City unveils major incentive policies to attract global talent
2026-03-30 20:03:49
By Chen Zai
Yichang announced two sets of preferential policies on March 30 during the Fifth Yichang “330” Three Gorges Talents Day event. The city aims to attract and support a wide range of talent, from top experts to young professionals, to thrive in Yichang.
Yichang announced two sets of preferential policies on March 30 during the Fifth Yichang “330” Three Gorges Talents Day event. The city aims to attract and support a wide range of talent, from top experts to young professionals, to thrive in Yichang.
On March 30, the Fifth Yichang “330” Three Gorges Talents Day event is held in Yichang.
Photo by Zhou Zhuoran
Photo by Zhou Zhuoran
Measures for Accelerating High‑Quality Talent Development in Yichang
According to the measures, the city will provide tiered funding of up to 100 million yuan (US$14.47 million) per recipient for Chinese Academy of Sciences academicians, national-level experts, STEM professionals, overseas talent, and STEM PhD graduates from top 100 universities ranked by QS or Times Higher Education.
The measures encourage the establishment of industry‑academician partnerships, academician workstations, and the local commercialization of research outcomes. Long‑term subsidies will also be offered to experts in key fields such as healthcare, education, culture, and sports.
To attract young talent, the city plans to host more than 500 recruitment events annually, release 100,000 job openings, and bring in over 80,000 professionals each year, supported by incentives such as talent apartments, free temporary housing, home‑purchase and rental subsidies, and living allowances.
These new initiatives also introduce fault‑tolerant exemptions, along with job support for spouses and children of incoming talent, to further enhance recruitment.
Young Entrepreneur ‘Power Bank’ Action Plan
The “Power Bank” Action Plan outlines end‑to‑end support for young entrepreneurs, covering workspace, funding, and risk protection.
It includes rent‑free offices, start‑up subsidies, potential investment from newly established large venture funds, low‑interest loans, seed funding, and tiered stipends for entrepreneurs of various educational backgrounds. The plan also promises institutional tolerance for failure and guarantees job placement if start-ups do not succeed.
Both initiatives will take effect immediately for a five-year period, aiming to strengthen key local industries through high‑quality talent development and youth entrepreneurship.
Reporter Yang Xue contributed to this stroy.
