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November 10, 2009

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Home » Metro » Education

City offers incentives for talent from afar

SHANGHAI is kicking off a new effort to attract high-level overseas professionals to further step up innovation and economic development in the city.

As part of a national campaign to lure highly skilled people, nine Shanghai-based companies and institutions have been named "innovation and entrepreneurship bases" for overseas talent.

This means that each of them can offer their own preferential policies for professional recruitment and training.

Details regarding city-level policy incentives will be worked out within two weeks, officials said yesterday.

"We will provide them with the best service and working environment to help them work and live well in the city," an official surnamed Ran told Shanghai Daily yesterday.

Most of the nine bases are involved with research and development in high-tech sectors, such as the Commercial Aircraft Corporation of China Ltd, Zhangjiang High-tech Park, and Shanghai Institute for Biological Sciences.

They will provide a variety of privileges to the highly skilled from overseas who come to start their business in the country.

For instance, the Zhangjiang High-tech Park plans to give high-level talents a subsidy of 300,000 (US$43,937) to 500,000 yuan to open their businesses in the park. And it will help them get bank loans.

Applicants at the Shanghai Institute for Biological Sciences, one of the city's top life-science research institutes, will get a customized package including a "chief scientist" title, an initial research funding of 2 million yuan and subsidies from the city and central government.

The country launched a campaign last year to encourage about 2,000 high-level overseas talents to start their business or work for the country in the next few years.

Altogether 61 professionals from Shanghai, both returned overseas Chinese and foreigners, have been chosen as beneficiaries of the plan.

Shanghai has also embarked on its own projects.

Since 2003, three rounds of the 10,000 Overseas Scholars Converging Program have brought more than 30,000 overseas professionals to work in the city, including 22,000 returned overseas Chinese.


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