This morning, the municipal government information office held the fifth press conference in the «Action Paints the Answer, Relay the New Blueprint» series on Shanghai’s 14th Five-Year Plan achievements. Focusing on the theme «Towards an International Boutique District with Global Influence,» the district leadership presented the construction and development achievements of the district during the 14th Five-Year Plan period. They answered questions at the press conference.

The district is an important gateway for Shanghai to connect with the Yangtze River Delta and the world, boasting prominent geographical advantages, significant digital characteristics, and a distinct open gene. Since the 14th Five-Year Plan period, the district has focused on accelerating the construction of an international boutique district with global influence, firmly grasped the strategic opportunities of the «Greater Hongqiao» and «Digitalization,» persistently pursued development, reform, improved people’s livelihoods, and optimized governance, driving new enhancements in the district’s energy level and core competitiveness, and showcasing a new atmosphere in the construction of a people’s city. In 2024, the district’s Gross Domestic Product reached 278.9 billion yuan, 1.8 times that of 2020, with an average annual growth of 7.8% in the first four years of the 14th Five-Year Plan; district-level general public budget revenue reached 18 billion yuan, with an average annual growth of 8.8%. Positive results have been achieved in the district’s economic and social development, mainly reflected in six aspects.

First, a major leap in economic scale. In the first four years of the 14th Five-Year Plan, breakthroughs were achieved at the hundred-million-yuan level across «ten, hundred, thousand, ten-thousand» metrics. «Ten billion» refers to revenue increments; the cumulative increase in district-level general public budget revenue exceeded 5 billion yuan, with an average annual increment of over 1 billion yuan, providing stronger fiscal support for development. «Hundred billion» refers to office building output; the Jinhongqiao International Center became a «hundred-billion-yuan tax building,» setting a record for office building efficiency in the city. The tax contribution from 74 key commercial buildings increased by nearly 20 billion yuan, indicating more intensive use of carrier space. «Thousand billion» refers to industrial scale; four hundred-billion-yuan industrial clusters have been formed in software information, transportation, wholesale and retail, and leasing business, with the leading industries playing a more prominent role. Among them, the added value of software and information services grew by an average of 24.8% annually, ranking first in the city. «Ten-thousand billion» stems from the «digital» characteristic; the total transaction volume of the district’s e-commerce platforms reached 1.62 trillion yuan, with an average annual growth of 17.7%, accounting for one-third of the city’s total transaction volume. Meanwhile, building on foundations in the digital economy and aviation services, the district is proactively laying out new tracks like industrial internet and the low-altitude economy, striving to chart a «second curve» for economic development.

Second, reform breakthroughs and establishing new paradigms. Actively seized the strategic opportunity of Greater Hongqiao. Fully implemented the national strategy for the Hongqiao International Open Hub. The tax revenue of the East Hongqiao area grew by an average of 13.6% annually, accounting for over 40% of the Hongqiao International Central Business District. Continuously promoted the construction of an enterprise overseas headquarters agglomeration zone, creating a physical platform for comprehensive services for enterprises «going global.» Deeply implemented the «Headquarters Empowerment Action,» adding 22 multinational regional headquarters since the 14th Five-Year Plan period began, with the total number of various headquarters and R&D centers reaching 153. Accelerated the creation of a first-class business environment. Continuously introduced the «Eight Characteristic Cards» for the business environment, was recognized as the first batch and the city’s only National Network Market Regulation and Service Demonstration Zone, and issued the country’s first comprehensive license for a wholly foreign-owned shopping center format. Built the nation’s first prefunded capital supervision platform using «notarial deposit» for the fitness and tutoring industries, making the public’s «money bags» more secure.

Third, technological innovation gaining momentum. Vigorously promoted the return of sci-tech innovation to the city, cultivating and developing new quality productive forces. Made every effort to boost the sci-tech «main engine.» Built the «Shanghai Silicon Lane» sci-tech innovation street to high standards, which has now gathered nearly 900 innovative enterprises and cultivated a number of national and municipal-level specialized, refined, distinctive, and innovative enterprises like HeiHu Technology and Westwell. Cooperated with the CAS Institute of Microsystem and Information Technology and the Shanghai Institute of Ceramics to establish the

Shanghai

Shanghai is a major global financial hub and China’s most populous city, located on the central coast. Its modern identity was largely shaped in the late 19th and early 20th centuries when it flourished as an international trading port with foreign concessions. Today, the city is famous for its iconic skyline, including the Pudong district’s skyscrapers, which symbolize its rapid economic development.

Yangtze River Delta

The Yangtze River Delta is a fertile, triangular-shaped region in eastern China where the Yangtze River empties into the East China Sea. Historically a cradle of Chinese civilization, it has been a center of trade, commerce, and culture for centuries, famous for its intricate canal systems and water towns. Today, it is one of the world’s most important economic hubs, encompassing major cities like Shanghai, Nanjing, and Hangzhou.

Greater Hongqiao

Greater Hongqiao is a major urban area in Shanghai, China, developed as a key part of the city’s western expansion strategy. Its modern history is defined by its transformation into a comprehensive transportation and business hub, anchored by the Hongqiao Transportation Hub which includes one of the city’s main airports and a high-speed rail terminus. Today, it is a thriving central business district known for international trade and commerce.

Hongqiao International Open Hub

The Hongqiao International Open Hub is a core area within Shanghai’s Hongqiao Business District, officially designated by the Chinese government in 2021 as a key platform for international trade and opening-up. Its history is tied to the expansion of the Hongqiao Transportation Hub, one of the world’s largest, which integrates airport, high-speed rail, and metro services. The hub’s primary function is to facilitate international commerce, hosting the China International Import Expo (CIIE) and serving as a modern service industry cluster.

Hongqiao International Central Business District

The Hongqiao International Central Business District (CBD) is a modern business hub developed as a core part of Shanghai’s Hongqiao area. Its major expansion was accelerated to serve the 2010 Shanghai Expo and was further established as a national-level strategy to be a key platform for international trade and the integrated development of the Yangtze River Delta. Today, it is renowned for its concentration of headquarters, trade institutions, and modern facilities centered around the Hongqiao Transportation Hub.

Jinhongqiao International Center

The Jinhongqiao International Center is a modern commercial and business complex located in the Chaoyang District of Beijing. Developed in the early 21st century, it is part of the city’s expansion of its central business district. The center is known for housing multinational corporations, luxury hotels, and high-end retail, reflecting Beijing’s status as a global economic hub.

Shanghai Silicon Lane

«Shanghai Silicon Lane» is a modern nickname for the Zhangjiang Hi-Tech Park, a major technology and innovation hub established in the 1990s in Shanghai’s Pudong district. It was developed as a key part of China’s strategy to become a global leader in technology, attracting numerous domestic and international tech companies, research institutes, and startups. Today, it is a central pillar of Shanghai’s economy, often compared to Silicon Valley for its concentration of firms in semiconductors, biotechnology, and information technology.

CAS Institute of Microsystem and Information Technology

The CAS Institute of Microsystem and Information Technology (IMIT) is a prominent research institute under the Chinese Academy of Sciences (CAS). It focuses on cutting-edge research in microsystems technology, including micro-electromechanical systems (MEMS), sensors, and integrated circuits. The institute was established to advance China’s capabilities in information technology and has played a significant role in national high-tech development programs.