Chongqing - Jin Yongjie, a member of the Chongqing Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC) and Deputy Secretary of the Chongqing Municipal Financial Work Party Committee emphasized his focus on strengthening the regulation of pension institutions, expanding financial services for pensions, and addressing risks related to illegal financial activities at this year's Chongqing Two Sessions.

Jin Yongjie is a member of the Chongqing Municipal Committee of the Chinese People's Political Consultative Conference (CPPCC) and Deputy Secretary of the Chongqing Municipal Financial Work Party Committee. (Photo/Jin Yongjie)

An expert in consumer finance, Jin has long been dedicated to addressing the challenges of attracting and nurturing high-caliber talent in Chongqing. His efforts have been instrumental in creating a more welcoming environment for professionals. 

Wang Yanmin, an executive at Ant Consumer Finance, exemplifies the success of these initiatives. After relocating to Chongqing in June last year from Shanghai, where she lived for over a decade, Wang quickly adapted to the local lifestyle, developing a taste for the city's renowned hotpot and noodles. 

Within six months, Wang had also transferred her social security, housing fund, and pension insurance to Chongqing- a move that many national company executives had previously been hesitant to make.

"Chongqing's talent welfare policies are getting better, and many friends around me have stayed in Chongqing," Wang said. Unbeknownst to her, this change was influenced by Jin's suggestion.

Despite the growing number of leading consumer finance companies establishing a presence in Chongqing, Jin expressed concern that many executives have not fully settled in the city, either by not officially registering as residents or by continuing to pay social security elsewhere.

Jin Yongjie (second from right) visits a financial institution for research. (Photo/Jin Yongjie)

Jin worries that without rooting talent firmly in the city, there is a higher risk of future talent loss, a challenge not limited to the financial industry alone.

In recent years, the Chongqing government has introduced a series of high-level talent attraction policies. These policies provide robust support in funding, research projects, and housing, yielding positive results.

"But there is still a need to continue to work hard in some areas," he said. Specifically, policies aimed at attracting talent to key industries, like the "416" strategic layout for science and technology innovation, the "33618" modern manufacturing cluster system, and modern finance, require further enhancement to accelerate talent aggregation.

After extensive research, Jin authored the suggestion. Compared to leading regions, the document analyzed the current gaps in attracting talent to Chongqing's key industries, particularly in innovation and entrepreneurship support, market access, and public services. It proposed optimizing the talent innovation ecosystem and strengthening the cultivation of mid-to-high-end professionals.

Three months after submitting the suggestion, Jin received a positive response from the Organization Department of the Chongqing Municipal Committee of the CPC. Collaborative efforts led to the realization of several key initiatives. 

The Ministry of Human Resources and Social Security, along with the Sichuan and Chongqing provincial governments, jointly released the "Chengdu-Chongqing Economic Circle Urgently Needed and Shortage of Talent Directory," promoting the synergistic development of talent within the region. 

Financial products such as Talent Loan, Talent Insurance, and Talent Guarantee were launched, providing over 5 billion yuan (USD 682.5 million) in operating credit loans to talent-driven enterprises and more than 1.3 billion yuan in insurance coverage.

On the last day of 2024, Chongqing launched the "Talent Innovation and Entrepreneurship Board" at the Chongqing Share Transfer Center. The platform provides tailored capital and funding services to talent-led enterprises. On its first day, 21 companies were listed, marking a key step in the city's talent-driven economic strategy.