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SIP enhances support for young talents to make innovations and start their own businesses |
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| SIP hosted a conference on Mar 14 with the aim of encouraging young talents to make innovations and start their own businesses and improving local living conditions for them.
At the event, SIP announced a three-year (2025-2027) action plan which comprises a series of incentives for young talents to engage in innovations and business operations in SIP. The “Youth Entrepreneurship Fund Group” was established, with a fund of RMB1 billion from Oriza Holdings and other investors for investment in young talents’ startup projects in different stages. Ten projects received investments from the fund on site.
Additionally, 10 young people received the “housing coupons”. Under the relevant policy, a talent who does not own a house in SIP and has paid into the social insurance fund in SIP for at least six months can get a “housing coupon” of RMB70,000 to 250,000 based on academic degree for buying a house from the designated residential quarters. |
Ten youth innovation and entrepreneurship bases were designated. Together with the Youth Venture Platform, they provide policy advice, services for project registration, financing and operation as well as settling-in services for young talents.
Several excellent apartment projects tailored for talents introduced into SIP received awards...[MORE]
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Subsidies provided to help young talents settle in SIP |
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Ten young people received the “housing coupons”at the conference held in SIP on Mar 14 for the purpose of encouraging youngtalents to make innovations and start their own businesses. The coupons willallow them to save tens of thousands of yuan when buying a house in SIP.SIP has been pushing forward the constructionof housing projects that provide high-quality apartments for non-local talentsat favorable prices. It announced the policy to provide the “housing coupons”earlier this year. Under the policy, a talent who does not own a house in SIPand has paid into the social insurance fund in S...
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RMB1 billion capital pool formed in SIP to support young people to chase dreams |
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Also at the conference on Mar 14, Dr. Li, whois going to graduate from Fudan University in Shanghai in June, received a fundof RMB300,000 for an AI project. The fund comes from the “Youth EntrepreneurshipFund Group” established by Oriza Holdings and other investors for the purpose ofbolstering startup projects launched by young talents. Eligible talents canapply for a fund of RMB300,000 to RMB1 million for a startup project from thecapital pool of RMB1 billion, and have the chance to expand the financialsupport to RMB10 million at most by winning other forms of investment such asan Angel inv...
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RMB80,000 plus RMB250,000: SIP offers substantial benefits to young talents |
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SIP is attracting highly educated talents withsubstantial benefits. Dr. Lu Ying, a returnee from University College London,is one of the beneficiaries. After only two years of work in a tech company,Lu bought a house in SIP earlier this year with a housing subsidy of RMB250,000.“I learned about the housing coupons late lastyear. It is simple to apply for, and I soon received the coupon,” said thegirl, who will move into her new home in May.Additionally, as one of the talents urgentlyneeded in the key industries of SIP, Lu has received an annual living subsidyof RMB40,000 for two consecutive ...
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2,200-plus jobs to offer young people chances to pursue their dreams |
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A job fair targeting college students was heldin SIP on Mar 14, kicking off SIP’s 2025 spring on-campus recruitment program. The job fair was bustling, with long queuesforming in front of many companies’ booths.“I learned about the job fair from a socialmedia. My sister works in SIP, and I have learned a lot about the vitality andopportunities here,” said Yue Guozhen, a graduating student majoring in communicationengineering at Yantai University in Shandong province.The event was the opener of the “SIP JobsExpress” spring on-campus recruitment program. The recruiters from companies inSIP...
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