PREFACE

Theyear2024marksthe75thanniversaryofthefoundingofthePeople’sRepublicofChinaandisacrucialturningpointtoadvancethe14thFive-YearPlan(2021–2025).Shanghai,locatedattheestuaryoftheYangtzeRiverinEastChinaandfacingthePacificOcean,haslongbeenattheforefrontofChina’sopening-up.FromthedevelopmentofPudongNewAreatosuccessfulsessionsoftheChinaInternationalImportExpo(CIIE)andestablishmentoftheLin-gangSpecialArea,theseremarkableinitiativeshavehelpedshapeShanghai’svibeofopenness,innovationandinclusiveness,makingitanepitomeofChina’sthrivingprogress.In2024,byaligningwithnationalstrategiesforhigh-qualitydevelopmentandtheformationofanewdevelopmentpattern,ShanghaiwillredoubleeffortstospearheadChina’sreformandopening-up

endeavorsandinnovation-drivendevelopment.

Shanghaihasbeencommittedtostrengtheningbothdomes-

Shanghaihasbeenmakingsteadyendeavorstopromote

ticandinternationalconnectionsandenhancingitscapacity

higher-levelopening-upwithafocusoninstitutional

throughthe“FiveCenters”initiative,andhasseenthecon-

opening-upandbuildaworld-classbusinessenvironment.

vergenceofgoods,capital,talent,scienceandtechnology,

Shanghaihasalwaysbeenoneofthemostfavorabledestina-

andothercutting-edgeresources.Thecity’soverallstrengthas

tionsforforeigninvestmentandformultinationalcompanies

aninternationaleconomiccenterhascontinuouslyincreased,asev-

todeveloptheirglobalsupplyandindustrychains.In2023,

idencedbyanation-leadingGDPofoverRMB4.7trillionandacom-

thepaid-inforeigncapitalexceededUSD24billion,surpass-

binedvalueofRMB1.6trillionfromitsthreeleadingindustries,inte-

ingthethresholdofUSD20billionforfourconsecutiveyears.

gratedcircuit,biomedicine,andartificialintelligencein2023.Shanghai

ShanghaiishometoChina’sfirstpilotfreetradezone(FTZ)in-

hasalsoexpandeditsopening-upasaninternationalfinancialcenter,

auguratedoveradecadeago,andnowitisstrivingtobuildthe

rankingNo.1globallyinthetotalamountoffinancialmarkettransac-

pilotFTZintoanationaldemonstrationzoneforinstitutional

tions.Furthermore,ithasstrengtheneditsglobalconnectionsasan

opening-up.Fromthe“Teslaspeed”totheevenfaster“Moder-

internationaltradecenter,contributingover40%toChina’stotalport

naspeed”,Shanghaiisdedicatedtoquickeningitsinvestment

importvalueofconsumergoods.Establishmentofthecountry’sfirst

approvingprocedures.TheActionPlanofShanghaiMunicipality

“SilkRoadE-commerce”CooperationPilotZoneandtheShanghai

onOptimizingtheBusinessEnvironmenthasbeeniteratedfrom

EasternHubInternationalBusinessCooperationZonewillfurtherce-

version1.0to7.0,whichinvolvestheimplementationofover1,000

mentitspositionasaninternationaltradepowerhouse.Inaddition,

reformmeasures.Allthesedemonstratethecity’sstrongcom-

Shanghaihasbeenenhancingitsroleasaninternationalshipping

mitmenttooptimizingitsbusinessenvironmentandachieving

center,anditsfunctiontonurturebreakthroughsasaninternational

higher-levelreformandopening-up,anditisexpectedtodeep-

scienceandtechnologyinnovationcenterhasbecomeincreasinglymoreprominent.Itboastsover100national-levelcorporatetechnol-

enandrefineeffortstofurtheropenup.

ogycenters,remainingamongthetopinChina.

