Wendy Zhang/ Shanghai Daily news

Shanghai has attracted a total of 4,743 overseas talents in the first half of this year, nearly fulfilling this year's target of 5,000 talents, according to the Shanghai Personnel Bureau.
Last December, the city completed the gathering of 10,000 overseas talents nine months ahead of schedule, and began to attract another 10,000 highly-qualified personnel in 2006 and 2007.
Among the 4,743 talents mainly aged from 26 to 45, 85 percent are from the UK, US, Japan, France, Germany, Australia and Canada, with nearly 90 percent having at least a Master's degree. For those from Hong Kong, Macau and Taiwan, more than 18 percent major in economic-related disciplines.
To date, more than 60,000 people have worked or created their own businesses in Shanghai after their overseas studies, accounting for one-third of that in China. Most of the academicians in the Chinese Academy of Sciences and Chinese Academy of Engineering have the experience of studying overseas.
People with overseas study experience have created more than 3,250 companies in the city, and Shanghai has become the city with the largest number of returned personnel in China.