Published on ShanghaiDaily.com (http://www.shanghaidaily.com/)
http://www.shanghaidaily.com/sp/article/2008/200807/20080701/article_365194.htm
Fund plan to lure top managers to Pudong
Created: 2008-7-1 0:37:11
Author:Liang Yiwen
PUDONG New Area is to invest at least 2 billion yuan (US$286 million) over the next three years to attract top professionals to work in the future financial center, officials announced yesterday.
"As the city's pilot area for reform, Pudong is actively competing worldwide for high-class talents," said Huang Zhong, vice director of Pudong's personnel bureau.
"It cost a lot of money to attract professionals. This 2-billion-yuan fund is allocated to improve the welfare and benefits of professionals and help their children's education," he said.
Huang said part of the fund would be allocated as a reward to senior managers working in financial institutes and organizations.
It will also fund recruitment, training and the improvement of living conditions for professionals.
Another large share of the fund will provide subsidies for medical care, insurance and housing to innovative professionals in high-tech institutions, research and development organizations, large accounting firms and human resources corporations.
Employers can also get an allowance of 100,000 yuan for each post-doctoral researcher they employ, officials said.
Pudong also plans to build 37,000 apartments, totaling 2.3 million square meters, over the next three years to address incoming professionals' housing problems.
It is also expected to be a pilot area for the city's new policy to link the residence card system with permanent residence, which will be more convenient for non-local residents, officials said.
In 2001, Pudong had 240,000 people holding at least a college degree or with a special talent.
Now the number is more than 460,000, with an annual growth rate of 17.7 percent.
"As the city's pilot area for reform, Pudong is actively competing worldwide for high-class talents," said Huang Zhong, vice director of Pudong's personnel bureau.
"It cost a lot of money to attract professionals. This 2-billion-yuan fund is allocated to improve the welfare and benefits of professionals and help their children's education," he said.
Huang said part of the fund would be allocated as a reward to senior managers working in financial institutes and organizations.
It will also fund recruitment, training and the improvement of living conditions for professionals.
Another large share of the fund will provide subsidies for medical care, insurance and housing to innovative professionals in high-tech institutions, research and development organizations, large accounting firms and human resources corporations.
Employers can also get an allowance of 100,000 yuan for each post-doctoral researcher they employ, officials said.
Pudong also plans to build 37,000 apartments, totaling 2.3 million square meters, over the next three years to address incoming professionals' housing problems.
It is also expected to be a pilot area for the city's new policy to link the residence card system with permanent residence, which will be more convenient for non-local residents, officials said.
In 2001, Pudong had 240,000 people holding at least a college degree or with a special talent.
Now the number is more than 460,000, with an annual growth rate of 17.7 percent.
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