Shanghaihasbeenpushingforwardindustrytechnology

Shanghaihasalwaysresolutelystrivedforgreaterachieve-

upgradingdrivenbysci-techinnovationtobuildupnewmo-

mentswithafutureofglobalconnectivity.Leveragingits

mentumforhigh-qualitydevelopment.Inrecentyears,Shanghai

uniquegeographicaladvantagesandthrivingindustrialandcom-

hasenhanceditseffortsinthetop-leveldesignofbasicresearch

merciallandscapes,thisbustlinginternationalcitywillcontinue

andindustry-university-researchintegrationtobetterunderpinkey

toadvancethe“FiveCenters”initiativeandstrengthenits“Four

infrastructureprojectsandscientificplatforms,leadingtoanumber

Functions”tofurtherdevelopitselfasacentralnodeforChina’s

of“world’sfirst”breakthroughsin2023incrucialsectorsoffunda-

domesticeconomiccirculationandastrategiclinkconnectingdo-

mentalscience.Asaninnovationhub,Shanghaihaswitnesseda

mesticandinternationalmarkets,eventuallybecomingamodern

widerangeofsci-tech-empoweredaccomplishments:China’sfirst

socialistinternationalmetropoliswithglobalinfluence.Shanghai

domestically-madelargepassengerjetC919completeditsfirstcom-

willremaincommittedtopeople-orientedurbandevelopment

mercialflight;thedomestically-builtlargecruiseship“AdoraMagic

andrenewaltodriveitsgrowthasamegacity,whereoptimized

City”setsail;thecountry’sfirsthomegrownprotontherapysystem

resourceallocation,enhancedlandcarryingcapacity,andhigh-

wasapprovedformarketuse;andtheworld’sfirst2-meter-longPET-

er-leveldevelopmentaretobemadepossible.Throughthese

CTmolecularimagingdevicemadeitsinternationaldebut.

efforts,thecitywillfullyexertitsleadinganddemonstrativeroleintheChinesepathtomodernizationandserveasaglobalgatewaytothepromisingmodernChina.

02SHANGHAIFOREIGNINVESTMENTGUIDESHANGHAIFOREIGNINVESTMENTGUIDE03

ASocialistCulturalMetropoliswithInternationalInfluence

AnInternationalScienceandTechnologyInnovationCenter

No.1sofShanghai

Theworld’slargestsingle-buildingsatellitehall

–SatelliteTerminalinShanghai

Theworld’slargestintegratedtransportationhub

–HongqiaoIntegratedTransportationHub

Theworld’slongestfullyautomatedmetrolines

–ShanghaiMetroSystem

PudongInternationalAirport

Marathon

Theworld’shighestverticalmarathon

–2023ShanghaiTowerVertical

Thecitywiththelargestnumberofcoffeeshopsintheworld

Theworld’slargestplanetarium

–ShanghaiAstronomyMuseum

Theworld’slargestundergroundmusictheater

–ShanghaiCultureSquare

02SHANGHAIFOREIGNINVESTMENTGUIDESHANGHAIFOREIGNINVESTMENTGUIDE03

AGlanceatShanghai

LocatedinEastChinaandatthemidpointofChina’scoastlineandtheestuaryoftheYangtzeRiverandtheHuangpuRiver,Shanghai(alsocalled“Hu”or“Shen”inChineseforshort)isoneofthemosteconomicallydynamic,open,andinnovativecitiesinChina,hometoabout25millionpermanentresidentsin16districts.

HashtagsofShanghai

AnInternationalEconomicCenter

AnInternationalFinancialCenter

AnInternationalConsumptionHubCity

AnInternationalTradeCenter

AWorld-famousTouristCity

AnInternationalShippingCenter

AModernSocialistInternationalMetropolis

Positionedasamodernsocialistinternationalmetropoliswithglobalinfluence,Shanghaihascontinuedeffortstostrengthenits“FourFunctions”ofallocatingglobalresources,propellinghigh-endindustries,nurturingsci-techinnovationsandpioneeringChina’sexpandedopening-up.

