Harbin subsidizes returnees starting businesses

Heilongjiang recently launched a project providing subsidies targeted at returnees who studied abroad. Qualified applicants will receive a subsidy valued at 50,000 yuan ($7,582.65) or 100,000 yuan.

There are two potential routes for receiving a subsidy, one for start-up businesses and the other for businesses with a registration time of less than five years. Subsidies of 100,000 yuan are available for startups, and 50,000 yuan is available for established businesses.

The subsidy program aims to boost the development of strategic emerging industries in Heilongjiang province, and promote scientific research.

The deadline for the project is Sept 25, detailed requirements for subsidy applications can be found on the official website of Harbin municipal human resources and social security bureau (https://www.hrblss.gov.cn).