Beijing, May 31 (CNA) Four Taiwanese innovation and technology firms had their operations officially inaugurated Thursday at a Beijing-based science and technology park that has been soliciting young Taiwanese entrepreneurs with generous investment incentives.
The park has initially set up a 400-square meter area to attract Taiwanese businesspeople under 40 years of age to start businesses, officials of the Wangjing Science and Technology Park said at the inauguration ceremony of the four companies.
The site will be expanded to 6,600-square meters in the future and be able to accommodate up to 50 businesses, the officials added.
Feng Guo-hua, president of the Taiwan-based Zhong Hua Zong Shan International Culture Media Co., one of the four Taiwanese businesses, said that his company decided to open a branch office in the park as the upstream and downstream chains of the cultural and creative sector in Beijing has been relatively integral.
The generous investment incentives offered was also a major reason for his company's presence in the park, he added.
According to park authorities, Taiwanese under 40 years old with a bachelor's degree are eligible to apply for an incentive package -- including low-interest loans and favorable tax treatments -- from China's Taiwan Affairs Office of the State Council to start businesses in the park.
Nathan Chiu, the chief executive officer and founder of FunP, a social news website from Taiwan, hopes more young Taiwanese entrepreneurs will gather in the park and help each other as a business group.
The park currently houses hundreds of enterprises, primarily in the fields of culture and innovation, telecommunications and computer science, which could act as gateways for Taiwanese businessmen to market their brands overseas, Chiu added.
(By Lawrence Chiu and Hanna Liu)