Shanghai Municipal Government Issues 17 Measures to Promote High-Quality Development of the Software and Information Services Industry

On July 7, the Shanghai Municipal Government website published the Notice on Printing and Distributing Several Measures for Promoting the High-Quality Development of the Software and Information Services Industry in Shanghai (the “Measures”). The Measures are effective until June 30, 2028.

The Measures include incentivizing the development of high-quality enterprises and SMEs, supporting the empowerment of the software and information services industry by artificial intelligence, improving new momentum cultivation policies, and reducing enterprise costs. Specific measures include: providing rewards to enterprises with revenue exceeding RMB 2 billion; supporting cloud service providers in developing model-as-a-service capabilities; promoting the agglomeration and development of the digital content industry; reducing costs in R&D, financing, internet services, and employment; and optimizing talent supply and enterprise regulatory services.