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… 

Shanghai unveils measures to boost cross-border trade

On June 27, Shanghai unveiled 31 new measures across five areas to boost cross-border trade via its ports by 2025. The policies, issued by the Shanghai Municipal Commission of Commerce and nine other departments, will be piloted through August. I. Streamlining regulations Shanghai will continue to… 

Shanghai promotes proof-of-concept platform development

Shanghai recently unveiled an implementation plan to develop high-quality proof-of-concept (POC) platforms centered on cutting-edge science and technology, future industries, and strategic emerging sectors. According to the plan, these POC platforms will play a pivotal role in the city's sci-tech … 

Shanghai ramps up measures to further attract investment

Shanghai has introduced a sweeping set of new policies aimed at strengthening its position as a premier destination for global investment. These initiatives were launched under the "Invest Shanghai" brand, focusing on enriching investment opportunities, streamlining services, and cultivating a mor… 

Shanghai unveils 9 measures to support internet content creation

As part of the city's broader effort to strengthen its cultural soft power, Shanghai has introduced a new policy package to bolster support for the creation of high-quality internet content. The initiative outlines nine key areas of support to foster a strong, innovative, and globally competitive … 

Shanghai charts path to 1,000 high-growth companies by 2027

Shanghai has launched a comprehensive initiative to build a thriving ecosystem for high-growth enterprises, aiming to foster more than 1,000 such companies by 2027, authorities announced on July 9. This marks the first time the city has introduced tailored support policies aligned with distinct st… 

Huangpu aims to be global jewelry fashion hub

Huangpu district has released an action plan to develop the Shanghai International Jewelry Fashion Functional Zone, positioning the zone as a future global hub for the jewelry-driven fashion industry. Effective from July 1, 2025 through June 30, 2028, the plan outlines 24 key initiatives across fo… 

City unveils action plan to expand departure tax refund

The Shanghai Municipal Commission of Commerce and five other departments jointly issued an action plan on July 3 to enhance the city's departure tax refund environment and increase tax-free spending by overseas visitors. Key goals by 2027 ➤ More tax refund stores: ·Over 3,000 tax refund stores an… 

Shanghai unveils measures to boost vitality of commercial areas

To further enhance the vibrancy of commercial areas across the city, the Shanghai Municipal Commission of Commerce, in collaboration with six other government departments, released the Several Measures on Enhancing the Vitality of Commercial Areas in Shanghai on May 30. Here are the key points: 1.… 

Shanghai promotes its software, information services

Shanghai recently introduced a series of measures designed to boost the high-quality development of its software and information services industry — harnessing the sector's potential as a driving force for stable economic growth in the city. The measures — in effect from July 1, 2025 to June 30,…