Quick Overview | The Minimalist Version of the 2026 Shanghai Municipal Government Work Report is Here

The 16th Shanghai Municipal People’s Congress’s Fourth Session opened at 9:00 a.m. today at the Expo Center. Mayor Gong Zheng delivered the “Government Work Report.”

This year’s Shanghai GDP growth target: about 5%

Mayor Gong Zheng delivered the “Government Work Report.” Gong said that, considering various factors, the main expected goals for this year’s economic and social development are: approximately 5% growth in the city’s gross domestic product, a 2% increase in local general public budget revenue, social R&D expenditure accounting for about 4.6% of the city’s GDP, urban surveyed unemployment rate within 5%, residents’ per capita disposable income growth maintaining roughly synchronized with economic growth, and a CPI increase of about 2%.

Shanghai: Accelerate the implementation of major industrial projects in integrated circuits, biomedicine, artificial intelligence, and other fields; actively support the development of intelligent connected vehicles, aerospace, satellite internet, and other industries

The report states that this year, Shanghai will deepen the construction of an international economic center. Focus on building a modern industrial system, continuously consolidate and expand the foundation of the real economy, carry out digital and green technological upgrades in industries like petrochemicals and steel, accelerate the implementation of major projects in fields such as integrated circuits, biomedicine, and artificial intelligence, actively support industries like intelligent connected vehicles, marine economy, low-altitude economy, aerospace, and satellite internet, cultivate characteristic digital industry clusters, and vigorously promote the expansion and quality improvement of the service sector.

Shanghai: Strengthen the system construction of the STAR Market to cultivate and expand long-term and patient capital

The report indicates that this year, Shanghai will cooperate with central financial management departments to advance financial system reforms, strengthen the system construction of the STAR Market, promote interconnection between interbank and exchange bond markets, explore the establishment of an offshore financial system, improve cross-border financial services, accelerate the development of an independent and controllable RMB cross-border payment system, and enhance the facilitation level of cross-border finance. It will also strengthen the construction of the Sci-Tech Innovation Board pilot zones, equity investment, M&A, and fintech clusters, and foster long-term and patient capital, improve the industry-finance linkage mechanism, and support more financial resources to expand domestic demand, technological innovation, advanced manufacturing, green development, and support for small and micro enterprises.

Shanghai: Vigorously develop future industries such as brain-computer interfaces and the fourth-generation semiconductors

The report states that this year, Shanghai will promote the construction of Lingang Sci-Tech City, accelerate the creation of high-level sci-tech communities, continuously enhance the capabilities of industrial parks like Dongfang Core Port and Large Aircraft Park, and vigorously develop future industries such as brain-computer interfaces and the fourth-generation semiconductors.

Shanghai: Support the development of new business formats such as cross-border e-commerce and used car exports

The report proposes that this year, Shanghai will build a national demonstration zone for innovative development of service trade, cultivate high-end design and R&D service trade, and support new business formats like cross-border e-commerce, bonded maintenance, remanufacturing, and used car exports.

Shanghai: “AI+” action to deepen with an addition of over 50 advanced intelligent factories

The report points out that this year, Shanghai will implement the “AI+” initiative in depth, strengthen the layout of computing power infrastructure, industry-specific corpora, and vertical models, promote the widespread application of new-generation intelligent terminals and agents, accelerate the intelligent transformation of key industries, add more than 50 advanced intelligent factories, and actively cultivate new models and formats of intelligent-native industries.

Shanghai: Deepen the reform of scientific and technological achievements to support R&D-driven economic development

The report states that this year, Shanghai will deepen the reform of fully empowering scientific and technological achievements, support concept verification platforms, pilot platforms, and high-quality incubators to enhance service levels, actively promote the cultivation and openness of economic and social application scenarios, strengthen the role of enterprises as the main body of technological innovation, improve the gradient cultivation system for innovative enterprises including SMEs, specialized and new enterprises, high-growth companies, and industry leaders, encourage enterprises to increase R&D investment, and promote the aggregation of innovation resources within enterprises. It will also support the development of the R&D economy, improve the scientific research management system, and enhance policies for emerging frontier technological innovations. Efforts will be made to upgrade the Zhangjiang Science City, the “Daliu No. Bay” function, and deepen the construction of innovation ecological demonstration zones like “Model Space” and “Model Community.”

