Overseas talents increasingly take up key posts in China state-owned firms

Overseas talents increasingly take up key posts in China state-owned firms

Chinese state-owned companies directly under the central government have hired more than 1,600 overseas employees, said Huang Shuhe, deputy director of the State Council’s State-owned Assets Supervision and Administration Commission, according to China Daily.

“International experts have helped these enterprises produce many of the world’s leading technologies and products with their own intellectual property rights, and that has laid a foundation that will carry the enterprises forward,” Huang was quoted by the paper as saying on Monday.

The Recruitment Program of Global Experts, started from 2008, has hired 136 high-level experts, the paper said.

Another recruitment program, started last year, aims to introduce up to 1,000 foreign professionals over 10 years to help spur innovation, promote scientific research and corporate management.

Zhang Jianguo, director of the State Administration of Foreign Experts Affairs. Told the paper the grogram has hired 94 people.

Professionals recruited by both programs will be entitled to subsidies, research allowances, favorable salaries, residency permits, medical care and insurance policies, the paper said.