BEIJING, July 30 (Xinhua) -- Beijing will offer a slew of favorable conditions in household registration, housing, education and medical care to attract financial talent from around the world, as the country further opens up its financial market, according to local authorities.
The Chinese capital will offer subsidies for newly established foreign-invested financial institutions in buying or renting office buildings and offer rewards for financial innovations, according to Beijing Local Financial Supervision and Administration Bureau.
Each year there will be 10 innovative projects selected for a reward of 5 million yuan (727,431.44 U.S. dollars) each, according to the bureau.
The municipality will also set up a community of global talent, and help improve municipal services such as building more international schools and international hospitals for the global financial talent.
"With the new round of financial opening-up, Beijing has been gearing up for receiving more foreign-invested financial institutions and for serving their development," said Huo Xuewen, head of the bureau.
China announced last week that it will permit foreign-funded agencies to conduct credit rating business with all kinds of bonds traded in China's inter-bank and exchange market.
A single purchase
