The Shanghai Municipal Government issued a guideline to attract overseas Chinese students to return and work or startup businesses in the city on Feb 1, with benefits and favorable policies.
Overseas professionals in Shanghai, who have been introduced by the Thousand Talents Plan, a national program to bring in top global talents to the Chinese mainland.
A trial program to test the issuance of a single, unified work permit for foreigners - replacing the current system under which two government entities have issuing authority - is expected to ease the burden of getting work in Shanghai for highly skilled expats, starting in October.
More than 1,300 start-up projects in Shanghai have obtained 260 million yuan ($39 million) in government-guaranteed loans during the first half of 2016, Pudong Times reported on Aug 16.
Shanghai launched a youth entrepreneurship initiative on July 27 to cultivate about 200 young entrepreneurs to meet the demands of Shanghai's development, Pudong Times reported.
- Implementation Opinions on Deepening the Reform of Institutional Mechanisms for Talent Development to Promote Shanghai’s Transformation into a Science and Technology Innovation Center with Global Influence
- Opinions on Deepening the Reform of the Institutional Mechanism for Talent Development
- Implementation Opinions on Deepening the Reform of Institutional Mechanism for Talent Development to Facilitate Innovation and Entrepreneurship