Chengdu Hi-tech Industrial Development Zone (Chengdu Hi-tech Zone) : Investing USD 730 Million to Attract Global Talent

February?09, 2017 CISION PR Newswire


On February 5, 2017, Chengdu Hi-tech Zone, hailed?as the “Silicon Valley of western China,” announced its plan to raise the intensity and magnitude of?its talent-recruitment endeavor. By the end of 2020, Chengdu Hi-tech Zone will have invested an?accumulated RMB 5 billion (approximately USD 730 million) to entice and recruit talent from?around the globe, while another USD 1.46 billion will be newly added to augment the?competitiveness of its scientific and technological innovation system.

Spurred by the Chinese economy’s long-term and sustained growth and China’s continuous?increase in investment in high and new technology segment, a rising amount of international?talent is flocking to the central cities of China. Of note, this influx of worldwide human resources is?not only limited to first tier cities like Beijing, Shanghai and Guangzhou; as a substantial portion?have opted for “China’s new first-tier” cities like Chengdu in the western part of the country, while?hi-tech industrial parks have become a focal point for a large number of global talent.

Gan Lijun, in charge of the human resources department at Chengdu Hi-tech Zone, explained that?this year the zone will continue reinforcing cooperation with global innovation hubs such as Silicon?Valley, Tel Aviv and Sophie Antipolis. In particular, actions will be taken to strengthen the?establishment of an offshore overseas talent base, create mass entrepreneurship spaces and?offshore incubators with overseas “pre-incubation” functionality, and fortify exchanges with world-class educational institutions like Harvard University and Stanford University, so as to “emphatically?promote reform on the science and technology supply side, and attract talent from across the?globe”.

On December 30 last year, J. Michael Bishop Institute of Cancer Research was officially founded in?Chengdu Hi-tech Zone, with J. Michael Bishop being the fourth Nobel Prize laureate to establish a?presence in this area. Previously, Jack Szostak, Karl Barry Sharpless and John Gurdon, three other?Nobel laureates, have already been genuinely attracted to Chengdu Hi-tech Zone and have all set?up research institutes in the region to conduct and facilitate cutting-edge technical exchanges and?science and technology project collaboration.

Top-notch talent continually injects vitality into technical innovation here. In 2016, a team led by?Prof. Tang Yujian, one of the foremost global experts in regenerative medicine, changed the course?of development in regenerative medicine as they successfully transplanted into a rhesus macaque?monkey a blood vessel fabricated from their independently researched and developed 3D printer.?Li Jin, who stayed in the United Kingdom for 27 years and has acted as an executive at a leading?pharmaceutical company for almost a decade, came to Chengdu and founded Chengdu HitGen?Development Co., Ltd., which has become China’s number one and the world’s fourth-ranked?medicine screening and filtering “seed bank”. On January 10 this year, IDEALENS company from?Chengdu Hi-tech Zone participated in the International Consumer Electronics Show held in Las?Vegas by invitation, and showcased to global VR industry giants myriad leading-edge VR?technological innovations that have garnered widespread attention.

Although situated in inland China, the level of development of Chengdu Hi-tech Zone stands?shoulder to shoulder with those in the Chinese coastal region. According the latest data, in 2016?Chengdu Hi-tech Zone has GDP per capita exceeding USD 30,000; attracted a total of 12,700?science and technology companies and an accumulated 83,000 companies, of which more than a?thousand are foreign funded enterprises and 115 are Fortune Global 500 companies; and realized?about USD 23 billion in total trade.

At present, China is dedicating much of its effort to supporting the growth of “new economies,”?and as such Chengdu Hi-tech Zone has been tasked with more “national missions,” and confirmed?as a “national independent innovation model area,” “comprehensive innovation reform trial area”?and a core zone of the “free trade trial area”. Meanwhile, the Chinese central government has?upgraded the city of Chengdu to the status of “national central city” and assigned it the new?objective of becoming the “science and technology center of western China”. Chengdu Hi-tech?Zone is the pillar that underpins Chengdu’s endeavor in building a national central city and has?amassed the interest of an increasing number of international talent.


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