Shanghai Eases Permanent Residency Rules for Foreigners

Yicai: 上海拿绿卡门槛低了

New rules include 600,000 yuan or more in income over 4 years ($25,000). Foreign talent, entrepreneurs will be favored.

About 4% of top talent in Lujiazui is foreign. The numbers would be higher, but the main barrier is government rules. There are 90,000 to 100,000 foreigners working in Shanghai, but only 2400 have permanent residency.