Seven key tasks for 2020

1.Encouraging more IPOs on the sci-tech bourse

Shanghai will actively promote the "Light of Huangpu River" plan, which includes a series of preferential policies to enable more tech and innovative companies to get listed on the Sci-Tech Innovation Board. The municipal government will also provide more services for aspects like legal affairs, credit ratings, guarantees and sponsorships.

2. Advancing regional integration for Yangtze River Delta demonstration zone

The city will further develop the Hongqiao International Transportation Hub and promote cooperation and integration projects on technology innovation, infrastructure, security, environment protection and public services in the demonstration zone. The area will make concerted efforts in creating a unified market with greater access to the world.

3. Enacting a competitive taxation policy in the Lingang Special Area

The city will quicken the development of the Lingang pilot free trade zone in Pudong new area, giving greater freedom and space in the area for investment, trade, capital, transport and personnel. A competitive taxation policy and comprehensive risk management plan will be put into practice in the free trade zone.

4. Hosting the third China International Import Expo for continued success

The city will come out with long-term measures to ensure the continued success of the CIIE and step up efforts to expand the influence of the Hongqiao International Economic Forum.

5. Building the city as an international financial center with multilayered markets

Shanghai will become an international financial center and asset management center that is commensurate with China's economic strength and the status of the renminbi with a cluster of key financial institutions. It will open up more financial sectors to accelerate the internationalization of the renminbi, build a multitiered financial market system, and boost the development of fintech. The city will also fortify its regulatory system to keep financial risks under control.

6. Becoming an international hub in the global trade network

The city will optimize the balance of trade in goods and in services, expand the share of re-exporting and transit trade, offshore trade and digital trade. Domestic and foreign trade will be equally emphasized in a modern market system where commodities, capital and personnel can flow freely. Reforms will be undertaken to provide a single-window service platform that is aligned with international trade and investment rules.

7. Accelerating smart city development

Shanghai's key tasks for this year include acceleration of the smart city development and improving the capacity of the new generation of information infrastructure. The city will achieve citywide 5G coverage within this year and become a broadband city with both wired and wireless gigabit networks.