Pudong's efforts to lure, and keep, foreign financial professionals

The Pudong New Area plans to introduce favorable policies to lure foreign financial professionals who can help make it into a leading international financial hub.

Pudong is considering allowing foreign financial professionals to open FTF accounts, which would facilitate them doing cross-border business in a more convenient way. 

Also, it is considering building apartments for foreign financial professionals and enabling them to enjoy health insurance bought overseas, it was revealed in a meeting held on Monday by the Pudong Financial Services Bureau.

“We will create an international financial hub to lure foreign financial professionals and improve our services to make them stay,” said Zhang Hui, deputy director of the bureau.

So far, Pudong is home to 300,000 financial professionals, many of whom have overseas backgrounds.