Thursday, July 28, 2016

Wy Cheng — China’s Quest to Attract Foreign Talent

This is just the beginning.
The package include 16 new measures, such as fast-track approvals for skilled foreign nationals, a simplified permanent residence application, subsidies for foreign students’ start-ups, and accelerated visas and residency application processes for overseas Chinese. Set to go into effect on August 1, 2016, the new measures, as the ministry revealed, aim to answer “the free trade zone’s urgent demand for high-caliber foreign talent, overseas Chinese returning to start businesses, young foreign students, and investors to realize innovation-driven development of the zone.”
The new policy is in line with the Chinese government’s plan to set up its first immigration office, which was confirmed by Public Security Minister Guo Shengkun earlier this year in an internal meeting. Specifically, the office will be founded by the end of the year by merging and expanding the ministry’s border control and exit-entry administration bureaus. Although the ministry has not disclosed further information, people with knowledge of the plans have made it known that the office would aim at seeking overseas talents to facilitate the country’s transition into a consumer spending and innovation-driven economy.
The Diplomat
China’s Quest to Attract Foreign Talent
Wy Cheng

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