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Professionals lured with fund
By Jia Feishang |
September 30, 2010, Thursday
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Print Edition
Print Edition
THE city government has decided to boost investment for a dedicated fund to attract more overseas professionals to start their own businesses in Shanghai, the Shanghai Human Resources and Social Security Bureau told local legislators yesterday.
The fund, which was established six years ago, aims to help those who have studied abroad but want to start their own companies in the city. Those who qualify can get up to 500,000 yuan (US$74,722).
The bureau said it has been raising investment to the fund for the past two years, and might continue in the same vein since the companies started by the qualified candidates have created a value of over four times of 250 million yuan, the total amount offered during the last six years.
Zhu Limin, a deputy to the Shanghai People's Congress, proposed not only to provide economic help to foreigners who are willing to start their own companies but to establish an evaluation system to find out what kind of professionals the city really needs.
Last month, the city issued a new set of guidelines aimed at beefing up services, possibly offer subsidies and other inducements, and improve living amenities in order to lure and cultivate more high-end professionals from all over the world over the next decade.
Zhou Haiyang, director of the bureau, said they would offer 1 million yuan to each of the professionals selected by a certain program to purchase an apartment.
The fund, which was established six years ago, aims to help those who have studied abroad but want to start their own companies in the city. Those who qualify can get up to 500,000 yuan (US$74,722).
The bureau said it has been raising investment to the fund for the past two years, and might continue in the same vein since the companies started by the qualified candidates have created a value of over four times of 250 million yuan, the total amount offered during the last six years.
Zhu Limin, a deputy to the Shanghai People's Congress, proposed not only to provide economic help to foreigners who are willing to start their own companies but to establish an evaluation system to find out what kind of professionals the city really needs.
Last month, the city issued a new set of guidelines aimed at beefing up services, possibly offer subsidies and other inducements, and improve living amenities in order to lure and cultivate more high-end professionals from all over the world over the next decade.
Zhou Haiyang, director of the bureau, said they would offer 1 million yuan to each of the professionals selected by a certain program to purchase an apartment.
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