Shanghai: Plan to complete the renovation of 200,000 square meters of old housing

The report shows that this year, Shanghai will implement urban renewal actions in depth. Accelerate the renovation and expansion of urban villages, fully launch comprehensive renovation projects, and ensure the resettlement of villagers. Complete the renovation of 200,000 square meters of old housing.

Shanghai Mayor reveals: Promote the construction of key cities for national football development

The report indicates that this year, Shanghai will implement a new round of national fitness plans, promote the planning, construction, upgrading, and multi-use of large public sports venues, host major events such as the UCI Road World Championships and the 18th Municipal Games, and support the development of sports industries like event economy and outdoor sports.

Shanghai: This year, formulate and implement an urban tourism innovation development plan

The report states that this year, Shanghai will develop and implement an urban tourism innovation plan, create world-class tourism brands such as the “One River, One Lake” waterfront tourism area, vigorously develop特色旅游 like red tourism, cultural and museum tourism, industrial tourism, ancient town tourism, and rural tourism, and expand the supply of multi-day tourism products. It will promote the construction of key projects in international tourism resorts, host the first Shanghai Tourism Strategy Competition, and innovate mechanisms for global city image promotion.

Shanghai: Cultivate and expand new cultural formats such as micro-short dramas and the metaverse

The report mentions that this year, Shanghai will promote major cultural industry projects, improve the cultivation mechanism for cultural enterprises, enhance policies supporting cultural and creative parks and the integration of culture and technology, continuously upgrade the capacity of film and television production, performing arts, creative design, and ultra-high-definition industries, and cultivate new formats like micro-short dramas and the metaverse.

Shanghai: Continue optimizing fertility support policies and incentives

The report reveals that this year, Shanghai will optimize fertility support policies and incentives, launch a new round of children-friendly city initiatives, improve the quality of kindergartens, vigorously develop inclusive childcare and integrated services for child care, and support community-based elderly care services. It will also strengthen professional training for elderly care workers and actively promote aging-friendly home renovations.

Shanghai: Strengthen core functions and continuously improve the level of the “Five Centers”

Mayor Gong Zheng said that Shanghai will deepen the construction of an international economic center, continue technological and green upgrades in industries like petrochemicals and steel, accelerate major projects in fields such as integrated circuits, biomedicine, and AI, support industries like intelligent connected vehicles, marine economy, and low-altitude economy, and promote service industry expansion and quality improvement. It will promote interconnection between interbank and exchange bond markets, explore offshore financial systems, and improve cross-border financial services. It will solidify the city’s role in the 9th China International Import Expo, expand the spillover effects, deepen the Silk Road e-commerce cooperation zone, and the digital economy partnership zone. It will accelerate the construction of a bulk commodity resource allocation hub, support new business models like cross-border e-commerce and bonded maintenance, deepen reforms of the Shanghai Shipping Exchange, support digital innovation in shipping and trade, and promote the construction of an international green shipping corridor. It will support national laboratories to better serve as the “general platform” and “chief chain” of technological innovation, explore mission-oriented organizational management systems for high-level research universities and research institutes, and support leading tech enterprises to undertake major scientific projects. It will deepen the construction of the basic research pilot zone, implement key core technology breakthroughs under a new national system.

Shanghai: Invest 255 billion yuan this year to accelerate the construction of Chongming Line, Line 21, Line 23, and other rail transit lines

The report states that this year, a total investment of 255 billion yuan will be made in major projects. Construction will begin on the northern extension of the Jiamin Line, accelerate the construction of Chongming Line, Shanghai Demonstration Zone Line, Nanfeng Line, east extension of Line 13, Lines 19, 20, 21, 23, and other rail lines. Projects like the north-south corridor and the second phase of the Huning Railway Shanghai section, and the Chongqing-Shanghai high-speed railway Shanghai section will be advanced.

