Shanghai tries to lure professionals with incentives package

SHANGHAI: The Pudong New Area district, this city's financial and IT center, is seeking to attract talented people by offering a host of incentives, Huang Zhong, vice-director of the district's personnel bureau, said on Monday.

Individuals employed as senior financial or IT executives will be entitled to relocation compensation, low income tax, subsidized medical insurance, and housing close to their offices, Huang said.

Companies will also be subsidized for recruiting, training, as well for renting accommodation for their new employees, he said.