The third Conference of Great Business Partners is held in Jinan from March 28 to 30. [Photo/Dazhong News]

Shandong has been working to attract more talented returnees, with efforts made to improve the green channel for overseas students to find a job in the province or to start businesses.

Cities in Shandong have launched their own housing policies for overseas graduate returnees. For example, under the related policy in Qingdao, an economic powerhouse in Shandong, returning Chinese students can enjoy a rental allowance within two years of obtaining an overseas postgraduate degree. The rental allowance ranges from 800 yuan ($116.64) to 1,500 yuan a month.

To encourage overseas returnees to start their own businesses, Qingdao has introduced a series of preferential policies, covering entrepreneurship park office space renting, medical services, social security, and other aspects.

The innovation and entrepreneurship forum for talented returnees is held on March 29 during the third Conference of Great Business Partners. [Photo/Dazhong News]

To date, Shandong has introduced more than 100,000 returnee graduates, among whom 158 have won the Shandong Province Overseas Returnees Entrepreneurship Award.

There are 36 pioneer parks and 676 entrepreneurial enterprises for overseas students in the province, which generated a total revenue of 81.35 billion yuan in 2022.

To further optimize the innovation and entrepreneurship ecosystem of overseas returnees in Shandong, as well as to improve service quality and effectiveness, the Shandong Province Service Alliance for Overseas Graduates was established on March 29, during the third Conference of Great Business Partners in Jinan.