Pioneering industries: Cars travel past a pedestrian overpass with a display of stock information at the Lujiazui financial district in Shanghai. The city is home to 444 listed companies, with their combined market value standing at 9.38 trillion yuan. — Reuters
SHANGHAI: Shanghai’s emphasis on the development of pioneering industries, which can be seen in the latest policies to facilitate industry consolidation, can further boost innovation and advance the city’s high-quality economic growth, said experts.
The Shanghai municipal government released on Tuesday an action plan to advance the restructuring of listed companies in the city from 2025 to 2027. Consisting of 12 measures, the plan said that Shanghai will support mergers and acquisitions (M&As) among listed firms from the three industries of integrated circuits (ICs), biomedicine and new materials.
