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strategy

2019 China-New Zealand Year of Tourism: Things to know

A mix of academics, policymakers, tourist attraction agencies and operators came ...

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finance

Beijing and Shanghai Remove Bank Account Approval Requirements

Beijing and Shanghai are the latest cities to remove the permits required for opening ...

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profile

Mayor Phil Goff honoured at HSBC NZCTA China Business Awards

New Zealand-China Council Award for Outstanding Contribution to the New Zealand-China ...

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commentary

China’s SOE Reforms: What the Latest Round of Reforms Mean for...

China’s SOE Reforms: What the Latest Round of Reforms Mean for the Market ...

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general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

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China Grants Foreign Talents Permanent Residence Permit

Profile

On July 1, the Shanghai Public Security Bureau Entry & Exit Department released a new regulation, relaxing the requirements for eligible foreign talents (experts) to obtain permanent residence permits. These individuals need to meet the following criteria:

Yearly income of over RMB 600,000 (US$97,000)

Yearly income tax of over RMB 120,000

Have worked in Shanghai for more than four consecutive years, and spent no less than six months of each of the four years in China

Besides, foreigners employed by any of the 3,500 firms listed on the official website of the Shanghai Science and Technology Commission will also be allowed to apply for the permanent residence permit. Previously, only foreigners hired as senior executives in high-tech industries and professors at academic institutions were eligible to apply for a permanent residence permit in China. Furthermore, foreign students who have graduated from Chinese universities may apply for a private affair’s residence permit with “entrepreneurship” for two years.

China Briefing