Shanghai: Promote retrofitting and updating elevators in old residential buildings

The report shows that this year, Shanghai will promote the retrofitting and updating of elevators in old residential buildings, strengthen safety management throughout the building lifecycle, enhance party leadership in property management, and improve service standards and professionalism. It will accelerate the development of new models for real estate, promote “good housing” construction, and support high-quality real estate development.

Shanghai: 20 government and enterprise units’ auxiliary spaces will open to the public

The report indicates that this year, Shanghai will promote 20 government and enterprise auxiliary spaces to open and share with the public, complete 100 km of overhead lines underground and pole box rectification, and strengthen the environment management of backstreet alleys.

Shanghai: Plan to add 200 elderly care service stations at community entrances to promote aging-friendly home environments

The report states that this year, Shanghai will deepen elderly care reform, renovate 2,000 beds for cognitive impairment care, add 200 elderly care service stations at community entrances, support community elderly care institutions in providing meal, bathing, and medical assistance services, strengthen professional training for elderly care workers, and actively promote aging-friendly home renovations.

Shanghai: Increase efforts to prevent and combat telecom and online fraud and other crimes

The report mentions that this year, Shanghai will deepen the overall social security prevention and control system, implement “proactive policing and prevention,” strengthen the source prevention and diversified resolution of conflicts and disputes, improve the regular mechanism for cracking down on gangs and evil, and intensify efforts to prevent and combat telecom and online fraud and other crimes.

Shanghai: Promote a new round of “Double First-Class” university construction and expand high-quality undergraduate enrollment

The report states that this year, Shanghai will promote the quality and expansion of basic education, improve resource allocation mechanisms aligned with changes in school-age populations, implement projects to improve the quality of school meals, and support the new “Double First-Class” university construction, expanding high-quality undergraduate enrollment.

Shanghai: Multiple measures to promote employment and income increase for farmers

The report shows that this year, Shanghai will steadily extend the second round of land contract renewal for another 30 years, promote the deep integration of primary, secondary, and tertiary industries based on local conditions, cultivate特色产业 like “rural+” industries, accelerate the construction of rural collective asset transaction service systems, improve the distribution mechanism of rural collective economic benefits, implement the “Hundred Thousand” rural talent project, conduct in-depth rural comprehensive support, and take multiple measures to promote farmers’ employment and income growth.

Shanghai: Deepen the construction of Pudong Leading Zone and continue comprehensive reform pilot

The report states that this year, Shanghai will deepen the construction of Pudong Leading Zone, continue pilot reforms, further relax market access, optimize reforms in data, technology, and land factor markets, promote cross-border investment and settlement facilitation, innovate new formats like global procurement and cross-border distribution, implement the global operators plan, attract international organizations, establish a sci-tech innovation bonded zone, support large enterprise innovation centers, and support leading enterprises to form innovation alliances. It will also promote new high-risk, high-value basic research projects, and coordinate new regulations for Pudong New Area.

Shanghai: Accelerate major projects like Xiaoyangshan North Operation Area, Oriental Hub Shanghai East Station, and Phase IV of Shanghai Pudong International Airport

The report indicates that this year, Shanghai will accelerate the construction of Xiaoyangshan North Operation Area, Oriental Hub Shanghai East Station, and Phase IV of Pudong International Airport, complete the second phase of the Laogang Port renovation, open and increase international air routes including Belt and Road routes, and enhance air transfer capacity.

Shanghai: Land major foreign investment projects in telecommunications, healthcare, and cultural tourism

The report states that this year, Shanghai will implement the new catalog of encouraged foreign investment industries, improve services for major foreign investment projects, guide and support foreign enterprises to invest more in advanced manufacturing, modern services, high-tech, and energy-saving industries, and promote the landing of foreign projects in finance, telecommunications, healthcare, and cultural tourism. It will further enhance the regional headquarters and R&D centers of multinational companies, and better safeguard the rights and interests of foreign-invested enterprises.

