Hous­ing perks, ed­u­ca­tion op­tions aim to draw more for­eign tal­ent

China Daily (Latin America Weekly) - - China - By CAO CHEN in Shang­hai caochen@chi­nadaily.com.cn Ma Chi and Shi Xiaofeng con­trib­uted to this story.

Hangzhou has rolled out a new wave of poli­cies to at­tract and re­tain in­ter­na­tional tal­ent, as the eastern Chi­nese city seeks to em­u­late bet­ter-known me­trop­o­lises such as Beijing, Shang­hai and Shen­zhen.

For­eign pro­fes­sion­als work­ing in Hangzhou, cap­i­tal of Zhe­jiang prov­ince, will ben­e­fit from fa­vor­able poli­cies in ap­ply­ing for per­ma­nent res­i­dence, en­try-exit visas and tem­po­rary res­i­dence per­mits, city of­fi­cials said on Wed­nes­day.

En­trepreneurs from over­seas who in­tro­duce projects com­pat­i­ble with the city’s longterm in­dus­trial vi­sion may be el­i­gi­ble for sub­si­dies of up to 5 mil­lion yuan ($788,000), with the max­i­mum sub­sidy capped at 100 mil­lion yuan for projects deemed es­pe­cially mer­i­to­ri­ous.

In ad­di­tion, an in­ter­na­tional en­trepreneur­ship park will be es­tab­lished, with qual­i­fied en­trepreneurs el­i­gi­ble for startup sub­si­dies of up to 5 mil­lion yuan. Im­por­tant tech­no­log­i­cal projects may re­ceive up to 3 mil­lion yuan in di­rect fund­ing and tax ben­e­fits.

For for­eign­ers who choose to work in China, mas­ter’s de­gree hold­ers may re­ceive a one-time rent sub­sidy of 20,000 yuan and PhD hold­ers could get 30,000 yuan. Those work­ing at post­doc­toral re­search in­sti­tutes are en­ti­tled to an ad­di­tional 20,000 yuan sub­sidy.

The city also plans to build more fa­cil­i­ties to meet the de­mands of for­eign work­ers. By 2022, 10 schools for the chil­dren of for­eign­ers will be es­tab­lished, and res­i­den­tial com­mu­ni­ties at­trac­tive to for­eign­ers will dot the city.

In ad­di­tion to tap­ping over­seas tal­ent, the new pol­icy in Hangzhou aims to de­velop do­mes­tic re­sources. The city is en­cour­ag­ing tal­ented res­i­dents to at­tend global skills com­pe­ti­tions, and will award up to 500,000 yuan to prizewin­ners.

To cul­ti­vate do­mes­tic tal­ent with glob­ally rec­og­nized skills, Hangzhou will pub­lish a cat­a­log of guide­lines for qual­i­fi­ca­tion cer­tifi­cates in fields such as finance, taxes, law and equipment man­u­fac­tur­ing, and will award qual­i­fied cer­tifi­cate hold­ers a 20,000 yuan sub­sidy.

Hangzhou has been se­lected as one of China’s top 10 most at­trac­tive cities by for­eign­ers for seven con­sec­u­tive years. Since 2015, the city has of­fered pol­icy sup­port to at­tract and re­tain tal­ent for in­no­va­tion and en­trepreneur­ship.

So far, the city has drawn 29,000 high-level Chi­nese grad­u­ates re­turn­ing from over­seas stud­ies, as well as 15,000 high­level for­eign em­ploy­ees. More than 4,900 com­pa­nies have been reg­is­tered by for­eign en­trepreneurs.

Lu­cas Ron­dez, an en­trepreneur from Switzer­land, said his com­pany has ben­e­fited from

Num­ber of com­pa­nies reg­is­tered by for­eign en­trepreneurs in Hangzhou

Hangzhou’s poli­cies.

“We have en­joyed var­i­ous sub­si­dies as well as open fi­nanc­ing poli­cies since the start of my busi­ness in 2015,” he said. “The city of­fers good en­tre­pre­neur­ial op­por­tu­ni­ties and cap­i­tal, which at­tracts more in­ter­na­tional tal­ent and com­pa­nies.”

His com­pany has helped more than 100 for­eign en­ter­prises set­tle in China.

“More for­eign­ers are look­ing at start­ing busi­nesses in China than in past years be­cause of the poli­cies,” Ron­dez said. “As a ris­ing in­ter­na­tional city, Hangzhou is con­stantly im­prov­ing with the sup­port of the gov­ern­ment and nu­mer­ous en­trepreneurs’ ef­forts to ex­plore more busi­ness models.”

Tim and Sa­man­tha Clancy, an Aus­tralian cou­ple who have worked on Sino-Aus­tralian cul­tural com­mu­ni­ca­tion for seven years, see the city as a place where they can en­er­get­i­cally pur­sue their ca­reers and still walk peace­fully around the city’s famed West Lake. They ap­plauded the poli­cies but sug­gested that the gov­ern­ment should pub­li­cize them more.

Know­ing the poli­cies ex­ist is not enough. Un­der­stand­ing how to make good use of them is more im­por­tant, Tim Clancy said.

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