(Yicai) March 26 -- Shanghai has unveiled its 2025 key industry layout map and launched two funds worth CNY50 billion funds (USD6.9 billion) each to stimulate economic development and attract both domestic and international investment to the city.

The initiatives were announced yesterday at the opening ceremony of the Shanghai Global Investment Promotion Conference, an annual event aimed at promoting international investment in the manufacturing and financial metropolis.

The industry map outlines strategic plans for 10 key supply chains covering integrated circuits, biomedicine, artificial intelligence, high-end equipment, intelligent connected new energy vehicles, next-generation electronic information, fashion consumer goods, new energy and green low-carbon initiatives, advanced materials, and software and information services.

It also highlights the initial achievements in building industry clusters in 14 district-level key sectors. Shanghai has four industrial clusters at the trillion-Chinese yuan level in the fields of electronics information, autos, high-end equipment, and software and information services.

Jointly developed by the municipal and district authorities, the 14 district-level specialized industry clusters will be focused on 15 million square meters of space and have investment of CNY50 billion, Chen Feifei, director of the Shanghai Municipal Commission of Economy and Informatization's comprehensive planning division, told Yicai.

They represent tangible investment opportunities, offering innovators and entrepreneurs a comprehensive list of potential investments, she added.

The first of the two new CNY50 billion funds is the Shanghai Industrial Transformation and Upgrading Phase II Fund, which aims to support projects in next-gen electronic information, high-end equipment, autos, new materials, software and information services, and industrial services, in line with the city's industry-leading sectors. It will help advanced manufacturers in their growth and maturity stages.

The second fund is the Shanghai State-owned Assets M&A Fund Matrix, which will focus on areas such as state-owned enterprise reform, civil aviation, and cultural tourism consumption.

The week-long Global Investment Promotion Conference, now in its fifth year, is a vital platform for domestic and international investors to learn about and invest in Shanghai and China more generally, Zhang Ying, director of the Shanghai Global Investment Promotion Office, said last week.

Over the past four years, more than 580 major industrial projects have been launched at the event, with total investment exceeding CNY1.1 trillion (USD151.6 billion). Shanghai has already unveiled 21 key industrial projects this year, including manufacturing projects in advanced materials, ICs, high-end equipment, biomedicine, and green low-carbon industries.

Among them, Shanghai Superconductor Technology is investing CNY2.5 billion to establish a second-generation high-temperature superconducting wire production base and headquarters. The project aims to create the world’s first large-scale industrial production and R&D facility for second-gen high-temperature superconducting tapes.

Editor: Martin Kadiev