CNPC Innovation Fund for Skilled Talents Established

CNPC established the Innovation Fund for Skilled Talents in Beijing on May 13. The Fund aims to provide an integrated, full-process collaborative innovation model featuring "propose challenging projects – carry out research – deliver solutions – promote application", in order to pool innovative talent resources to better serve the frontline production.

The Fund will be operated through project management. 50 projects will be selected annually, and each project will receive RMB 200,000 in funding to promote innovation and profit-generation from frontline technical talents.