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Hangzhou launches country's first entrepreneurship and innovation park for int’l talents

By Du Mingming (People's Daily Online)    16:59, July 25, 2017

(Photo/zj.people.cn)

The success of last year’s G20 Summit has greatly increased the host city Hangzhou’s international reputation. More and more foreigners want to get to know the city and have plans to work and live there. Hangzhou welcomes global high-level talents and is actively exploring new preferential measures for talents’ businesses and innovations.

The commencement ceremony of the Entrepreneurship and Innovation Park for International Talents in Hangzhou was held on July 24, 2017. As the first such park in China, it focuses on introducing global high-level talents with technologies, projects and fund and developing a batch of wholly foreign-owned or Sino-foreign equity joint venture high-tech enterprises and financial institutions.

In recent years, Hangzhou has already introduced 25,000 high-level overseas returnees and 15,000 foreign talents. Foreigners have registered or have legal rights to more than 4,980 enterprises, mainly in information, bio-medicine, business management, and trade.

Zhang Jianguo, administrator of China’s State Administration of Foreign Experts Affairs (SAFEA), noted that the opening of the park is a leading move for Chinese cities to introduce global talents.

SAFEA signed a memorandum with Hangzhou’s municipal government at the ceremony to further explore ways to improve international talents management and services and jointly build a global talents platform.

Swiss man Lucas Rondez is a typical “expat living in Hangzhou” example. He came to China in 2015 and started his own business in the Binjiang District. “We all consider Hangzhou a paradise for startups. The city has all necessary elements for staring a new business, including good market, enough talents, strong innovation ability, and good living quality.” At present, Rondez’s smartphone app “nihao” has some 150,000 loyal users. The app is of great help for expats living in China.

Gongshu District, Xihu District, and Gaoxin (Binjiang) District will be the three pilot regions for the construction of the park, which will introduce talents and projects in advanced manufacturing, AI, Internet of Things, environmental protection, software, online finance, e-commerce, design, information, health, and cultural and creative industries.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Du Mingming, Bianji)

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