Ng Fong Street, San Po Kong, Kowloon, Hong Kong Tel: 3111-2033 Fax: 3175-3903 E-mail: [email protected] Website: http://www.underproductionhk.com Distributor SUP Publishing Logistics (HK) Limited 3/F, C & C Building, 36 Ting Lai Road, Tai Po, N.T., Hong Kong Tel: 2150-2100 Fax: 2407-3062 / 2764-2418 E-mail: [email protected] Website: http://www.suplogistics.com.hk Printer Suncolor Printing Company Limited Room 11, 7/F Fullagar Industrial Bldg., 234 Aberdeen Main Road, Hong Kong Tel: (852) 2873-4036 Fax: (852) 2555-6566 E-mail: [email protected] Website: http://www.gaahk.org.hk January 2017, First Edition Copyright © 2017 by The Chinese University of Hong Kong All rights reserved Printed and published in Hong Kong ISBN: 978-988-77784-5-5 Price: HKD 98.00

Executive Summary Prevalence Rates of Entrepreneurial Activity

Interestingly, in Shenzhen the same proportion of individuals who declared they possessed necessary skills and knowledge to do so (35.8%), also reported their

All types of entrepreneurial activities recorded an increase

intention to start a business in the next two years (36%).

in both cities, which is a sign of a growing economy

One explanation may be that the opportunities emerging

and of the revival of entrepreneurial spirit of Hong Kong

from the economy are much more salient than the fear

and Shenzhen.

of failure.

In mid-2016, 9.44% of Hong Kong adult population

Successful entrepreneurs are also regaining their high

was engaging in early stage entrepreneurial activities

status and are promoted by local media in Shenzhen and

of any kind. This represents a large increase from 3.64%

Hong Kong. In Shenzhen, respondents were reporting a

reported in 2009 and significantly reverses the previously

culture that is very supportive of entrepreneurship, to a

recorded slump in entrepreneurial activity of Hong Kong

greater extent than in Hong Kong.

resulting from the global economic crisis. This is driven by the nascent entrepreneurial activity of Hong Kong adult

Cultural conditioning and attitudes towards

population, which grew +206% since 2009. In Shenzhen,

entrepreneurship, perception of own skills,