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From a flat to 1 bln yuan:Districts vie for talents
Guangzhou’s rise as a global city has been recognized by an increasing number of international authorities.

Updated:1496999910Source:SilkRoadPost

Guangzhou’s rise as a global city has been recognized by an increasing number of international authorities. It was most recently upgraded to the “alpha” level — after Hong Kong, Beijing and Shanghai — among the top 50 global cities in a ranking by the Globalization and World Cities Research Network (GaWC). In March, Guangzhou for the first time was listed as a world financial center by the Global Financial Centers Index (GFCI), ranking 37th among 88 international cities.

As Guangzhou climbs close to the top of a diverse set of global city indicators, the human resources sector plays a key role. A growing number of high-end talented individuals, from home and abroad, have been flocking to Guangzhou for work opportunities. The city is striving to build a welcoming environment for them and lure more to come.

In recent months, districts in Guangzhou have announced their own sets of new measures to attract talented individuals. From a 200-square-meter flat to a subsidy of up to 1 billion yuan, the race to lure talents among districts has moved onto the center stage.

Panyu district:

- At least 10 million yuan for providing industry leaders with support funds, subsidies and other services

- Over 50 million yuan for innovative startup programs

Huangpu district, Guangzhou Development District (GDD):

- A maximum of a 1 billion yuan subsidy and tailor-made supportive policy for outstanding talent programs

- 20,000 yuan housing subsidy for those with a bachelor’s degree who settle in the district

Yuexiu district:

- Comprehensive “settle down” package composed of household registration, a flat in the district, a place in public school and medical service

- A maximum of 10 million yuan support fund for top-end talented individuals

Nansha district:

- 10 million yuan housing subsidy or 200-square-meter flat for high-level talents, such as Nobel Prize winners and academicians of the Chinese Academy of Sciences and the Chinese Academy of Engineering, or from other developed countries

Haizhu district:

- A maximum of 1.78 million yuan fund granted for qualified innovative professionals

(By Wing Xie, Louis Berney)
Editor:Joanna You
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