AHighlandforGlobalResourceAllocation

AnIncubatorfor

Sci-TechInnovation

AHubofOpening-up

ADrivingForceofHigh-endIndustryDevelopment

1234

No.1

Nationallyinthenumber

ofheadquartersof

multinationalcorporations

(MNCs)

No.1

FundsraisedthroughIPOs

atShanghaiStockExchange

rank1stglobally

No.1

Globallyintotalfinancialtransactionvolumein2023

No.6

Inthe2023GlobalAssetManagementCenterIndex

2million+

Investorsandenterprises

acrosstheworldtrading

ontheShanghaiFutures

Exchange

47

Newly-addedlicensed

financialinstitutionsin2023

No.1

Nationallyinthecomputingpowerindex

No.1

InChina’sAdvancedManufacturingCitiesDevelopmentIndex

No.1

Nationallyinthetotalnumberof

provincially-certifiedenterprisesthat

usespecializedandsophisticated

technologiestoproducenoveland

uniqueproducts

~700

National-level“LittleGiant”

enterprisesthatusespecialized

andsophisticatedtechnologiesto

producenovelanduniqueproducts

43.9%

Ofthetotaloutputvalueofindustrial

enterprisesabovethedesignated

Sizecontributedbyindustrialstrategic

emergingindustries

30%+

Oftheinnovativedrugsnewlyadded

tothe2023nationalmedicalinsurance

coveragecatalog

No.3

IntheNatureIndexScienceCities2023

3

Shanghai-basednationallaboratories

50.2

High-valueinventionpatentsper10,000population

929

Majornationalsci-tech

projectshostedbyShanghai-

basedentities

187

AcademiciansinShanghai

fromtheChineseAcademy

ofScienceandChinese

AcademyofEngineering

800,000+

Professionalsinthethreeleadingindustries

No.1

Globallyincontainer

throughputfor14

consecutiveyears

No.3

Globallyinaircargoandmailthroughput

No.1

Globallyintotalporttradevaluefor2consecutiveyears

96.75million

Passengerthroughputbyairports

278

Destinationsworldwideconnectedthroughairports

3.80millionmetrictons

Aircargoandmailthroughput

04SHANGHAIFOREIGNINVESTMENTGUIDESHANGHAIFOREIGNINVESTMENTGUIDE05

04SHANGHAIFOREIGNINVESTMENTGUIDESHANGHAIFOREIGNINVESTMENTGUIDE05

World-classOpenEconomy

BasedonthefunctionalpositioningofShanghaiasaninternationalmetropolis,thecityfocusesontheimplementationofthe“Five

Centers”initiative,aimingtoimproveitscapacityandcorecompetitivenessinallaspects.

InternationalTradeCenter

International

FinancialCenter

International

ShippingCenter

International

EconomicCenter

InternationalSci-TechInnovationCenter

SoundEconomicPerformance

?ShanghaigeneratedaGDPofRMB4.72trillionin2023,ayear-on-yeargrowthof5.0%;

?Thepercapitadisposableincomeof2023recordedRMB85,000,withanincreaseof6.6%fromthepreviousyear,fasterthantheeconomicgrowth.

StrongDevelopmentMomentum

?ThetotalvolumeofthreeleadingindustriesreachedRMB1.6trillionin2023;

?ThetotaloutputvalueofindustrialstrategicemergingindustriestoppedRMB1.73trillionin2023.

VastGrowthPotential

?58majorindustryprojects,eachwithinvestmentworthofRMB1billionorabove,startedconstructionin2023;

?Thetertiaryindustryaccountedfor75.2%ofShanghai’sGDPin2023.

SignificantScaleEffect

?ThetotalturnoverofthefinancialmarketamountedtoRMB3,373.63trillionin2023,ayear-on-yeargrowthof15%;

?ThebalanceofdepositsandloansexceededRMB20trillionandRMB11trillionrespectivelyin2023.

FullRangeofFactors

?Hometo15financialfactormarketsandfinancialin-frastructureplatforms;

?ThenumberoflistedsecuritiesontheShanghaise-curitiesmarkethadreached33,725asoftheendof2023,increasedby3,615yearonyear.

