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January 1, 2011

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Home » District » Minhang

District designates funds for pool of professionals

THE Minhang District has earmarked 100 million yuan (US$14.66 million) this year to develop a pool of talent for the sectors such as property, health and education support services.

Policy incentives will mainly target Chinese professionals returning from overseas by offering them housing subsidies, health care, education for their children, job opportunities for spouses and social insurance. The professional talent will be encouraged to start businesses or go into existing businesses to help upgrade skills.

"This strategy to tap talent is a government priority, and we spare no effort in trying to attract skilled professionals to our district," Sun Chao, Party secretary of Minhang, said during a conference in late December marking the opening of a service center to coordinate the campaign.

"We will offer the best incentives and make them feel at home in the district," Sun said.

A 500,000 yuan subsidy will be provided to high-level professional talent returning from overseas and seeking to buy a home in the district. For those who prefer to lease, a rent-free apartment of about 150 square meters will be offered. Those wishing to choose their own rental accommodation may also be exempt from rent.

A maximum 1 million yuan will be offered to highly skilled overseas talent wishing to start their own businesses in the district. The government will also help them get bank loans.

For those involved in significant research and development programs at a national level, a maximum 1 million yuan subsidy will also be offered to encourage innovative work. For city-level scientific and technological projects, 500,000 yuan in aid will be available.

The district is focusing on returning Chinese who have earned a degree overseas, who are specialists in key technological sectors, who have won distinguished science or technology awards overseas or who have participated in major projects overseas.

Recipients of the government incentives must be 55 years or younger and work in China for at least nine months every year.

Minhang urgently needs more talented professionals working in manufacturing, medical care, innovative industries and the cultural sector, Sun said.

The district has signed agreements with 10 companies and institutions, which will use these preferential policies for professional recruitment and training.

In the past five years, Minhang has attracted 15,153 skilled professionals to the district with preferential policies that include permanent residency permits. The district maintains a data base of all the professionals recruited.

Lu Yi, director of human resources of the Zizhu Science Park, an innovation and entrepreneurial base in the district, said the park is feeling the pinch of a talent shortage.

"We must find more talent to satisfy the expansion and booming development of the park," she said. "Many talented Chinese overseas are eager to return to their homeland to start their own businesses, and we want to help them as much as possible."

Lu said she believes the newly established center and the hefty investment from the government will give a boost to the district's talent recruitment.




 

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