#Shanghai Global Investment Promotion Conference 2023: Exploring the Four New Tracks for Development

According to reports, the 2023 Shanghai Global Investment Promotion Conference officially opened on April 6th. According to reports, focusing on the four new tracks of digital economy, green and low-carbon, metaverse, and intelligent terminals, Shanghai will accelerate the recruitment of high-energy digital industry cluster projects, and provide up to 8 million yuan of support for benchmark demonstration projects of new technologies and models. In response to the green and low-carbon industries, Shanghai will aim to promote clean energy and low-carbon raw materials, and accelerate the introduction and cultivation of green and low-carbon industries. The maximum reward for equipment projects can reach 50 million yuan. In the metaverse industry, Shanghai will accelerate the introduction of innovative projects such as 3D graphics and image engines and digital modeling, with a maximum support of 20 million yuan. In the intelligent terminal industry, Shanghai will focus on developing new energy and intelligent connected vehicles, intelligent robots, intelligent wearables, and other fields, actively introducing high-quality projects, with a maximum support of up to 30 million yuan.

Shanghai will accelerate the recruitment of high-energy digital industry cluster projects, with a maximum support of 8 million yuan

The 2023 Shanghai Global Investment Promotion Conference officially opened on April 6th. This event marks an important opportunity for Shanghai to showcase its advantages, strengths, and innovation capacity to the world, and to accelerate the recruitment of high-energy digital industry cluster projects. The conference will focus on exploring four new tracks that are deemed to be critical for the future development of Shanghai: digital economy, green and low-carbon, metaverse, and intelligent terminals. In response to these new tracks, Shanghai has formulated a series of supportive policies, including financial incentives, resource allocation, streamlined procedures, and regulatory reforms, to attract more investment, talent, and innovation into these areas.

The Four New Tracks in Shanghai’s Development Strategy

#Digital Economy

As one of the most dynamic and transformative sectors in the global economy, digital economy has become a strategic priority for many countries and cities. Shanghai is no exception. By leveraging its advanced digital infrastructure, vibrant start-up ecosystem, and favorable policy environment, Shanghai is committed to fostering a robust and diversified digital economy that spans across various domains, such as e-commerce, fintech, cloud computing, AI, blockchain, etc. To achieve this goal, Shanghai has launched several initiatives, such as the Digital Economic Innovation Fund, the Digital China Action Plan, and the Smart City Plan, which aim to promote innovation, integration, and cooperation in the digital sector. In addition, Shanghai also offers attractive incentives for new digital companies, such as tax breaks, rent subsidies, and talent support, as well as access to first-class R&D facilities, venture capital, and market opportunities.

#Green and Low-Carbon

With the growing awareness of environmental protection and climate change, green and low-carbon industries are gaining momentum around the world. Shanghai aims to become a leader in this field by promoting clean energy, sustainable production, and circular economy. Shanghai has set a target of reducing its carbon emissions per unit of GDP by 65% by 2030, compared to the level of 2005. To achieve this goal, Shanghai has introduced a series of measures, such as carbon trading, green finance, carbon capture and storage, and waste reduction. In addition, Shanghai also encourages the development of new green and low-carbon technologies and products, such as solar panels, wind turbines, electric vehicles, and recycling facilities. To attract more investment in green and low-carbon projects, Shanghai offers generous subsidies, grants, and other forms of financial support, as well as streamlined procedures and regulatory exemptions.

#Metaverse

Metaverse, which refers to virtual worlds that integrate various forms of digital content and interaction, has become a new frontier in the entertainment, gaming, and social media industries. Shanghai aims to seize the opportunities in this area by fostering a vibrant and creative metaverse ecosystem that attracts both local and international talents and companies. To achieve this goal, Shanghai has set up several metaverse innovation centers, incubators, and accelerators, which provide state-of-the-art facilities, technical support, and financial incentives for metaverse start-ups and projects. Shanghai also plans to enhance its digital content and digital art scene to adapt to the emerging metaverse culture. To support the development of metaverse, Shanghai offers up to 20 million yuan in financial support for innovative metaverse projects.

#Intelligent Terminals

Intelligent terminals, which include new energy vehicles, intelligent robots, wearables, and other cutting-edge devices, are becoming more prevalent and crucial in various industries, from manufacturing to healthcare to logistics. Shanghai recognizes the importance of intelligent terminals in its economic and social development and is committed to fostering a vibrant and synergistic intelligent terminal ecosystem that integrates research, production, and application. To achieve this goal, Shanghai has launched several initiatives, such as the Intelligent Manufacturing Development Plan, the Industrial Internet Action Plan, and the Smart Transportation Plan, which aim to promote the upgrade of traditional industries and the emergence of new industries based on intelligent terminals. To attract more investment and talent in this area, Shanghai offers up to 30 million yuan in financial support for qualifying intelligent terminal projects.

Conclusion

The 2023 Shanghai Global Investment Promotion Conference is an important milestone in Shanghai’s journey towards a more innovative, green, and dynamic city. The four new tracks of development that Shanghai has identified are aligned with the global trends and demands, and provide ample opportunities for investors, entrepreneurs, and innovators to explore and benefit from Shanghai’s advantages and resources. Shanghai’s supportive policies, incentives, and initiatives demonstrate its commitment and confidence in attracting and retaining high-quality investments and talents in these areas. As Shanghai continues to pursue its vision of becoming a global innovation hub, we can expect to see more breakthroughs, collaborations, and achievements in the four new tracks of development.

FAQs

1. What is the 2023 Shanghai Global Investment Promotion Conference?
The 2023 Shanghai Global Investment Promotion Conference is an event that showcases Shanghai’s advantages, strengths, and innovation capacity to the world, and aims to attract more investment, talent, and innovation into Shanghai.
2. What are the four new tracks of development in Shanghai?
The four new tracks of development in Shanghai are digital economy, green and low-carbon, metaverse, and intelligent terminals. Shanghai has formulated supportive policies, incentives, and initiatives to promote innovation, integration, and cooperation in these areas.
3. What are the financial incentives for projects in the four new tracks?
Shanghai offers up to 8 million yuan of support for benchmark demonstration projects of new technologies and models in digital economy, up to 50 million yuan for equipment projects in green and low-carbon industries, up to 20 million yuan for innovative metaverse projects, and up to 30 million yuan for qualifying intelligent terminal projects.