TechFlow news — On April 25, the General Office of the Shanghai Municipal People's Government issued a notice regarding the "Measures for Strengthening Investment Promotion and Accelerating the Construction of a Modern Industrial System in the New Era." The Measures support Shanghai in attracting high-end industrial projects. For major strategic emerging industry projects that undertake national-level strategic missions, are the first to break foreign monopolies, or achieve first-of-a-kind domestic demonstration applications, financial support of up to 30% of project investment, with a maximum of RMB 1 billion, will be provided.
Besides the "three leading industries," Shanghai has also introduced incentive measures for developing the "four emerging赛道industries," which include intelligent terminals, green and low-carbon technologies, digital economy, and metaverse.
Regarding the metaverse, Shanghai will focus on attracting investments in areas such as metaverse infrastructure, interactive terminals, and digital tools. The city will open over 50 major municipal-level metaverse application scenarios to external investment, continuously promote supply-demand matching and innovation challenges, and accelerate the introduction of metaverse projects in fields like 3D graphics, image engines, and digital modeling. Support for metaverse-related investment projects will be strengthened. For projects meeting eligibility criteria—covering key technologies, major engineering initiatives, and industrialization efforts—financial support of up to 30% of project investment, with a maximum of RMB 200 million, will be granted according to regulations.
