Chengdu Hi-Tech Industrial Zone a Magnet For Global Talent
In Chengdu (China) -the hometown of the giant pandas, there is a world-class science and technology zone equivalent to Silicon Valley in the US and Sophia Antipolis in France – the Chengdu Hi-tech Industrial Development Zone (CDHT). Today, the city plays a vital role along the “Belt and Road” and the Silk Road Economic Belt, while Chengdu Hi-tech Development Zone has become a magnet for high-level talents from across the globe. Chengdu Hi-tech Industrial Development Zone has attracted more than 482,000 people and attracted Nobel Prize laureates such as J. Michael Bishop and Jack W. Szostak to carry out their innovative and entrepreneurial endeavors.
In December 2017 the “Golden Panda” talent plan was initiated. By 2025, Chengdu Hi-tech Industrial Development Zone will be positioned as a hub for global flow of talent, and every year at least USD 100 million will be allocated for the recruitment of talent from around the world. Meanwhile, the city of Chengdu also unveiled twelve policies, including a “green card for talent” in July 2017 which attracted top talent to Chengdu within five months.
The “Golden Panda” talent plan has beneficial policies such as introduction of talent, support for innovation and entrepreneurship platforms, investment and financing aids, overseas talent, offshore innovation and entrepreneurship assistance, and accommodation assurance for human resources. At present, more than ten industrial development funds totaling over RMB 100 billion have already been set up. In addition, one-stop service is also provided for overseas talent in areas such as household registration, healthcare, residence status and application of entry and exit documents.
Other initiatives include “Offshore Innovation and Entrepreneurship Base for Overseas Talent” introduced in the United Kingdom, the United States and Germany; based on human resources requirements in primary industries in Chengdu Hi-tech Industrial Development Zone, a total of twenty-seven “Tianfu Talent Recruitment-Overseas Trips” have been organized for enterprises; and construction for the International Talent City, an entity that provides full-spectrum agent services for high-level domestic and foreign talent engaged in innovative and entrepreneurial undertakings, has been completed.
Chengdu Hi-tech Industrial Development Zone, is one of the six hi-tech industrial zones in China, promoted by the Ministry of Science and Technology of PRC to become a “world-class industrial park” alongside Zhong Guan Cun in Beijing, Zhangjiang Hi-tech Park in Shanghai and the Shenzhen Hi-tech Industrial Park (SHIP); it is also the permanent host of the EU-China Business & Technology Cooperation Fair, which has already been held in the Zone for twelve consecutive sessions.
Chengdu Hi-tech Industrial Development Zone has more than a thousand foreign-funded enterprises including over a hundred Fortune Global 500 corporations like Intel, Global Foundries and Maersk, and total trade amounting to approximately USD 23 billion. In April 2017, Chengdu Hi-tech Industrial Development Zone was confirmed as one of the Pilot Free Trade Zones in China.
The Chengdu Hi-tech Industrial Development Zone has also partnered with Singapore and Cuba in the establishment of international collaboration projects such as the Singapore-Sichuan Hi-tech Innovation Park and China-Cuba Biotech Industry Park, while plans are under way for strategic cooperation with industrial parks in Silicon Valley, Tel Aviv, Sofia, Bangalore and other regions worldwide to jointly establish internationalized entrepreneurial service platforms that incorporate consulting, training, funding and incubation in one.