Core Insights - Shenzhen aims to leverage its rich innovation resources and diverse industrial categories to upgrade traditional industries, targeting a total scale of over 700 billion yuan in three years [1][2] - The city plans to implement 12 policy measures, including the establishment of various investment funds to support mergers and acquisitions in traditional industries [1][2] - Shenzhen's advanced manufacturing and high-tech manufacturing account for 68.2% and 58.2% of the city's industrial added value, respectively [1] Group 1: Traditional Industry Development - Shenzhen has a strong presence in traditional industries such as high-end women's clothing, jewelry, and eyewear, with the jewelry industry leading the nation in annual industrial output [2] - The city will implement an action plan to integrate artificial intelligence into various traditional sectors, aiming to digitize over 100 traditional enterprises within three years [2][3] - The government encourages the fusion of traditional manufacturing with new technologies and high-performance materials, targeting the creation of over 100 cross-industry fashionable products by 2027 [3] Group 2: Investment and Policy Measures - Shenzhen will utilize strategic emerging industry funds to support state-owned enterprises and traditional industry leaders in establishing acquisition funds [1] - The investment model will combine government guidance, listed company capital, and professional investment institutions to nurture high-potential enterprises [1] - The city has previously recognized the importance of both traditional and emerging industries as components of a modern industrial system, indicating a balanced approach to industrial development [5]

Core Insights - The article discusses the "Action Plan for Strengthening Shanghai's Commercial Brand Development" issued by the Shanghai Municipal Commission of Commerce and six other departments, emphasizing the importance of enhancing commercial brand development to meet the demands of consumption upgrades and to stimulate and expand consumption [1] Summary by Sections - **Objective of the Action Plan** - The plan aims to leverage Shanghai's diverse commercial formats, varied market entities, active commercial innovation, and high visibility in international markets to create a more competitive cluster of commercial brands by 2028 [1] - **Expected Outcomes** - The initiative seeks to establish a more effective mechanism and support system for promoting commercial brands, enhancing the aggregation, recognition, and reputation of Shanghai's commercial brands [1] - **Strategic Importance** - The action plan is positioned as a critical task to elevate Shanghai's status as an international consumption center, thereby increasing its overall market competitiveness [1]

Core Viewpoint - The Shanghai Municipal Commission of Commerce and six other departments have issued an "Action Plan for Strengthening Shanghai's Commercial Brand Development," aimed at enhancing the growth and competitiveness of both domestic and international brands in Shanghai [1] Group 1: Brand Development Support - The plan emphasizes support for domestic and international well-known brands with strong competitive advantages to gather and develop in Shanghai [1] - It proposes the upgrading of economic support policies for product launches, new business models, and trends to encourage innovation in Shanghai [1] Group 2: Infrastructure and Services - The initiative includes support for well-known brand enterprises to establish global brand management centers and headquarters, facilitating services in areas such as financial settlement, international trade, offshore trade, and cross-border data flow [1] - It aims to assist well-known brand enterprises in extending their operations along the supply chain, promoting scale and group development [1] Group 3: Market Access and Growth - The plan focuses on nurturing and servicing potential listed companies, supporting qualified well-known brand enterprises in their listings both domestically and internationally [1]

Group 1 - The Shanghai government is focusing on ensuring safety and promoting consumption during the upcoming National Day and Mid-Autumn Festival holidays, emphasizing the need for risk assessments in key areas such as transportation hubs and tourist attractions [1] - The government aims to enhance the brand recognition and reputation of Shanghai's commercial sector, while also expanding the supply of quality cultural and tourism products and services [1][2] - A plan to promote the professionalization and standardization of domestic service enterprises from 2026 to 2028 has been approved, aiming to address industry bottlenecks and enhance service quality [2] Group 2 - The government has agreed on an action plan to strengthen the construction of Shanghai's commercial brands, focusing on revitalizing traditional brands and enhancing their global influence [2] - A logistics cost reduction and efficiency improvement plan has been approved, which includes enhancing infrastructure and services, and promoting the integration of various transportation networks [3] - The meeting also discussed other matters related to the overall economic strategy and development initiatives [4]

Group 1 - The Shanghai government emphasizes the importance of safety and consumer promotion during the upcoming National Day and Mid-Autumn Festival holidays, focusing on risk assessment in key areas such as transportation hubs and tourist attractions [1] - The government plans to enhance the brand influence of Shanghai by revitalizing traditional brands, promoting innovation, and encouraging cross-industry integration [2] - The government aims to implement a plan for the professionalization and standardization of household service enterprises from 2026 to 2028, addressing industry bottlenecks and enhancing service quality [2] Group 2 - A plan to reduce logistics costs and improve efficiency has been approved, focusing on enhancing infrastructure and integrating transportation networks [3] - The initiative aims to develop a digital, intelligent, and green supply chain to facilitate the transformation of the logistics industry [3]