Foreigners who obtain permanent residency will have the same pension, employment and property rights as Chinese citizens, under new regulations announced on Tuesday.
Access to schools for their children will also be on par with Chinese citizens the rules endorsed by central government departments in September state.
The only rights not afforded to "green card" holders are political rights.
Foreigners with permanent residency can participate in all aspects of social insurance and avail of the benefits.
There are five types of social insurance: endowment, medical, unemployment, work-related injury and maternity.
Green card holders are exempt from a restriction that does not allow foreigners who have worked or studied less than a year in China to buy property. They can also work in China without a work permit.
Their children, of a compulsory education age, can attend a school that is near their place of residence, and they will not be charged any fees except a statutory sum.
Foreigners who have permanent residency can enjoy simplified investment and registration procedures if they want to invest in or set up a business.
Cumquat market in S China's Guangxi