Guiyang Economic and Technological Development Zone (GETDZ) and Huaxi district in Guiyang, capital of Southwest China's Guizhou province, have jointly issued 10 measures to attract college and university graduates for employment and entrepreneurship.
The college and university graduates in question are full-time undergraduate and postgraduate students that meet the policy requirements for fresh graduates, and are looking to find jobs or start businesses and pay social insurance in GETDZ or Huaxi.
Graduates with a bachelor's degree or above from outside the city who come to GETDZ or Huaxi to apply for a job can live at the "Dream Building Station" for seven days free of charge.
For fresh graduates with employment difficulties, priority will be given to providing employment assistance and subsidies for job hunting and entrepreneurship.
For fresh graduates who find new jobs and settle down in either of the two places, a living allowance will be issued, which will be cashed out in three increments - once after three months, once after six months, and once after one year of stable employment.
Those graduates who have not been employed within two years of leaving school and will work in micro and small enterprises will be given a maximum of one year's worth of social insurance subsidies.
GETDZ and Huaxi will guide the projects under construction in their jurisdiction to provide more than 2,000 houses and give graduates a first-time home purchase discount. The maximum discount can be purchased at 10 percent lower than the retail price.
Graduates living in high-level talent apartments will be given a rent subsidy of up to 70 percent, and the subsidy period will not exceed two years.
Those who start their first business in either of the two places will be given entrepreneurial subsidies and field rent subsidies within three years.
A guaranteed loan of up to 200,000 yuan ($29,606.56) for business start-ups will be provided as well.
In addition, excellent entrepreneurial projects such as new technologies, new achievements, and new processes that have won prizes in entrepreneurial innovation competitions or skills competitions at all levels will be given policy support by substituting awards for subsidies and discounting interest on loans.