Shanghai Proposes 20 Measures to Promote the Development and Growth of Specialized and Innovative SMEs

On April 3, 2025, the Shanghai Municipal Government published the Several Measures to Promote the Development and Growth of Specialized and Innovative Small and Medium-sized Enterprises in Shanghai (the “Measures”) on its website, which took effect on the same day.

The Measures propose six aspects consisting of twenty specific measures, including promoting high-growth development, aiding refined management, facilitating high-level innovation, reducing all-element costs, implementing precise empowerment, and improving multi-level services. The Measures include building a gradient cultivation platform, supporting enterprises to go public, providing rewards to eligible enterprises, establishing a “Specialized and Innovative Loan” with a total scale exceeding RMB 400 billion, supporting enterprises’ participation in electricity market transactions, promoting digital transformation, and supporting overseas expansion of enterprises.