CompleteTransactionSystem

?Housed1,771licensedfinancialinstitutionsasoftheendof2023;

?ThetotalvolumeofnorthboundtradingviaShang-hai-HongKongStockConnectsurpassedRMB59trillion.

Diversified

DevelopmentofTrade

?ShanghaiachievedRMB10.66trillionofporttradeintotalin2023,account-ingfor25.5%ofthenationaltotaland3.6%oftheworld’stotal;

?Theimportandexportvalueofbond-edgoodsincreasedby10.2%in2023,contributing26%tothecity’simportandexporttotal.

Alignmentwith

InternationalDevelopment

?Shanghai’stotalimportandexportval-uereachedRMB4.2trillionin2023,ofwhichRMB844.57billionor20.1%weregeneratedbetweenShanghaiandtheEU;

?TheGeneralPlanfortheDevelopmentofShanghaiEasternHubInternationalBusi-nessCooperationZonewasapprovedbytheStateCouncilinprincipleinFeb-ruary2024.

SustainedLeadershipandAdvancements

?Thecontainerthroughputofabout

49.16millionTEUswashandledin2023;

?Theworld’slargestcontainershipandtheworld’sfirst13,000TEULNGdu-al-fuellargecontainershiphavebeendeliveredinsuccession.

VastGlobalReachand

Impacts

?ThecontainershippingroutesviaShanghaiPorthavecoveredmorethan700portsinover200countriesandregionsaroundtheworld,withmorethan320departuresandarrivalsperweek;

?Theworld’smostinfluentialandlargestmaritimeprofessionalexhibi-tion–MarintecChina2023washeld;

?China’sfirst-evershippingindexfu-tureshasbeenlisted.

ClusteredSci-Tech

InnovationEntities

?Hometomorethan24,000high-techenterprises;

?15municipal-levelkeylaboratorieswerenewlyaddedin2023,totaling184.

AcceleratedTransformation

ofInnovativeAchievements

?Atotalof712high-techachievementtransformationprojectswerecertifiedin2023;

?4,638innovationachievementsweretradedatShanghaiTechnologyEx-changein2023,withatransactionvolumeofaboutRMB18.94billion.

ExpandingOpening-upinE-commerce

?Buildingacross-borderelectronicinvoiceinteroperabilityplatformthatconnectstoPan-EuropeanPublicProcurementOnline

(Peppol);

?Integratingwithglobaldigitalidentitystand-ardsystemssuchasGlobalLocationNum-ber(GLN)andLegalEntityIdentifier(LEI);

?Simplifyingtheexportcustomsdeclarationproceduresforcross-bordere-commerce.

EnhancingPerceptualExperienceofBusinessEnvironment

?“Businessenvironmentexperienceof-ficer”and“mediaobserver”schemes;

?Feedbackchannelssuchasroundtablemeetingsforforeign-investedenterpris-es,theservicehotlineforenterprises,andShanghaiEnterpriseServiceCloud.

Highlightsof“ActionPlan7.0onBusinessEnvironment

Optimization”

“Foreign-relatedServices”IncludedfortheFirstTime

FiveMajorActions

?Benchmarkingreformanden-hancementactions;

?Enterpriseservicesimprovementactions;

?Qualityimprovementactionsforlawenforcement;

?Regionalbenchmarkinnovationactions;

?Coordinatedeffortstobuildabusiness-friendlyenvironment.

06SHANGHAIFOREIGNINVESTMENTGUIDESHANGHAIFOREIGNINVESTMENTGUIDE07

TheFrontierofReformandOpening-upAnEver-optimizingBusinessEnvironment

AsthefrontierofChina’sreformandopening-upandaninternationalmetropolisdeeplyconnectedtotheworld,Shanghaihas

beenvigorouslypioneeringreformandopening-upmeasuresinallaspectswhiledeepeningall-roundreformandopening-up

Shanghaihasimplementedaseriesofpoliciesandmeasurestooptimizeitsbusinessenvironment,andpromoteandfacilitateforeigninvestment.Bybuildingaworld-classbusinessenvironmentthatismarket-oriented,law-basedandinternationally-recognized,

fromahigherstartingpointtoenhancedevelopmentmomentumandcompetitiveness.

