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December 15, 2011

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Shanghai launches new effort to lure foreign experts to jobs

SHANGHAI announced a new drive yesterday to lure high-end talent from abroad, including foreigners and overseas Chinese, with urgently needed professional backgrounds and expertise.

Besides promising minimum salaries of 300,000 yuan a year and generous benefits from their employers, the senior professionals from abroad signed by local firms can also expect to benefit from some special privileges regarding their local stays. These include enhanced visa conveniences and the priority to receive the city's permanent residency permits, said local government officials.

The efforts to attract overseas talent by the city government date to the 1990s, said Wang Yu, deputy director with the Organization Department of the Party's Shanghai committee.

In the last three years, 225 senior overseas professionals with the most needed work backgrounds have been attracted to Shanghai as part of the ongoing government-backed program. The local recruits are part of a national campaign initiated by the central government to attract 1,000 top professionals in fields such as finance and engineering to help boost China's economic development.

The local plan announced yesterday creates 72 senior position vacancies with nine big state-funded companies based in Shanghai. All are leading firms in their industries.

The future recruiters are Shanghai Xian Dai Architectural Design Group, Shanghai Electronic Group, Shanghai Automotive Industry Group, Jin Jiang International Holdings Co Ltd, Shanghai Huayi Group, Shanghai World Expo Co Ltd, Shanghai Pharmaceutical Holdings Co Ltd, Shanghai Electric Cable Research Institute and Shanghai Research Institute of Building Sciences Co Ltd.

The positions mostly require senior engineering, technical and business management backgrounds, according to the released catalog.

Local experts said the lack of highly qualified financial professionals with the necessary expertise and rich global experience is creating challenges to Shanghai's ambition to transform itself into a world financial hub.

"We hope the local firms will seek cooperation with leading headhunter companies in a more proactive manner to increase chances of finding the wanted talent from the overseas market," Wang said.

He added that the local government is working with related firms on future schemes to lure professionals and would announce new recruitment catalogs in phases as soon as possible.

Information about the companies and job requirements for the 72 position vacancies is now available for inquiry at a government website,


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