Notice from the Municipality Committee of Foshan Government on the Issuance of "Opinions on Deepening the Reform of the Institutional Mechanism for Talent Development" (FoFa [2018] No. 2)
11 January 2018
The Municipality Committee of Foshan Government enacted the "Opinions on Deepening the Reform of the Institutional Mechanism for Talent Development" on 11 January 2018. The Ministry of Finance would invest in no less than RMB 100 million to attract both local and overseas top management personnel. Recognised top management personnel can receive living allowances ranging from RMB 2 million to RMB 4 million.
Abstract
The Municipal Committee of Foshan enacted the "Opinions on Deepening the Reform of the Institutional Mechanism for Talent Development" on 11 January 2018. The talent reform measures mainly include the following:
Increasing the subsidies offered to attract talents
Technological innovation teams:
- Eligible technological innovation teams in Foshan municipality can receive subsidies of RMB 2 million to 20 million.
- Eligible technological innovation teams in Guangdong province can receive subsidies of half of their expenses.
Overseas top level personnel:
- Talents from the "Changjiang Scholars Program" and "Thousand People Program" can receive up to RMB 4 million housing allowance.
- Talents from the "Pearl River Talent Recruitment Program" can receive up to RMB 3 million housing allowance.
- Talents from eligible higher education institutes can receive up to RMB 2 million housing allowance.
Doctorate and post-doctorate talents:
- Each person can receive up to RMB 200,000 housing allowance.
Top-level professional and technical talents:
- Eligible persons can receive housing allowances ranging from RMB 200,000 to RMB 300,000.
Intermediate level professional and technical talents:
- Eligible persons can receive rental subsidy of RMB 9,000 per year.
Talent referral programme
- For those who refer a state-level talent to Foshan can be awarded RMB 100,000.
- For those who refer a provincial-level talent to Foshan can be awarded RMB 50,000.
- For those who refer an innovative entrepreneurial team to Foshan can be awarded RMB 200,000.
Nurturing talents scheme
- Eligible youth entrepreneurial talents can receive up to RMB 100,000 to 1 million allowances on top of their salary, which will be distributed in three years in the ratio of 40%, 30% and 30%.
- Eligible technician talents can receive financial subsidies from RMB 500,000 to RMB 2 million.