On August 28, the Guangzhou-Hong Kong Science and Technology Cooperation and Exchange Conference was successfully held at the Conference Center of Science City, Huangpu District, Guangzhou. The "Guizhou-Hong Kong Angel Fund of Funds", an angel fund established for entrepreneurship among young people in the Bay Area, was announced at the conference.

The Guangzhou-Hong Kong Angel Fund of Funds was jointly initiated by Guangzhou Development Zone, Guangzhou Zhonghuan World Star Investment Co., Ltd., the Hong Kong Angel Investment Foundation, and the Hong Kong Science Park’s Kepei Network. It was established in Guangzhou Development Zone, focusing on supporting the Greater Bay Area, especially It is a high-quality project with innovation and investment value incubated and settled in Guangzhou Development Zone by Hong Kong Science Park and Hong Kong Cyberport. The investment direction focuses on the fields of new generation information technology, artificial intelligence, biotechnology, new energy, new materials and so on.

The Guangzhou-Hong Kong Angel Fund of Funds is an angel fund established for entrepreneurship among young people in the Bay Area. If young people in Hong Kong have good entrepreneurial ideas, they can be recommended to the Huangpu District through the fund. Once approved, they will be supported by the Huangpu District Government and the foundation in terms of resources and funds.