China’s Long-term Plan to Import Thousands of Highly-Qualified Foreigners

By Dezan Shira & Associates

Posted: 30th November 2012 10:09

With the recent issuance of the “Circular on Issues of Facilitating Visas and Residence Permits for Highly-Qualified Foreigners’ Entry into China (MHRSS Circular [2012] No. 57),” more attention has been drawn to the long-term plan of China to import talented experts from abroad. Currently, the plan that the Chinese government gives the most preferential treatment to is the Recruitment Program of Global Experts (also known as the “Thousand Talents Plan,” hereinafter referred to as the “Plan”), which was initiated by the General Office of the CPC Central Committee in December 2008.

The Plan involves more than 10 state-level ministries and commissions, including the Ministry of Human Resources and Social Security, the Ministry of Science and Technology, the People’s Bank of China, the Ministry of Industry and Information, the Ministry of Foreign Affairs, the Ministry of Finance and so on. It is the intention of the Plan to attract thousands of foreign experts, or returning-Chinese talent, in the next 5 to 10 years to work in China and promote innovation and technological development primarily in the high-tech and financial industries. As of September 2012, there have been 2,793 foreign or returning-Chinese highly-qualified individuals that have been introduced through the Plan.

Candidates who are eligible for “highly-qualified” status in the Plan should be at or under the age of 55, and typically have a doctorate degree. Upon acceptance into the Plan, there is a required minimum period of 6 months each year working in Beijing. In addition, one of the following requirements should be fulfilled:
 
The application procedures shall be initiated by the universities, scientific research institutions, enterprises, or financial institutions in China which have reached a specific intention of employment with the candidates. For entrepreneurs who have already established companies in China, the application shall be submitted by the industrial park where the companies are located.

The final decision will be made by the Committee for the Recruitment Program of Global Experts, which is responsible for leading, organizing and coordinating the processes of the Plan.

More information is available at http://www.1000plan.org/.
 
 
Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
 
For further details or to contact the firm, please email info@dezshira.com or visit www.dezshira.com

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