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Eight students mean business

EIGHT students have already made use of the city's new policies to help graduates start their own businesses by forming six companies.

Under the rules, students who start companies within two years of graduating do not need to have a pool of operating capital to get a business license. The policy also simplifies company registration procedure, officials said.

The rules are an attempt to nurture entrepreneurship and help young people get a head-start in business.

The start-ups were four IT firms, an environmental protection company and a gallery. However, their founders still had some worries about the future.

Li Wenhao, who will get a master's degree from Tongji University in April, said his Internet start-up had five members of staff.

"We will do technical development and consultation," said Li. "And we still want to recruit four or five more staff members, also new graduates."

Li, however, said the company's size may worry new graduates. "Because of the present economic recession, most students would like to choose big, well-known companies which will give them a greater sense of security."

Li said he would try to attract staff by completing several projects successfully.

Yang Jing from Gansu Province, founder of the gallery, said she wasn't clear about the future, but said she would do everything she could to develop the company. "I came to Shanghai because I believe the metropolis would have more opportunities than my hometown," she said. "But I'm not sure what the future will be like."


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