Economic Performance - Shanghai's GDP reached 5.4 trillion yuan in 2024, with a year-on-year growth of 5.0%[2] - Fixed asset investment grew by 4.8%, with industrial investment showing a strong increase of 11.1%[3] - Total retail sales of consumer goods decreased by 3.1% year-on-year, amounting to 17,940 billion yuan[3] Trade and Employment - The total import and export volume reached 4.3 trillion yuan, a year-on-year increase of 1.3%[3] - The urban unemployment rate averaged 4.2%, down by 0.3 percentage points from the previous year[3] - Per capita disposable income in Shanghai increased by 4.2%, reaching 88,366 yuan[43] Financial Sector Development - The balance of deposits and loans reached 22.0 trillion yuan and 12.3 trillion yuan respectively, with year-on-year growth of 7.7% and 9.8%[4] - New loans for small and micro enterprises had a weighted average interest rate of 3.25%, down by 0.37 percentage points year-on-year[5] - The social financing scale increased by 10,612 billion yuan, exceeding the previous year by 3,201 billion yuan[5] Industrial Growth - The total industrial output value was 39 trillion yuan, with a year-on-year growth of 0.7%[3] - The added value of strategic emerging industries reached 17,201 billion yuan, growing by 1.8%[3] - The three leading industries (integrated circuits, biomedicine, and artificial intelligence) achieved a combined output value of 4,618 billion yuan, with a growth rate of 10.8%[3]

Core Points - The establishment of the People's Bank of China Shanghai Headquarters marks a significant decision to enhance the central banking system and support the construction of Shanghai as an international financial center [1][2] - The Shanghai Headquarters has played a crucial role in implementing innovative reforms and enhancing the competitiveness of Shanghai's international financial center, contributing to national financial reform [3][4] - The Shanghai Headquarters has expanded its national functions while maintaining local responsibilities, distinguishing itself from previous branches [4][5] Group 1: Financial Innovation and Reform - The Shanghai Headquarters has initiated a series of pioneering reforms, including cross-border RMB settlement and the establishment of a free trade account system, significantly contributing to the high-quality development of Shanghai's economy [3][4] - In 2024, the total amount of cross-border RMB payments in Shanghai reached 29.8 trillion yuan, accounting for 47% of the national total, reflecting the deep integration of China's financial system into the global market [3][4] Group 2: Financial Market Opening and International Cooperation - The Shanghai Headquarters has facilitated the entry of 1,170 foreign institutions into the interbank bond market, holding bonds worth 4.23 trillion yuan as of June 2025, enhancing international financial cooperation [6] - The Headquarters has successfully hosted significant international financial meetings and supported the establishment of international financial institutions in Shanghai, thereby increasing its global influence [6] Group 3: Support for the Real Economy - The Shanghai Headquarters has focused on implementing monetary policy effectively, leading to a significant increase in deposits and loans, with the total deposits reaching 22.01 trillion yuan and loans 12.27 trillion yuan by the end of 2024 [7] - Initiatives such as the Shanghai Science and Technology Financial Reform Pilot Zone and the promotion of green finance have been launched to support the development of the real economy [7][8] Group 4: Financial Management and Service Optimization - The Shanghai Headquarters aims to create an optimal financial ecosystem by enhancing payment services and financial infrastructure, including the establishment of one-stop service centers for foreign personnel [8] - The implementation of digital currency trials and blockchain technology for cross-border tax payments reflects the commitment to modernizing financial services [8] Group 5: Financial Risk Prevention - The Shanghai Headquarters prioritizes financial risk prevention through enhanced monitoring and regulatory measures, ensuring the stability of the financial system [9] - The implementation of deposit insurance and coordinated mechanisms for risk prevention and resolution are key strategies to maintain financial security [9] Group 6: Strategic Goals and Future Directions - The central government has set ambitious goals for Shanghai to become a leading international financial center, with a focus on enhancing competitiveness and global influence [10][11] - The Shanghai Headquarters is committed to advancing reforms and innovations in line with national strategies to contribute to the establishment of a strong central bank and financial power [11]

