The Beijing municipal government is easing visa policies and offering cash incentives of up US$158,000 to attract top class global talent to work in the capital, as China competes with the US and other countries in artificial intelligence and life sciences (biotech).
The local government will fast-track qualified individuals’ multiple entry visas valid for up to 10 years, offer permanent residency, also known as “green card”, which allows holders to buy property, cars and access to local schools, according to a statement on the local government website.
Partners at venture capital and private equity firms and entrepreneurs are among those that Beijing wants to attract, with senior management and professionals employed by multinationals and top firms from Hong Kong, Macau and Taiwan also in the mix.
Elite software engineers can make $200,000 to 400,000
A Google tech leads says most elite (Google, Amazon, Facebook, Airbnb etc…) software engineers make $200,000 and seniors can make $400,000.
L2 beginners for 3 months
L3 $156K/yr + signon bonus $50K (after 2-3 years promoted to L4)
L4 (4 year- solid engineer) $300K including stock
L5 Senior engineer could be terminal level. Leading teams. About $330-400K.
L7 Industry experts $800K+