Talent policies to help transform Shanghai

To achieve its ambitions to become a global innovation and technology hub by 2030, Shanghai is going all-out to attract foreign talent to speed up its transformation.

Since June, the city government has introduced several beneficial policies such as providing permanent resident's permits for high-level overseas passport holders and offering subsidies to high-tech professionals.

One policy now means international students who obtain master's degrees at Chinese universities can instantly get work permits if they land a job with a company in the China (Shanghai) Pilot Free Trade Zone, while bachelor's degree holders who want to start a business can apply for two-year residence permits.