Hongkou unveils plan to attract global talent
Hongkou district has recently introduced a range of favorable policies to attract top-notch global talent.
According to the Three-Year Action Plan for Attracting Top International Talent (2024-2026) released on Oct 19, the district aims to attract no less than 1,000 global talent annually.
The district will offer rewards of up to 1 million yuan (about $140,000) to each top-notch international talent recruited and offer up to 500,000 yuan per year to HR agencies or social organizations that help district employers hire top talent.
The district will also support the establishment of talent recruitment stations overseas to attract high-level international talent and entrepreneurial projects – with funding of up to 200,000 yuan per year for each station.
Additionally, young professionals who have graduated from one of the world's top 200 universities with a PhD in science, technology, engineering, or mathematics will receive 50,000 yuan each.
Employers who recruit such talent will receive 50,000 yuan per hire, with a maximum of 200,000 yuan per year.
Encouraging entrepreneurship
The district aims to establish a pool of leading talent in key industries, offering each individual an annual incentive of up to 200,000 yuan.
To attract global talent to start up businesses in the district, Hongkou promises to provide funding of up to 50,000 yuan for each company with strong growth potential. Entrepreneurship service bases that incubate these companies will receive 10,000 yuan per company.
Housing support
The district plans to develop international talent communities and offer rewards of up to 200,000 yuan to project operators.
A housing rental subsidy of up to 10,000 yuan per person per month will be provided, available for a maximum period of six years. Additionally, a home purchase subsidy of up to 2 million yuan will be offered to each recruited talent.
For outstanding graduates from both domestic and overseas universities, a rental subsidy of up to 3,000 yuan per person per month is available for up to one year.
Source: Hongkou District Government