A conference on promoting Hunan-born entrepreneurs to return home to start business was held on January 11.

From January to November 2022, Hunan entrepreneurs invested in and started up 899 new enterprises, with a total paid-in investment of more than 421 billion yuan, according to 34.9% of the domestic direct investment of the province.

In 2022, Hunan held important events including the Global Forum for Hunan Entrepreneurs, the first Tourism Development Conference of Hunan Province and the provincial key projects signing ceremony, more than 90% of investment projects came from Hunan-based entrepreneurs.

That’s thanks to Hunan’s efforts for these entrepreneurs.

Hunan issued relevant policies to build a policy system for Hunan-born entrepreneurs to return home to start business. It clarified that there are about 8.7 million Hunan-born entrepreneurs, individual businesses, agricultural cooperative managers, migrant workers, and college students working or studying outside Hunan Province.

In the following five years, Hunan will strive to attract 2% of the migrant Hunanese to return to start business every year.

Meanwhile, Hunan has also launched the construction of a Hunan entrepreneur database, a Hunanese talent pool, a Hunan-based listed company library, and a Wechat public account for Hunan entrepreneurs worldwide. These will be connected and share data with the Hunan Investment Promotion Cloud Platform to form a resource system of an enterprise library, a project library, an institution liaison library, and a global investment attraction map.    

So far, data of 712 commercial chambers have been collected and shared with Hunan's cities, prefecture, industrial parks and development zones.

To promote entrepreneurship and innovation upsurge to rural areas, Hunan has implemented the construction of typical rural entrepreneurship and innovation counties, rural entrepreneurship and innovation parks and incubation and training bases, built cultivation platforms for rural entrepreneurship and innovation players, and created a good environment for migrant workers to return home to start business.

Collection of Rural Entrepreneurship and Innovation Polices was compiled, a series of activities including sending policies, information, technology and services to returning migrant workers were launched, and the rural entrepreneurship and innovation policies were deeply publicized.

According to the latest statistics, as of October 2022, there were 285,000 Hunan-born entrepreneurs in the province, 724,000 rural entrepreneurs and innovators, including 579,000 migrant workers. A total of 198,000 entrepreneurship and innovation employment training sessions were launched in rural areas, including 99,000 rural entrepreneurship and innovation leaders. The rural entrepreneurs innovators in the province created 1.873 million job opportunities in the province.

As the Spring Festival approaches, most Hunanese will return home. This is the best time of the year to vigorously promote Hunan-born entrepreneurs to return home to start a business. All departments should work together to seize this precious opportunity.

In the long run, all departments at all levels in Hunan should improve and promote organizations, formulate incentive policies, build a homecoming entrepreneurship platform, develop and publish investment attraction information to benefit Hunan entrepreneurs, so as to promote and guide Hunan-born entrepreneurs, migrant workers and businessmen to return home and start a business.