SHANGHAI, Jan. 29 (Xinhua) -- The biggest destination for Chinese students who have studied abroad and returned to China is Shanghai -- attracting one fourth of returning students, according to local authorities on Wednesday.

    Figures from the Shanghai Municipal Bureau of Human Resources and Social Security showed that about 75,000 returning students now work for -- or have started their own -- business in Shanghai.

    Currently, Shanghai boasts some 4,000 enterprises founded by returned students, with the total investment exceeding 500 million U.S. dollars.

    Among the academicians of the Shanghai Academy of Sciences and Shanghai Academy of Engineering, 102, or 60 percent, are returning students.

    A booming business hub, Shanghai has launched a project to gather the talents returning from overseas studies. It has vowed to provide better services in medicare, education, social security, among others.