ASpringboardforBuildingaNewDevelopmentPatternandaPlatform

ChinaInternationalImportExpo(CIIE)forPromotingHigh-levelOpenness

?ThecumulativeintendedturnoverexceededUSD420billion;

?The6thCIIEattractedparticipantsfromover154countries,regions,andinternationalorganizations.

PudongNewArea

DevelopingintoaPioneerAreaforSocialistModernizationwithHigh-

levelReformandOpening-up

?Published18localregulationscovering5areas,namelyimprovingbusiness

environment,promotingindustryupgrading,fosteringindependent

innovation,preservingtheecologyandenhancingurbangovernancein

PudongNewArea.

Lin-gangSpecialArea

ASpecialEconomicAreaofGlobalInfluenceandCompetitiveness

?Morethan500cutting-edgeindustryprojectssignedwithatotalinvestmentofoverRMB560billion;

?ImplementedChina’sfirstnegativelistforcross-bordertradeinservicesandpromisedtopilotexpandinginvestmentopening-upinfinance,value-addedtelecommunications,healthcareandculture.

HongqiaoInternationalOpening-upHub

ANewPlatformSupportingShanghaiasanInternationalTradeCenter

?Contributingnearly10%ofthetotaleconomicoutputofJiangsu,Zhejiang,AnhuiProvincesandShanghaiMunicipalitywithlessthan2%oftheircombinedarea*;

?Pioneeringtheimplementationofmultiplefirst-in-Chinapoliciesand

measures;

?CoordinatingwithcitiesintheYangtzeRiverDeltaregiontoshareresources

andpoliciesandco-buildplatforms.

“SilkRoadE-commerce”CooperationPilotZone

China’sMajorMeasurestoActivelyPromoteInternationalCooperation

inE-commerce

In2023,theStateCouncilapprovedinprinciplethePlanforEstablishingaPilot

ZoneforSilkRoadE-commerceCooperationinShanghai,includingatotalof19

tasksandmeasuresin3areas:

CreatingaPioneeringEnvironment

?Promotingbondedexhibitioninspecialcustomssupervisionareastoprovideone-stopimportservicesforenterprisesfrompartnercountries;

?Establishingglobaldistributioncentersforcross-bordere-com-

merce;

?Providingconvenienceforoversease-commerceprofessionals.

BoostingInternationalandRegionalExchangesandCooperation

?Establishingcooperativeresearchcenters;

?Holdingpromotionconferencesforchar-acteristicproductsandinvestmentbrief-ings;

?Buildingacross-borderserviceplatformtoprovidecross-borderfinancialservices,intellectualpropertyprotection,financialconsultingandotherservices.

*TheHongqiaoInternationalOpening-upHubcoversanareaof7,000km2with“onecoreandtwobelts”.The“onecore”referstoHongqiao

InternationalCentralBusinessDistrict.The“twobelts”referstothenorthernexpansionbeltwhichconnectsHongqiao,Changning,Jiading,Kunshan,

Taicang,XiangchengandSuzhouIndustrialPark,andthesouthernexpansionbeltwhichlinksHongqiao,Minhang,Songjiang,Jinshan,Pinghu,Nanhu,

HaiyanandHaining.

thecityaimstoenhanceitsappealtohigh-endresourcesathomeandabroad,injectingstrongimpetusforhigh-qualityeconomic

development.

