shenzhen has recently adopted a series of new policies as part of the city's efforts to lure professional talents.
on oct. 9, shenzhen took the lead in china in establishing a training institute for talents, granting up to 15 million yuan (us$2.21 million) for nurturing the talents that the city needs.
on the same day, a state-owned company was established, aimed at rolling out affordable housing projects for professional talents in shenzhen.
funded by the city government, the company is mainly engaged in financing, constructing and purchasing housing projects for professional talents. governmental investment in the company has reached 100 billion yuan. the city government aims at providing 300,000 subsidized apartments to eligible talents by the end of 2020.
the proposal to set up the company was put forward by shenzhen party chief, ma xingrui, last month during a meeting with the city's political advisers. ma said that the government-subsidized housing built by the company would be leased at reduced rates to talented individuals, the most important driving force in shenzhen's future development as an innovative economy.
five academics who settled in shenzhen this year also attended the company's launch ceremony. each of them was presented with a work fund of 1 million yuan and offered keys to a 200-square-meter rent-free apartment by the city government.
the government has also offered awards to eight institutions in honor of their roles in introducing professional talent to shenzhen. south university of science and technology of china was given 2.9 million yuan and shenzhen general institute of architectural design and research co. ltd. was granted 5 million yuan.
during the 13th five-year plan from 2016 to 2020, shenzhen plans to build 400,000 government-subsidized apartments, including 300,000 for professional talents.
zheng xiuyu, vice head of the organization department of the cpc shenzhen municipal committee, told the shenzhen special zone daily on monday that qualified college graduates with a bachelor's degree, a master's degree or a doctorate can expect to be granted a one-off rental and living subsidies of 15,000 yuan, 25,000 yuan and 30,000 yuan, respectively. by the end of this year, the city will try to get an additional one or two academics to settle in shenzhen, zheng said.
