Shanghai launches 20 policies to attract world-class talent
The policies include preferential policies for overseas students in China. According to the policy, overseas students with master’s degree or higher can apply for the employment register and working residence permit, with the certificate issued by the Shanghai Free Trade Zone or Zhangjiang National Innovation Demonstration Zone – pilot zones of the policy.
Undergraduate overseas students or above who plan undertake a degree in Shanghai can apply for a two-year private affair residence permit (noted “startup”). If they are employed by a company during the startup, they can apply for a working residence permit according to the rules.
According to the policy, Shanghai could issue private affairs residence permit for foreign domestic workers who serve for overseas high-level talents or entrepreneurs that have permanent residence permits or working residence permits. The policy is seen as a great breakthrough compared with previous ones.
The policies also improve the Shanghai overseas talents residence permit system (residence card B). Foreign talents can apply to extend the residence validity based on different conditions, with a maximum extension of 10 years.
To attract domestic talents, Shanghai will promote score policies of residence permits, transition from temporary residence permits to Hukou (permanent residence permit) and direct Hukou registration. It further mentioned that talents in innovative, scientific and intermediary service industries can apply for Hukou registration within three years, and innovative investment management talents can shorten the time limit into two years.