'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… 

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… 

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… 

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 …