Shanghai has approved the first work permit for an international student who has just graduated, initiating the city's new policy aimed at attracting and retaining global talent.

The policy eliminates the requirement of at least two years of work experience for foreign students who graduate from Shanghai universities with a master's degree or above and seek a job in the Shanghai Pilot Free Trade Zone or the Zhangjiang National Innovation Demonstration Zone.

"Through my intern experience, in which I learned business practices in this international financial center and the diligence and wisdom of the locals, I found that getting a job here would be a win-win option," said Albert Saputra, 26, from Indonesia, who will receive his two-year permit in seven days.