Shanghai Officially Releases Full Text of New Policies to Promote Private Economy Development

On April 1, 2025, the Shanghai Municipal Government published the Notice on the Issuance of Several Measures to Promote High-Quality Development of the Private Economy in the New Era and New Journey by the CPC Shanghai Municipal Committee and the Shanghai Municipal People’s Government (the “Measures”) on its website, which took effect on the same day.

The Measures consist of 26 items, proposing to optimize the development environment for the private economy, strictly implement the negative list for market access, and ensure private enterprises can participate equally in market competition and government procurement. It supports private enterprises in expanding investment, participating in green and low-carbon transformation, and the construction of artificial intelligence infrastructure. The Measures also propose to increase financial support, encourage credit provision, and broaden financing channels. The Measures aim to resolve issues of payment arrears, enhance incentives for creditworthiness, and impose penalties for untrustworthiness. They seek to protect the legal rights of private enterprises, optimize administrative inspections and supervision, support private enterprises in innovative development, and participate in scientific and technological breakthroughs and international development.