Hohhot city moves to lure university graduates
Hohhot city – capital of North China's Inner Mongolia autonomous region – has made substantial progress in recruiting university and college graduates to work there and is also promoting sci-tech innovation.
The metropolis is said to be attaching great importance to getting qualified young people and has taken the lead in the autonomous region in implementing measures, such as housing projects for graduates.
It has launched a program aimed at bringing in 100,000 university graduates to find employment there. To that end, it has successively introduced support policies for graduates to buy houses at half price, secured loans for entrepreneurship and offered one-off entrepreneurship subsidies, providing a full range of guaranteed services for graduate employment and entrepreneurship.
Furthermore, the city plans to boost the issuance of guaranteed entrepreneur loans for graduates. The idea is to provide loans below 100,000 yuan ($14,950) for business start-ups and loans of up to 500,000 yuan for graduates, as well as total grants of 50 million yuan to graduates throughout the year.
A series of job fairs have been launched in the city, with more than 20,000 job opportunities offered by 1,224 enterprises in Hohhot's six major industries.
Hohhot has also optimized its talent policy and sorted out the city's 17 current policies to support the employment and entrepreneurship of college graduates, covering aspects including supporting enterprises to stabilize and expand their workforce and encouraging college graduates to start their own businesses.