Shanghai has outlined its development goals for 2026-2030, with a focus on becoming a global financial center and a modern socialist metropolis by 2035.

The city’s five-year plan highlights expanding offshore financial services, including yuan asset management and cross-border investment facilitation, and deepening collaboration with Hong Kong.

Shanghai aims to strengthen its financial sector to compete with other major hubs like New York and London.

Additionally, the plan highlights advancements in AI, chips, and manufacturing to support industrial growth.

🔗 Source: South China Morning Post