Hangzhou offers incentives to attract global talent

China’s first-and-second-tier Chinese cities have introduced new policies to attract foreign talent. Hangzhou, capital of Zhejiang Province, has launched favourable terms and incentives to foreign students and entrepreneurs.

Part of the new policy is to offer foreign students that choose to work in Hangzhou a living subsidy. ChinaPlu reports that foreign entrepreneurs who bring in industrial projects may be eligible to receive a startup subsidy of up to $800,000. Hangzhou also plans to establish 10 schools for children of foreign workers by 2022 and building a batch of international residential communities.

Other cities like Beijing, are also aiming to attract high-level foreign talent. Some cities have eased procedures for their registration; some offer new visa valid for up to 10 years with multiple entries, or 180-day stays for a single entry for high-end foreign talent.

Further reading on chinaplus.cri.cn

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