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Shanghai wants to become the new capital of start-ups

By 17 October 2017 One Comment

The Chinese metropolis tries to attract young foreign talents freshly graduated to become a world reference regarding technology and regarding innovation.

Becoming a technological world pole before 2030, it is the objective which gave itself the city of Shanghai.

In 2015, the municipality announced the implementation of supposed policies to attract foreigners eager to create their start-up in the city.

The site explains that numerous expatriates would have settled down in the Chinese metropolis since:

“There are no official figures indicating the number of companies created by foreigners in Shanghai, but we count 564 in Yangpu, district dedicated to the entrepreneurship and to the innovation.

The last figures of the national office of the statistics show that 215 000 expatriates coming from 167 countries work in Shanghai today, what makes it the Chinese city which welcomes most foreigners.”

According to Yang Jianrong, the director of the council for the promotion of the international trade in Shanghai, the city has everything to attract new talents.

“It is going to continue, especially knowing that Shanghai continues to announce measures to welcome more easily the expatriates and to soften the conditions to obtain the permanent resident status. We want to persuade all the talents of the world to come join us.”

New foreign graduates who want to work in Shanghai can aspire to a visa for two years. It is enough to present a copy of its diploma and to explain your start-up project.

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