Shenzhen is creating a "dream factory" for youth innovation and entrepreneurship in the Greater Bay Area.
Release Time : 2026-04-27 View Count : 次The martial arts program "Wu BOT" made a stunning appearance at the 2026 CCTV Spring Festival Gala. Under the spotlight, dozens of humanoid robots competed alongside performers, precisely executing a series of high-difficulty martial arts moves such as horse stance, sweeping leg kick, and side somersaults. Throughout the performance, the robots' swarming movements were seamless, coordinating perfectly with the real martial artists. This hardcore performance combining "kung fu + technology" quickly went viral online.
A key technological support behind this spectacular performance comes from Shenzhen Liuxing Technology Co., Ltd., a science and technology innovation enterprise in Qianhai, Shenzhen. The company's independently developed intelligent spatial perception and reconstruction system gives the robot "spatial memory," enabling precise autonomous control.
"Focusing on the industry pain point of robots and drones lacking autonomous spatial perception capabilities, we have innovatively launched a spatial memory module that deeply integrates high-performance hardware with multiple sensors and built-in algorithms, and has already achieved commercial and large-scale application," Xu Wei, co-founder of Liuxing Technology, told reporters. The company has obtained more than 100 intellectual property rights in China and abroad, its core products have a market share of over 70%, and its annual turnover maintains rapid growth.
Xu Wei and co-founder Qin Youming met while pursuing their doctorates at the University of Hong Kong and founded Liuxing Technology in Hong Kong in 2021. In 2022, attracted by the industrial clusters, supply chain advantages, and low-cost space of Qianhai, the two decided to locate their company in the Shenzhen-Hong Kong Youth Innovation and Entrepreneurship Hub in Qianhai, Shenzhen.

On March 28, at the Shenzhen-Hong Kong Youth Innovation and Entrepreneurship Hub in Qianhai, Shenzhen, Xu Wei, founder of Liuxing Technology Co., Ltd., introduces the "Liuxing Machine Q9000". (Photo by Liu Mengqi, Xinhua News Agency)
The rapid growth of Liuxing Technology is a vivid microcosm of the incubation power of Qianhai, a hotbed of entrepreneurship.
In August 2010, the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone was officially established, positioned as "relying on Hong Kong, serving the mainland, and facing the world." In December 2014, the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneurship Hub officially opened, jointly initiated by the Qianhai Authority, the Shenzhen Youth Federation, and the Hong Kong Youth Association. Its aim was to provide a platform for Hong Kong and Macao youth to innovate and start businesses in the mainland, creating a "first stop" for Hong Kong youth to develop in the north. Subsequently, the Hub expanded from its initial capacity of approximately 200 teams to include central and northern sections, with a total building area of approximately 190,000 square meters.
In 2025, Dream Factory attracted over 700 applications, with 187 high-quality companies successfully settling in. A quarter of these companies secured over 5 million RMB in funding, and more than half had incubation backgrounds in Hong Kong parks and incubators. Leveraging its systematic cultivation system, Dream Factory has, to date, nurtured 91 national high-tech enterprises, with incubated teams securing a total of 8.443 billion RMB in funding.
Today, Qianhai not only provides fertile ground for science and technology innovation enterprises, but also gathers top innovation resources with a forward-looking vision. Technology transfer platforms from several Hong Kong universities, including the University of Hong Kong, the Hong Kong Polytechnic University, and the Chinese University of Hong Kong, have successively settled in Qianhai. Since its establishment in Qianhai, the University of Hong Kong's Young Science and Technology Innovation Institute has attracted more than 80 high-tech startup teams; the Chinese University of Hong Kong's New Quality Industry Center will also officially open in Dream Factory in March 2026.
If science and technology innovation enterprises are shaping the "future" of Qianhai, then time-honored brands are preserving the "memory" of the Guangdong-Hong Kong-Macao Greater Bay Area. Strolling through the streets of Qianhai, a replica of the "Tsim Sha Tsui Clock Tower" stands tall, and the familiar "Look Left" and "Look Right" road signs evoke a strong sense of Hong Kong style and flavor. Yongnian, Hong Kong, is one such representative.

People enter and exit the Shenzhen-Hong Kong Youth Innovation and Entrepreneurship Hub in Qianhai, Shenzhen. (Photo by Mao Siqian, Xinhua News Agency)
This long-established brand, which started in Yuen Long, Hong Kong in 1962, moved into Dream Factory at the end of 2024 and created the "Yong Nian Hong Kong Cultural Experience Hall + Hong Kong Style Tea and Ice Hall", which integrates offices, training, exhibitions, research and development and small processing centers.
Liu Yixuan, the person in charge of Yongnian, said: "In the past, we were doing local business in Hong Kong. Now, in Qianhai, we are not only preserving the flavors, but also connecting with the Greater Bay Area and serving more Hong Kong youth and mainland friends. The scope has been completely opened up." Yongnian regularly holds entrepreneurship sharing sessions, Shenzhen-Hong Kong youth exchange meetings, and Poon Choi banquets, which are open to Hong Kong youth to exchange ideas on entrepreneurship and discuss cooperation, making it a "community living room" for Hong Kong youth.
Currently, Hong Kong investment accounts for over 70% of the commercial facilities in Dream Factory, and the long-term occupancy rate of the Hong Kong Youth Hostel is 100%, allowing Hong Kong and Macao youth to "start businesses without worry and live at home".
At the same time, DreamWorks is accelerating its connection with global innovation resources. It has already established stable partnerships with more than 10 innovation hubs and over 100 overseas institutions. Its international incubation network, characterized by "Qianhai connections and global responses," is taking shape and becoming an important hub connecting China with global innovation resources.
2026 marks the start of the 15th Five-Year Plan. At the beginning of the year, Qianhai issued and implemented the "Qianhai Action Plan for Building a Leading Area for Deep Integration and Development between Shenzhen and Hong Kong in 2026," systematically promoting breakthroughs in three key areas: alignment of rules between Shenzhen and Hong Kong, industrial synergy, and integration of people's livelihoods.
Currently, there are over 11,000 Hong Kong-funded enterprises in Qianhai, and more than 10,000 Hong Kong residents are employed there. The technology of shape recognition technology has amazed the world on the Spring Festival Gala stage; research results from Hong Kong university laboratories have taken root and flourished here; and the familiar aroma of Hong Kong-style milk tea wafts from time-honored tea restaurants… In Qianhai, technology and culture, innovation and heritage are closely intertwined. For young people in the Greater Bay Area pursuing their dreams, this is not just a starting point for entrepreneurship, but also a home where they can find solace and a sense of belonging. (Original source: Guangdong-Hong Kong-Macao Greater Bay Area Portal)
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