Shanghai unveils bold plan to boost business climate, attract global investment

Shanghai is rolling out a comprehensive initiative to streamline government services and create a more investor-friendly environment, aiming to strengthen its position as a leading global financial hub.

The municipal government’s newly released action plan emphasises improving regulatory transparency and speeding up approval processes to support emerging industries. Targeted measures will focus on optimising the business environment for key sectors, particularly those driving innovation and international growth, Bloomberg writes. 

Authorities also plan stricter enforcement against monopolistic practices and “involution-style” competition, a term describing unhealthy overcompetition. Efforts will include better financing support for small and micro enterprises, standardising intermediary financing services, and cracking down on illegal financial practices.

The plan further targets misinformation and coercion affecting companies during major corporate events such as IPOs, reinforcing accountability for Internet platforms and improving the handling of online infringement cases.

By combining regulatory reforms with stronger protections for businesses, Shanghai aims to make itself an even more attractive destination for foreign investment and global expansion.

By Sabina Mammadli