ActionPlan7.0onBusinessEnvironmentOptimization

?ActionPlanofShanghaitoAdheretoBench-markingReformandCreateaWorld-classBusi-nessEnvironment,withatotalof150measures

ActionPlan5.0onBusinessEnvironmentOptimization

ImplementationPlanforInnovativeTrialsinBusi-nessEnvironmentinShanghaiMunicipality,withatotalof172measures

ActionPlan3.0onBusinessEnvironmentOptimization

?ImplementationPlanonDeepeningtheAll-roundDevelopmentofaWorld-leadingEnviron-mentforBusinessinShanghai

IssuanceoftheRegulationsofShanghaiMunicipalityonOptimizingDoingBusinessEnvironment

?ThefirstcomprehensiveandbasicregulationonShanghai’sbusinessenvironmentdevel-opment

ActionPlan1.0onBusinessEnvironmentOptimization

?ActionPlanforOptimizingBusinessEnviron-mentandAcceleratingtheDevelopmentofNew

SystemsfortheOpenEconomyinShanghai

2024

2022

2020

2018

2023

2021

2019

ActionPlan6.0onBusinessEnvironmentOptimization

ActionPlanforStrengtheningIntegratedInnovationtoOptimizeBusinessEnvironmentinShanghai,withatotalof195measures

ThesecondamendmenttotheRegulationsofShanghaiMunicipalityonOptimizingDoingBusinessEnvironment

?Explicitprovisionswereprovidedonpropertyrightsprotectionandcorporategovernance,intellectualpropertyrightsprotection,preferen-

tialenterprisepolicies,corporatefinancing,anddisputeresolution

ActionPlan4.0onBusinessEnvironmentOptimization

ActionPlanofShanghaiMunicipalityforEnhancing

theReformofSystemIntegrationandContinuously

StrengtheningtheDevelopmentofWorld-classBusinessEnvironment,withatotalof207measures

ThefirstamendmenttotheRegulationsofShanghaiMunicipalityonOptimizingDoingBusinessEnvironment

?Amendedinlinewiththelatestnationalre-quirements

ActionPlan2.0onBusinessEnvironmentOptimization

?ImplementationPlanonFurtherOptimizingBusi-nessEnvironmentinShanghai

?Integratingforeign-relatedservicere-sourcesandreleasingrelevantpoliciesinmultiplelanguages;

?Building“InternationalServicesShanghai”,astandardizedcollaborativeplatformforforeign-investedenterprises,andataskforcemechanismonmajorforeigninvest-mentprojects;

?Furtherfacilitatingtheprocessforforeign-erstoobtainresidenceandworkpermitsinChina.

OnJanuary13,2024,ShanghaireleasedtheActionPlanofShanghaitoAdheretoBenchmarkingReformandCreateaWorld-classBusiness

Environment(“BusinessEnvironmentOptimizationPlan7.0”).

08SHANGHAIFOREIGNINVESTMENTGUIDESHANGHAIFOREIGNINVESTMENTGUIDE09

2023

23.96

2022

22.55

2021

2255.

2396.

24.09

24.09

Paid-inForeignCapitalin2021–2023(inUSDbillion)

Highlighted

InvestmentAreas

Numberofnewly-

certifiedRHQsofMNCsin2023

65

AsaneconomiccenterofChina,Shanghaiisthemost-favoreddestinationforforeigninvestmentandatopchoiceforMNCstobuildglobalsupplyandindustrychains.Atpresent,thedevelopmentofMNCsinShanghaiisknownfor:

?Excellenceinthemanufacturingindustry,espe-ciallywiththeclusteringofwell-knownenterprisesinbiomedicine,integratedcircuit(IC),automobilemanu-facturing,andintelligentmanufacturing;

?Diversedistributionintheserviceindustry,witheconomiesofscaleachievedinwholesaleandretail,logistics,andinspectionandtesting;

?Rapidgrowthinthedigitaleconomyindustry,withanumberofworld-leadingdigitalcompaniesestablishingtheirpresenceinShanghai.

Totaling

956

ThetopthreeindustriesinShanghaithathavereceivedthelargestamountofpaid-inforeigncapitalsofarareinformationtransmissionsoftwareandITservices,leasingandbusinessservices,andscientificresearchandtechnicalservices,totalingUSD5.36billion,USD4.61billion,andUSD4.60billion,respectively.

