Business perks draw overseas graduates (3)

Zhang Binlong, general manager of the government-owned Shenzhen Overseas Chinese High-Tech Venture Park, said he will grant subsidies of up to 1 million yuan ($160,000) to individuals to start their own businesses in the park. For teams, the amount can be up to 80 million yuan.

"We have a list of areas of interest, such as new material, new energy and environmental protection, and applicants' projects should be in line with the categories on the list," he said.

"Applicants must own intellectual property rights for their products, technologies or innovative projects."

Zhang said his park also provides financing and consulting services and favorable land-use policies for the business startup of overseas returnees.


In Suzhou, Jiangsu province, in addition to a subsidy of 1 million to 4 million yuan, the government grants a workplace of no less than 100 square meters to overseas returnees who start a business in one of the 17 industrial parks in the city.

The returnees also get 500,000 yuan to 2.5 million yuan in housing subsidies.

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