Shanghai Pudong New District Launches “Go Global” Initiative

New policy in Shanghai Pudong New District bolsters corporate globalization efforts

On April 24, the General Office of the Pudong New Area People’s Government in Shanghai issued the “Action Plan to Support Enterprises’ ‘Go Global’ Strategy” (hereinafter referred to as the “Plan”). The Plan outlines key objectives: by 2025, cultivate 40 high-potential, fast-growing “overseas pioneer enterprises” and attract 10 global-resource-allocating enterprise headquarters. By the end of the 15th Five-Year Plan period (2026-2030), the target expands to 400 pioneer enterprises and 100 corporate headquarters with global reach.

The Plan emphasizes a “business-led, market-oriented approach with international layout and professional services.” While mitigating potential risks, it supports enterprises in global expansion—particularly along the Belt and Road Initiative—to deeply integrate into global industrial chains, enhance resource allocation capabilities, and boost international competitiveness. This initiative aims to drive exports of major Chinese equipment, intermediate goods, R&D, professional services, and technical standards, while elevating Shanghai’s “Five Centers” development.

The Plan also points out that it will optimize the global logistics supply chain system, encourage logistics enterprises to build flexible and diverse logistics supply chain infrastructures at home and abroad, and provide multifunctional and highly flexible logistics and warehousing solutions for enterprises going global. Enhance the convenience of cross-border capital financing for “going out” enterprises, cooperate with the national strategy of RMB internationalization, and support “going out” enterprises to use RMB to carry out international settlement, cross-border investment and financing, etc., so as to effectively avoid exchange rate fluctuations and safeguard the security of capital.

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