'Packaging and coding' pilot for tax-free shopping

Shanghai has launched a new "packaging and coding" pilot program designed to make tax-free shopping faster and more convenient for overseas visitors. The service is available at designated pilot stores in the city. After shopping Pilot stores will pack your eligible tax-refund goods in a transpare… 

Shanghai revamps fund rules to boost MNC regional headquarters (2025)

The Shanghai Municipal Commission of Commerce and the Shanghai Municipal Bureau of Finance issued the revised Measures of Shanghai Municipality to Manage the Fund for the Development of Regional Headquarters of Multinational Companies on Aug 27. The measures are effective from Sept 1, 2025, throug… 

Lin-gang unveils plan to build global data processing hub

In an ambitious effort to establish itself as a premier data processing hub, the Lin-gang Special Area in Shanghai has unveiled a plan to step up construction of a leading site for international data connectivity and digital trade. The plan was also designed to accelerate the development of the Li… 

Initiative aims to boost Hongqiao Overseas Trade Center

The Hongqiao Overseas Trade Center is a key platform in the Shanghai Hongqiao International Central Business District, serving as a hub for international trade, economic cooperation, and business exchanges. To further enhance its functions, the Shanghai Hongqiao International CBD Administrative Co… 

Innovation vouchers boost Shanghai's tech scene

The Shanghai Municipal Commission of Science and Technology, in collaboration with the Shanghai Municipal Bureau of Finance, has revised the management measures for the city's sci-tech innovation vouchers. Effective from Sept 1, 2025 through Aug 31, 2030, these measures aim to stimulate innovation… 

Shanghai strengthens healthcare access with 18 new measures

Shanghai has unveiled 18 new measures to expand healthcare access, aiming to strengthen commercial health insurance and accelerate the adoption of innovative pharmaceuticals and medical devices across the city, authorities announced on Aug 6. The initiative, launched jointly by seven municipal bod… 

Shanghai fuels basic research with funding boost

Shanghai is intensifying its focus on fundamental research, rolling out new policies and financial incentives to encourage corporate investment and drive technological innovation. Announced on Aug 4, these initiatives include direct financial subsidies for companies investing in basic research, sy… 

Huangpu launches upgraded talent incentive policies

Huangpu district has introduced a new policy package to bolster its professional and high-skilled workforce, offering targeted subsidies, expanded training support, and incentives for competitions. Enterprise apprenticeship training Local employers can now receive subsidies for running new apprent… 

Shanghai pushes to become carbon market leader

Shanghai has unveiled a sweeping action plan to revamp its carbon market, aiming to establish an internationally recognized carbon trading hub between 2026 and 2030. The initiative outlines a series of measures designed to refine the existing carbon emissions trading system and incentivize volunta… 

Shanghai to expand AI application by subsidizing computing power, LLMs, and more

The Shanghai Municipal Commission of Economy and Informatization recently issued several measures to further broaden the application of artificial intelligence and boost the development of the city as an AI powerhouse. The key points of the measures are as follows: 1. Offer computing power voucher…