Core Viewpoint - Shanghai is undertaking the historical mission of building an international technology innovation center, with the People's Bank of China (PBOC) Shanghai Headquarters leading various initiatives to enhance technology finance and support innovation-driven enterprises [1][2][3][4][5] Group 1: Policy Initiatives - The PBOC Shanghai Headquarters has issued the "Shanghai Technology Finance Service Capability Improvement Special Action Plan" to establish a comprehensive system for technology finance [1] - A notification was released to address financing bottlenecks for technology-oriented private enterprises, proposing targeted measures [1] - Collaborative efforts have led to the issuance of guidelines to enhance the quality and efficiency of intellectual property finance in Shanghai [1] Group 2: Financial Products and Support - The introduction of "Hu Ke Special Loan" and "Hu Ke Special Discount" aims to provide precise support for small and private technology enterprises, with a total issuance of 332.56 billion yuan for loans and 664.55 billion yuan for discounts by April 2025 [2] - A dedicated financial product called "Specialized and Innovative Loan" was established to provide low-cost funding for specialized and innovative small and medium-sized enterprises [3] - The PBOC Shanghai Headquarters has facilitated the issuance of the first batch of technology innovation bonds, involving multiple financial institutions and technology companies [3] Group 3: Loan and Financing Innovations - The implementation of a pilot program for technology enterprise merger loans has been initiated, with loans covering up to 80% of the transaction value [4] - A new financing model called "Forward Win-Win" has been explored, allowing technology startups to pay lower initial interest rates, with higher rates triggered upon meeting growth conditions [4] - The expansion of cross-border financial services through free trade accounts has resulted in a 23.6% year-on-year increase in cross-border RMB settlements for technology enterprises [5]

（原标题：上海重磅出手！） 【导读】多举措推进上海国际金融中心建设，培育科技创新长钱 中国基金报记者 吴娟娟 5月30日，支持加快建设上海国际金融中心座谈会在上海资产管理协会办公地举行。与会政府、监管部 门领导、业界高管表示，复杂形势下，上海国际金融中心建设重要性、迫切性进一步提升。银行业、保 险业深化改革、扩大开放与推动上海国际金融中心建设相辅相成。下一步，上海将从多方面着力推进国 际金融中心建设，积极培育科技创新长钱。沪苏一体化建设将为上海国际金融中心建设提供丰富的应用 场景和产业支撑。 座谈会由国家金融监督管理总局国际合作司、中共上海市委金融委员会办公室、国家金融监督管理总局 上海监管局主办，上海资产管理协会、上海交通大学上海高级金融学院承办。 国家金融监管总局姜波：上海国际金融中心建设重要性进一步提升 国家金融监管总局国际司司长姜波表示，党的二十届三中全会决议要求，加快上海国际金融中心建设。 去年年末，中央金融委印发了支持加快建设上海国际金融中心的相关意见。今年4月29日，国务院副总 理何立峰主持召开驻沪中央金融机构支持上海建设国际金融中心座谈会。 姜波表示，当前国际环境复杂多变，上海国际金融中心建设 ...

Core Viewpoint - The Shanghai Municipal Government Office has issued opinions aimed at further deepening reform and innovation to accelerate the high-quality development of the technology service industry, focusing on supporting enterprise financing and cost reduction [1] Group 1: Financing Support - Technology service enterprises will be included in the "Hu Ke Special Loan" and "Hu Ke Special Discount" support programs to lower loan costs for these companies [1] - The subsidy ratio for "performance loans" for technology service enterprises will be increased, encouraging commercial banks to enhance their medium- and long-term credit support [1] Group 2: Risk Management - Insurance institutions are encouraged to provide risk protection for technology service enterprises covering R&D investment, achievement delivery, and third-party liability [1] Group 3: Administrative Efficiency - The approval process for technology exhibitions, forums, competitions, and other related activities will be simplified and optimized [1]

Core Viewpoint - The Shanghai Municipal Government has announced measures to support the high-quality development of the technology service industry by including these enterprises in the "Hu Ke Special Loan" and "Hu Ke Special Discount" programs, aimed at reducing loan costs for companies [1] Group 1 - The inclusion of technology service enterprises in the "Hu Ke Special Loan" and "Hu Ke Special Discount" programs is expected to lower the cost of loans for these companies [1] - The government will increase the subsidy ratio for the "performance loan" insurance for technology service enterprises, encouraging commercial banks to enhance medium and long-term credit support [1]