City issues guideline
By Zhang Fengming |
August 20, 2009, Thursday
|
Print Edition
Print Edition
SHANGHAI has issued a new guideline to boost financial innovation and attract talent as the city continues its push to become a global financial hub by 2020, the local financial services office said yesterday.
The Shanghai government will set up an "awards" program to encourage people in the financial industry to adopt new methods in areas, including product design, operating techniques, provision of services and corporate management, the Shanghai Financial Services Office said yesterday, quoting the new guideline.
The city government will use cash awards to attract financial professionals to the city, according to the guideline. The awards will also ease the impact of the Shanghai tax rate, which is higher than in other Asian financial centers.
The city is also simplifying procedures for out-of-town professionals to obtain temporary residence cards and permanent residency to attract high quality talent. The city will also make it easier for the children of these professionals to go to school.
Shanghai will also offer a one-time cash incentive to overseas institutions that want to incorporate local subsidiaries in the city. The city will offer a one-time capital incentive to financial institutions to set up headquarters in Shanghai.
The city government will also offer follow-up funds to institutions that exhibit outstanding performance in Shanghai within five years of beginning operations.
The Shanghai government will set up an "awards" program to encourage people in the financial industry to adopt new methods in areas, including product design, operating techniques, provision of services and corporate management, the Shanghai Financial Services Office said yesterday, quoting the new guideline.
The city government will use cash awards to attract financial professionals to the city, according to the guideline. The awards will also ease the impact of the Shanghai tax rate, which is higher than in other Asian financial centers.
The city is also simplifying procedures for out-of-town professionals to obtain temporary residence cards and permanent residency to attract high quality talent. The city will also make it easier for the children of these professionals to go to school.
Shanghai will also offer a one-time cash incentive to overseas institutions that want to incorporate local subsidiaries in the city. The city will offer a one-time capital incentive to financial institutions to set up headquarters in Shanghai.
The city government will also offer follow-up funds to institutions that exhibit outstanding performance in Shanghai within five years of beginning operations.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