Additionally,thepaid-inforeigncapitalinShanghai’shigh-techindustryincreasedby9.41%year-on-yearin2023,representing43.8%ofthecity’stotal,whiletheamountofprofitsreinvestedgrewby3.26times.

Totaling

561

In-depthConnectionswithGlobalResources

ChapterII

Paid-inforeigncapitalin2023

USD24.09billion

Arecordhigh

Newforeign-investedenterprisesin2023

6,017

Year-on-yearincreaseof38.3%

OutstandingCapabilitiesofRHQsofMNCs

Regional

Headquarters

(RHQs)ofMNCs

Numberofnewly-certifiedforeign-investedR&D

centersin2023

30

EnhancedAppealtoHigh-qualityForeignInvestment

Foreign-invested

R&DCenters

TwoTransformations

forTraditional

Industries

Greenandlow-carbontransformation

SixKey

Industries

Biosafety

Synthetic

biology

Gene&

celltherapies

Brain-com-

puter

interface

Intelligentcomputing

Artificial

general

intelligence

Extendedreality (XR)

Quantumscienceandtechnology

6G

tech-nology

Advanced

nuclearenergy

Aerospace

utilization

Newenergy

storage

Deep-sea

explorationandmining

Non-silicon

basedchip

materials

High-performance

composite

materials

High-end

membrane

materials

10SHANGHAIFOREIGNINVESTMENTGUIDESHANGHAIFOREIGNINVESTMENTGUIDE11

ModernIndustrySystem

TwoTransformationsforTraditionalIndustries

Shanghaiencouragesenterprisestoacceleratedigitalempowerment,decarbon-

izationandenergyreduction,andusehighertechnologywithlargeraddedvalue

toforgenewindustrystrengths.

Digital

transformation

PromotingtheIntegrationofAdvancedManufacturingandModernServices

Shanghaiiswell-positionedtoseizetheampleopportunitiesfromdeeplyintegrat-ingitscomprehensivelystrong,well-establishedandhighlyinnovativemanufactur-ingsectorwithitsleadingproducerservicesindustrywhichisrichinresources.

Promotingthe

IntegrationofAdvanced

Manufacturingand

ModernServices

Advanced

manufacturing

Modern

services

ThreeLeading

Industries

ThreeLeadingIndustries

Drivenbysci-techadvancements,Shanghaiisattheforefrontofindustryinno-vation.Thecityisconcentratingitseffortsonthreeleadingindustriestoachievemajorbreakthroughsincoretechnologies,speedupthecommercializationofinnovationachievements,andestablishworld-classindustryclusters.By2025,thescaleofthethreeleadingindustriesisexpectedtoreachRMB1.8trillion.

Integrated

circuit(IC)

Biomedicine

Artificial

intelligence(AI)

SixKeyIndustries

Shanghaistrivesforinnovativebreakthroughsinsixkeyindustries.By2025,thecity

isexpectedtoestablishfourRMB1trillion-worthclustersinelectronicinformation,

lifescienceandhealthcare,automobiles,andhigh-endequipment,andtwoRMB500

billion-worthclustersinadvancedmaterialsandmodernconsumergoods.

Electronic

information

Automobiles

High-end

equipment

Advanced

materials

Lifescienceandhealthcare

Modern

consumergoods

FourNewDevelopmentTracks

Shanghaihasdevelopedinvestmentpromotionplansforfournewdevelopmenttracks,whichareexpectedtobeworthoverRMB2trillionby2025.

Digital

economy

Newdigitalindustries,datare-sources,digitalinfrastructureandintelligentterminals

Intelligent

terminals

Intelligentconnectedvehicles(ICVs),AIrobots,VRinteractiveterminals,smarthomeappliances,intelligentwearablesandITappli-cationinnovationterminals

Greenand

low-carbonsectors

Newtechnology,processes,mate-rials,equipmentandenergy

Metaverse

Leveragingstrengthsin5G,datare-sources,applicationscenariosandonlineneweconomytoempowerthedigitaltransformationofecono-my,lifestyle,andgovernance

F