Shanghai: Per capita disposable income reaches 92,000 yuan

The report shows that by 2025, Shanghai’s people’s livelihood and welfare will continue to improve, with residents’ per capita disposable income reaching 92,000 yuan, an increase of 4.1%.

Shanghai: Foreign investment continues to “increase holdings” in the past year; major projects in new energy vehicles, biomedicine, and others land in Shanghai

The report indicates that over the past year, Shanghai has maintained steady foreign trade and foreign investment efforts. Foreign trade grew against the trend, with diversified strategies deepening, and the effects of trade diversification evident. Import and export with ASEAN and Belt and Road countries increased by 10.4% and 12.1%, respectively. Policies to stabilize foreign trade were implemented and optimized, capacity, finance, legal, exhibition, and intellectual property services were strengthened, and the first customs support measures for the cosmetics industry were introduced to promote domestic sales of foreign trade enterprises. The development of intermediate goods trade and international distribution accelerated, cross-border e-commerce full-chain development was supported, and exports of “new three” products increased by 17.4%. The scale of foreign investment further expanded, with policies supporting foreign investment promotion, the second round of service industry opening-up pilot zones, encouraging reinvestment by foreign-invested enterprises, and overseas investment promotion mechanisms. Major foreign investment projects in new energy vehicles, biomedicine, and other fields are accelerating. Work related to Hong Kong, Macau, Taiwan, foreign affairs, and overseas Chinese affairs has achieved notable results.

Shanghai: Deeply implement the “Modeling Shanghai” project over the past year to accelerate the construction of a modern industrial system

The report shows that last year, Shanghai focused on implementing major national strategies, with the “Five Centers” construction progressing steadily. It accelerated the development of a modern industrial system, made breakthroughs in the entire industry chain of integrated circuit equipment, components, materials, and EDA software, and deepened the “Modeling Shanghai” project. Policies for high-end medical devices, intelligent terminals, smart computing clouds, embodied intelligence, and commercial aerospace industries were improved. Large aircraft development was promoted on a large scale and series production. Future industries like brain-computer interfaces, quantum computing, silicon photonics, and 6G were cultivated through specific plans. Multiple measures supported service industry innovation, and the level of industrial foundation and chain modernization was further enhanced. Financial services improved, with the establishment of national AI industry investment funds, Shanghai industrial transformation and upgrading funds, and the first batch of “Science and Technology Board” bond businesses. Real estate trust registration pilots were launched, cross-border financial service facilitation was initiated, and the digital RMB international operation center, interbank market data reporting system, and China Capital Market Association were established. The Guotai Haitong Securities restructuring and renaming was completed, and licensed financial institutions in Shanghai increased to 1,813.

Shanghai: By 2025, Shanghai Port’s container throughput will reach 55.063 million TEUs, ranking first in the world for 16 consecutive years

The report states that by 2025, Shanghai will enhance its shipping hub functions, expand the scope of international maritime arbitration, improve the application scenarios of shipping and trade digitalization, accelerate the construction of a green fuel supply system for shipping, and start the second phase of Laogang Port renovation. Container throughput will reach 55.063 million TEUs, maintaining the world’s number one position for 16 years. Passenger and cargo throughput at Shanghai Airport will reach 135 million and 4.538 million tons, respectively, with growth of 8.3% and 7.9%.

Shanghai: Last year, 391,200 private business entities were newly established

The report shows that in 2025, Shanghai’s reform in key areas will be coordinated. Deepen the reform of state-owned enterprises, establish municipal-level business entities in bulk commodities and inspection/testing, promote the creation of a state-owned asset acquisition fund matrix, cornerstone investment funds, and the first public welfare foundation for basic research of state assets nationwide. Improve systems for main responsibilities and income distribution. Support the implementation of the “Promotion of Private Economy” regulations, and the “26 Measures” for high-quality development of the private economy. Support the growth of specialized, refined, distinctive, and innovative SMEs, deepen the “government, association, bank, enterprise” cooperation mechanism, and strengthen regular communication. A total of 391,200 new private business entities were established this year. Complete the integration of the state-owned enterprise procurement platform into the city’s “One Network” transaction system. Implement comprehensive reforms in drug and medical device regulation, with 22 domestically innovative drugs and devices approved. The “Shanghai Standards” and “Shanghai Brands” added 12 and 44 new items, respectively, reaching a total of 64 and 288.

Shanghai: Accelerate the “Speeding Up” of urban village renovation; 26 projects launched last year

The report indicates that last year, Shanghai advanced urban governance modernization and urban renewal. Urban village renovations accelerated, with 26 projects launched. Complete renovation of 436,000 square meters of small梁薄板房 and other old housing. Promote the installation of 3,295 elevators in existing multi-story residential buildings. Implement upgrades in commercial and office buildings, start renovation of business units like Zhenru and Dabaishu, and activate 30.4 square kilometers of inefficient industrial land.

Shanghai: By 2025, add 3,852 elderly care beds and 74,000 affordable rental housing units

The report states that by 2025, Shanghai will strengthen livelihood projects, with all major projects and people’s livelihood issues completed. Add 3,852 elderly care beds, 3,326 beds for cognitive impairment care, build 57 community elderly canteens, and 336 elderly care service stations at community entrances. Complete the construction of 3,630 nursery beds in public kindergartens, and fully equip all primary and secondary school classrooms with air conditioning. Secure 32,000 beds for the “New Era City Builders and Managers” program and build or secure 74,000 affordable rental units, reaching a total of 610,000 units.

Shanghai: Last year, 641,000 new jobs created; a series of employment stabilization policies implemented

The report shows that in 2025, Shanghai’s basic social security level will continue to improve. Deepen policies like one-time expansion of posts and phased reduction of employee medical and unemployment insurance rates, with 641,000 new urban jobs. Improve mechanisms for skills training subsidies, build integrated industry-education training centers, and implement phased reforms to delay statutory retirement age. Standards for pensions, medical insurance, minimum living security, and minimum wages will be steadily increased. Social assistance for services will be fully implemented. Accelerate the transformation of domestic workers and elderly care staff. Implement child-rearing subsidies, maternity leave social insurance subsidies, and fertility-friendly positions. Complete a 1% population sampling survey. Continue efforts to care for women, children, and disabled persons, and strengthen work related to ethnic and religious affairs.

Shanghai: By 2025, more than 320 new tech companies and 150,000 new domestic and international talents will be attracted

The report states that by 2025, Shanghai will vigorously promote technological innovation, support the high-quality construction of national laboratories in Shanghai, optimize support policies for leading tech enterprises and high-growth companies, improve pilot platforms, and build seven new high-quality verification platforms and six incubators. Many technological achievements will be accelerated for transformation and industrialization, with technology contract transactions reaching 649.68 billion yuan, an increase of 24.9%. The city will see an average of over 320 new tech companies daily. High-level talent hubs will be built with rapid talent introduction mechanisms, policies for discovering and cultivating high-potential young scientists, entry and exit facilitation packages, and support for innovation and entrepreneurship among research personnel. Nearly 150,000 new domestic and international talents will be gathered, including 1,630 high-level overseas talents, fostering vibrant innovation.

Shanghai: Achieve a per capita GDP double that of 2020 by 2035

Gong Zheng, in his explanation of the “Shanghai National Economic and Social Development 15th Five-Year Plan (Draft),” pointed out that the plan sets the main goals for Shanghai’s economic and social development during the “Fifteen Five” period. By 2030, high-quality development will have achieved significant results, the city’s core functions will have been elevated, high-level reform and opening-up will have made new breakthroughs, social civilization will have improved markedly, urban construction will have deepened, and urban governance will have been modernized. The plan also envisions the goals for 2035, aiming to build on the “Fifteen Five” foundation, with the “Five Centers” fully upgraded, key development indicators reaching international leading levels, and the city’s overall capacity and competitiveness significantly enhanced. Per capita regional GDP will double that of 2020, and the city will be fundamentally built into a globally influential socialist modern international metropolis.